Breaking: OpenAI Fires CEO Sam Altman In Leadership Reshuffle, WLD Slips 12%

OpenAI, the revolutionary artificial intelligence (AI) startup behind the popular chatbot, ChatGPT has announced the dismissal of Sam Altman as the firm’s Chief Executive Officer (CEO). Mira Murati is the interim CEO effective immediately. Traders immediately responded to the announcement, with Worldcoin (WLD) falling more than 12%.

OpenAI Implements Leadership Reshuffle

According to the update shared by the firm, Mira Murati, the company’s Chief Technology Officer, has been named the interim CEO, a leadership switch that is effective immediately.

OpenAI justified the transition as one that is sanctioned by the firm’s Board of Directors. Mira’s interim service comes with her being considered a natural fit since she has served in OpenAI’s leadership team for up to 5 years.

OpenAI highlighted the fact that Mira currently leads different sections of the company including research, product, and safety functions, and with her broader understanding of the firm’s operations, she was labeled the most qualified to hold the fort until a permanent CEO is appointed.

One more shocking revelation is the reason for Sam Altman’s dismissal. Per the OpenAI update, Altman has not been forthright in his dealings with the board and as such, has prevented the body from exercising its functions most optimally.

Sam Altman’s era as the CEO of OpenAI brought the firm to the limelight. The body launched its revolutionary ChatGPT last year and after months of its release, it garnered over 100 million users instantly turning it into a major sensation earlier this year. The buzz ChatGPT created at the time attracted an investment from Microsoft while Google also introduced its competitor Bard.

Different versions of ChatGPT have been launched alongside other innovative applications like the DALL.E 3, its image generation application.

Sam Altman and Future Pursuits

While Sam Altman has not commented on his removal as CEO of OpenAI, current possibilities point to him focusing on his current project, Worldcoin.

Worldcoin is a blockchain-based startup that seeks to create a comprehensive biometric database by capturing people’s iris using a designed device called Orb. Worldcoin is off to a good start but has also faced regulatory pressures in regions like Germany, Argentina, and Kenya amongst others.

Worldcoin’s appeal is mostly hinged on its incentivization model and now that Sam Altman is out of OpenAI, perhaps, he will devote more time to solving some of the integral challenges facing Worldcoin.