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This Week in Startups

OpenAI Chaos Continues with Sunny Madra and David Sacks | E1852

Nov 21, 2023
01:00:14
Snipd AI
Entrepreneur and AI expert Sunny Madra and tech industry veteran and investor David Sacks join Jason to discuss the unprecedented chaos at OpenAI, including the board's failure, the impact on startups, and the mishandling of the situation. They also explore the motivations of OpenAI's board members and the implications of OpenAI's slowdown on startups and developers.
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Podcast summary created with Snipd AI

Quick takeaways

  • The recent chain of events at OpenAI has led to a destruction of equity value and significant impact on employees.
  • The firing of Sam Altman and opaque communication from the board have raised questions about the stability and governance of OpenAI.

Deep dives

Major value destruction and impact on employees

The recent chain of events, including the firing of Sam Altman and the resignation of the OpenAI team, has led to a significant destruction of equity value and has had a devastating impact on employees, including those dealing with visa processes tied to the company. The destruction of equity value is unprecedented, with many employees expressing sadness and disappointment. The uncertainty around the company's future and the consequences for employees is a major concern.

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