Equity Catching up on OpenAI’s wild weekend
5 snips
Nov 20, 2023 A leadership shakeup at OpenAI rattles the tech industry, starting with Sam Altman's unexpected exit and investor backlash. Emmett Shear steps in as interim CEO while Altman and others head to Microsoft. Discussions reveal tensions between rapid AI development and the need for caution, with conflicting views on the pace of innovation. A controversial tweet hints at regret, highlighting the complex relationship between corporate power and AI advancements.
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OpenAI Developer Day
- OpenAI hosted its first developer day in early November 2023.
- They announced impressive user and developer stats, showcasing ChatGPT's 100 million weekly active users and 2 million developer API users.
Altman's Ouster
- Sam Altman's departure as OpenAI's CEO was announced on November 17, 2023.
- The reason cited was Altman's lack of consistent candor in communications with the board.
Investor Backlash
- Following Altman's departure and an unsuccessful all-hands meeting, Greg Brockman resigned.
- Investors reacted negatively, concerned about potential losses on their investments.