ChatGPT maker OpenAI ousts CEO Sam Altman
ENQUIRING “AI” MINDS WANT TO KNOW! WHAT DID HE SAY?
November 17, 2023 —
ENQUIRING “AI” MINDS WANT TO KNOW! WHAT DID HE SAY?
📰👋🏽Sam Altman is leaving OpenAI with the Board saying he wasn’t always “candid” in his communications😖. Best for the Board and company to get this and any other C-level positions cleared up while they are still a private rather than down the road as a public company.
📅The timing is especially notable as OpenAI (the maker of ChatGPT) has been negotiating a secondary sale of employee shares to investors at an approximate valuation of $86 billion; that value may need to be trimmed or the sale delayed because of uncertainty regarding top management.
🔙If Sam Altman is leaving, it raises the chance that other key figures at the company may exit with or soon after him, possibly to start a new venture.
🗣Of course, the juicy news that enquiring minds now want to know is what exact communications was Sam Altman not “candid” about. Everyone is wondering!🤔
📉The impact on OpenAI will be noticeable, especaily in the short-term, but less so on the behemoth that is Microsoft which holds a large stage in it.
#generativeAI #tech #future #venturecapital #familyoffice
Disclosure: The opinions expressed are those of Running Point Capital Advisors, LLC (Running Point) and are subject to change without notice. The opinions referenced are as of the date of publication, may be modified due to changes in the market or economic conditions, and may not necessarily come to pass. Forward-looking statements cannot be guaranteed. Running Point is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about Running Point’s investment advisory services and fees can be found in its Form ADV Part 2, which is available upon request. RP-22-119
Originally published at https://www.linkedin.com.
