Sam Altman to Return as CEO of OpenAI
Formerly ousted OpenAI chief executive, Sam Altman is poised to head the company once again, according to an announcement issued by the artificial intelligence firm. The move has also triggered a surge in trading activity for the Worldcoin project that Altman co-founded, resulting in an increase in WLD prices. On November 22, OpenAI confirmed that they have “reached an agreement in principle for Sam Altman to return to OpenAI as CEO.”
Altman Back at the Helm
The company behind the popular ChatGPT AI bot also announced that there will be a new initial board consisting of Bret Taylor as Chairman, Larry Summers, and Adam D’Angelo. Altman addressed the announcement, stating that everything he’s done in the past days has been in service of keeping the team and its mission together.
“With the new board and with Satya’s [Microsoft CEO Satya Nadella] support, I’m looking forward to returning to OpenAI, and building on our strong partnership with Microsoft.”
The announcement puts an end to days of chaos within the AI industry.
Worldcoin (WLD) Price Reaction
Furthermore, Worldcoin prices have experienced a significant reaction to Altman’s return to OpenAI. WLD has surged 13% from $2.20 to around $2.50 over the past few hours. Despite the recent increase, WLD remains down 24% from its July all-time high of $3.30.
Hot Take
Sam Altman’s return to OpenAI as CEO has led to a resurgence of WLD prices and marked the end of a tumultuous period for the artificial intelligence industry.
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