“Less than 48 hours after Sam Altman was fired from OpenAI, Brian Armstrong, the CEO of Coinbase made a post highlighting some of the impact his departure might cause the ChatGPT founder. Armstrong eulogized Sam Altman for taking OpenAI’s valuation to $80 billion, a substantial worth he believe the company has just ‘torched” by ousting the tech veteran.“
“Coinbase CEO Suspects Foul Play“
After the recent accomplishment of OpenAI in reaching a valuation of $86 billion, positioning the A.I. powerhouse over big names like Stripe and Shein, Coinbase CEO suspects foul play in the decision to remove Altman from the company, deeming it as a probable coup. Coinbase CEO tweeted, accusing the board of torching $80 Billion of value, destroying a shining star of American capitalism, and potentially facing lawsuits from investors.
“Altman and Brockman’s “New Thing”“
Armstrong expressed his belief that Altman and Brockman may establish a new deal, especially after Brockman’s notice of his continued dedication to creating safe artificial general intelligence. Charles Hoskinson has offered Altman the chance to explore a decentralized LLM, aiming to sidestep regulations and maintain founder control. Furthermore, Armstrong warned of the capacity negative impact on the company’s valuation because of the unjustified action, drawing parallels to previous situations involving Google and some cryptocurrency corporations. “Hot Take: The Fallout of Altman’s Departure from OpenAI“
The departure of Sam Altman from OpenAI has sparked controversy and speculation, with Coinbase CEO Brian Armstrong suspecting foul play and anticipating a probable decline in the company’s value. The likelihood of Altman and co- founder Greg Brockman establishing a new deal has been suggested, with implications for future of the OpenAI and the broader A.I. industry. The situation outlines the intersection of technology, entrepreneurship, and governance, and the capacity ripple effects on the A.I. and cryptocurrency sectors.
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