Microsoft’s Recruitment of Sam Altman Amid OpenAI Drama Causes Significant Impact on Worldcoin Price

Microsoft's Recruitment of Sam Altman Amid OpenAI Drama Causes Significant Impact on Worldcoin Price

Sam Altman Joins Microsoft A.I. Research Team

Sam Altman, the former CEO of OpenAI, has joined Microsoft to lead a new advanced A.I. research team. This was confirmed in a post by Microsoft CEO Satya Nadella.

Other former OpenAI members, including Greg Brockman, will likewise be part of this new team.

Altman was abruptly fired from OpenAI by the board, with Brockman resigning shortly after. Nonetheless, Microsoft will stay committed to its partnership with OpenAI. This was shown by their $10 Billion investment in the A.I. company earlier this year.

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Satya Nadella stated, “We look forward to getting to know Emmet Shear and OAI’s new leadership team and working with them.”

On his part, Altman retweeted Nadella’s X post and stated, “The mission continues.”

Sam Altman’s Ouster from OpenAI

OpenAI announced Altman’s removal as CEO in a blog  post, saying he was not consistently candid, thus hindering the board’s responsibilities. This led to shock waves in the tech industry, with Brockman announcing his resignation shortly after.

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Altman was the public face of OpenAI after the release of ChatGPT. A report claimed the OpenAI board was in talks with Altman to reinstate him as CEO, but Twitch co- founder Emmett Shear was appointed instead.

Worldcoin Price Volatility Spikes On OpenAI Saga

Another project Altman co- established, Worldcoin, experienced a spike in volatility. The token tanked by around 17% to $1.84 after his ouster from OpenAI but spiked to $2.54 amid news of his possible reinstatement before declining again.

After Altman’s new role at Microsoft was announced, the token is down by over 5% to trade at $2.30 at 06:59 EST.

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Hot Take

It remains to be seen how Altman’s move to Microsoft will impact the cryptocurrency and A.I. industries. Will Microsoft’s investment and partnership with OpenAI continue to thrive under Altman’s leadership? Keep an eye on this space for more updates.

Author – Contributor at | Website

Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.

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