Why was Open AI CEO Sam Altman just fired?
That’s it, thats the second most shocking thing that happened in tech this year,after the launch of Open AI. Let’s jump into some realities:
🎯 Reason for Firing:
Official: "OpenAI, the creator of this chatbot, said a "review process" found that Altman was "not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities."💬
Unofficial : According to reports, Altman's dismissal came after a series of disagreements over AI safety and the company's direction. 🤔
"Employees were divided on the issue of AI safety, leading to tensions within the company." - The Information
Source: the verge
🗣️ Clueless VCs:
1. Three sources with direct knowledge told Forbes that key venture capital backers of OpenAI were not given advanced warning of the news.
2. Microsoft, which has invested more than $10 billion into OpenAI, learned of Altman’s firing and dismissal from the board only one minute before the news was shared in a press release, according to an Axios report.
🎯 Who’s Next? The president has also quit and the CTO is now the interimm CEO
📈 Funding Milestone: OpenAI, known for its groundbreaking work in artificial intelligence, had raised a whopping total of $10 billion in funding! 💰 This immense financial backing showcases the immense potential and trust investors have placed in OpenAI.
💡 While it's sudden and strange, the fact that a major board openly states that the reason firing is ethics is a huge positive move if it's true -"not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities" .
Tech startups have often seen themselves above the rules and ethics, In India we are paying the price now and will continue to pay. The USA seems to be setting the trend. (if the reasons stated are true..if it’s not, then it’s far worse)
💪 What are your thoughts on Sam Altman's firing and its implications for OpenAI's future?
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Written by - Saurabh
PS-You may enjoy this post from yesterday where we talk about how a marketing campaign can save a company. Click here to read
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