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OpenAI

OpenAI Faces Massive Staff Departure: 75% Eyeing Sam Altman’s Microsoft Venture

Ronaldo Marquez
by Ronaldo Marquez
1 year ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Amid ongoing drama surrounding artificial intelligence (AI) company OpenAI and its co-founder Sam Altman, the biometric cryptocurrency Worldcoin (WDC) has suffered a nearly 5% drop. 

Reports suggest that Altman, the former executive of OpenAI, will be joining Microsoft, and many employees of OpenAI are considering following him to his new venture.

OpenAI Board Faces Staff Rebellion

According to CNBC, OpenAI’s board announced on Friday that Altman would be removed from his position and temporarily replaced by technology chief Mira Murati. However, late Sunday night, OpenAI revealed that former Twitch CEO Emmett Shear would be taking over as the head of the company. 

Hours later, the situation took another turn when Microsoft CEO Satya Nadella announced that Altman and Greg Brockman, the former OpenAI president and board chair, would be absorbed into the Microsoft team. Nadella stated that Altman would lead a new advanced AI research team at Microsoft.

Related Reading: Ethereum Whistleblower Addresses Fraud Allegations, Reveals Next Steps

Microsoft has made significant investments in OpenAI and maintains a close technology partnership. Nadella expressed confidence in the partnership, promising to provide the necessary resources for the success of the newly formed research team. 

Now, in the wake of these developments, a report by Watcher Guru reveals that 75% of OpenAI staff have signed a letter threatening to join Altman’s new AI venture at Microsoft. The request stems from the employees’ displeasure with OpenAI’s board over the controversial removal of Altman.

According to Watcher Guru’s report, over 500 employees representing most of the workforce signed the protest letter. The letter accuses the board of being incapable of effectively overseeing the company and suggests that Microsoft would offer jobs to those who choose to resign. 

Notably, senior executives such as former interim CEO Mira Murati and COO Brad Lightcap are said to be among the signatories. This support highlights deep internal divisions within OpenAI regarding the company’s direction.

WDC Faces Uncertainty As Altman’s Departure Sparks Price Plunge

As mentioned above, the news of Altman’s departure and the potential staff exodus significantly impacted Worldcoin, which experienced a drop of nearly 5%.

OpenAI
Worldcoin’s price plunged over the past 24 hours on the daily chart. Source: WDCUSDT on TradingView.com

As seen in the chart above, the controversial cryptocurrency experienced a sharp drop from $2.70 after rumors of Altman’s move to Microsoft were announced. WDC dropped as low as $2.24 on Monday.

Related Reading: A New Era Dawns: Bitcoin Proponent Javier Milei Secures Win In Argentina’s Presidential Contest

Given recent developments, it remains to be seen how WDC will hold up and whether it will recover before testing lower support lines.

As OpenAI’s board undergoes a shake-up and the potential departure of a significant portion of its workforce looms, the company must address the concerns its employees raise and work towards a resolution that ensures stability and maintains its commitment to advancing AI technology.

Featured image from Shutterstock, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Ronaldo Marquez

Ronaldo Marquez

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Ronaldo is a seasoned crypto enthusiast with over four years of experience in the field. He is passionate about exploring the vast and dynamic world of decentralized finance (DeFi) and its practical applications for achieving economic sovereignty. Ronaldo is constantly seeking to expand his knowledge and expertise in the DeFi space, as he believes it holds tremendous potential for transforming the traditional financial landscape.

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