Coinbase CEO Encourages OpenAI Talent Exodus Amid Removal of CEO

Published 19/11/2023, 13:18
Coinbase CEO Encourages OpenAI Talent Exodus Amid Removal of CEO
COIN
-

Coin Edition -

  • Brian Armstrong expresses deep concern and predicts legal consequences after OpenAI’s board removes Sam Altman as CEO.
  • Armstrong hinted at an alleged “EA, decel, and AI safety coup” at OpenAI.
  • Also, Armstrong encouraged OpenAI talent to leave the company.

Brian Armstrong, CEO of Coinbase (NASDAQ:COIN) exchange, has reacted to the board of directors’ decision at OpenAI, the company behind ChatGPT, regarding relieving Sam Altman from his CEO responsibilities.

In a recent tweet, Armstrong expressed deep concern over the development, hinting at a possible “EA, decel, and AI safety coup” unfolding at OpenAI. According to Armstrong, such could have devastating consequences.

In this context, he argued the OpenAI board has tampered with $80 billion of value and dismantled what he describes as a shining star of American capitalism. Given the weight of the event, Armstrong predicts potential legal repercussions as investors may pursue legal action against OpenAI.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.