- OpenAI’s board of directors removed co-founder and chief executive officer, Sam Altman, on Friday.
- The WLD token dropped to $1.84 hours after the story made headlines.
- Emmett Shear will replace Altman as the new CEO.
OpenAI’s board of directors fired its very own co-founder and chief executive officer, Sam Altman, last Friday. As the news made headlines, Altman’s retina-scanning cryptocurrency, Worldcoin (WLD), dropped to $1.84.
In the official blog post published last Friday, OpenAI asserted that Altman’s departure followed “a deliberative review process by the board.” They concluded:
He [Sam Altman] was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities. The board no longer has confidence in his ability to continue leading OpenAI.
According to Bloomberg, Altman was reportedly seeking billions of funds in the Middle East for his new AI-focused chip company before his OpenAI ouster on Friday. This venture is code-named “Tigris” and is intended to rival multinational AI and graphics-intensive applications company Nvidia.
Simultaneously, the Worldcoin token remarkably …
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