OpenAI Ousts CEO Sam Altman, Triggering 10% Plunge in Worldcoin (WLD) Value

UTC by Marco T. Lanz · 3 min read
OpenAI Ousts CEO Sam Altman, Triggering 10% Plunge in Worldcoin (WLD) Value
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OpenAI dismissed CEO Sam Altman due to transparency issues. Worldcoin (WLD) faces a 10% drop as Altman’s dismissal shakes the crypto market.

The board of directors at OpenAI announced today the dismissal of its CEO, Sam Altman, citing a lack of transparency in his communications with the board.

According to the statement published on the OpenAI blog, the board conducted a careful and reflective review process, concluding that Altman was not consistently truthful in his statements, hindering the board’s ability to fulfill its responsibilities.

“Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he 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”, highlighted the board.

As a result, Altman has been immediately removed from both the CEO position and the board of directors. Meanwhile, OpenAI’s Chief Technology Officer, Mira Murati, a five-year veteran of the leadership team, has been appointed as interim CEO. The board highlighted her experience and commitment to lead the company towards its new vision.

In its statement, the board thanked Altman for his contributions to the foundation and the growth of OpenAI. However, it emphasized the need for new leadership to continue innovating and creating responsible AI that “benefits all of humanity” without compromising privacy.

Worldcoin Reacts Negatively to Sam Altman’s Dismissal from OpenAI

Altman’s dismissal also wreaked havoc in the crypto industry, with the Worldcoin (WLD) token dropping more than 10% upon the news, as the artificial intelligence magnate is also the founder of this project.

Worldcoin is a biometric cryptocurrency project developed by Tools for Humanity, a global software and hardware development company founded in 2019 by Sam Altman, along with Max Novendstern and Alex Blania.

The project has been under public scrutiny since its launch, being banned in at least 10 countries due to concerns about the security and privacy of users who must register their biometric data by scanning their irises in exchange for a monthly cryptocurrency income and universal biometric identity verification.

Currently, Worldcoin has had to suspend its operations in Brazil, Kenya, Nigeria, Argentina, Germany, France, Italy, the Netherlands, Spain, and the United Kingdom. However, the company ensures that it is taking security measures to encrypt the images and protect the identity of its users, highlighting that biometric data is used solely for registration and WLD distribution.

At the time of writing this note, the price of WLD is quoted at $2.01 after falling 10%, from $2.06 to a minimum of $1.86. Therefore, although the token has experienced a slight recovery, it is essential to remain vigilant for Altman’s upcoming statements. Who knows if the entrepreneur has an ace up his sleeve and is already working on a new innovative development that will propel the WLD price to new historical highs.

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