Open AI Fiasco
Sam Altman's firing and the ensuing events that unfolded at OpenAI.
On November 17th, Sam Altman was abruptly fired by the board of his company during a conference in Las Vegas, leading to five days of chaos. The board cited a lack of candid communication as the reason, sparking a significant controversy in Silicon Valley reminiscent of Steve Jobs' firing in 1985. In response, nearly all employees threatened to resign unless Altman was reinstated, leading Microsoft to make an open offer to hire the entire team, showcasing Satya Nadella's strategic acumen.
Other Highlights
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Power Loop
In Silicon Valley and venture capital, the "power law" is crucial: a few companies generate the majority of returns.
Exhibit 1, OpenAI
The most significant example of innovative corporate structuring is OpenAI, the pioneer behind generative AI technologies like ChatGPT.