Strong

Billion

<p>The post <a href="https://coinpedia.org/news/coinbase-ceo-blasts-openais-decision-the-fallout-of-sam-altmans-exit/" rel="noopener noreferrer nofollow">Coinbase CEO Blasts OpenAI’s Decision: The Fallout of Sam Altman’s Exit</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>In a striking turn of events, Brian Armstrong, CEO of Coinbase, has voiced critical views on the recent dismissal of Sam Altman, former CEO and co-founder of OpenAI. This move comes amidst OpenAI’s remarkable ascent to an $86 billion valuation, surpassing giants like Shein and AirBnB.</p>
<h3 class="wp-block-heading" id="h-armstrong-s-strong-stance-on-altman-s-exit"><strong>Armstrong’s Strong Stance on Altman’s Exit</strong></h3>
<p>In a recent article and a series of tweets, Brian Armstrong highlighted the immense value Sam Altman brought to OpenAI, raising its valuation to $80 billion. Armstrong condemned the decision to remove Altman, likening it to a “coup” and a misstep that “torched” significant company value.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">If this is really some EA, decel, AI safety coup at OpenAI, the board just torched $80B of value, destroyed a shining star of American capitalism, and will be sued to high heaven by investors.<br><br>Every talented employee at OpenAI should quit and join Sam/Greg's new thing (if they…</p>— Brian Armstrong <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6e1.png" alt="🛡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1725924114190536825?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 18, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The Coinbase CEO also took a jab at what he calls “decel thinking,” a mindset he believes led to a decline in value at companies like Google. Armstrong’s comments suggest a belief that such thinking is now influencing the AI sector, potentially leading to detrimental effects on innovation and growth.</p>
<p>Adding to his critique, Armstrong pointed out the ideological influences in San Francisco, explicitly targeting Marxist thinking. He argues that this mindset poses a safety risk, potentially impacting companies like OpenAI.</p>
<h3 class="wp-block-heading" id="h-former-google-ceo-s-contrasting-views"><strong>Former Google CEO’s Contrasting Views</strong></h3>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Sam Altman is a hero of mine. He built a company from nothing to $90 Billion in value, and changed our collective world forever. I can't wait to see what he does next. I, and billions of people, will benefit from his future work- it's going to be simply incredible. Thank you…</p>— Eric Schmidt (@ericschmidt) <a href="https://twitter.com/ericschmidt/status/1725625144519909648?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 17, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>In a contrasting response, former Google CEO Brian Schmidt admired Sam Altman’s achievements. In a note shared shortly after OpenAI’s announcement, Schmidt hailed Altman as a “hero” for propelling OpenAI to a global powerhouse, eagerly anticipating his future contributions.</p>
<p>This development raises questions about the future trajectory of OpenAI and its impact on the broader tech landscape. With the AI industry at a critical juncture, the repercussions of Altman’s departure are yet to be fully realized.</p>

Coinbase CEO Blasts OpenAI’s Decision: The Fallout of Sam Altman’s Exit

Table of Contents

CoinPedia News

Other articles published on Nov 20, 2023

Top Crypto Marketing Agencies In 2024

Kazakhstan Launches Digital Tenge in Pilot Phase, Conducts First Retail Transaction

Tether Announces Its Largest Fund Freeze Ever

Worldcoin Price Spikes 26% After OpenAI CEO Departure, Is WLD Surge Shortlived?

OpenAI CEO drama provides markets for blockchain bets

Tether freezes $225m USDT tied to DoJ trafficking syndicate investigation

Join our free newsletter for daily crypto updates!