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Friday, November 17, 2023

Sam Altman, OpenAI, ChatGPT, MSFT -- November 17, 2023

Locator: 46088ALTMAN.

This will be sorted out later.

Close relationship between MSFT and ChatGPT, the latter's parent company OpenAI, CEO Sam Altman.

The board came up with something concerning and fired him. The companyu's chief technology officer will serve as interim CEO starting today, Friday: Mira Murati.

ChatGPT "run" by Sam Altman.

Minutes ago, just before COB of business, it was announced that Sam Altman was fired.

MSFT immediately fell 2%.

Story reported in The Hollywoo Reporter

OpenAI had a multi-billion-dollar investment from Microsoft.

Many, many dots to connect, including robotaxi company, Cruise, which recently paused its operations pending an internal investigation into its safety processes. 

And, how will this effect Nvidia which reports next week.

Nvidia blades are the blades to support generative AI.

This is a huge story for tech's magnificent seven -- we now have to see how this plays out over the weekend and into Nvidia's eaarnings next week.

NVDA ticker right now: slightly red today but no related YET to the Sam Altman announcement.

CNBC doesn't have the answer yet. 

Now it comes out: rumors in the tech world that this might not have been unexpected.

"Maybe not shocking but overwhelming news."

The president of the board and co-founder of the company (Greg) was also removed from the board? Greg was not named interim CEO. Corporate problem?  Personal problem involving Altman and Greg privy to information and did not report it to the board? All rumors / extemporaneous statements from taking heads on CNBC.

Not all of this may be accurate; done on the fly.

The Verge and other tech sources will follow the story. At The Verge be sure to follow social comments.

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