By Bitcoinist - 5 months ago - Reading Time: 3 minutes
Microsoft Hires Sam Altman To Lead AI Team In Bold Move – Good News For Worldcoin?
In a dramatic turn of events, Microsoft has officially revealed that Sam Altman will be joining their ranks as chief of a new advanced artificial intelligence unit, putting an end to widespread speculation regarding a potential return to OpenAI.
This announcement comes a mere 48 hours after the tumultuous departure of Sam Altman from the San Francisco-based OpenAI, injecting an element of unpredictability into the tech landscape.
Altman’s swift transition to Microsoft adds a layer of intrigue to the narrative, leaving industry insiders and enthusiasts eagerly anticipating the unfolding chapters of this high-stakes tech saga.
A New Home: Sam Altman Joins Microsoft
The confirmation of the position was officially announced by Microsoft’s Chief Executive Officer, Satya Nadella, in a statement released on X, on Monday.
We remain committed to our partnership with OpenAI and have confidence in our product roadmap, our ability to continue to innovate with everything we announced at Microsoft Ignite, and in continuing to support our customers and partners. We look forward to getting to know Emmett…
— Satya Nadella (@satyanadella) November 20, 2023
According to multiple sources, the non-profit board of OpenAI has appointed Emmett Shear, the co-founder of Twitch, a video streaming service, as the company’s third chief executive within a span of three days, following a weekend marked by intense boardroom turmoil.
The largest financial sponsor of the venture, Microsoft (MSFT), is also welcoming Greg Brockman, another co-founder of the company that created ChatGPT. Following Altman’s dismissal, Brockmann resigned as president of OpenAI.
We are going to build something new & it will be incredible.
Initial leadership (more soon): @merettm @sidorszymon @aleks_madry @sama @gdb
The mission continues. https://t.co/oAerJnMYQm
— Greg Brockman (@gdb) November 20, 2023
Following his dismissal from OpenAI on Friday, where the board expressed a loss of confidence in his leadership, Sam Altman’s potential return to the organization was the subject of weekend negotiations.
However, Nadella ultimately announced that Altman, along with Greg Brockman, will now spearhead Microsoft’s newly established advanced AI research team.
Nadella expressed great enthusiasm about the development, emphasizing Microsoft’s commitment to swiftly providing the necessary resources for their success in leading the innovative AI research initiative.
According to a story by The Verge, it was suggested that the departure of Altman might potentially lead to the resignation of other staff.
Worldcoin (WLD) Enjoys Price Boost
Meanwhile, according to Coingecko, Worldcoin (WLD) has experienced a notable resurgence, with its trading price surging to $2.43.
There has been a significant rise of nearly 20% within the last 24 hours, which can be attributed to the announcement of Microsoft appointing him as the head of their AI group.
Also, as this develops, around 3 million Worldcoin (WLD) have been deposited on several cryptocurrency exchanges in the previous seven hours, according to the blockchain “Smart Money” tracker @lookonchain.
Affected by the news of #OpenAI ex-CEO Sam Altman(@sama), the price of $WLD experienced huge fluctuations and reached an all-time high.
The market maker #GSR deposited a total of 1.83M $WLD ($4.47M) to exchanges in the past 7 hours.https://t.co/YN7DSxxWoO pic.twitter.com/qKxLE9DLhU
— Lookonchain (@lookonchain) November 20, 2023
Market maker GSR and an unnamed whale, who sold a significant amount of WLD earlier this month, executed the deals.
As Microsoft makes a bold move by hiring Sam Altman to lead its AI team, speculation rises about the potential impact on Worldcoin.
The tech giant’s strategic decision could potentially bode well for Worldcoin’s future, given Altman’s influential role and the positive sentiment surrounding his leadership.
Investors and enthusiasts are closely watching as this dynamic development unfolds, curious to see whether the synergy between Altman and Microsoft will contribute to further positive momentum for Worldcoin in the cryptocurrency market.
Featured image from Logo Design Love
Original source: Bitcoinist