🔥Armstrong commended Sam Altman for elevating OpenAI's valuation to $80 billion—a massive sum that, in his opinion, the company has just "burned," overshadowing the tech veteran.

Coinbase's CEO Suspects Foul Play

💸Just a few weeks ago, OpenAI reached a valuation of $86 billion, surpassing companies like Stripe and Shein. Given this achievement, Coinbase's CEO suspects that the decision to oust Altman from the company might have been intentional and more resembled a strategic move on his part.

🤖As an explanation, the AI company stated that Altman wasn't forthright in his dealings with the board of directors and, thus, hindered the board from performing its functions optimally.

🔍Nevertheless, some other cryptocurrency proponents believe that the actions taken against the former CEO of OpenAI were unwarranted. The ripple effect of Altman's departure from the company was immediately evident. Notably, OpenAI's co-founder and president, Greg Brockman, also announced his immediate departure from the firm.
Coinbase's CEO believes that it's quite likely that Altman and Brockman will come up with a new venture, especially after the latter expressed his continued belief in the mission of creating safe (beneficial) artificial general intelligence for all of humanity.

🗨Armstrong suggests that if they wish, all the talented employees of OpenAI can resign and join Altman and Brockman's "new endeavor." It's worth noting that Cardano founder Charles Hoskinson extended an offer to Sam Altman if he decides to explore decentralized LL.M.