This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
Just when you thought there could not possibly be any more climactic twists left in this ongoing saga, former OpenAI employees have come forward to level serious allegations against the just-deposed CEO, Sam Altman. What's even more surreal, the letter from these employees has landed in the hands of Elon Musk who has now called for a thorough investigation.
For the benefit of those who might not be aware of all of the intricate details in this live soap opera, OpenAI's board of directors sent shockwaves throughout the global tech sector on Friday when it dismissed Sam Altman for not being "consistently candid" with the board. On Monday, as Microsoft's CEO, Satya Nadella, announced that Altman would lead the tech giant's in-house AI unit, OpenAI's employees rose up against their board en masse, threatening to submit resignations unless the board restored Sam Altman and then resigned.
This brings us to the crux of the matter. A letter that is allegedly from OpenAI's former employees is currently doing the rounds on social media. You can access its archived version here. These employees assert that they were sidelined by Sam Altman for standing up to him and his increasingly mercantilist proclivity. The letter alleges:
"We believe that a significant number of OpenAI employees were pushed out of the company to facilitate its transition to a for-profit model. This is evidenced by the fact that OpenAI's employee attrition rate between January 2018 and July 2020 was in the order of 50%."
In what constitutes the crux of these allegations, the letter goes on to elaborate:
"Many of us, initially
Read more on wccftech.com