OpenAI Ousts CEO Sam Altman, Triggering 10% Plunge in Worldcoin (WLD) Value

8:05 am
November 18, 2023
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**OpenAI Ousts Sam Altman as CEO, Leading to a 10% Decline in Worldcoin (WLD) Value**

**Summary:**
OpenAI has removed CEO Sam Altman, citing communication transparency issues. This led to a 10% drop in the cryptocurrency Worldcoin (WLD) as Altman’s departure shook the crypto market. Meanwhile, Mira Murati has been appointed as the interim CEO of OpenAI. The dismissal also impacted the Worldcoin project, with the token seeing a significant drop.

**OpenAI Dismisses CEO Sam Altman Due to Transparency Issues**
The board of directors at OpenAI announced the dismissal of its CEO, Sam Altman, due to a lack of transparency in his communications with the board. According to the statement published on the OpenAI blog, the board found Altman to be consistently untruthful in his statements, hindering the board’s ability to fulfill its responsibilities. As a result, Altman has been immediately removed from both the CEO position and the board of directors. The board has appointed Mira Murati as the interim CEO, citing her experience and commitment to lead the company towards its new vision.

**Worldcoin Reacts Negatively to Sam Altman’s Dismissal**
The removal of Sam Altman as CEO also impacted the Worldcoin (WLD) token, with a 10% drop upon the news, as Altman is also the founder of this project. Worldcoin, a biometric cryptocurrency project, has faced public scrutiny since its launch. It has been banned in at least 10 countries due to concerns about the security and privacy of users who must register their biometric data. The price of WLD dropped to $1.86 from $2.06 and currently stands at $2.01, indicating a slight recovery.

**FAQs**

**1. What led to Sam Altman’s dismissal as CEO of OpenAI?**
The board of directors at OpenAI cited a lack of transparency in Altman’s communications with the board as the reason for his dismissal. They found him to be consistently untruthful in his statements, hindering their ability to fulfill their responsibilities.

**2. Who has been appointed as the interim CEO of OpenAI?**
Mira Murati, the Chief Technology Officer and a five-year veteran of the leadership team, has been appointed as the interim CEO of OpenAI.

**3. How did the news of Sam Altman’s dismissal impact the cryptocurrency Worldcoin (WLD)?**
The news of Altman’s dismissal led to a 10% drop in the value of the Worldcoin (WLD) token, as Altman is also the founder of this project.

**4. What measures has Worldcoin taken in response to privacy concerns?**
Worldcoin has stated that it is taking security measures to encrypt the images and protect the identity of its users, emphasizing that biometric data is solely used for registration and WLD distribution.


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