OpenAI CEO Drama Makes a Market for Blockchain Betters

No one is aware of why Sam Altman was pressured out of OpenAI. However betters on decentralized prediction platform Polymarket are placing their cash the place their mouth is once they take a guess.

Over the weekend, Altman, the Chief Govt of the multi-billion synthetic intelligence startup behind ChatGPT, was pressured out of his position as a result of he “was not constantly candid in his communications” with the board.

Whereas the memo was not particular about why Altman was pressured to depart from the corporate, this was no cause for gamblers on Polymarket to not spin up prediction market contracts to wager on why he left – or what he plans on doing subsequent.

At present, the market with essentially the most liquidity is one which asks betters to foretell if Altman might be again as CEO by the top of the yr. Whereas “Sure” shares are buying and selling for 10 cents – representing a ten% likelihood – this end result flipped over the course of Sunday U.S. time when Bloomberg reported that former Twitch boss Emmet Shear had been appointed to the position.

One other contract asks if Altman could be criminally charged by Nov. 30, with Sure at present buying and selling at 1 cent. A report from Axios, citing a leaked memo, says that Altman’s firing “was not made in response to malfeasance or something associated to our monetary, enterprise, security, or safety/privateness practices.”

Contracts are additionally asking betters if, for instance, Altman will announce a brand new firm by Nov. 24 (Sure is at present buying and selling at 24 cents), if Altman will sue OpenAI, or if Ilya Sutskever, OpenAI’s chief scientist, will nonetheless be on the firm by Jan. 1. Greater than $250,000 in liquidity was unfold throughout eight prediction contracts on Sunday.

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Some reviews say that Sutskever was instrumental in eradicating Altman from the corporate.

In the meantime, AI-themed tokens rallied over the weekend as Musk introduced X was a shareholder of XAI, and OpenAI’s Macbethian company drama intrigued merchants.

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