OpenAI's Sudden Disruption - What Investors Need to Know

The 7investing Podcast · Nov 21, 2023 · 19m

Its been an eventful and an emotional week for everyone at OpenAI.

The generative AI pioneer fired its co-founder Sam Altman on Friday. Within 24 hours, its Chairman and top lieutenants had all quit. By the end of the weekend, more than 90% of its employees have threatened to do the same. Now Altman's been hired by Microsoft (Nasdaq: MSFT) and he might take those key employees with him. Meanwhile, OpenAI's Board is in chaos and is now begging Sam to rejoin them again.

What can investors learn from this sudden turn of events? Simon Erickson and JT Street discuss the lessons of OpenAI's…