Worldcoin welcomed ousted OpenAI CEO Sam Altman’s return in OpenAI as CEO again. The WLD price was volatile since Altman was fired from OpenAI by the board trading as low as 1.84. The coin is trading at $2.59 at the time of writing this news.
Altman has been reinstated following the pressure of the majority of employers (770 employees) followed by investors worried about the AI industry.
Altman is not only being reinstated as OpenAI CEO, but also overhauling its board with new directors in the initial board to be led by Bret Taylor, a former co-CEO of Salesforce Inc. and former director at Twitter followed by former treasury secretary Larry Summers, and existing member and Quora CEO, Adam D’Angelo.
According to Sources, initial board is focused on selecting nine new directors. Parties are still determining which member will stay on the new board. “we are collaborating to figure out the details” the company said in a post on X. Altman agreed initially to not to be the part of board to get the deal done, leaving room to join the board eventually
Recent development in OpenAI halted the joining of Altman and his team in Microsoft as claimed by Satya Nadella, the Microsoft CEO. However, as a biggest investor, Microsoft Corp. will likely have involvement on the new board.
Altman’s return concludes the turbulent few days that plunged most renowned AI startup into chaos. Additionally, the decision has triggered a surge in trading for Altman’s co-founded Worldcoin project as WLD, causing price surge by 9.48%, trading volume by 1.43% ,and market cap by 9.35% 24hrs.
On 17th Nov. 2023, the coin dropped to a low of 1.84 following the news of Altman’s dismissal from OpenAI CEO. Despite today’s peak reaching $2.59 it remains 21.52% below from its July high of $3.30.
