The board of directors at OpenAI has appointed former Twitch CEO, Emmett Shear, as the interim CEO, disregarding calls to reinstate Sam Altman. This move comes after a series of leadership changes and intense negotiations that have kept the technology community, especially the artificial intelligence (AI) sector, on edge following the collapse of Altman’s Worldcoin (WLD).
The decision to appoint Emmett Shear as the interim CEO of OpenAI amid board tensions and investor pressure indicates a disregard for the pressure to reinstate Sam Altman. Altman’s sudden removal last Friday, citing communication disputes, resulted in Shear being brought in as his replacement.
According to sources close to the matter, the board actively searched for a successor for Altman and reached out to leading technology executives in search of stable leadership. Shear’s appointment, following discussions to bring back Altman and appoint Murati as the interim CEO, highlights the complexity surrounding OpenAI’s internal dynamics and the urgency of the third leadership change.
After Altman’s surprising removal last week, WLD coin plummeted from $2.5 to $1.8, but it turned upward and recovered a significant portion of its losses amid rumors of Altman’s reinstatement.
Shear’s appointment as interim CEO has once again shaken WLD coin. The controversial altcoin project, which has been the subject of privacy debates and harsh criticism since its launch, turned downward again upon hearing the news. Previously trading above $2.5, WLD coin quickly dropped to $2.27.
Worldcoin’s WLD is currently trading at $2.32, down 0.64% in the last 24 hours.