Sam Altman Out at OpenAI

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Read time 1.9 minutes

Year To Date Performances:

1. Sam Altman has been ousted as OpenAI CEO. As of this writing (Sunday), there are rumours that the company has re-engaged Altman, with some investors wanting him to return to the company. Under Sam Altman's leadership, the company faced internal disagreements over its direction. On one side, there was a push for rapid development and profit, while another faction advocated for a more cautious approach, emphasizing safety and adherence to OpenAI's original nonprofit ethos. This clash of visions culminated in a board decision against Altman, with some describing the move as a "coup" and others seeing it as necessary. Critics of Altman characterized him as manipulative and overly assertive, wanting to steer the company according to his personal agenda—a trait not uncommon in Silicon Valley CEOs. However, given OpenAI's unique position in the tech landscape, this internal discord has left many questions unanswered and a need for the company to clarify its future path.

2. Apple, in a notable policy change, is set to adopt RCS (Rich Communication Services) next year, bridging the gap in text messaging between iPhone and Android users. This decision marks a shift from Apple's previous reluctance to respond to long-standing requests from Google's Alphabet and others in the tech community. The GSM Association champions RCS, a modern replacement for traditional SMS and MMS and promises enhanced messaging capabilities, such as Wi-Fi-based messaging, large file transfers, and improved group chats. This move enhances cross-platform communication and comes at a crucial time when Apple faces growing scrutiny from regulators, particularly in the European Union, where it is adjusting its iPhone and iPad software to align with the new Digital Markets Act mandates.

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4. Headlines

   1. Amazon won’t allow career advancement for remote employees but will allow them to stay in their current roles while working remotely.

   2. The percentage of Americans who don’t have a mortgage has hit an all-time high.

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