In ousting CEO Sam Altman, ChatGPT loses its finest fundraising event

INSUBCONTINENT EXCLUSIVE:
Artificial intelligence may be well-known for generating human-like images out of whole cloth, but if the software has a public face it is
himself as the benevolent wizard behind the curtain of a technology that many say could upend entire industries and even mankind itself.But
He is out.Directors of the company, now worth about $80 billion, cited a failure to be "consistently candid in his communications."Further
details of what finally led to the ouster of Altman were not immediately clear Friday.The company reassured staff that it would be fine
without him, but the Silicon Valley superstar, who once ran the best known startup incubator YCombinator, or YC, leaves the company with a
big hole to fill in its fundraising efforts: maintaining the software costs some very real money
It also takes talented engineers, who flocked to Altman.Altman, 38, was plucky to the end of his run at OpenAI
He was seen mingling with attendees briefly at an AI conference in San Francisco on Wednesday, and the next day spoke on a panel with a top
commit $10 billion to the company and leading the company's tender offer transactions this year that fueled a nearly three-fold valuation
bump from $29 billion to over $80 billion
His aura also helped attract AI engineering talent in what may be the most competitive market seen in tech circles in years
He successfully recruited from Google, Microsoft and other established tech giants with surer pay packages, promising to let them in on the
ground floor of a world-altering technology.That tech has since fueled concerns of doomsday scenarios where the software takes over the
world, steals intellectual property with impunity and makes secondary education a hotbed of cheating or simply unnecessary; but Altman at an
event on Thursday said "heavy regulation" wasn't needed for some time."At some point when the model can do like the equivalent output of a
whole company, and then a whole country and then the whole world," such rules would be helpful, he said.Altman grew up in St
Louis, Missouri and attended Stanford for one year, marking a tradition of sorts among tech titans of dropping out before getting their
degrees
moonshot ethos likely played well among ambitious engineers tired of toiling away for blue chip tech firms."As long as you are right, being