Despite OpenAI Chaos, Wall Street Is Still Betting Big on AI

What happens when a for profit company is run by a non-profit board of directors who are ideologically opposed to the company’s product? You get something like what happened to OpenAI over the past week, which saw its board of directors sack CEO Sam Altman before eventually reinstating him and resigning. It’s a weird story that involves AI, predictions of the end of the world, strange pagan rites in Silicon Valley offices, and a Harry Potter fanfic.Join us this week on Cyber as Motherboard senior editor Maxwell Strachan walks us through what the hell just happened and what it means for the future of AI.Stories discussed in this episode:Sam Altman Out at OpenAI ‘Effective Immediately’Everything You Need to Know About the Ridiculously Chaotic 'Coup,' Implosion, and Counter-Revolution at OpenAIBinance CEO Changpeng Zhao, Who Crafted a Responsible Image, Is Pleading Guilty to Breaking Anti-Money Laundering LawsWall Street Embraces AI Despite Risks of Catastrophe Hosted on Acast. See acast.com/privacy for more information.