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Hi everyone. Welcome to the 5 Minutes Podcast. I don't even know how to start this podcast because you know what we saw in 72 hours the past 72 hours. It's a perfect chapter of succession, the award-winning HBO series because it's so crazy to see something happening with the CEO of OpenAI being fired last Friday. And just to give you some context, for those who are managing projects and developing just to understand, if we go back 15 days ago, some Altman was with Sachin Nadella from Microsoft, sharing the stage, talking about a massive breakthrough on AI, generative AI, and why this is so important. Ten days later, OpenAI fired the CEO who is one of the founding members, and said that he was not candid with his information to the board. Then, suddenly, the world collapsed around OpenAI. So Microsoft says that they were not informed. And look, I'm not talking about the legal documents and the governance documents of OpenAI. I'm not putting it here because I don't have access to these documents. But if you have a company that puts $15 billion and you are a board member of this company, don't you think it's the minimum that you could do is to discuss with such a relevant player what is going on then after that, during the weekend, several key researchers of OpenAI asked to step down, and Sunday, people start saying, Sam Altman will come back.
Openai is trying to bring him back. Then, at the end of Sunday, OpenAI appointed Emmett Shear as the Twitch boss. Twitch is a gaming device that is owned by Amazon and will join as CEO. Later, Microsoft said that Sam Altman was joining Microsoft. So this is on a weekend. And what we can learn from that because I'm not talking to you because I'm not here. I'm not an economic business or tech podcaster. What I want here is for us to understand some aspects. First, volatility: If you think about volatility and, you want an example because it's easy for us to talk about volatility in weak companies, in companies without money, and companies suffering crisis. But this is not the case at all. We're talking about a company that pretty much has a blank check, a company that every single venture capitalist wants to invest in, and where the leader of this company, Sam Altman, was being considered. Oh, he's the next Bill Gates. He's the next Mark Zuckerberg. He's the next, you know, key person in the Valley, the next Steve Jobs. Everything collapsed about one year after GPT was released. This week, I was preparing my monthly newsletter to talk about the history of OpenAI. And now I need to stop because I need to add a new chapter. And this chapter is being written as we speak.
Because now, imagine you are investing in generative AI or AGI in your company, and you are using one platform. Imagine how this impacts because we don't know. Now will ChatGPT stay the leader second on this turbulence on this whole crazy? Will Microsoft tomorrow create something different and release it tomorrow? Who is making sure that the source code of GPT four and the weight of the model were not leaked in this mess? And tomorrow, someone will have the codes of ChatGPT. I'm being brutally honest here because it's just insane. And please, I'm not saying that some outcome should be kept in this, but the second thing on the top of volatility is communication. How on earth this I need to say, you know, I'm very used to working crisis management and a context that not exactly on this, but it's similar to this when, for example, a senior leader of a project, a large project just stepped down suddenly, or a key supplier just mess up everything, the first thing you need to do is to make sure you are communicating well. And this OpenAI fails dramatically because when you do not communicate well, rumors start to spread out. I heard rumors that Sam Altman was a bully and that he had a problem with his system. Stir that there was a case of corruption. Everything happened, and it seems that none of them are even close to the real reason.
The real reason was politics and decisions regarding safety, and I would say development. The question we have today is whether all this turbulence brought more safety to this environment. And you imagine you developing something on this again. So imagine how on a crossroad you would be now because you are putting there billions of dollars being spread out in AI all over the world, and people do not know now how things will unfold because the biggest player and the most relevant player are not there anymore. And now he's going to Microsoft. So will Microsoft stop in the future, the collaboration with OpenAI and release something different? Who owns this codes and will Microsoft release a Microsoft GPT or Microsoft whatever and go on that? And the third one is about governance. It's how important is to make sure you have clear governance. Exactly. To avoid something that is communicated in such an abrupt way. And this for me, it's on the governance of not open AI. But isn't the governance also of Microsoft because how Microsoft invests $15 billion without any warranty, that people will move in the direction you expect them to move? Because, for example, now if we ask what is the value of OpenAI now? Several companies yesterday just to threaten OpenAI, they put a write off and a zero value on the OpenAI.
So imagine a company that just pulverized 90 billion USD in a weekend. So this is something that we are writing the history of technology here. And this may impact dramatically companies that are relying and developing on the top of GPT, on the top of OpenAI ideas, or on the top of a potential future OpenAI store. Right. That was announced two weeks ago. So it's everything very unstable now. And what we can learn from this is even in companies that are extremely successful financially, that are delivering products that are amazing, like GPT, that are technologically amazing, they can suffer at such an amateur crisis, such a crisis that, you know, it seems sometimes this is just my personal there was no adult in the room, even for some Altman to the part. It could be done in a much nicer and more stable way than it was, you know, and this is, for me, just how unpredictable this marketplace is. So let's see what will happen probably when this podcast is already released. Maybe new things will come, but it's just, you know, all sorts of instability, failure in communication, and an absolutely insane governance structure. Think always about that when you have a project and when you have investments, because this will impact dramatically the way you do business. Think about that, and see you next week with another 5 Minutes Podcast.