This Week in Startups
This Week in Startups
Jason Calacanis covers startups, tech, markets, media, and all the hottest topics in business and technology. He also interviews the world’s greatest founders, operators, investors, and innovators.
Jason Calacanis

OpenAI Chaos Continues with Sunny Madra and David Sacks | E1852

E1852 • Nov 20, 2023 • 60 mins

Sunny Madra and David Sacks join Jason to break down all the chaos of the past few days at OpenAI including why the situation is so unprecedented (17:46), the board’s failure (30:18), the impact on startups (43:34), and much more!

Key Points

  • The firing of Sam Altman from OpenAI and the subsequent value destruction is unprecedented in Silicon Valley history, comparable to major events like the firing of Steve Jobs and the Theranos scandal.
  • OpenAI's internal turmoil has significant implications for employees on visas, with their immigration status tied to the company, potentially preventing them from leaving even if they wanted to.
  • The abrupt and opaque dismissal of Altman by the OpenAI board, without clear communication of the reasons, has led to widespread shock, speculation, and a potential restructuring or reformation of the company as employees threaten to resign en masse.
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