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Cardano’s Hoskinson Offers Partnership to Sam Altman While Coinbase’s Armstrong Says OpenAI Employees Should Quit

Last Updated November 20, 2023 12:26 PM
Josh Adams
Last Updated November 20, 2023 12:26 PM
Key Takeaways
  • Sam Altman was forcibly ejected from OpenAI last week.
  • Altman was previously CEO from 2019 to November 2023.
  • Crypto industry leaders have chimed in over the weekend.

The artificial intelligence (AI) world was rocked last week when Sam Altman, the high-profile CEO of OpenAI, was abruptly fired  from the company he helped start. The news sent shockwaves across the tech industry, but few have had more interesting reactions than leaders in the crypto space.

A Future Sam Altman and Cardano Partnership?

Charles Hoskinson, founder of the blockchain platform Cardano, saw an opportunity in the turmoil. He reached out to the ousted Altman on Twitter with a tantalizing offer: come build a decentralized large language model on the Cardano network. 

A large language model (LLM), like ChatGPT created by OpenAI, is an advanced artificial intelligence system that uses deep learning to comprehend, generate, and respond with human-like text.

Hoskinson floated the idea of a “fun Cardano partner chain” for Altman’s next venture, opening the door for collaboration between the AI expert and the crypto space. 

Other industry leaders in blockchain have been circumspect about the potential for the two technologies to mix. Earlier this year, Andre Cronje, founder of Fantom, expressed skepticism  about combining AI and blockchain, comparing them to oil and water. Hoskinson clearly feels differently.

Coinbase CEO Rips Into OpenAI

Meanwhile, Coinbase CEO Brian Armstrong pulled no punches  in blasting OpenAI’s decision. He expressed deep concern over Altman’s firing in a series of tweets, suggesting conflicts within OpenAI’s leadership led to jettisoning one of AI’s brightest stars. Armstrong argued the move potentially destroyed over $80 billion in value and undercut a pillar of American innovation.

Moreover, Armstrong encouraged all OpenAI employees to quit and join a new Altman venture, if he starts one. He advised Altman to avoid OpenAI’s “woke non-profit board model” and ensure founder control over decision-making. Armstrong sees excessive regulation and “decel thinking” as hampering technological progress. He specifically called out OpenAI for abandoning its original mission.

Armstrong also cited perceived ideological threats like Marxism as justifications for purging companies of certain schools of thought.

Sam Altman Escapes To Microsoft

While Armstrong’s controversial tweets ignite debate, Hoskinson’s offer symbolizes an intriguing bridge between AI and crypto. As the dust settles from Altman’s exit, all eyes turn to his next move. 

In a surprise twist, Microsoft announced  on November 20 that it is bringing Altman on board. Microsoft CEO Satya Nadella revealed Altman will lead a new advanced AI research team,  quashing speculation about Altman’s next move after his chaotic OpenAI ouster. There had been rumors over the weekend  that Altman would make a quick return back to OpenAI.

Nadella expressed Microsoft’s eagerness to work with Altman and his colleagues on pioneering new AI systems. He also reaffirmed Microsoft’s commitment to its partnership with OpenAI amid the leadership shakeup. Altman offered a minimal response, quoting  Nadella’s post with “the mission continues.” It most certainly does.

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