OpenAI's CEO Sam Altman has been ousted from his position, while BlackRock and Fidelity have filed for an Ether exchange-traded fund (ETF).
OpenAI’s Sam Altman ousted, BlackRock and Fidelity seek Ether ETF , and more: Hodler’s Digest, Nov. 12-18from his CEO position on Nov. 17. Chief technology officer Mira Murati is now serving as interim CEO . According to a blog post, the board of directors engaged in a “deliberative review process,” which resulted in the conclusion that Altman “was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.
” Shortly after, OpenAI co-founder and president Greg Brockmanfiled for a spot Ether exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC) on Nov. 15. The ETF, dubbed the iShares Ethereum Trust, aims to “reflect generally the performance of the price of Ether,” according to the S-1 filed with the SEC. The iShares brand is associated with BlackRock’s ETF products. The move by BlackRock comes nearly a week after it registered the iShares Ethereum Trust with Delaware’s Division of Corporations and almost six months after it filed its spot Bitcoin ETF applicatio
Openai Sam Altman CEO Blackrock Fidelity Ether ETF
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Sam Altman ousted as CEO of OpenAISam Altman has been pushed out of AI juggernaut Open AI after an internal review found he had not been “consistently candid” with his representations to the board. Cofounder Greg Brockman later resigned.
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