AI coin gains 600% in one year while OpenAI CEO wants quick return after dismissal

Not a week goes by without AI technology making it into the news in one way or another. In these past few days, this was no different.

On Friday afternoon it was quite surprisingly announced that Sam Altman, the CEO of OpenAI (the company behind ChatGPT), had been fired by his own board of directors.

This immediately caused many to compare the events with what once (we are talking about 1985, almost 40 years ago) happened to Steve Jobs at Apple. He was also fired by his own board of directors only to triumphantly return a few years later.

Grok

Hedge funds and other investors who have lent money to found OpenAI have since taken to social media to call for the famed CEO to be reinstated.

Something big just happened.

Sam Altman just tweeted he loves the OpenAI team, 3 hours after reports surfaced that staff will quit if the board doesn’t resign and REINSTATE him as CEO tonight.

Now, several of OpenAI ‘s team are quote tweeting a ❤️ to Sam’s post. pic.twitter.com/Xmo0LdpNmY

— Rowan Cheung (@rowancheung) November 19, 2023

Microsoft, the largest investor in OpenAI, has already agreed to such a return. Discussions between OpenAI’s board of directors and Sam Altman have already begun.

Analysts remain wild about all things AI and are willing to call for investment. ChatGPT, has a rival at Google called Bard and one at X (formerly Twitter) called Grok.

Still, the original ChatGPT remains the first choice for many on the internet.

Render

As such, you can imagine how popular AI crypto coins are this year.

Earlier in 2023, we introduced you to the Render Token. This digital currency represents a blockchain that specializes in providing spare computer power to allow anyone to create 3D visuals. Render tokens has risen rise explosively in 2023 as technology such as Dall-E is increasingly in the media.

ChatGPT, which needs more and more spare computer power, could also rely on the Render network.

Render Token was still around 40 dollar cents at the beginning of this year. In recent weeks it’s price has exploded and it is once again trading around $3.3. In one year, the cryptocoin has in this manner gained more than 600%. Render Token is available on Bybit.