How Has OpenAI Firing & Rehiring Sam Altman Impacted AI Tokens?
10 out of 11 AI tokens made gains after OpenAI’s announcement to fire & rehire Sam Altman as its CEO, with gains ranging from 11.8% to 61.1% on November 23, 2023 (5am UTC). PAAL AI (PAAL) was the only AI token with negative gains, decreasing by 5.3% in that same period.
9 out of 11 AI tokens peaked on November 20, 2023, where gains ranged from 19.3% to 80.4%, shortly after Microsoft announced that Altman, Brockman, and colleagues will join them to lead a new AI research team.
2 out of 11 AI tokens peaked on November 22, 2023, where gains ranged from 26.4% to 50.9%, shortly after OpenAI’s announcement that Altman would return to OpenAI as CEO. Worldcoin (WLD), founded by Sam Altman, is one of the two coins aside from OriginTrail (TRAC), which reached their peak gains after this announcement.