GM! It’s Brett again. We’re coming out of stealth on October 8th at an AI-themed hacker house in SF during a16z’s SF Tech Week.

If you’re in town, I’d love to see you there! RSVP here.

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Last week, OpenAI's C-suite had a major exodus. CTO Mira Murati peace'd out after six years, followed by Chief Research Officer Bob McGrew and VP of Research Barret Zoph.

Behind the scenes, OpenAI's eyeing a massive restructure. They're looking to ditch their nonprofit roots and go full-on for-profit. CEO Sam Altman stands to score a 7% equity stake in this new setup. That 7% stake would be worth $10.5B.

Not too shabby.

This pivot comes as OpenAI's value is through the roof - we're talking a potential $150B valuation. And all this drama's unfolding right before their DevDay conference.

Ironically, Murati tweeted in 2023 that "OpenAI is nothing without its people."

Now, that's coming back to bite as folks on tech Twitter are having a field day with it.

The big picture: Their former chief scientist Ilya Sutskever's new venture, Safe Superintelligence (SSI), is already as a key player in the ethical AI space. Now that OpenAI shifts towards a more profit-driven model, SSI’s position as the guardians of ethical AI is even stronger.

In the end, this isn't just about OpenAI's internal shakeup. It's about the future direction of AI itself. The coming months will likely see increased debate and competition around balancing innovation with safety in AI.

If you are not an AI-powered professional in 2024, you will either:

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Rabbit Hole: When to do what you love (Paul Graham)

The best resources we recently came across that will help you become a better founder, builder, or investor.

📢 Plai helps you run all kinds of ads with AI

🗓️ Reclaim is the perfect workweek scheduler

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Last week’s answer: If you guessed AI-generated… you were wrong. Here’s the original.

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