27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
The board of OpenAI is potentially bringing back Sam Altman as CEO.
According to multiple sources, Altman, who was suddenly dismissed by the board on Friday, is "ambivalent" about returning and would demand significant governance changes, as per a report by The Verge on Saturday. The fact that Altman is in discussions with OpenAI just a day after his removal suggests a state of disarray at the company.
See Also: Who Is Mira Murati? A Look At OpenAI's Interim CEO Following Sam Altman's Stunning Exit
Following Altman's dismissal, Greg Brockman, OpenAI’s president and former board chairman, resigned. The two are reportedly considering starting a new venture together. A number of senior researchers also quit on Friday, and it's suggested that more departures may be forthcoming.
Despite Altman's abrupt removal, Microsoft, OpenAI's largest investor, stated its continued commitment to its partnership with the AI firm. However, investors were not given prior notice or a chance to discuss the board's decision to remove Altman. His departure has cast uncertainty over OpenAI's future, especially as competitors strive to match the breakthrough rise of ChatGPT.
The current OpenAI board comprises chief scientist Ilya Sutskever, Quora CEO Adam D’Angelo, former GeoSim Systems CEO Tasha McCauley, and Helen Toner, from Georgetown’s Center for Security and Emerging Technology. Sutskever, also a co-founder of OpenAI, was key in Altman's ousting, indicating a possible power struggle within the company.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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