Ironically enough, ChatGPT developer OpenAI isn’t publicly listed, although it’s a hot topic of conversation among stock traders. However, the lack of a stock for OpenAI doesn’t mean investors can’t take action.<\/p>\n\n\n\n
Even more than inflation, the top-of-mind motif of 2023 among stock traders has been artificial intelligence<\/a> or AI. More specifically, investors have sought exposure to companies immersed in generative AI or “gen-AI,” as this emerging technology rapidly gains traction.<\/p>\n\n\n\n Yet, even as gen-AI captures Wall Street’s imagination, all isn’t well at OpenAI. Investors are quickly discovering that OpenAI isn’t invulnerable, but as usual, commotion brings opportunities for astute stock traders.<\/p>\n\n\n\n A lot has happened during the past week in the world of OpenAI. The company’s board of directors unexpectedly forced<\/a> co-founder Sam Altman out of the CEO position. According to The Wall Street Journal<\/em>, OpenAI’s board claimed that Altman wasn’t “consistently candid in his communications.”<\/p>\n\n\n\n Furthermore, OpenAI’s board alleged that Altman\u2019s actions hindered the company’s “ability to exercise its responsibilities.” Consequently, the board concluded that it “no longer has confidence” in his “ability to continue leading OpenAI.”<\/p>\n\n\n\n In a posting on X (formerly known as Twitter), Altman seemed to take the high road in his response:<\/p>\n\n\n\nAltman’s sudden ouster<\/h2>\n\n\n\n