The drama at Open AI kicked into overdrive yesterday when the company announced they are transitioning from a Non-profit charity(?) to a for-profit company and immediately afterward, co-founder and Chief Technology Officer Mira Murati and two other high level executives left the company. Sam Altman will receive 7% equity in the company, worth nearly $10B. Not bad for a charity gig. Elsewhere, Saudi Arabia is set to abandon it’s unofficial $100/barrel oil price target in a story reminiscent of the 2014 policy shift targeting US shale producers that sent oil prices crashing into the $20s. Could sharply lower oil be on the horizon?
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