Sam Altman, CEO of Open AI, the firm behind text-based artificial intelligence (AI) platform ChatGPT, made some striking comments for SVB.
Sam Altman, CEO of Open AI, the backer of the globally popular text-based artificial intelligence (AI) platform ChatGPT, has commented on the future after the crypto and tech-friendly Silicon Valley Bank (SVB) reported bankruptcy, and how He offered his views on what could be expected.
Sam Altman Highlights Lessons from SVB Bankruptcy
According to Altam, SVB’s declaration of bankruptcy revealed the important role of authorities and regulators in understanding the pace of change in services around the world. Speaking on the Lex Fridman podcast published on March 25, Altman stated that the factors that led to the collapse of SBV did not exist during the 2008 financial crisis.
The CEO of ChatGPT drew attention, noting that the rate of collapse of SVB was due to the influence of platforms such as Twitter and mobile banking applications that did not exist in 2008. He noted that the incident demonstrated the significant changes that have occurred in the intervening years and the lack of awareness among those in power.
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