Why an Andy Warhol sculpture bombed at auction
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 22 November 2023
⏱️ 8 minutes
🧾️ Download transcript
Summary
Last week, an Andy Warhol piece up called Bomb — literally a silver-painted bomb — failed to sell because its reserve wasn’t met. Why couldn’t it fetch a higher price? We’ll discuss and take a closer look at the high-end art world. Also, OpenAI exemplifies what can happen when employees threaten to quit en masse, and a major settlement shakes up crypto exchange Binance.
Transcript
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| 0:00.0 | There's power and employees threatening to quit en masse. |
| 0:05.0 | I'm David Brancaccio in New York. |
| 0:07.0 | On Friday, the nonprofit board that governed Open AI, maker of chat GPT, |
| 0:12.0 | fired its much admired boss. |
| 0:14.5 | By Sunday Sam Altman found a plumb job at Microsoft by Monday Open AI employees were fixing |
| 0:20.5 | to quit en masse. |
| 0:22.4 | Now we can tell you, Altman is now going back to Open AI as boss. |
| 0:27.0 | The question of why this all happened lingers. |
| 0:29.0 | Marketplace's Nova Safo reports. |
| 0:32.0 | Open AI says it's still ironing out the details of Sam Altman's return. |
| 0:36.1 | There also will be two new members of the nonprofit board which governs the for-profit |
| 0:40.6 | arm of the company, former Treasury Secretary Larry Summers, and Brett Taylor, former |
| 0:45.1 | co-ce CEO of Salesforce. |
| 0:47.4 | Among those reportedly stepping down from the board, Ilia Sutzkiver, Open AIs co-founder and |
| 0:51.8 | chief scientist, he'd participated in Altman's |
| 0:54.7 | Ouster, and that is a clue as to the possible reason it happened. Just weeks earlier at a |
| 0:59.7 | TED Talk, Sutzkavir stressed Open AI's mission was not just to create so-called artificial |
| 1:05.3 | general intelligence, but to do so safely. |
| 1:08.6 | One of my motivations in creating open AI was in addition to developing this technology |
| 1:16.0 | was also to address the questions that are posed by AGI, the difficult questions, |
| 1:21.0 | the concerns that we raised. |
| 1:23.0 | Satskavar is an advocate of a go-slow approach to deploying AI. |
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