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- Last night, Sam got a text from Ilya asking to talk at noon Friday. Sam joined a Google Meet and the whole board, except Greg, was there. Ilya told Sam he was being fired and that the news was going out very soon.
- At 12:19pm, Greg got a text from Ilya asking for a quick call. At 12:23pm, Ilya sent a Google Meet link. Greg was told that he was being removed from the board (but was vital to the company and would retain his role) and that Sam had been fired. Around the same time, OpenAI published a blog post.
- As far as we know, the management team was made aware of this shortly after, other than Mira who found out the night prior.
β From the tweet by Greg Brockman
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How will the retail users & potential B2B clients react to the current situation? Will the others finally seize at least some opportunity? β OpenAI chaos is good for Google, Amazon, and others trying to catch the AI leader
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It seems that disagreements over internal security issues have a long history β Before OpenAI Ousted Altman, Employees Disagreed Over AI βSafetyβ
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Congratulations to the team for walking a path that no one else has taken and creating own history. Looking forward to what lies ahead! β Itβs Finally Here: dYdX Chain v1.0 is Officially Released!
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Repost from Cookie Reads πͺ
Crypto - Time to Product-Market-Fit
https://twitter.com/ParadigmaCa/status/1716547476499362194
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and was quite interesting to see that ENS holders are much less active than non-holders
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Unveiling the True Scale of the Ethereum DeFi Market
(Below as takeaways from the article:)
β There are 600,000 monthly unique traders (wallets) on Uniswap.
β Out of 600,000 monthly unique traders, approximately 40,000 are real, organic users (which we dubbed βCoreβ) that are not MEV bots, subaccounts, or dormant addresses.
β Out of 40,000 real, organic users, approximately 6,000 traders actively trade tokens other than $ETH and stablecoins.
β We are essentially selling our business into these 6,000 small cap traders for on-chain finance projects, unless we go for CEXes for a better reach.
This gives us two insights:
1) This is not an absurd number that requires tremendous funding in marketing, the number is within reach with a decent product paired with a decent strategy.
2) With only 6,000 active participants on the on-chain finance market, we still have much room to grow.
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Sometimes I forget that the meme market is as big as L2 (in terms of M/C), and quite amazed every time I see it... β Factomind Weekly from Factomind
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The vector DB market is rapidly changing. Incumbents are already adopting Vector DB and established leaders like Pinecone and Weaviate may lose ground.
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The author notes that Vector DB is not "another DB", but rather "a system designed to search for information using vectors," which is a feature rather than a revolutionary moat. Curious how startups will differentiate themselves in the future. β Vector database is not a separate database category
