The value was based on e direction Altman was taking the company (and with him being in control). It's silly to think just replacing the CEO would somehow keep the valuation
Unless he thinks that all the LLMs and ChatGPT app store are unnecessary distractions, and others will overtake them on the bend while they are busy post-training ChatGPT to say nice things.
On Friday, the overwhelming take on HN was that Ilya was “the good guy” and was concerned about principal. Now, it’s kinda obvious that all the claims made about Sam — like “he’s in it for fame and money” — might apply more to Ilya.
Or, is he just bitter that his millions are put in risk.