00:00 It's Benzinga and here's what's on the block.
00:02 Emmitt Scheer is the interim CEO of OpenAI, replacing Sam Altman who was fired by the
00:06 board last week.
00:07 Scheer is the former CEO and co-founder of live streaming site Twitch, which he founded
00:11 in 2007 and led until being acquired by Amazon for a billion dollars in 2014.
00:16 After leaving Twitch last year, Scheer became a partner at startup accelerator Y Combinator,
00:20 where Altman was formerly president.
00:22 As OpenAI's new interim CEO, Scheer will be responsible for leading the company, known
00:26 for its chatGBT chatbot and addressing regulatory concerns around its powerful AI technology.
00:32 Scheer took the OpenAI role to help with what he believes is one of the most important companies
00:36 for advancing AI development.
00:37 For all things money, visit Benzinga.com.
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