Sam Altman Says OpenAI Is Slashing Its Hiring Pace as Financial Crunch Tightens

In a livestreamed town hall, Sam Altman admitted OpenAI is 'dramatically slowing down' hiring as the company faces increasing financial pressure. This follows reports of an internal 'Code Red' memo urging staff to fix ChatGPT as competitors gain ground. With analysts warning of an 'Enron-like' cash crunch within 18 months and the company resorting to ads for revenue, the era of unlimited AI spending appears to be hitting a wall.