Sam Altman at OpenAI's developer day
OpenAI CEO Sam Altman
  • For a moment, OpenAI looked like it might collapse as staff threatened to follow Altman out the door. 
  • Silicon Valley no longer wants the fate of OpenAI resting in the hands of one person.
  • "The company will be totally fine without me," Altman said on Wednesday.

It's rare to witness raw, naked panic in Silicon Valley. It's happened twice this year, though.

These moments strip away the carefully crafted thought-leadership blogs and backslapping social media posts that are the usual fare in tech circles. Then we get to see something closer to the truth.

The first of these revelatory moments came in early spring when venture capitalists panic-tweeted their favorite bank, SVB, into an unprecedented failure.