They need to come clean on what’s going on. Investors won’t like this at all
OpenAI's board has fired Sam Altman
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Re: OpenAI's board has fired Sam Altman
#252> While the company has experienced dramatic growth, it remains the fundamental governance responsibility of the board to advance OpenAI’s mission and preserve the principles of its Charter.
To me, this sounds like Altman did something probably illegal to try and generate more profit, and the board wasn't willing to go along with it.
Re: OpenAI's board has fired Sam Altman
#253>Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities. The board no longer has confidence in his ability to continue leading OpenAI. Strangest thing in company's PR when they're thriving!
Extra strange that there is no spin here.
Re: OpenAI's board has fired Sam Altman
#254WOW! Clearly some funny business going on at OpenAI, as people have speculated. I always assumed Sam Altman was too smart to be in a situation like this. I have heard grumblings about suspicious corporate structuring, behind the scenes profit taking, etc. All speculation though. The All In podcast had some words about this a few months ago, though they spoke in generalities.
Which podcast episode was this?
Re: OpenAI's board has fired Sam Altman
#255Didn't OpenAI close new ChatGPT Plus signups just 2 days ago? Strange coincidence in timing... Maybe the board just learned that costs were wildly over what Sam told them? I guess we'll find out...
Re: OpenAI's board has fired Sam Altman
#256I would translate "not consistently candid with the board" as "he lied to the board about something important enough to fire him on the spot". This seems like the kind of statement lawyers would advise you to not make publicly unless you have proof, and it seems unusual compared to most statements of that kind that are intentionally devoid of any information or blame.
Perhaps he had altruistic visions that didn't align with the boards desire to prioritize profits over all else. Cautiously optimistic.
Re: OpenAI's board has fired Sam Altman
#257I've got to say it really doesn't surprise me that the guy behind the worldcoin scam may have been operating in less than scrupulous ways in his other endeavors.
Re: OpenAI's board has fired Sam Altman
#258WOW! Clearly some funny business going on at OpenAI, as people have speculated. I always assumed Sam Altman was too smart to be in a situation like this. I have heard grumblings about suspicious corporate structuring, behind the scenes profit taking, etc. All speculation though. The All In podcast had some words about this a few months ago, though they spoke in generalities.
Kickbacks from Microsoft would be my guess.
Re: OpenAI's board has fired Sam Altman
#259I wonder if there is any connection between this and the decision to turn off new paid accounts a couple days ago.
Re: OpenAI's board has fired Sam Altman
#260For a company that's executing so well (at least from an outside perspective), shipping so fast, growing so fast, and so ahead of the curve in arguably the hottest segment of the tech market, at this moment, to do this right now, means this must be REALLY bad.
Yeah, this is like, we are getting sued for billions of dollars and directors are going to jail bad.
So my bet is either they lied about how they are using customer data, covered up a massive data breach or something similar to that.