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OpenAI investors try to get Sam Altman back as CEO after sudden firing

wsj.com

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Re: OpenAI investors try to get Sam Altman back as CEO after sudden firing

#91

Post by ryeights »

ekms wrote: post #18
gumballindie wrote: post #6

Earlier quoted context omitted.

What’s up with comparing altman to steve jobs? He’s well behind him on the scale of leadership, inspiration, vision, and not to mention he had little to no contribution to ai, other than a crypto style aggressive marketing campaign, sprinkled with fud fomo and gaslighting.

Yeah the abrupt vibe shift on HN with regards to altman is pretty odd. Suddenly he's a Jobs-esque product visionary?

Undoubtedly, there are a lot of HN posters with a vested interest in OpenAI's continued success… Talk is cheap when it doesn't affect your bottom line.

Re: OpenAI investors try to get Sam Altman back as CEO after sudden firing

#92

Post by hooloovoo_zoo »

smnrchrds wrote: post #49

What are the odds that, if Sam Altman returns to OpenAI, it would remain a non-profit? From everything that the news has covered since his departure, it seems that the board is committed to the non-profit mission, but Sam runs OpenAI like a for-profit startup company. I imagine if he returns, the board will be replaced with people who share Sam's vision and OpenAI will drop the façade of public responsibility and non…

What would the tax implications be if they were to change the corporate structure?

Re: OpenAI investors try to get Sam Altman back as CEO after sudden firing

#93

Post by ravenhappy »

From what's been said a plausible explanation could be the sama was being courted by saudi investors, incl vision fund, to make AI silicon, for 100 billion dollars, and wasn't upfront with the board. Who knows, total speculation, but definitely grounds for dismissal. Of course he was probably a managed asset, and who knows what kind of complexity is behind the scenes. OpenAI has a very valuable product. Not supporting any ideology here, but the Russian president said that whomever controls AI controls the world. Well, anyway, AI will be a useful tool for technological advancement. It can definitely solve problems.

EDIT: meaning it's important that the AI isn't given problems whose solution harms beings, at all, let alone war- not even by carbon emissions into the atmosphere.

Re: OpenAI investors try to get Sam Altman back as CEO after sudden firing

#94

Post by trashtester »

jrflowers wrote: post #73

I love donating money to nonprofits and then exercising my rights as a shareholder to get my legal mandated influence over board seats. These board members must be sweating bullet given their fiduciary duty to these investors.

I don't think so. OpenAI was created as a non-profit, and I don't think they have any kind of fudiciary duty to create profit.

Re: OpenAI investors try to get Sam Altman back as CEO after sudden firing

#95

Post by denverllc »

gkoberger wrote: post #37
rosywoozlechan wrote: post #19

I think Altman must have worked in the past with lots of ycombinator founders to resolve disputes. Then to end up in his own, completely blind-sided and cut off. Nobody is immune to bad founder relationships.

I don't think he's on his own. All those people he helped in the past have come out to support him via heart emojis. Almost his entire company (minus the board) has publicly supported him. His team is currently hosting him at the office with hopes to reinstate him. The CEO who temporarily replaced him has publicly and privately supported his return. OpenAI's investors are backing him. His cofounder quit in solidarity…

Sure, he may have support from people like yourself. However, it’s possible that many people supporting him know the full story, or may be supporting him for the wrong reasons. For instance, Sam may have been courting outside investment for OpenAI or his own ventures competing with OpenAI without disclosing it to the board. Also, people may be supporting him because of their own interests (consider Microsoft). To say that he has support from people not involved is a bit meaningless right now; and saying he has support from j side OpenAI is devoid of evidence.

Re: OpenAI investors try to get Sam Altman back as CEO after sudden firing

#96

Post by rosywoozlechan »

gkoberger wrote: post #37
rosywoozlechan wrote: post #19

I think Altman must have worked in the past with lots of ycombinator founders to resolve disputes. Then to end up in his own, completely blind-sided and cut off. Nobody is immune to bad founder relationships.

I don't think he's on his own. All those people he helped in the past have come out to support him via heart emojis. Almost his entire company (minus the board) has publicly supported him. His team is currently hosting him at the office with hopes to reinstate him. The CEO who temporarily replaced him has publicly and privately supported his return. OpenAI's investors are backing him. His cofounder quit in solidarity…

I'm sure that this even happened at all isn't good for anyone. I can't for the life of me understand how the people who made this decision did it in the complete absence of talking to investors, stakeholders and even the OpenAI employees in leadership positions. And then to provide no explanation. Even the community and people who were using their APIs deserved one. They behaved so irresponsibly.

Re: OpenAI investors try to get Sam Altman back as CEO after sudden firing

#97

Post by gkoberger »

denverllc wrote: post #95
gkoberger wrote: post #37

Earlier quoted context omitted.

I don't think he's on his own. All those people he helped in the past have come out to support him via heart emojis. Almost his entire company (minus the board) has publicly supported him. His team is currently hosting him at the office with hopes to reinstate him. The CEO who temporarily replaced him has publicly and privately supported his return. OpenAI's investors are backing him. His cofounder quit in solidarity…

Sure, he may have support from people like yourself. However, it’s possible that many people supporting him know the full story, or may be supporting him for the wrong reasons. For instance, Sam may have been courting outside investment for OpenAI or his own ventures competing with OpenAI without disclosing it to the board. Also, people may be supporting him because of their own interests (consider Microsoft). To say…

I think you missed a majority of my post?

His CEO replacement supports him, the chairman of the board supports him, his investors (at least Satya + Kohsla) support him, his entire org supports him. You'd expect a handful of these people not to if there was really anything there, right?

Re: OpenAI investors try to get Sam Altman back as CEO after sudden firing

#98

Post by jrflowers »

trashtester wrote: post #94
jrflowers wrote: post #73

I love donating money to nonprofits and then exercising my rights as a shareholder to get my legal mandated influence over board seats. These board members must be sweating bullet given their fiduciary duty to these investors.

I don't think so. OpenAI was created as a non-profit, and I don't think they have any kind of fudiciary duty to create profit.

It is a special thing, a for-profit 501c3. At tax time it is tax exempt but when a guy I like gets fired the investors can leverage their donationvestments to fire the board and push the chari-business into further profitability. It is a good setup and it makes sense why so many people are cheering things on today :)

Re: OpenAI investors try to get Sam Altman back as CEO after sudden firing

#100

Post by paulddraper »

CPLX wrote: post #30
toomuchtodo wrote: post #11

Earlier quoted context omitted.

Sam wins either way and holds all the power with Microsoft’s backing. The only question is whether OpenAI survives (it will not if Sam and Microsoft go elsewhere) and who gets purged post coup attempt.

In the left corner, Microsoft and the guy that founded Loopt. In the right corner the company that created and still completely controls GPT-4. Why are you so sure about who wins this face off?

GPT-4 costs insane amounts of money
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