https://old.reddit.com/r/AskReddit/comments/3cs78i/whats_the... that Sam Altman.
Maybe one day there will be an even better long con.
Sam Altman returns as CEO, OpenAI has a new initial board
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Re: Sam Altman returns as CEO, OpenAI has a new initial board
#72So even if you maintain strict board control, the money people can still kick you out. Incredible!
I think the whole OpenAI team being determined to follow Sam was crucial in all this, and is not something that’s easy to control. Having said that, as there’s obviously a lot of money involved for all OpenAI employees (Microsoft offered very generous packages if they jumped ship), it can be said that money in the end is what people care a lot about.
Allegedly (per Twitter) there was a persistent effort by a small group to get those signatures rather than an organic ride-or-die attitude.
However, as you note, Sam’s exit would have cost those employees at least high six figures, so I’m sure that reduced the amount of leverage required to extract signatures.
Re: Sam Altman returns as CEO, OpenAI has a new initial board
#73So even if you maintain strict board control, the money people can still kick you out. Incredible!
Not sure that’s the exact case. Once the employees threatened en masse to quit, all the power shifted to Sam and Greg’s hands - which I’m not sure they had up to that point.
I still think the board did what they thought was right (and maybe even was?), but not having the pulse of the company and their lack of operational experience was fatal.
Re: Sam Altman returns as CEO, OpenAI has a new initial board
#74Earlier quoted context omitted.
There's absolutely no sense in talking about OpenAI as a nonprofit at this point. The new board and Altman talk about the governance structure changing, and I strongly believe they will maximize their ability to run it as a for-profit company. 100x profit cap is a very large number on an $80 billion valuation.
Ya, it's a joke at this point. Better they just kill the non-profit and stop pretending.
Surely they don't do it without a reason. And I don't know what the reason is, but I must assume it's some financial benefit (read, tax evasion), and not our opinion.
Re: Sam Altman returns as CEO, OpenAI has a new initial board
#75Earlier quoted context omitted.
There's absolutely no sense in talking about OpenAI as a nonprofit at this point. The new board and Altman talk about the governance structure changing, and I strongly believe they will maximize their ability to run it as a for-profit company. 100x profit cap is a very large number on an $80 billion valuation.
Ya, it's a joke at this point. Better they just kill the non-profit and stop pretending.
But then they’d have to pay taxes, and all those corporations don’t get the juicy tax detections for “donating” to AI tech that will massively increase their profits.
Re: Sam Altman returns as CEO, OpenAI has a new initial board
#76Sam Altman: I recognize that during this process some questions were raised about Adam’s potential conflict of interest running Quora and Poe while being on the OpenAI Board. For the record, I want to state that Adam has always been very clear with me and the Board about the potential conflict and doing whatever he needed to do (recusing himself when appropriate and even offering to leave the Board if we ever thought…
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Re: Sam Altman returns as CEO, OpenAI has a new initial board
#77Earlier quoted context omitted.
The board was a non profit board serving the mission. Mission was foremost. Employees are not. One of the comments a member made was, if the company was destroyed, it would still be consistent with serving the mission. Which is right. The fallout showed non-profit missions can't co-exist with for-profit incentives. And the power that investors were exerting, and employees (who would also benefit from the recent 70B r…
> One of the comments a member made was, if the company was destroyed, it would still be consistent with serving the mission. Which is right. I know you're quoting the (now-gone) board member, but this is a ridiculous take. By this standard, Google should have dissolved in 2000 ("Congrats everyone, we didn't be evil!"). Doctors would go away too ("Primum non nocere -- you're all dismissed!").
Indeed, it made no sense. But that's why I never attach any value to mission statements or principles of large entities: they are there as window dressing and preemptive whitewash. They never ever survive their first real test.
Re: Sam Altman returns as CEO, OpenAI has a new initial board
#78https://old.reddit.com/r/AskReddit/comments/3cs78i/whats_the... that Sam Altman.
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Re: Sam Altman returns as CEO, OpenAI has a new initial board
#79So even if you maintain strict board control, the money people can still kick you out. Incredible!
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Re: Sam Altman returns as CEO, OpenAI has a new initial board
#80So even if you maintain strict board control, the money people can still kick you out. Incredible!
Ty for pointing this out. Massive, massive, corporate governance loss.
A better lesson is that a board can't govern a company if the company won't follow its lead. They were misaligned with almost the entirety of the employees.