Deep State retains their board seat with Summers.
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
#282https://old.reddit.com/r/AskReddit/comments/3cs78i/whats_the... that Sam Altman.
Sam said on a recent Joe Rogan episode that he can be a bit of a troll online and he felt some sort of discomfort with it. I do think Sam is probably sort of an asshole in certain situations (which means you’re an asshole but hide it well usually). But to be honest, most people are assholes when you push the right buttons.
Re: Sam Altman returns as CEO, OpenAI has a new initial board
#283> The fact that we did not lose a single customer will drive us to work even harder for you, and we are all excited to get back to work. I'm not a big customer, but I am starting the process of moving away from OpenAI in response to these events
That’s a strange statement because I definitely canceled my subscription as a result of the happenings. This very public battle confirmed for me how misaligned OpenAI is with the originating charter and mission of its nonprofit. And I didn’t want to financially contribute towards that future anymore. I guess my subscription didn’t count as a customer.
Is there some technicality here that we're missing (e.g., is there a difference between you and other customers?) or is he just lying?
Re: Sam Altman returns as CEO, OpenAI has a new initial board
#284i'm still not clear what the accusation against Altman was... something about being cavalier about safety? if that was the claim and it has merit, i don't understand why it wasn't right to oust him, and why the employees are clamoring for him back
Well, their big mistake was being unwilling to be clear and explicit about this, but as I read it, the board's problem with him was that he wasn't actually acting as the executive of the non-profit that he was meant to be the executive of, but rather was acting entirely in the interests of a for-profit subsidiary of it (and in his own interests), which were in conflict with the non-profit's charter. I think where the…
Regardless of the board's failure to make their case, recent news suggests that the SEC is going to investigate whether it is true that Altman acted in the manner you describe, which would be a violation of fiduciary duty.
I agree that it seems like an open & shut case.
Typical SEC timelines mean that this will go public in about 18 months from now.
An anonymous person has already filed an SEC whistleblower complaint about the behavioral pattern of Altman and Nadella, which has SEC Submission Number 17006-030-065-098.
As the quid pro quo favoritism allegations remain under investigation, it is crucial to note that they are as yet unproven, and both Altman and Nadella are presumed innocent until proven guilty.
11 hours ago, the SEC tweeted the following new rule, which could be interpreted as a declaration that if Altman and Nadella are found guilty in this case, the SEC will block certain asset sales by OpenAI until the conflict of interest is unwound / neutralized:
The Commission has adopted a new rule intended to prevent the sale of asset-backed securities (ABS) that are tainted by material conflicts of interest.
Washington D.C., Nov. 27, 2023 — The Securities and Exchange Commission today adopted Securities Act Rule 192 to implement Section 27B of the Securities Act of 1933, a provision added by Section 621 of the Dodd-Frank Act. The rule is intended to prevent the sale of asset-backed securities (ABS) that are tainted by material conflicts of interest. It prohibits a securitization participant, for a specified period of time, from engaging, directly or indirectly, in any transaction that would involve or result in any material conflict of interest between the securitization participant and an investor in the relevant ABS. Under new Rule 192, such transactions would be “conflicted transactions.”
https://www.sec.gov/news/press-release/2023-240
More information:
The Company exists to advance OpenAI, Inc.’s mission of ensuring that safe artificial general intelligence is developed and benefits all of humanity. The Company’s duty to this mission and the principles advanced in the OpenAI, Inc. Charter take precedence over any obligation to generate a profit.
Some analysts, including Stratechery writer Ben Thompson, have described the 2019 acceptance of Microsoft’s controversial investment by Altman as the beginning of a troubling pattern of Altman repeatedly making deals with Microsoft which were often unfavorable to OpenAI. ... As Thompson describes it, this pattern of behavior culminated in an unusual intellectual property licensing arrangement which Microsoft’s Investor Relations site describes as a “broad perpetual license to all the OpenAI IP developed through the term of this partnership” “up until AGI” (Artificial General Intelligence). This perpetual license agreement includes the technology for OpenAI’s flagship products GPT-4 and Dall•E 3. https://www.microsoft.com/en-us/Investor/events/FY-2023/AI-Discussion-with-Amy-Hood-EVP-and-CFO-and-Kevin-Scott-EVP-of-AI-and-CTO
U.S. Securities and Exchange Commission – Tips, Complaints, and Referrals – Summary Page - Submitted Externally – PDF excerpt obtained 2023-11-26 via Signal
Submission Number (redacted) was submitted on Wednesday, November 22, 2023 at 12:18:27 AM EST
This PDF was generated on Wednesday, November 22, 2023 at 12:28:38 AM EST
Image above includes ... the heading of a 7-page PDF titled "TCRReport (1).pdf" which was received by this reporter over the weekend via Signal.
Re: Sam Altman returns as CEO, OpenAI has a new initial board
#285Microsoft will be on the new board as a non-voting observer... Microsoft doesn't get to vote even though they own 49%? What's up with that?
OpenAI is non profit and a for-profit stakeholder in the board. could cause a conflict of interest
Re: Sam Altman returns as CEO, OpenAI has a new initial board
#286Re: Sam Altman returns as CEO, OpenAI has a new initial board
#287Earlier quoted context omitted.
I don’t think they necessarily owe the public an explanation, and I’m fairly sure that privately everyone that needs to know, already knows.
Actually, their statements are overflowing from bits and pieces of how they are doing this 'for all of humanity' so I'm not so sure about that. Think about it this way: if in the 1940's nuclear weapons were being developed in private hands don't you think the entity behind that would owe the public - or the government - some insight into what is going on?
Think about it this way: if in the 1940's nuclear weapons were being developed in private hands don't you think the entity behind that would owe the public - or the government - some insight into what is going on?
I'd read the hell out of that alt-history novel, I can tell you that much. Not so much the "Manhattan Project" as the "Tuxedo Park Project."
Re: Sam Altman returns as CEO, OpenAI has a new initial board
#288Earlier quoted context omitted.
This line is really interesting: > The best interests of the company and the mission always come first. That is absolutely not true for the nonprofit inc. The mission comes first. Full stop. The company (LLC) is a means to that end. Very interested to see how this governance situation continues to change.
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.
100x is basically just a “they won’t literally take over the economy of the entire planet”
Re: Sam Altman returns as CEO, OpenAI has a new initial board
#289Re: Sam Altman returns as CEO, OpenAI has a new initial board
#290> The fact that we did not lose a single customer will drive us to work even harder for you, and we are all excited to get back to work. I'm not a big customer, but I am starting the process of moving away from OpenAI in response to these events
Why? If the product is useful (it is to me), then why do you care so much as to the internal politics? If it ceases to be useful or something better comes along, sure. But this strikes me as being serially online and involved in drama
It’s not about politics, it’s about stability and trust.
Same reason I’m hesitant to wire up my home with IoT devices (just a personal example). Nothing to do with politics, I’m just afraid companies will drop support and all the things I invested in will stop working.