OpenAI to remove non-profit control and give Sam Altman equity
1–10 of 70 posts
Re: OpenAI to remove non-profit control and give Sam Altman equity
#2This is, uh, interesting timing to put it mildly given Mira Murati's departure.
Re: OpenAI to remove non-profit control and give Sam Altman equity
#3[deleted]
Re: OpenAI to remove non-profit control and give Sam Altman equity
#4and apparently removing the cap on returns for investors
Re: OpenAI to remove non-profit control and give Sam Altman equity
#5Probably now everyone is starting to realize that Sam Altman really is far worse than Elon and everyone was very late to understand this after the coup that happened nearly a year ago.
Perhaps this is what Mira, Greg and IIya saw in Sam; his true intentions after that coup.
This 'non-profit' / 'for-profit' complication structure + taking capped investment won't be tried again in a very long time after these events.
Re: OpenAI to remove non-profit control and give Sam Altman equity
#6Probably now everyone is starting to realize that Sam Altman really is far worse than Elon and everyone was very late to understand this after the coup that happened nearly a year ago. Perhaps this is what Mira, Greg and IIya saw in Sam; his true intentions after that coup. This 'non-profit' / 'for-profit' complication structure + taking capped investment won't be tried again in a very long time after these events.
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Re: OpenAI to remove non-profit control and give Sam Altman equity
#7[flagged]
Re: OpenAI to remove non-profit control and give Sam Altman equity
#8It’s so weird that the person behind Loopt has now come fully in charge of this company and perverted its initial goals so completely. I’m still not clear on what Sam has accomplished or why he was put in charge of YC or OpenAI. Also apparently chairman of Helion Energy (fusion startup). Masterclass in failing up.
Re: OpenAI to remove non-profit control and give Sam Altman equity
#9> Since then, OpenAI's board has been refreshed with more tech executives, chaired by Bret Taylor, former Salesforce co-CEO who now runs his own AI startup. Any corporate changes need approval from its nine-person non-profit board.
Why would the non-profit board approve a change to a for-profit company? Wouldn't this be against the nature of the non-profit entity that was founded and which they are supposed to govern?
Re: OpenAI to remove non-profit control and give Sam Altman equity
#10It’s so weird that the person behind Loopt has now come fully in charge of this company and perverted its initial goals so completely. I’m still not clear on what Sam has accomplished or why he was put in charge of YC or OpenAI. Also apparently chairman of Helion Energy (fusion startup). Masterclass in failing up.
At this stage though, he has no more place to fail up to!