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OpenAI investors keep pushing for Sam Altman’s return

wsj.com

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Re: OpenAI investors keep pushing for Sam Altman’s return

#11

Post by blisterpeanuts »

foobarian wrote: post #5

Assuming Altman has already signed paper with MSFT, how would this work exactly? Break whatever contract clause there was involved? Maybe it's customary to have an easy backout period in situations like this.

I wonder if Microsoft owning 49% of OpenAI vastly simplifies such a situation. Or maybe further complexifies it. It's fascinating to watch, anyway.

Re: OpenAI investors keep pushing for Sam Altman’s return

#13

Post by jacquesm »

Does anybody know who is currently CEO of OpenAI? Friday, Sam. Saturday, Mira. Sunday was a day off, Monday it was Emmet so who is it for today?

Kidding aside, the board is under more and more pressure but - surprisingly - they haven't folded yet. I am interpreting that as that they are trying to get something out of it that nobody is willing to give them. The new CEO is also surprisingly not to be found at all, no public statements, nothing to reassure employees that the ship is in good hands. Not the best showing for a captain of a ship in crisis.

Re: OpenAI investors keep pushing for Sam Altman’s return

#14

Post by jacquesm »

GreedClarifies wrote: post #12

No kidding, their investment will go to zero as soon as he officially joins Microsoft or starts his own firm. All they will have left is lawsuits.

And difficult ones at that, but they have plenty of money so I'm sure they'll be able to set a couple of lawyers up for life.

Re: OpenAI investors keep pushing for Sam Altman’s return

#15

Post by empath-nirvana »

foobarian wrote: post #5

Assuming Altman has already signed paper with MSFT, how would this work exactly? Break whatever contract clause there was involved? Maybe it's customary to have an easy backout period in situations like this.

MSFT, presumably, is one of the investors that want him to stay at openai.

Re: OpenAI investors keep pushing for Sam Altman’s return

#16

Post by whimsicalism »

foobarian wrote: post #5

Assuming Altman has already signed paper with MSFT, how would this work exactly? Break whatever contract clause there was involved? Maybe it's customary to have an easy backout period in situations like this.

I am not sure the enforceability of non-competes in California. They're certainly not for ordinary workers but I know that it is often enforceable in other places for executives even when deemed not for workers.

Re: OpenAI investors keep pushing for Sam Altman’s return

#17

Post by himaraya »

> What Bloomberg Intelligence Says

"A potential return of Sam Altman as OpenAI’s CEO will likely strengthen Microsoft’s strategic positioning, especially if it’s able to procure a seat on the new board. This could also be the preferred outcome for Microsoft, given a high legal risk if it hires a majority of OpenAI employees. We see little to no likelihood that Microsoft will buy OpenAI amid ongoing regulatory hurdles."

— Anurag Rana and Andrew Girard, analysts

https://www.bloomberg.com/news/articles/2023-11-21/altman-op...

Re: OpenAI investors keep pushing for Sam Altman’s return

#18

Post by jacquesm »

blisterpeanuts wrote: post #11
foobarian wrote: post #5

Assuming Altman has already signed paper with MSFT, how would this work exactly? Break whatever contract clause there was involved? Maybe it's customary to have an easy backout period in situations like this.

I wonder if Microsoft owning 49% of OpenAI vastly simplifies such a situation. Or maybe further complexifies it. It's fascinating to watch, anyway.

All they need is another 2% and at a measly two billion that would be an easy settlement. The board members get to save face and Satya is off to the races, employees happy, investors happy.

It could easily happen.

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