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Microsoft was blindsided by OpenAI's ouster of CEO Sam Altman

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Re: Microsoft was blindsided by OpenAI's ouster of CEO Sam Altman

#161

Post by sho_hn »

bastawhiz wrote: post #130
Sosh101 wrote: post #113

Earlier quoted context omitted.

Sounds perverse somehow.

It's literally the exact corporate structure of Mozilla.

And Bosch, more or less:

> Robert Bosch GmbH, including its wholly owned subsidiaries, is unusual in that it is an extremely large, privately owned corporation that is almost entirely (92%) owned by a charitable foundation. Thus, while most of the profits are invested back into the corporation to build for the future and sustain growth, nearly all of the profits distributed to shareholders are devoted to humanitarian causes.

> [...] Bosch invests 9% of its revenue on research and development, nearly double the industry average of 4.7%.

(Source: Wikipedia)

I always considered this a wonderful idea for a tech giant.

Re: Microsoft was blindsided by OpenAI's ouster of CEO Sam Altman

#162

Post by aleph_minus_one »

thepasswordis wrote: post #156
samspenc wrote: post #64

Earlier quoted context omitted.

There are now 4 people left in the OpenAI non-profit board, after the ouster of both Sam and Greg today. 3 of the 4 remaining are virtual unknowns, and they control the fate of OpenAI, both the non-profit and the for-profit. Insane.

For anybody, like me, who was wondering who is actually on their board: >OpenAI is governed by the board of the OpenAI Nonprofit, comprised of OpenAI Global, LLC employees Greg Brockman (Chairman & President), Ilya Sutskever (Chief Scientist), and Sam Altman (CEO), and non-employees Adam D’Angelo, Tasha McCauley, Helen Toner. Sam is gone, Greg is gone, this leaves: Ilya, Adam, Tasha, and Helen. Adam: https://en.wikip…

Adam D'Angelo is well-known as the founder of Quora (and Quora's demise).

Re: Microsoft was blindsided by OpenAI's ouster of CEO Sam Altman

#163

Post by gumby »

sho_hn wrote: post #161
bastawhiz wrote: post #130

Earlier quoted context omitted.

It's literally the exact corporate structure of Mozilla.

And Bosch, more or less: > Robert Bosch GmbH, including its wholly owned subsidiaries, is unusual in that it is an extremely large, privately owned corporation that is almost entirely (92%) owned by a charitable foundation. Thus, while most of the profits are invested back into the corporation to build for the future and sustain growth, nearly all of the profits distributed to shareholders are devoted to humanitarian…

And IKEA

Re: Microsoft was blindsided by OpenAI's ouster of CEO Sam Altman

#164

Post by paulcole »

WestCoastJustin wrote: post #7

Link to MS statement https://blogs.microsoft.com/blog/2023/11/17/a-statement-from... In my opinion, I'd say the shortness and lack of details backs up the story that they had no idea. You'd see way more words if a marketing department had it's hands on something like this. This was 100% a get something out asap job.

What would make you think a marketing department would potentially be involved here? Besides the obvious Marketing = Bad connection prevalent here on HN?

Re: Microsoft was blindsided by OpenAI's ouster of CEO Sam Altman

#165

Post by [deleted] »

capableweb wrote: post #120
baron816 wrote: post #62

I wonder if this is one of those pivotal moments in history where OpenAI collapses or fades and Google or someone else dominates the future of AI, and we’re all left wondering “what if”.

Unless Google (or someone else) outright acquires GPT4 and future GPT research, it's unlikely that someone will suddenly overtake OpenAI. From what we've seen, no one is close to GPT4, sometimes not even GPT3.

[deleted]

Re: Microsoft was blindsided by OpenAI's ouster of CEO Sam Altman

#166

Post by CydeWeys »

gumby wrote: post #163
sho_hn wrote: post #161

Earlier quoted context omitted.

And Bosch, more or less: > Robert Bosch GmbH, including its wholly owned subsidiaries, is unusual in that it is an extremely large, privately owned corporation that is almost entirely (92%) owned by a charitable foundation. Thus, while most of the profits are invested back into the corporation to build for the future and sustain growth, nearly all of the profits distributed to shareholders are devoted to humanitarian…

And IKEA

Rolex too, believe it or not.

Re: Microsoft was blindsided by OpenAI's ouster of CEO Sam Altman

#168

Post by ipaddr »

timeon wrote: post #105
meibo wrote: post #56

Earlier quoted context omitted.

This is what aging millenials do to make it seem like they don't really care too much about what's going on and that they're 20 years younger.

At least we are not putting 'X' to everything like older generation.

You missed out on the e in front of everything, then I. Those were the days.

Re: Microsoft was blindsided by OpenAI's ouster of CEO Sam Altman

#169

Post by dev1ycan »

Sosh101 wrote: post #113
quickthrowman wrote: post #84

Earlier quoted context omitted.

You have it backwards, the not for profit entity owns the for profit entity. From Wikipedia: > OpenAI is an American artificial intelligence (AI) organization consisting of the non-profit OpenAI, Inc.[4] registered in Delaware and its for-profit subsidiary corporation OpenAI Global, LLC.[5] IKEA [0] and Rolex [1] are structured in a similar manner, although different since they’re not US based. [0] https://en.m.wikip…

Sounds perverse somehow.

It is but that's capitalism, the alternative is to have what happens with most corporations where their majority shareholder is blackrock/vanguard etc, a basically souless investment conglomerate, whose majority shareholder is the other of blackrock/vanguard, etc. and then the 3rd biggest and then the fourth so on and so on.

You basically never have a person in the chain actually making decisions for anything but to maximize profit.

Re: Microsoft was blindsided by OpenAI's ouster of CEO Sam Altman

#170

Post by blackoil »

goodluckchuck wrote: post #111
quickthrowman wrote: post #84

Earlier quoted context omitted.

You have it backwards, the not for profit entity owns the for profit entity. From Wikipedia: > OpenAI is an American artificial intelligence (AI) organization consisting of the non-profit OpenAI, Inc.[4] registered in Delaware and its for-profit subsidiary corporation OpenAI Global, LLC.[5] IKEA [0] and Rolex [1] are structured in a similar manner, although different since they’re not US based. [0] https://en.m.wikip…

What’s the point of the subsidiary? Nonprofits can already raise funds by e.g. selling T-Shirts, baked goods, ai services, etc…

Lol, 10 billion dollars of cookies and t-shirts. They'll have to be bigger than Nestle and Zara. To sell AI services, they need to build it and for that they need the money.
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