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OpenAI staff threaten to quit unless board resigns

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Re: OpenAI staff threaten to quit unless board resigns

#191
post #68

> Remarkably, the letter’s signees include Ilya Sutskever, the company’s CTO who has been blamed for coordinating the boardroom coup against Altman in the first place. What in the world is happening at OpenAI?

What options are left other than Adam D'Angelo orchestrated the downfall of a competitor to Poe?

"I am NOT a BELLBOY!"

https://www.youtube.com/watch?v=d8oVTKG39U8&t=27s

Re: OpenAI staff threaten to quit unless board resigns

#192
post #17

This was handled so very, very poorly. Frankly it's looking like Microsoft is going to come out of this better than anyone, especially if they end up getting almost 500 new AI staff out of it (staff that already function well as a team). > In their letter, the OpenAI staff threaten to join Altman at Microsoft. “Microsoft has assured us that there are positions for all OpenAI employees at this new subsidiary should we…

“Employees” probably means “engineers” in this case. Which is a wide majority of OpenAI staff, I’m sure.

Re: OpenAI staff threaten to quit unless board resigns

#194
Quick question for some of the folks here who may have a handle on how VC's may see this, but is Microsoft effectively hiring all these staff members out from OpenAI (a company they've invested heavily in) going to affect their ability to invest into other startups in the future?

Re: OpenAI staff threaten to quit unless board resigns

#196

> Remarkably, the letter’s signees include Ilya Sutskever, the company’s CTO who has been blamed for coordinating the boardroom coup against Altman in the first place. What in the world is happening at OpenAI?

The screenwriters are overdoing it at this point.

Understandable, they were on a strike for a long time. Now that they are back, they are itching to release all the good stuff.

Re: OpenAI staff threaten to quit unless board resigns

#198
post #60

Earlier quoted context omitted.

Doesn't it look like the complete opposite is going to happen though? Microsoft gobbles up all talent from OpenAI as they just gave everyone a position. So we went from "Faux NGO" to, "For profit", to "100% Closed".

> Doesn't it look like the complete opposite is going to happen though? Going from OpenAI to Microsoft means ceding the upside: nobody besides maybe Altman will make fuck-you money there. I’m also not sure as some in Silicon Valley that this is antitrust proof. So moving to Microsoft not only means less upside, but also fun in depositions for a few years.

No. OpenAI employees do not have traditional equity in the form of RSUs or Options. They have a weird profit-sharing arrangement in a company whose board is apparently not interested in making profits.

Re: OpenAI staff threaten to quit unless board resigns

#199
post #122

Earlier quoted context omitted.

Never assume someone is winning a game of 5D chess when someone else could just be losing a game of checkers.

what does that even mean?

In this case, it means that what happened is: “OpenAI board is incompetent”, instead of “Microsoft planned this to take over the company.”

A conspiracy like the one proposed would basically be impossible to coordinate yet keep secret, especially considering the board members might loose their seats and their own market value.

Re: OpenAI staff threaten to quit unless board resigns

#200
post #18

Earlier quoted context omitted.

If it weren’t so unbelievable, I’d almost accuse them of orchestrating all this to sell to Microsoft without the regulatory scrutiny. It’s like they distressed the company to make an acquisition one of mercy instead of aggression, knowing they already had their buyer lined up.

> sell to Microsoft without the regulatory scrutiny I keep hearing this, principally from Silicon Valley. It’s based on nothing. Of course this will receive both Congressional and regulatory scrutiny. (Microsoft is also likely to be sued by OpenAI’s corporate entity, on behalf of its outside investors, as are Altman and anyone who jumps ship.)

From what I heard non-compete clauses are unenforceable in California, so what exactly are they suing for?

I'm pretty sure Satya consulted with an army of lawyers over the weekend regarding the potential issue.

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