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OpenAI board reappoints Altman and adds three other directors

reuters.com

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Re: OpenAI board reappoints Altman and adds three other directors

#191

Post by mr_toad »

drexlspivey wrote: post #49
kmeisthax wrote: post #27

Earlier quoted context omitted.

The answer is that Altman tried to get the Board removed, the Board found out and snap fired him, which scared the shit out of Microsoft. The prior and new Boards both cannot make the allegation that Altman tried to commit a corporate coup, albeit for different reasons[0], so we're never going to get official confirmation of anything. My prediction is that Altman will, unmoored from any sort of accountability, wind u…

> The answer is that Altman tried to get the Board removed, the Board found out and snap fired him Who elects the board in a non-profit? Who did sama go to to get them removed?

Usually in a non-profit the board itself elects new members if necessary. It depends on the charter.

Re: OpenAI board reappoints Altman and adds three other directors

#192

Post by Timber-6539 »

cowsandmilk wrote: post #159
aedon wrote: post #145

Earlier quoted context omitted.

Exactly. MSFT is who won here. I highly recommend you all watch OpenAI section of the new ALL-IN Podcast. Sam and OpenAI is in a very bad situation if Elon gets heard by a fair judge.

What, the podcast that is all of Elon’s best friends thinks he has a case? What a surprise!

I don't see the problem here. Are you not able to discern different arguments/ideas and come to conclusions by yourself?

Re: OpenAI board reappoints Altman and adds three other directors

#193

Post by mr_toad »

mustache_kimono wrote: post #184
mr_toad wrote: post #183

Earlier quoted context omitted.

I doubt there’s a precedent for a CEO of a “non-profit” effectively answerable to no-one and able to use it as their personal fiefdom. It’s basically a company without shareholders. I’m curious how this will play out legally. Certainly, no one with any sense will be “donating” any money in OpenAI without some strong and specific guarantees of what they’re going to be getting in return. So it can in no way can be cons…

> Certainly, no one with any sense will be “donating” any money in OpenAI without some strong and specific guarantees of what they’re going to be getting in return. And what about the taxpayer? What are these guys/gals fighting over if it isn't future profits? Has anyone else read the reporting on the non-profit's corp structure? > OpenAI also created a subsidiary of For-Profit-LP, OpenAI LLC (let’s call that “For-Pr…

Microsoft at least got licenses to a bunch of tech in return for their “donations”.

Re: OpenAI board reappoints Altman and adds three other directors

#194

Post by opinion-is-bad »

breadwinner wrote: post #58
Jimmc414 wrote: post #26

Earlier quoted context omitted.

It is actually very common, despite the conflicts of interest. eg., Tim Cook, Sundar Pichai, Satya Nadella, Mary Barra, Jamie Dimon, Mark Zuckerberg

I wouldn't mention Zuckerberg in this list, because he is in a completely different category! Zuckerberg only owns about 13% of Meta's stock, but he holds over 50% of total voting power, meaning he essentially has a complete veto over other shareholders. I don't think any other big US corporation is run like this.

Alphabet is similar. Larry and Sergei together have a majority of the voting power.

Re: OpenAI board reappoints Altman and adds three other directors

#195

Post by tptacek »

reducesuffering wrote: post #173
tptacek wrote: post #170

Earlier quoted context omitted.

We're at a point where I'd just be repeating the same point over and over again, so I just refer you back to the previous comment.

I believe I addressed your points. You want employees to purely care about their own interests. It’s ok for the company to try to align employees to the company’s interest. I’m sure you wouldn’t care for Fly.io employees secretly self-dealing in ways that gets them promoted and more $, at the expense of your company and customers. “Real easy to say that someone else should take a pay cut to serve a mission you [Fly.i…

I don't know what you're trying to say here, but if one of our team members left because they had a better offer elsewhere, I wouldn't call them greedy.

Re: OpenAI board reappoints Altman and adds three other directors

#196

Post by ji_zai »

It's sad to see many comments here assume that Sam was at fault for something without really knowing what happened behind the scenes.

Let's try not to jump to conclusions, as hard as that may be.

And if you're actively wishing people to fail, then I ask you to try to understand where that stems from.

If you think Openai should be run differently, and if you have the inclination, I genuinely encourage you to build a competitor. I actually mean it.

People think that Openai is too far ahead, but the fact is that someone with a capability to understand things from first principles will often find a unique, valuable insight to compete with. And the world is sufficiently decentralized such that you can't be stopped from pursuing this, even by Openai.

As technology becomes more powerful, first principles reasoning >> factual knowledge (information) about how things work. In a sense, Openai's work reduces their own moat.

Re: OpenAI board reappoints Altman and adds three other directors

#197

Post by Vecr »

ji_zai wrote: post #196

It's sad to see many comments here assume that Sam was at fault for something without really knowing what happened behind the scenes. Let's try not to jump to conclusions, as hard as that may be. And if you're actively wishing people to fail, then I ask you to try to understand where that stems from. If you think Openai should be run differently, and if you have the inclination, I genuinely encourage you to build a c…

I assume many people who want OpenAI to fail want to whole AGI program in general to fail, at least for a few decades longer. A competitor won't help, it'll plausibly make it worse.

Re: OpenAI board reappoints Altman and adds three other directors

#198

Post by logicchains »

code51 wrote: post #7

If AGI achieved, Microsoft doesn't have the claim on it commercially. Microsoft with 49% stake in the for-profit entity and non-observer seat, what actually protects Microsoft here? First hand information that AGI is reached? Are we not seeing a card in Microsoft's hand here?

>If AGI achieved, Microsoft doesn't have the claim on it commercially

If real AGI was achieved, probably nobody would have a claim on it commercially in the same way nobody's allowed to own another person.

Re: OpenAI board reappoints Altman and adds three other directors

#199

Post by marshray »

Timber-6539 wrote: post #192
cowsandmilk wrote: post #159

Earlier quoted context omitted.

What, the podcast that is all of Elon’s best friends thinks he has a case? What a surprise!

I don't see the problem here. Are you not able to discern different arguments/ideas and come to conclusions by yourself?

I watched some on a recommendation and used to see some of their ideas on X-Twitter.

One conclusion I came to was that I didn't respect those people's ability to discern or conclude.

Re: OpenAI board reappoints Altman and adds three other directors

#200

Post by dralley »

atleastoptimal wrote: post #118
nostrademons wrote: post #53

Earlier quoted context omitted.

Nah, I think Microsoft will end up buying some form of assets off of OpenAI (it's a non-profit with odd corporate governance that Altman doesn't own stock in, so I don't think they'll buy the whole company) for an extremely exorbitant price. Altman will put in some ambitious but clueless Microsoft manager to run it and move on to his next thing. Then it'll turn out that Gen AI is dramatically overhyped and the real-w…

Your appraisal seems to stem from a lot of people's disillusionment with the whole OpenAI thing: namely that GenAI is a hype train and will fade away as a gimmicky toy with limited real world-use cases. It's interesting seeing that perspective, because while I think it's based on a comparison of GenAI with prior "change everything" hype trains (VR, crypto), it's clearly not the same, and you and most people really do…

>The real-world utility is already enormous in the form it is now. You really think there's no real-world utility to GPT-4, Claude, and all the models that are coming out?

I'm not who you're responding to, but I think it's at least true that there is enough competition, including open source competition, to make some of the current valuations a bit fanciful.

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