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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

#251

Post by dmix »

jbm wrote: post #207
dmix wrote: post #179

Earlier quoted context omitted.

Google didn't 'suddenly' beat out the search competition either. You don't need to. Decline takes time and there are always seeds and early signals.

Yes it did. There was literally no one at the level of Google when it came out. I still remember Infoseek and Yahoo, both were garbage compared to Goog. I know they aren't doing their best right now, but there is no need to rewrite history. Google was always superior to their search competitors, which is why it is so sad to see their current situation.

I was talking about market, not technology but I guess that's what matters in this conversation.

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

#252

Post by partiallypro »

IAmNotACellist wrote: post #51
aduffy wrote: post #35

Earlier quoted context omitted.

The "coup by MSFT" conspiracy theory made no sense. Microsoft has an insanely good deal with OpenAI: * Exclusive access to resell OpenAI's technology and keep nearly all of that revenue for themselves, both cloud and services * Receive 75% of OpenAI's profits up to $1 trillion All they had to do is not rock the boat and let the golden goose keep laying eggs. A massive disruption like this, so soon after DevDay would…

OpenAI shouldn't even be making a profit, as it's a 501(c)3 charity. The whole umbrella for-profit corp they formed when they became popular should be illegal, and is clearly immoral.

A non-profit still can't continuously have millions or billions in cash burn with no new income. It's not about profit, it's about surviving at all.

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

#253

Post by nativeit »

HeavyStorm wrote: post #235
dragonwriter wrote: post #221

Earlier quoted context omitted.

> OpenAI shouldn't even be making a profit, as it's a 501(c)3 charity First, the “OpenAI" whose profits are being discussed isn't a 501(c)3 charity, but a for-profit LLC (OpenAI Global, LLC) with three other organizations between it and the charity. Second, charities and other nonprofits can make profits (surplus revenue), they just can't return revenues (but they can have for profit subsidiaries that return profit t…

> Not sure what moral principal and analysis you are applying to reach this conclusion. I'm not the parent, but I think it's clear: if I'm a charity, and I have a subordinate that is for profit, then I'm not a charity. I'm working for profit, and disguising myself for the benefits of being a charity.

Profits don’t necessarily have to be used to pad the already overstuffed offshore accounts of wankers. Sometimes organizations choose to use profits to directly fund charitable works. Please wipe up after yourself if this causes your head to explode.

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

#254

Post by toomuchtodo »

lucubratory wrote: post #217
KeplerBoy wrote: post #201

Earlier quoted context omitted.

Isn't that tech only one deal with MSFT away?

Microsoft already signed that deal with OpenAI, they can't break contract even if they did want to take an absolutely massive bet that the venture capital CEO and President can rebuild the technical infrastructure and acumen housed at OpenAI. OpenAI can replace Sam Altman and some of his newer hires, they probably can't replace Ilya Sutskever.

Microsoft could unilaterally term the OpenAI agreement and let OpenAI fight them in court due to this substantial and material event. If OpenAI doesn’t have the cash on hand to survive the legal fight, the non profit dies eventually when they exhaust their resources.

OpenAI only had resources because of Microsoft, and they bit the hand that feeds them.

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

#255

Post by SilasX »

jliptzin wrote: post #227
SilasX wrote: post #81

Earlier quoted context omitted.

Just for once I’d like to see such a statement look like, “You sheep probably want a comment on today’s news. We’re not doing that. We’re just content to buy up all the shares you’re panic-dumping. Looking forward to flipping them back to you next week when you panic in the other direction.” (Assuming they have some plan that gives them the flexibility to trade shares directly on the market like that. I think $GME ha…

Retail didn’t move MSFT stock yesterday on that news. It was HFT bots reacting to the news. Nobody panicked.

Nobody panicked? I suspect that's beyond what your current evidence, plus general knowledge of market behavior, can justify.

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

#256

Post by [deleted] »

worldsayshi wrote: post #126
soderfoo wrote: post #97

Earlier quoted context omitted.

I would say we're likely to see some governance and board composition changes made soon. Honestly, I would expect more from Microsoft's attorneys, whether this was overlooked or allowed. Maybe OAI had superior leverage and MS was desperate to get in to AI.

Maybe Microsoft have everything they need to run their own copy of ChatGPT so they consider the risks mitigated? I guess they can't really migrate the users though. Maybe they will push more aggressively for people to use bing going forward.

[deleted]

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

#257

Post by jliptzin »

SilasX wrote: post #255
jliptzin wrote: post #227

Earlier quoted context omitted.

Retail didn’t move MSFT stock yesterday on that news. It was HFT bots reacting to the news. Nobody panicked.

Nobody panicked? I suspect that's beyond what your current evidence, plus general knowledge of market behavior, can justify.

People may have panicked, but the move happened too quickly for a human to react in time

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

#258

Post by Cacti »

astrange wrote: post #190
Cacti wrote: post #147

Earlier quoted context omitted.

lol there’s thousands of Sams out there, he’s not that special, and he’s certainly not indispensable. I don’t know why so many here are struggling to accept that this guy fucked up, lied to his boss, got caught, and got fired for it, and that’s all there is to it. boards will tolerate many things, but willfully lying to them about anything material is not one of them. a ceo who won’t tell the board the truth is a ceo…

The chairman of the board quit with him, though. Doesn't seem like he had a problem.

the chairman of the for-profit got demoted. then he quit.

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

#259

Post by SilasX »

jliptzin wrote: post #257
SilasX wrote: post #255

Earlier quoted context omitted.

Nobody panicked? I suspect that's beyond what your current evidence, plus general knowledge of market behavior, can justify.

People may have panicked, but the move happened too quickly for a human to react in time

You still can't justify a claim that nobody panic-sold, given what you know. Let's try to stick to claims we have a basis to believe, instead of fighting noise with noise.

A more reasonable claim from your epistemic state could be something like, "There was no major crash from the news, as might be seen in a general panic."

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

#260

Post by raydev »

gen220 wrote: post #160
paxys wrote: post #34

Earlier quoted context omitted.

Yup this is definitely a "our stock has fallen 2% on the news, hurry up and say something to investors!" kind of letter.

It began the day up 54.75% YTD and ended the day up 50.6% YTD. They've had single-day downswings as large or larger like 30 times this year alone. Microsoft is fine.

No one is saying they aren't fine, but Microsoft has a lot of shares, and shareholders can be very annoying. If Satya didn't make a statement there'd be dozens of Important People breathing down his neck.
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