Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

OpenAI investors keep pushing for Sam Altman’s return

wsj.com

Post reply on HN
Print view View original

261–270 of 272 posts

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

#261

Post by 3cats-in-a-coat »

righthand wrote: post #163
3cats-in-a-coat wrote: post #123

Earlier quoted context omitted.

Sorry to be blunt, but literally everything you said so far was nonsense, so I'll understand your opinion as a sign that Sam Altman will come back and the board will resign.

Ah I see more disses, very cute. Get a Team Sam t-shirt made for yourself.

Another bad guess from you.

Oh and:

https://twitter.com/OpenAI/status/1727206187077370115

"We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D'Angelo.

We are collaborating to figure out the details. Thank you so much for your patience through this."

Get yourself a "loser" shirt.

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

#262

Post by WrongAssumption »

15457345234 wrote: post #215
WrongAssumption wrote: post #197

Earlier quoted context omitted.

Emmett is already threatening to resign. https://www.proactiveinvestors.com/companies/news/1033862/op...

This entire thread is full of reddit-tier 'sources'

https://twitter.com/OpenAI/status/1727206187077370115

@OpenAI We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D'Angelo.

We are collaborating to figure out the details. Thank you so much for your patience through this.

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

#264

Post by flappyeagle »

righthand wrote: post #194
gruturo wrote: post #180

Earlier quoted context omitted.

I can't name them, no, but they're the people who built the thing that is being valued 90B. If they migrate (leadership included), so does the potential for future value. My feeling is that the 90B are moving. Sure, IP, existing contracts, licensing, you name it, will have residual value - but if I consider its board a clown car I will refrain from building on top of its API because they might not be around by luncht…

Do you know the board is a clown car or is that what the media surrounding “the chaos” has told you. The board has been quiet is all. Does that automatically mean they’re in the back flushing documents down the toilet and juggling balls? Or is there a better reason they feel no reason to publicly respond to a bunch of media flurry?

https://twitter.com/OpenAI/status/1727206187077370115

Sam and Greg returning. Board folded.

https://twitter.com/emilychangtv/status/1727228431396704557

Their hand picked CEO called them on their BS and they could not produce

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

#265

Post by zarzavat »

smegger001 wrote: post #234
zarzavat wrote: post #95

Earlier quoted context omitted.

98% is meaningless. If Altman is reinstated then he will have the power to fire anyone who didn’t sign. You’d be an idiot not to sign it.

If they didn't sign he wouldnt have the leverage to come back in the first place

Sure if you’re one of the first names to sign. But let’s say most of the company has signed, you earn a 19-bit salary, there’s now a good chance that this guy will come back and be your boss again. Are you really going to refuse to sign and withhold your support for him? No way.

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

#266

Post by canes123456 »

righthand wrote: post #24
jacquesm wrote: post #13

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 p…

I don’t think the board is under any pressure. If they don’t do anything else they just need the employees to fold on their threat to resign. Even if the employees resign, ChatGPT is still running and there are lots of people willing to take the defecting employees spots. The only thing they are pressured on is to fill in the story for the media point of view which is irrelevant to the actual functioning of OpenAI.

Even if all the employees don’t quit, losing even a quarter would be devastating. They will have a reputation as a shit show and lose all the best people to anthropic, Microsoft and google. They have the best product right now but everything improving so quickly means they will get left behind.

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

#267

Post by flappyeagle »

righthand wrote: post #251
flappyeagle wrote: post #240

Earlier quoted context omitted.

My guy. It’s flooded with juniors. Juniors at all levels of junior-ness. Including ones called “senior”

I hope you enjoy the difficulty of finding a job in a flooded market one day.

I hope no one does. Whether it's the Open AI situation or the job market, I am describing reality, not wishful thinking.

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

#268

Post by croes »

jacquesm wrote: post #132
papercrane wrote: post #67

Earlier quoted context omitted.

My understanding is the OpenAI holding company, which is controlled by the board of directors, owns 51% of the capped-profit company, with Microsoft owning the other 49%. There doesn't seem to be a scenario where Microsoft can buy a controlling interest without the boards approval.

Yes, hence the word 'settlement' in my original comment. As in: you ensure we get a controlling interest and we'll let you go quietly.

MS doesn't have enough leverage to pull such move.

The board could decide to kill the company in MS not only loses a 10 billion invest but has to reconsider its whole artificial intelligence integration push.

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

#269

Post by jacquesm »

jacquesm wrote: post #134
righthand wrote: post #65

Earlier quoted context omitted.

Why? The board announced the removal of a CEO which they have the power to do. It upset a bunch of employees who liked the CEO. The board is in search of a new CEO. OpenAI’s valuation isn’t because Sam Altman is worth $90B it’s the tech. The tech is fine. Investors have no reason to worry about their investment in the tech. The people under pressure are Sam Altman trying to reclaim his job he was fired from and Satya…

It's not about what the board can or can not do. It's about whether they can make it stick. I'm thinking they can't but plenty of clever people here on HN think they can. Time will tell.

Vindicated. I've never had such pushback on something that seemed so obvious.

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

#270

Post by endisneigh »

dgacmu wrote: post #257
endisneigh wrote: post #246

Earlier quoted context omitted.

How so? They only have themselves to blame. Unless you’re saying they’re going to send death threats?

Defending yourself against several lawsuits can be extremely expensive, not to mention time consuming. While the board members are almost certainly covered by the company's D&O insurance (unless they're not, which would be a ridiculous clown show), there's still a lot of arguing that can happen about which parts are covered by the insurance and which parts may trigger personal liability. The point is not that these b…

A lawsuit on what grounds? Firing a ceo is not illegal.
Post reply on HN