To recap OpenAI's decisions over the past year: * They burned up the hype for GPT-5 on 4o and o1, which are great step changes but nothing the competition can't quickly replicate. * They dissolved the safety team. * They switched to for profit and are poised to give Altman equity. * All while hyping AGI more than ever. All of this suggests to me that Altman is in short-term exit preparation mode, not planning for AGI…
It does look like an exit. Employees were given the chance to cash in some of their shares at $86 billion valuation. Altman is getting shares. New "investors" are Microsoft and Nvidia. Nvidia will get the money back as revenue and fuel the hype for other customers. Microsoft will probably pay in Azure credits. If OpenAI does not make profit within two years, the "investment" will turn into a loan, which probably mean…
At about the ten year mark, there has to be a changing of the guards from the foot soldiers who give their all that an unlikely institution could come to exist in the world at scale to people concerned more with stabilizing that institution and ensuring its continuity. In almost every company that has reached such scale in the last decade, this has often meant a transition from an executive team formed of early employees to a more senior C-team from elsewhere with a different skillset. In a world context where the largest companies are more likely to stay private than IPO, it's a profoundly important move to allow some liquidity for longterm employees, who otherwise might be forced to stay working at the company long past physical burnout.