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OpenAI investors keep pushing for Sam Altman’s return

wsj.com

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

#31

Post by startupsfail »

I would call for an attempt to restore the nonprofit structure and the board, using a CA government intervention that regulates nonprofits.

Sam Altman certainly was very perceptive -https://blog.samaltman.com/machine-intelligence-part-1

But it does seem that the concentration of power was getting a bit high. And the fact that the nonprofit that was created to balance exactly that had disintegrated is not a good sign.

This structure of the nonprofit seems to be a very smart move by some very smart people. Visionaries. I’d say it needs to be restored and rebalanced.

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

#32

Post by croes »

jacquesm wrote: post #18
blisterpeanuts wrote: post #11

Earlier quoted context omitted.

I wonder if Microsoft owning 49% of OpenAI vastly simplifies such a situation. Or maybe further complexifies it. It's fascinating to watch, anyway.

All they need is another 2% and at a measly two billion that would be an easy settlement. The board members get to save face and Satya is off to the races, employees happy, investors happy. It could easily happen.

They can't simply by additional 2%

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

#33

Post by ekosz »

foobarian wrote: post #5

Assuming Altman has already signed paper with MSFT, how would this work exactly? Break whatever contract clause there was involved? Maybe it's customary to have an easy backout period in situations like this.

I think that's a large thing to assume. That announcement could also have been easily just damage control before the markets opened on Monday and nothing has yet to be truly hashed out and agreed on.

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

#34

Post by adamnemecek »

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…

Elizabeth Holmes.

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

#35

Post by jacquesm »

croes wrote: post #32
jacquesm wrote: post #18

Earlier quoted context omitted.

All they need is another 2% and at a measly two billion that would be an easy settlement. The board members get to save face and Satya is off to the races, employees happy, investors happy. It could easily happen.

They can't simply by additional 2%

Why not? An emission could be done and whoever has the right to buy could pick it up. End of story.

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

#36

Post by endisneigh »

The employees won’t resign and I doubt Microsoft will match the hypothetical 90B valuation for their profit participation units, otherwise they would’ve left already (Microsoft has agreed to match).

The investors have no power here and are effectively irrelevant. The remaining board had little to lose. The charter explicitly calls investment risky, so they’re good there too.

> The Company's duty to this mission and the principles advanced in the OpenAl, Inc. Charter take precedence over any obligation to generate a profit. The Company may never make a profit, and the Company is under no obligation to do so.

Even if the employees left I’m sure there is a class of person who would join still.

My questions are who will be permanently ceo, and why did they foolishly accuse Altman of lying. Luckily for them everyone lies and they can just pick something, but it was a bad move.

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

#37

Post by readyplayernull »

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…

ChatGPT

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

#38

Post by whimsicalism »

croes wrote: post #25
whimsicalism wrote: post #16

Earlier quoted context omitted.

I am not sure the enforceability of non-competes in California. They're certainly not for ordinary workers but I know that it is often enforceable in other places for executives even when deemed not for workers.

I think parent means breaking the contract with MS if he returns to OpenAI.

Right - which would be a non-compete.

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

#39

Post by jacquesm »

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.

> I don’t think the board is under any pressure.

Ok, you have a higher threshold for the use of the word pressure than I do.

> 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.

I wouldn't be so sure of that.

> 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.

Their investors, employees and donors might disagree with that.

Want to bet that Emmet Shear won't last the week?

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