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Also keep in mind that Microsoft hasn't actually given OpenAI $13 Billion because much of that is in the form of Azure credits.
So this could end up being the cheapest acquisition for Microsoft: They get a $90 Billion company for peanuts.
[1] https://stratechery.com/2023/openais-misalignment-and-micros...
> Remarkably, the letter’s signees include Ilya Sutskever, the company’s CTO who has been blamed for coordinating the boardroom coup against Altman in the first place. What in the world is happening at OpenAI?
If it weren’t so unbelievable, I’d almost accuse them of orchestrating all this to sell to Microsoft without the regulatory scrutiny. It’s like they distressed the company to make an acquisition one of mercy instead of aggression, knowing they already had their buyer lined up.
Wow, this is a soap opera worthy of an Emmy.
The key line: “Microsoft has assured us that there are positions for all OpenAl employees at this new subsidiary should we choose to join.”
> Remarkably, the letter’s signees include Ilya Sutskever, the company’s CTO who has been blamed for coordinating the boardroom coup against Altman in the first place. What in the world is happening at OpenAI?
> Remarkably, the letter’s signees include Ilya Sutskever, the company’s CTO who has been blamed for coordinating the boardroom coup against Altman in the first place. What in the world is happening at OpenAI?
ChatGPT: Done!
Earlier quoted context omitted.
There must be something going on which is not in the public domain. What an utterly bizarre turn of events, and to have it all played out in public. A $90 billion valuation at stake too!
I wonder how many people are on a path for a $250K/year salary instead of $30M in the bank now.
The key line: “Microsoft has assured us that there are positions for all OpenAl employees at this new subsidiary should we choose to join.”
I think everyone assumed this was an aquihire without the "aqui-" but this is the first time I've seen it explicitly stated.
We’re seeing our generation’s “traitorous eight” story play out [1]. If this creates a sea of AI start-ups, competing and exploring different approaches, it could be invigorating on many levels. [1] https://www.pbs.org/transistor/background1/corgs/fairchild.h...
Microsoft gobbles up all talent from OpenAI as they just gave everyone a position.
So we went from "Faux NGO" to, "For profit", to "100% Closed".