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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

#71

Post by gjsman-1000 »

righthand wrote: post #65
flappyeagle wrote: post #43

Earlier quoted context omitted.

These words are gonna get ate one way or another. There is no outcome where the current board wins. Emmet is already threatening the board with resignation unless they provide evidence of wrongdoing [1]. Which they don't have, because they would have revealed it already. They are empty shirts. [1] https://x.com/emilychangtv/status/1727020834005700914?s=20

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…

According to Stratechery, Microsoft does not just have the rights to use the source code and model weights for GPT-3.5 and GPT-4, but a clause saying that Microsoft could not use the models as foundations for their own projects was recently removed.

> Investors have no reason to worry about their investment in the tech.

If Stratechery is correct, this means that if Microsoft successfully poaches Sam Altman and friends, and vacuums OpenAI clean of talent, they will even be able to use the actual GPT-4 to build a Microsoft GPT-5. That should make investors sweat. If you lose the people and (possibly) the technology, what's left?

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

#72

Post by exitb »

righthand wrote: post #65
flappyeagle wrote: post #43

Earlier quoted context omitted.

These words are gonna get ate one way or another. There is no outcome where the current board wins. Emmet is already threatening the board with resignation unless they provide evidence of wrongdoing [1]. Which they don't have, because they would have revealed it already. They are empty shirts. [1] https://x.com/emilychangtv/status/1727020834005700914?s=20

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…

Companies aren’t valued for their current state, but future prospects.

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

#73

Post by karmasimida »

woeirua wrote: post #19

Of course. The value of their investment goes to zero if all the employees walk away.

OpenAI’s value IS their employees.

In aggregate they are secret sauce why GPT4 only exists in OpenAI not anywhere else. Data/compute are hard too, but some competitors do have the capacity.

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

#74

Post by righthand »

15457345234 wrote: post #59
jacquesm wrote: post #47

Earlier quoted context omitted.

Shear won't last. > Investors like success and returns but they don't like companies where all the employees have basically sworn out an oath of fealty to the CEO, as it means they (the investors) have basically no control over anything. Investors love such companies. I, as an investor would love such a company, as long as I was sure that the CEO would stay. Investors tend to not have control over much of anything an…

> I, as an investor would love such a company, as long as I was sure that the CEO would stay. As an investor you have no way of obtaining that surety. So, you would not love this company. > But the better interpretation is that the people there have said "we are not loyal to the board" rather than that they are more loyal to Altman Dude they're retweeting heart emojis and carrying water in _the most disturbing_ fashi…

That will last until Sam gives up and drops them all when he moves on to whatever he’s doing next. They may be dogmatic about it but it’s only because they think they have cards to play.

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

#75

Post by 3cats-in-a-coat »

righthand wrote: post #65
flappyeagle wrote: post #43

Earlier quoted context omitted.

These words are gonna get ate one way or another. There is no outcome where the current board wins. Emmet is already threatening the board with resignation unless they provide evidence of wrongdoing [1]. Which they don't have, because they would have revealed it already. They are empty shirts. [1] https://x.com/emilychangtv/status/1727020834005700914?s=20

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 upset a bunch of employees. The tech is fine". Uhmm, it upset 98% (not figuratively, but mathematically) of all 700 employees who signed a petition to quit unless he's reinstated and for the board to resign. As for the tech... who... exactly do you think created, maintains and is developing future enhancement for the tech? Is it doing it by itself? Sorry, we're not there yet.

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

#77

Post by hyperliner »

4death4 wrote: post #66
flappyeagle wrote: post #43

Earlier quoted context omitted.

These words are gonna get ate one way or another. There is no outcome where the current board wins. Emmet is already threatening the board with resignation unless they provide evidence of wrongdoing [1]. Which they don't have, because they would have revealed it already. They are empty shirts. [1] https://x.com/emilychangtv/status/1727020834005700914?s=20

In a normal corporation, they would be empty shirts, because ultimately they serve at bequest of the share holders. But this is a non-profit so they actually have a lot of power and don't need to answer to anyone.

But don’t they have to answer to the people who funded the nonprofit?

I am ignorant, but you seem to be knowledgeable about this topic.

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

#78

Post by himaraya »

gjsman-1000 wrote: post #71
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…

According to Stratechery, Microsoft does not just have the rights to use the source code and model weights for GPT-3.5 and GPT-4, but a clause saying that Microsoft could not use the models as foundations for their own projects was recently removed. > Investors have no reason to worry about their investment in the tech. If Stratechery is correct, this means that if Microsoft successfully poaches Sam Altman and friend…

Source? Ben didn't read his cited source in his article yesterday.

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

#79

Post by righthand »

exitb wrote: post #72
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…

Companies aren’t valued for their current state, but future prospects.

Is Sam Altman a future prospect of LLMs? It’s not like he holds the secret to GPT v5 or anything.
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