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Sam Altman, Greg Brockman and others to join Microsoft

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Re: Sam Altman, Greg Brockman and others to join Microsoft

#981

Post by dehrmann »

throw310822 wrote: post #625
shubhamjain wrote: post #99

Have to give it to Satya. There's a thin possibility that Microsoft would have to write-off its whole $10B (or more?) investment in OpenAI, but that isn't Satya's focus. The focus is on what he can do next. Maybe, recruit the most formidable AI team in the world, removed from the shackles of an awkward non-profit owning a for-profit company? Give enough (cash) incentives and most of OpenAI employees would have no qua…

However it's a nice way to deal with the whole "open" AI issue: first you create a non-profit to create open AI systems; then when you hit a marketable success it turns into a "capped profit"; and finally, all the people from that capped profit leave en masse and transfer their acquired know how to a for-profit company.

> for-profit company

Slashdot literally used to call them M$

Re: Sam Altman, Greg Brockman and others to join Microsoft

#982

Post by rmason »

belter wrote: post #446
shubhamjain wrote: post #99

Have to give it to Satya. There's a thin possibility that Microsoft would have to write-off its whole $10B (or more?) investment in OpenAI, but that isn't Satya's focus. The focus is on what he can do next. Maybe, recruit the most formidable AI team in the world, removed from the shackles of an awkward non-profit owning a for-profit company? Give enough (cash) incentives and most of OpenAI employees would have no qua…

Remember when they did this? "Microsoft Buys Skype for $8.5 Billion" - https://www.wired.com/2011/05/microsoft-buys-skype-2/ To then write down their assets? "How Skype lost its crown to Zoom" - https://www.wired.co.uk/article/skype-coronavirus-pandemic Or when they did this ? Or how in 2014... "Microsoft buying Nokia's phone business in a $7.2 billion bid for its mobile future" - https://www.theverge.com/2013/9/2/46…

Except the founders weren't included in the Skype deal. Microsoft has OpenAI's two founders and they're highly motivated to show that OpenAI is nothing without them which in time it may soon be. I openly await when Sam and Greg ship a product in say two years time.

Meanwhile Microsoft wins if OpenAI stays dominant and wins even bigger if Sam and Greg prevail. Some day soon they may teach this story at Harvard Business School.

Re: Sam Altman, Greg Brockman and others to join Microsoft

#984

Post by schemescape »

belter wrote: post #446
shubhamjain wrote: post #99

Have to give it to Satya. There's a thin possibility that Microsoft would have to write-off its whole $10B (or more?) investment in OpenAI, but that isn't Satya's focus. The focus is on what he can do next. Maybe, recruit the most formidable AI team in the world, removed from the shackles of an awkward non-profit owning a for-profit company? Give enough (cash) incentives and most of OpenAI employees would have no qua…

Remember when they did this? "Microsoft Buys Skype for $8.5 Billion" - https://www.wired.com/2011/05/microsoft-buys-skype-2/ To then write down their assets? "How Skype lost its crown to Zoom" - https://www.wired.co.uk/article/skype-coronavirus-pandemic Or when they did this ? Or how in 2014... "Microsoft buying Nokia's phone business in a $7.2 billion bid for its mobile future" - https://www.theverge.com/2013/9/2/46…

Don't forget Microsoft buying aQuantive for $6 billion in 2007 and then taking a $6.2 billion dollar writedown 5 years later.

Re: Sam Altman, Greg Brockman and others to join Microsoft

#986

Post by pb7 »

soderfoo wrote: post #610
shubhamjain wrote: post #99

Have to give it to Satya. There's a thin possibility that Microsoft would have to write-off its whole $10B (or more?) investment in OpenAI, but that isn't Satya's focus. The focus is on what he can do next. Maybe, recruit the most formidable AI team in the world, removed from the shackles of an awkward non-profit owning a for-profit company? Give enough (cash) incentives and most of OpenAI employees would have no qua…

Agreed, Satya is a first rate executive, other than Gwynne Shotwell at SpaceX, I can't really think of anyone in the same league. There was a lot of discussion on HN the past few days regarding the importance (or lack thereof) of a CEO to an organization. It may be the case that most executives are interchangeable and attributing success to them is not merited, but in the case of the aforementioned, I think it is mer…

I would say given the stock's performance lately, Mark has been handling business pretty well.

Re: Sam Altman, Greg Brockman and others to join Microsoft

#987

Post by [deleted] »

belter wrote: post #446
shubhamjain wrote: post #99

Have to give it to Satya. There's a thin possibility that Microsoft would have to write-off its whole $10B (or more?) investment in OpenAI, but that isn't Satya's focus. The focus is on what he can do next. Maybe, recruit the most formidable AI team in the world, removed from the shackles of an awkward non-profit owning a for-profit company? Give enough (cash) incentives and most of OpenAI employees would have no qua…

Remember when they did this? "Microsoft Buys Skype for $8.5 Billion" - https://www.wired.com/2011/05/microsoft-buys-skype-2/ To then write down their assets? "How Skype lost its crown to Zoom" - https://www.wired.co.uk/article/skype-coronavirus-pandemic Or when they did this ? Or how in 2014... "Microsoft buying Nokia's phone business in a $7.2 billion bid for its mobile future" - https://www.theverge.com/2013/9/2/46…

[deleted]

Re: Sam Altman, Greg Brockman and others to join Microsoft

#988

Post by notyourwork »

belter wrote: post #446
shubhamjain wrote: post #99

Have to give it to Satya. There's a thin possibility that Microsoft would have to write-off its whole $10B (or more?) investment in OpenAI, but that isn't Satya's focus. The focus is on what he can do next. Maybe, recruit the most formidable AI team in the world, removed from the shackles of an awkward non-profit owning a for-profit company? Give enough (cash) incentives and most of OpenAI employees would have no qua…

Remember when they did this? "Microsoft Buys Skype for $8.5 Billion" - https://www.wired.com/2011/05/microsoft-buys-skype-2/ To then write down their assets? "How Skype lost its crown to Zoom" - https://www.wired.co.uk/article/skype-coronavirus-pandemic Or when they did this ? Or how in 2014... "Microsoft buying Nokia's phone business in a $7.2 billion bid for its mobile future" - https://www.theverge.com/2013/9/2/46…

Not every swing is going to be a home run. Billion dollar investments sound like a lot but not for companies of this size. They are small to medium sized bets.

Re: Sam Altman, Greg Brockman and others to join Microsoft

#990

Post by ayakang31415 »

anonyfox wrote: post #868

Seems like in the minority here, but for me this is looking like a win-win-win situation for now. 1. OpenAI just got bumped up to my top address to apply to (if I would have the skills of a scientist, I am only an engineer level), I want AGI to happen and can totally understand that the actual scientists don't really care for money or becoming a big company at all , this is more a burden than anything else for resear…

How does this separation help scientists at OpenAI if there is no money to fund the research? At the end of the day, you need funding to conduct research and I do not see if there is going to be any investors willing to put large sums of money just to make researchers happy.
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