Sam Altman is back as CEO of OpenAI after inking a deal to return to the company following immense pressure from employees and investors on the board that ousted him less than a week ago.
This is such a confusing and messy situation. There is definitely more going on that we dont know about. I already posted this in another thread but:
heres what I think could be going on:
tinfoil hat on
Some Microsoft bigwigs read the OpenAI foundation contract again and realise that they gave them a bunch of money but didnt get the nonprofit, and that they are now fully dependant on them, and that Altman is an experienced shark that knows this. They cant just buy the non-profit, the board would never agree. So they hatch a plan.
They get the lead researcher and a bunch of board members riled up against Altman, with a bunch of dirt they have on him. They tell them hes going to run off with the money and show some proof. The board decides to fire Altman. In the same breath but in another room microsoft hires altman, and promise all openAI employees employment at their new openAI bootleg. They then tell the board through the official channels, that they fucked up and need to resign.
Now, the situation was like this:
Either the board resigns, and microsoft gets to put some puppets in their place and complete buying openAI
The board doesnt resign, microsoft gets all their employees and the company in anything but name and openAI slowly fades in relevancy until Microsoft makes a generous offer of 150% above what they are worth(half of their price right now)
either way, microsoft wins.
so yeah, I think the next thing we are going to see is microsoft buying more openAI and getting actual control, or a complete buy.
Sadly, I think you’re absolutely right. This feels orchestrated in a way that allows a select few parties to look like visionaries, while eliminating others from getting in the way.
but thats exactly why they did it! They want to be majority shareholder to get the company under their control, and the board was likely against putting more shares on the market!
Here it says that just a month ago, there were rumors that they would do it, but then it didnt happen, so I believe altman wanted to but the board did not.
This is such a confusing and messy situation. There is definitely more going on that we dont know about. I already posted this in another thread but:
heres what I think could be going on:
tinfoil hat on
Some Microsoft bigwigs read the OpenAI foundation contract again and realise that they gave them a bunch of money but didnt get the nonprofit, and that they are now fully dependant on them, and that Altman is an experienced shark that knows this. They cant just buy the non-profit, the board would never agree. So they hatch a plan.
They get the lead researcher and a bunch of board members riled up against Altman, with a bunch of dirt they have on him. They tell them hes going to run off with the money and show some proof. The board decides to fire Altman. In the same breath but in another room microsoft hires altman, and promise all openAI employees employment at their new openAI bootleg. They then tell the board through the official channels, that they fucked up and need to resign.
Now, the situation was like this:
either way, microsoft wins.
so yeah, I think the next thing we are going to see is microsoft buying more openAI and getting actual control, or a complete buy.
Sadly, I think you’re absolutely right. This feels orchestrated in a way that allows a select few parties to look like visionaries, while eliminating others from getting in the way.
Sadly all that crazy seems totally possible with Microsoft involved.
Well yeah, Microsoft is very much in bed with OpenAI. It’s not a huge mystery to see how this is going to play out.
The only problem is that MS already owned 49% of openAi.
but thats exactly why they did it! They want to be majority shareholder to get the company under their control, and the board was likely against putting more shares on the market!
https://www.nytimes.com/2023/10/20/technology/openai-artifical-intelligence-value.html
Here it says that just a month ago, there were rumors that they would do it, but then it didnt happen, so I believe altman wanted to but the board did not.