Ilya has always seemed like he was idealistic and I’m guessing that he was the reason for OpenAI’s very strange structure. Ilya is the man when it comes to AI so people put up with his foolishness. Adam D'Angelo is, like Ilya, an amazing computer science talent who may have shared Ilya’s idealistic notions (in particular OpenAI is non-profit, unless forced to be capped profit and is categorically not in the business of making money or selling itself to MSFT or any entity). “Helen” and “Tasha” are comically out of their depth and are loony toons, and simply decided at some time ago to follow Ilya.
Sam got the call from MSFT to sell, MSFT really ponied up (300B ?). The inference costs for OpenAI are/were staggering and they needed to sell (or get a large influx of capital which was in the works). This ran counter to Ilya’s idealistic notions. Sam attempted to negotiate with Ilya and the loony toons, a vote was called and they lost, hard.
I think this tracks with all the data we have.
There are a couple of other scenarios that track given OpenAI’s comically poor board composition, but I think the one above is the most plausible.
If this did happen then OpenAI is in for a hard future. Imagine you worked at OpenAI and you just found out that your shares could have been worth a tremendous amount and now their future is, at best, uncertain. There will be some true believers who won;t care but many (most?) will be appalled.
Let this be a lesson, don’t have a wacky ownership structure and wacky board when you have the (perhaps) the most valuable product in the world.
I don't think this is as damning as you think.
I truly believe, especially in this space, there are enough idealists to fill the seats. The reality for a lot of people could quite literally be:
* My shares become massively valuable via some unlikely non-profit to for-profit means. I have generational wealth, but all of my friends and colleagues still need to work. Someone else will create something better and screw the entire world over.
* I work for a non-profit that's creating the most radical, life changing software for all people. Being a non-profit means this company can focus on being the best thing possible for humanity. While I may still have to work, I will be working in a world where everything is happier and more properous.