zlacker

>>aarond+(OP)
> Microsoft, which has invested billions in OpenAI, learned that OpenAI was ousting CEO Sam Altman just a minute before the news was shared with the world, according to a person familiar with the situation.

Well this probably disproves the theory that it was a power grab by Microsoft. It didn’t make too much sense anyway since they already have access to tech behind GPT and Microsoft doesn’t necessarily need the clout behind the OpenAI brand.

>>speedy+e3
The "coup by MSFT" conspiracy theory made no sense. Microsoft has an insanely good deal with OpenAI:

    * Exclusive access to resell OpenAI's technology and keep nearly all of that revenue for themselves, both cloud and services
    * Receive 75% of OpenAI's profits up to $1 trillion

All they had to do is not rock the boat and let the golden goose keep laying eggs. A massive disruption like this, so soon after DevDay would not fit that strategy.

My guess at this point is financial malfeasance, either failing to present a deal to the board or OpenAI has been in financial straits and he was covering it up.

>>aduffy+08
OpenAI shouldn't even be making a profit, as it's a 501(c)3 charity. The whole umbrella for-profit corp they formed when they became popular should be illegal, and is clearly immoral.

>>IAmNot+Ra
You have it backwards, the not for profit entity owns the for profit entity. From Wikipedia:

> OpenAI is an American artificial intelligence (AI) organization consisting of the non-profit OpenAI, Inc.[4] registered in Delaware and its for-profit subsidiary corporation OpenAI Global, LLC.[5]

IKEA [0] and Rolex [1] are structured in a similar manner, although different since they’re not US based.

[0] https://en.m.wikipedia.org/wiki/Stichting_INGKA_Foundation

[1] https://en.m.wikipedia.org/wiki/Hans_Wilsdorf#Hans_Wilsdorf_...

>>quickt+Ih
Sounds perverse somehow.

>>Sosh10+Rm
It's literally the exact corporate structure of Mozilla.

>>bastaw+xs
And Bosch, more or less:

> Robert Bosch GmbH, including its wholly owned subsidiaries, is unusual in that it is an extremely large, privately owned corporation that is almost entirely (92%) owned by a charitable foundation. Thus, while most of the profits are invested back into the corporation to build for the future and sustain growth, nearly all of the profits distributed to shareholders are devoted to humanitarian causes.

> [...] Bosch invests 9% of its revenue on research and development, nearly double the industry average of 4.7%.

(Source: Wikipedia)

I always considered this a wonderful idea for a tech giant.

>>sho_hn+jF
And IKEA

>>gumby+0G
Rolex too, believe it or not.