zlacker

>>convex+(OP)
This is escalating rather quickly. It is an incredibly irresponsible move by the OpenAI board. Hypergrowing company, and now they managed to shake up their user's trust in leadership stability. This has Adam's (D'Angelo) fingerprints all over it (for context, he did overthrow his co-founder, and Quora has been struggling ever since). This guy shouldn't sit on any board ever again.

I predict the board will be fired, and Sam and the team will return and try to contain the situation.

>>mirzap+0g
Who fires the board at a 501.3c?

>>chasd0+wi
They resign under public pressure, I guess?

>>mirzap+Gk
Why would they if they are advancing the goals of the non-profit and Altman was endangering that goal?

>>Raston+Sp
Hahaha "advancing the goals of non profit" right after making billions.

All of a sudden their amnesia stopped huh?

Hypocrites and virtue signallers, the whole board.

>>jdthed+6x
I mean, the board doesn't have equity and the for-profit subsidiary is profit capped

>>Raston+gy
They still stand to benefit personally, do they not?

>>jdthed+By
By what mechanism? 3/4ths the remaining board have no financial interests in OpenAI.

>>cthalu+zB
Personal/moral: "Championing" non-profit after reaping the fruits of massive commercial success

Monetary: Promotions and payouts (now or future)? Equity is not the only way

>>jdthed+jC
Is it a massive commercial success? They have received significant funding, and likely have high revenue, but is it profitable? Is it in a position to be profitable? We're not in the world of companies getting decades of runway from VCs anymore, between concerns around a recession (justified or not), higher interest rates, etc.

There's rapidly becoming more and more competitors in this space, as well. OpenAI has a significant first-mover advantage, but I don't know that it is insurmountable, and I doubt investors are confident that it is either. That means they're even less likely to have infinite runway.

So I'm not sure there's personal/moral success at this point in the story for the board to begin with.

Monetary - 3/4ths the board is independent. They are not actually employed by OpenAI. There's nothing to promote them to, and nothing in the charter of the non-profit that would give them payouts.