zlacker

[return to "Altman was raising billions from Middle East sovereign funds for AI chip startup"]
1. medler+E6[view] [source] 2023-11-18 20:58:36
>>A_Duck+(OP)
This article appears to be their source: https://archive.ph/wQOhC

> Alongside rifts over strategy, board members also contended with Altman’s entrepreneurial ambitions. Altman has been looking to raise tens of billions of dollars from Middle Eastern sovereign wealth funds to create an AI chip startup to compete with processors made by Nvidia Corp., according to a person with knowledge of the investment proposal. Altman was courting SoftBank Group Corp. chairman Masayoshi Son for a multibillion-dollar investment in a new company to make AI-oriented hardware in partnership with former Apple designer Jony Ive. Sutskever and his allies on the OpenAI board chafed at Altman’s efforts to raise funds off of OpenAI’s name, and they harbored concerns that the new businesses might not share the same governance model as OpenAI, the person said.

◧◩
2. ren_en+uo[view] [source] 2023-11-18 22:41:42
>>medler+E6
this is why I never bought the "he has no equity in OpenAI, he's got no incentive to go against their charter". There were always plenty of ways for him to make a lot of money without direct equity, Microsoft could have gifted him some shares as part of their agreement to the OpenAI partnership. And now you have stuff like this. Wouldn't be surprised if he wanted to get fired so he could start his own thing and poach OpenAI talent while looking like the good guy
[go to top]