zlacker

>>andsoi+(OP)
I still cannot process what’s happened to one of the most prominent and hyped companies of the past year in just one weekend.

If it’s true that Altman won’t return to OpenAI (or alternatively: that the current board won’t step down) then where does that leave OpenAI? Microsoft can’t be happy, as evidenced by reporting that Nadella was acting as mediator to bring him back. Does OpenAI survive this?

Will be super interesting when all the details come out regarding the board’s decision making. I’m especially curious how the (former) CEO of Twitch gets nominated as interim CEO.

Finally, if Altman goes his own way, it’s clear the fervent support he’s getting will lead to massive funding. Combined with the reporting that he’s trying to create his own AI chips with Middle East funding, Altman has big ambitions for being fully self reliant to own the stack completely.

No idea what the future holds for any of the players here. Reality truly is stranger than fiction.

>>Techni+02
No, OpenAI will not survive as a company with more than one shareholder. At the end of the day, MSFT has a fiduciary duty to its own shareholders. MSFT has set certain expectations for its own financial performance based on its agreements with OpenAI and MSFT shares traded based on those expectations. Now OpenAI has sustained a hemorrhage of its leadership that negotiated those agreements, including a public admission by OpenAI of deception in their boardroom and private talk of a potential competitor involving employees. The only question is if OpenAI will capitulate or the lawyers and supply chain will be leveraged to compel their cooperation with protecting the MSFT shareholders. MSFT has deep enough pockets to retain all of the workers. One way or another, the IP and their ops are now the property of the bank, in this case MSFT shareholders. Let’s hope nobody goes to jail by resisting what is a standard cleanup operation at this point.

>>vaxman+ja
“Sorry, we are reporting a write down of $10 billion due to potential misrepresentations of commercial intent that occurred in our OpenAI portfolio.”

Things you will never hear Satya Nadella say. Way more likely he will coordinate to unify as much of their workers as he can to continue on as a subsidiary, with the rest left to go work something out with other players crazy/desperate enough to trust them.