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1. mirzap+(OP)[view] [source] 2023-11-18 10:11:24
They resign under public pressure, I guess?
replies(1): >>Raston+c5
2. Raston+c5[view] [source] 2023-11-18 10:53:52
>>mirzap+(OP)
Why would they if they are advancing the goals of the non-profit and Altman was endangering that goal?
replies(1): >>jdthed+qc
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3. jdthed+qc[view] [source] [discussion] 2023-11-18 11:49:58
>>Raston+c5
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.

replies(2): >>Raston+Ad >>coffee+xV
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4. Raston+Ad[view] [source] [discussion] 2023-11-18 11:58:41
>>jdthed+qc
I mean, the board doesn't have equity and the for-profit subsidiary is profit capped
replies(1): >>jdthed+Vd
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5. jdthed+Vd[view] [source] [discussion] 2023-11-18 12:01:19
>>Raston+Ad
They still stand to benefit personally, do they not?
replies(1): >>cthalu+Tg
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6. cthalu+Tg[view] [source] [discussion] 2023-11-18 12:20:26
>>jdthed+Vd
By what mechanism? 3/4ths the remaining board have no financial interests in OpenAI.
replies(1): >>jdthed+Dh
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7. jdthed+Dh[view] [source] [discussion] 2023-11-18 12:24:56
>>cthalu+Tg
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

replies(1): >>cthalu+wH
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8. cthalu+wH[view] [source] [discussion] 2023-11-18 15:03:09
>>jdthed+Dh
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.

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9. coffee+xV[view] [source] [discussion] 2023-11-18 16:26:58
>>jdthed+qc
They do need billions to train the next generation models though
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