"OpenAI Staff Threaten to Quit Unless Board Resigns"
"OpenAI Staff Threaten to Quit Unless Board Resigns"
It's the board for the non-profit which owns and controls the LLC, and none of the board members have equity in the non-profit.
This wasn't a board of investors/owners like for profit boards.
But ultimately this will only strenghten Microsoft's moat on AI, which is bad for everyone.
I mean.. what would it even mean to have equity in a non-profit?
Non-profits are organized fundamentally differently than for profit corporations.
If anything they should have had equity in the for-profit side of the company to ensure that their incentives were aligned, if that is even your point.
I think it brings up a very interesting test case for how this particular kind of ownership structure can fail. In another thread, it strikes the difference between authority and power, which I think was very clearly made here.
That all being said, it seems like things have taken a turn for the worse, and if anything, this board has set the mission of a truly open AI world even further back. There seem to be some real Luddites on the board who seem to think they'll some how be able to cram Pandora back in the box after it has well escaped control. If anything, the should swing the gate wide and at least open source the everything else so as to prevent Microsoft from having a complete monopoly on the future of AI (how things seem to be shaping up).
The kind of ownership is pretty normal across a wide range of industries, a lot of hospitals in the US operate with a similar structure, NGOs and "foundations," co-ops, independent regulators, etc. Whatever's happening in this case is remarkable but probably not because of how the board operates in this role specifically. We have to know why they fired him to know what's going on but that's unlikely. It could have been completely mundane but that doesn't matter now.
I'm a shareholder in a non-profit. Specifically, the Green Bay Packers. It basically means having a unique piece of team memorabilia.
Right idea, wrong application. We need this kind of solidarity for the workers. Pretty sure the CEO with hundreds of millions of dollars will be okay.
I'm more sympathetic with the (non-profit) board this time. Sam Altman feels like bad news to OpenAI, really. It's more like the workers rally behind Sam Altman because they can get fat paychecks and bail out once the enshittification intensifies.
I would even add...
I’ve never seen employees miss their CEO so much.
Right idea, wrong application. We need this kind of solidarity for the workers. Pretty sure the CEO with hundreds of millions of dollars will be okay.
They're not supporting him because they're worried about his finances. They're supporting him because they have faith in his leadership. If they didn't, they wouldn't care. Lots of CEOs are just empty suits, but Altman clearly has been doing something his workers liked.
Apparently he's been integral in the whole growth process, I had heard that he personally interviewed most folks that are currently part of the team.
I feel very stupid but isn't OpenAI in Microsoft's portfolio already? What's really at stake?
I wonder if the board asked ChatGPT if this was a good idea beforehand.
Surprised they are backing up a sister-fucker.
If he did the board would list that as a reason and be done with it. I haven’t seen any articles connecting those claims to his dismissal.
take a look at that structure.