Microsoft joins OpenAI’s board with Sam Altman officially back as CEO
Microsoft joins OpenAI’s board with Sam Altman officially back as CEO
www.theverge.com
Microsoft joins OpenAI’s board with Sam Altman officially back as CEO
38 comments
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Nothing good comes from criminal billionaires like Altman or Gates.
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People are still blaming Gates as if he didn't retire a few years ago.
Satya Nadella is currently the Microsoft CEO.
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Ha! Absolutely correct and also just to drive the point home, "a few years" means 15 years.
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This is the best summary I could come up with:
Microsoft is getting a non-voting observer seat on the nonprofit board that controls OpenAI as well, the company announced on Wednesday.
“I am extremely grateful for everyone’s hard work in an unclear and unprecedented situation, and I believe our resilience and spirit set us apart in the industry.
OpenAI adding Microsoft to the board as a “non-voting observer” means that the tech giant will have more visibility into the company’s inner workings but not have an official vote in big decisions.
Microsoft is a major investor in OpenAI, with a 49 percent stake in the for-profit entity that the nonprofit board controls.
That led to a big surprise when Altman was ousted, threatening what has quickly become one of the most important partnerships in tech.
In his memo to employees, Altman said that he harbors “zero ill will” towards Ilya Sutskever, OpenAI’s co-founder and chief scientist who initially participated in the board coup and changed his mind after nearly all of the company’s employees threatened to quit if Altman didn’t come back.
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38 comments
I don't know how it will eventually happen, but Microsoft is going to own everything open ai someday. They are playing the long game
Yeah this feels like some kind of coup
Embrace, Extend, Extinguish
My speculation is that they paid Sutskever a lot of money to go away and keep his mouth shut
They already do. Their licensing agreement with OpenAI is crazily favourable to them. They have basically unlimited rights to use OpenAI's tech forever, and have a claim on most of OpenAI's future profits.
right now they have a very favourable deal, but don't control the for-profit entity or the non-profit entity (officially) - which means all they can actually leverage is the tech that openai makes for their own uses.
and microsoft making things often just flops hard, look at what they are doing with it, your start menu talks to you now.
the goal is not to have a favourable deal, it's to grow shareholder value by owning openai in 6-7 years
Exactly what I was thinking.
That’s a hell of a “non-profit” to “mother of for-profit monopolists” transition. Obviously it had started years ago and this past few weeks was just the calamitous release of pent-up tension. But still, Microsoft of all companies.
Yeah, at this point, it feels like beating a dead horse, but somehow they're still doing Embrace-Extend-Extinguish...