this post was submitted on 18 Nov 2023
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Seems like Microsoft’s Satya is furious, and who can blame him? They invested so much in OpenAI and then the board does this sneaky change, regardless of the reasons, is shocking they didn’t communicate with Microsoft… If this article is accurate I bet they will have a much harder time securing funding, no one wants to invest in turmoil and uncertainty.
MS can only blame themselves not doing the minimum research into the governing structure.
Also MS literally just spent 70B on a video game publisher. I don’t think they care that much.
I mean you can be furious about less profits but really this wasn't that much of a risky move for MS. Most of the money they gave them is literally to pay MS for compute. And then they apparently take most of OpenAI earnings until payd back or something. That's pretty different from actually giving someone 10B and your money is gone if they go down the drain before getting out of the red numbers.
Seems a miss from Microsoft's lawyers if they didn't check out how the board and company was organized before making such a large investment.
And at this point, there are plenty of companies that would jump at the chance to invest/get a controlling interest in OpenAI (and obviously they'd ask for a board seat at the very least) -- Google, Apple, even Meta.
Good reminder to not add a couple of nobodies to your board. Lol.
That part made me smile. It is a pretty good news that MS is not in control of OpenAI.
And if it turns out that this drama really happened out of safety concern rather than personal profits or ego, I would like people to take a step back and realize how great of a news as to where we are as a society.
This is probably great for Microsoft. Their investment got them low level code access and rights, but OpenAI competed with them for AI services. With OpenAI going more towards non-profit, and Sam now being hire-able, Microsoft may have inadvertently acquired the entire business portion of OpenAI.
Let the whole saga play out. Microsoft hasn't even played a card yet.
Then they should be furious with Sutskever for wanting to slow things down. Slowing things down is not in the best interest of their shareholders. Sutskever needs to go, now and Sam Altman should be reinstated. Bring on the singularity.
Prior to the ousting, this was Microsoft's dream...a path to rapid customer and product commercialization, market dominance and leadership, with billions of dollars at stake...
and the board threw it all out the window in a single moment by putting on the breaks.
I understand the caution, it was probably the right move, but from Microsoft's point of view., in terms of potential, in the long run it may cost them billions. This is gotta hurt especially since they were blindsided.
That board is fucked. You don't bite the hand that feeds you...
Elon Musk's ears are burning right now.
How is Twitter actually doing? In terms of userbase now v then
Duck that and duck Microsoft. The board was fully correct not to consult or inform Microsoft.