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Finally a board that acts to benefit all humanity as the charter demands. VCs want billions so they will try anything starting with the nonsense of “do no harm”
by mw67 3y ago
Finally a board that acts to benefit all humanity as the charter demands. VCs want billions so they will try anything starting with the nonsense of “do no harm” priciple which has nothing to do with corporate governance. It is the Hippocrates oath taken by doctors. VCs are already cheating, expect more to come. They come from the ethic of move fast, break things, make billions and show no conscience about the masive harm done to all humanity. Let us see in detail how a greedy bunch will remove the fiduciaries of all humanity and make us all pay dearly for their privilege.
- TeMPOraL 3y ago> It is the Hippocrates oath taken by doctors. Which actually isn't. Some places use other oaths, more or less derived from the Hippocratic Oath, other places don't do it at all. But hardly anyone uses the OG oath itself.
- deleted 3y ago[deleted]
- paulddraper 3y agoHow does firing Altman benefit all humanity?
- zarzavat 3y agoBy putting the brakes on and allowing slower progress. Altman is clearly obsessed with making money to the exclusion of the organization’s goals.
- paulddraper 3y ago> Altman is clearly obsessed with making money He has zero equity. > the exclusion of the organization’s goals. What did Altman do to clearly exclude OpenAPI's goals?
- reducesuffering 3y agoI think some clarification of the Profit Participation Units owned by leadership in OpenAI is sorely needed. I'm fully expecting some sleight of hand that Altman has no traditional ownership "equity", but plenty of PPU that means he has shares of the profits, the $ portion of equity, and 1/6 the board, the ownership part of equity.
- nullptr_deref 3y agoOne thing became apparent from this drama. The goal of any person should not be collective good but a cult. It should rather be about establishing a religious gathering of the people and directing them to a place where you can print infinite money. Oh while you are making the cult or religion or whatever make sure you feed the bunch. This way everything and everyone will support you as you are the guiding force of that religion. As Godel said, you can't completely understand the system while you are part of the system. So this is my take from someone detached from the VC culture in general. Money is King. Who brings money is the true king. From this perspective, there is no significant difference between drug cartels (for ex. weed) and entrepreneurs. They both care about the people around them and can bring money. The only difference is how the story was framed. Now that cannabis is legal in some parts, what difference does it make? You can be a weed farmer/entrepreneur.
- threeseed 3y ago> From this perspective, there is no significant difference between drug cartels (for ex. weed) and entrepreneurs You should reconsider being on this site then if you think so little of entrepreneurs.
- nullptr_deref 3y agoWell I genuinely value them but celebrating them as a king? I haven't seen any big/famed entrepreneur (not the small/medium businesses entrepreneur, they are true heroes who society should actually value) who came from severely disadvantaged background (no connection, money, status) and make it through upto billions. Just because someone is born privileged doesn't mean they should be heralded like a king. That is all. Most of them have traces that goes back to social connection, high status, good education. Of course there will be some exceptions. But if we look at the general status of the population, most come from the "well-off" background. > You should reconsider being on this site then if you think so little of entrepreneurs. I put that example because psychologist have found that social media is even more addicting than drug like weed. And pure weed doesn't make your body addicted to it, it is just the psychological effect. Also, we have seen what social media did to the fabric of society.