4 ms·

This person said there was no one precipitating incident but rather a mounting loss of trust over communications with Altman. This is the worst possible respon

This person said there was no one precipitating incident but rather a mounting loss of trust over communications with Altman. This is the worst possible response. They tanked MS’ stock price for this? MS will have their heads.

timeon 3y ago
Are they owned by MS?
- polygamous_bat 3y ago
  Unfortunately, MS is not known for being the world champion in fair play, and this isn’t going to be the first time they try to sink others’ ships to hide their own incompetence (in this case, putting $10BN in a weird “capped profit” entity without understanding what may come of it.)
  - edgyquant 3y ago
    Yeah okay. People who, for some reason, simp for Sam Altman are expecting Microsoft to be their knight in shining armor who punishes the bad board for doing the right thing. Microsoft isn’t going to do shit but throw a little hissy fit over their obvious power play (which they staked the future of their company and resurgence of their brand on) going south. They have no legal recourse and OpenAI has brand recognition and market enthusiasm to weather any shit storm MS tried to throw at them. So no, if anything this is gonna bring attention to the Microsoft CEO from his own board wondering why exactly he put them in a position to look bad and lose shareholder value without actual ownership of this company.
    - chasd00 3y ago
      > throw a little hissy fit over their obvious power play Time will tell. I think some people just remember the depths Microsoft has descended to in the past as SOP let alone in response to a group of ideologues putting their stock price at risk.
      - polygamous_bat 3y ago
        Yes exactly, maybe I am cynical but I do not expect Microsoft to say “Ah I guess it is my fault and legally I can’t do much here” and give up. They did not get to where they are without dirty tactics.
  - deleted 3y ago
    [deleted]
- chasd00 3y ago
  I said this in another thread, coming between MS, their money, and a chance to kneecap Google on what looks like to be the HotNewThing(tm) is not a good place to be in. It's been a while since the power, treachery, lethality and general sadistic nature of MS has been on full display, watch and learn.
polygamous_bat 3y ago
That’s the reading I am getting: MS lawyers really screwed up this one. What kind of lawyer worth their salt would let the company put $10BN on an investment on “capped profit” where you’re supposed to treat “investments as donations”? The more I read about it the more I keep thinking what the lawyers must have been on to not make more noise about this earlier.
kjreact 3y ago
MSFT down 1.67% and another 0.97% after hours is hardly considered tanking the stock. I’d call that a regular Friday…

timeon 3y ago

Are they owned by MS?

polygamous_bat 3y ago
Unfortunately, MS is not known for being the world champion in fair play, and this isn’t going to be the first time they try to sink others’ ships to hide their own incompetence (in this case, putting $10BN in a weird “capped profit” entity without understanding what may come of it.)
- edgyquant 3y ago
  Yeah okay. People who, for some reason, simp for Sam Altman are expecting Microsoft to be their knight in shining armor who punishes the bad board for doing the right thing. Microsoft isn’t going to do shit but throw a little hissy fit over their obvious power play (which they staked the future of their company and resurgence of their brand on) going south. They have no legal recourse and OpenAI has brand recognition and market enthusiasm to weather any shit storm MS tried to throw at them. So no, if anything this is gonna bring attention to the Microsoft CEO from his own board wondering why exactly he put them in a position to look bad and lose shareholder value without actual ownership of this company.
  - chasd00 3y ago
    > throw a little hissy fit over their obvious power play Time will tell. I think some people just remember the depths Microsoft has descended to in the past as SOP let alone in response to a group of ideologues putting their stock price at risk.
    - polygamous_bat 3y ago
      Yes exactly, maybe I am cynical but I do not expect Microsoft to say “Ah I guess it is my fault and legally I can’t do much here” and give up. They did not get to where they are without dirty tactics.
- deleted 3y ago
  [deleted]
chasd00 3y ago
I said this in another thread, coming between MS, their money, and a chance to kneecap Google on what looks like to be the HotNewThing(tm) is not a good place to be in. It's been a while since the power, treachery, lethality and general sadistic nature of MS has been on full display, watch and learn.

polygamous_bat 3y ago

That’s the reading I am getting: MS lawyers really screwed up this one. What kind of lawyer worth their salt would let the company put $10BN on an investment on “capped profit” where you’re supposed to treat “investments as donations”? The more I read about it the more I keep thinking what the lawyers must have been on to not make more noise about this earlier.

kjreact 3y ago

MSFT down 1.67% and another 0.97% after hours is hardly considered tanking the stock. I’d call that a regular Friday…