4 ms·

This is not a serious BOD. This is going to the courts, and it couldn't happen any sooner.

by extheat 3y ago

dragonwriter 3y ago
Who do you imagine is going to sue, and on what basis?
- stravant 3y ago
  You really don't think someone involved can come up with something?
  - dllthomas 3y ago
    People can always come up with something, so you need more than that for an interesting prediction.
mupuff1234 3y ago
Who's gonna sue if there's no shareholders being that it's a non profit?
- deleted 3y ago
  [deleted]
- seanhunter 3y ago
  There are investors including sequoia, Tiger Global and Microsoft[1]. They may well have standing to sue. [1] Sorry - the full list is behind a paywall https://www.crunchbase.com/organization/openai/company_financials https://www.crunchbase.com/organization/openai/company_finan...
  - mupuff1234 3y ago
    I believe those are investor the in for-profit organization while the board is responsible for the non-profit org, and I believe the for-profit is bound to the mission of the non profit but not the other way around. But I'm sure someone here knows the legal structure better than I do, I just quickly skimmed over https://openai.com/our-structure https://openai.com/our-structure
    - seanhunter 3y ago
      That's why I said they may well have standing to sue. It's going to get messy if it goes there for sure.
- dorkwood 3y ago
  I thought they switched to a "capped profit" model, where investors are capped at a 100x return on investment.
jatins 3y ago
How do these decisions even happen? Does the board just say "Hey I know a guy, let me check if they are interested" Surely Emmett must be really capable but still seems a bit of wild card entry
- captainkrtek 3y ago
  If the board was trying to further erode trust in their decision making, doesn’t inspire confidence that all of this happened in the span of a weekend: - fired, CTO announced as interim CEO - wait, come back - never mind, oh and a new interim CEO
- 15457345234 3y ago
  One might assume that the board has known 'whatever they know' for quite some time, possibly discussed quietly behind the scenes, which includes them scouting out potential interim CEOs. Then when it becomes clear that negotiations won't solve the problem the board drops the hammer and lets the other side make their move. If they act professionally and like adults, well, maybe there's room for negotiation after all. If, on the other hand, they do weird childish shit, well... guess not. In with the new guy!
panarky 3y ago
Courts take years. This industry is changing far too fast for the legal calendar. By the time the lawsuits are resolved, it will all be irrelevant.

This is not a serious BOD. This is going to the courts, and it couldn't happen any sooner.

dragonwriter 3y ago

Who do you imagine is going to sue, and on what basis?

stravant 3y ago
You really don't think someone involved can come up with something?
- dllthomas 3y ago
  People can always come up with something, so you need more than that for an interesting prediction.

mupuff1234 3y ago

Who's gonna sue if there's no shareholders being that it's a non profit?

deleted 3y ago
[deleted]
seanhunter 3y ago
There are investors including sequoia, Tiger Global and Microsoft[1]. They may well have standing to sue. [1] Sorry - the full list is behind a paywall https://www.crunchbase.com/organization/openai/company_financials https://www.crunchbase.com/organization/openai/company_finan...
- mupuff1234 3y ago
  I believe those are investor the in for-profit organization while the board is responsible for the non-profit org, and I believe the for-profit is bound to the mission of the non profit but not the other way around. But I'm sure someone here knows the legal structure better than I do, I just quickly skimmed over https://openai.com/our-structure https://openai.com/our-structure
  - seanhunter 3y ago
    That's why I said they may well have standing to sue. It's going to get messy if it goes there for sure.
dorkwood 3y ago
I thought they switched to a "capped profit" model, where investors are capped at a 100x return on investment.

jatins 3y ago

How do these decisions even happen? Does the board just say "Hey I know a guy, let me check if they are interested" Surely Emmett must be really capable but still seems a bit of wild card entry

captainkrtek 3y ago
If the board was trying to further erode trust in their decision making, doesn’t inspire confidence that all of this happened in the span of a weekend: - fired, CTO announced as interim CEO - wait, come back - never mind, oh and a new interim CEO
15457345234 3y ago
One might assume that the board has known 'whatever they know' for quite some time, possibly discussed quietly behind the scenes, which includes them scouting out potential interim CEOs. Then when it becomes clear that negotiations won't solve the problem the board drops the hammer and lets the other side make their move. If they act professionally and like adults, well, maybe there's room for negotiation after all. If, on the other hand, they do weird childish shit, well... guess not. In with the new guy!

panarky 3y ago

Courts take years. This industry is changing far too fast for the legal calendar. By the time the lawsuits are resolved, it will all be irrelevant.