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>- Microsoft strengthened its power despite not appearing involved in the drama Depending on what you mean by "the drama", Microsoft was very clearly involved.
by amalcon 3y ago
>- Microsoft strengthened its power despite not appearing involved in the drama
Depending on what you mean by "the drama", Microsoft was very clearly involved. They don't appear to have been in the loop prior to Altman's firing, but they literally offered jobs to everyone who left in solidarity with same. Do we really think things like that were not intended to change people's minds?
- FirmwareBurner 3y ago>but they literally offered jobs to everyone who left in solidarity with same Offering people jobs is neither illegal nor immoral, no? And wasn't HN also firmly on the side of abolishing non-competes and non-soliciting from employment contracts to facilitate freedom of employment movement and increase industry wages in the process? Well then, there's your freedom of employment in action. Why be unhappy about it? I don't get it.
- spankalee 3y ago> Offering people jobs is neither illegal nor immoral The comment you responded to made neither of those claims, just that they were "involved".
- notahacker 3y agoI'm pretty sure there's a middle ground between recruiters for Microsoft should be banned from approaching other companies' staff to fill roles and Microsoft should be able to dictate decisions made by other companies' boards by publicly announcing that unless they change track it will attempt to hire every single one of their employees to newly created roles. Funnily enough a bit like there's a middle ground between Microsoft should not be allowed to create browsers or have license agreements and Microsoft should be allowed to dictate bundling decisions made by hardware vendors to control access to the Internet It's not freedom of employment when funnily enough those jobs aren't actually available to any AI researchers not working for an organisation Microsoft is trying to control.
- malfist 3y agoThe GP looks to me like an AI summary. Which would fit with the hallucination that microsoft wasn't involved.
- chankstein38 3y agoThat's a good callout. I was reading over it and confused who this person was and why they were summarizing but yeah they might've just told ChatGPT to summarize the events of what happened.
- gcanyon 3y agoI’d go further than just saying “they were involved” —- by offering jobs to everyone who wanted to come with Altman, they were effectively offering to acquire OpenAI, which is worth ~$100B, for (checks notes) zero dollars.
- breadwinner 3y agoYou mean zero additional dollars. They already gave (checks notes) $13 Billion dollars and own half of the company.
- rvnx 3y ago+ according to the rumors on Bloomberg.com / CNBC: The investment is refundable and has high priority: Microsoft has a priority to receive 75% of the profit generated until the 10B USD have been paid back + (checks notes) in addition (!) OpenAI has to spend back the money in Microsoft Cloud Services (where Microsoft takes a cut as well).
- gsuuon 3y agoHow has the valuation of OpenAI increased by $20B since this weekend? I feel like every time I see that number it goes up by $10B.
- tacoooooooo 3y agoyou're off by a bit, the announcement of Sam returning as CEO actually increased OpenAI valuation to $110B last night
- sebzim4500 3y ago$110B? Where are you getting this valuation of $120B?
- theptip 3y agoIf the existing packages are worth more than MSFT pay AI researchers (they are, by a lot) then it’s not acquiring OAI for $0. Plausibly it could cost in the $B to buy put every single equity holder, at a $80B+ valuation. Still a good deal, but your accounting is off.