baking

9 ms·

91.
by baking 3y ago
I don't think you understand the concept of governance. This is not Tesla's board.
92.
by baking 3y ago
Well, in the whole brouhaha back in November many people pointed out that two women were forced off the board and replaced with two men.
93.
by baking 3y ago
>While the investigation cleared Altman to reclaim his board seat, he said he “did learn a lot from this experience,” expressing remorse for one incident in particular involving a board member he did not name. >That appeared to be a r
94.
by baking 3y ago
He was trying to convince one of the independent directors to resign, leaving him with a 3-2 majority on the board which would be illegal under California non-profit law.
95.
by baking 3y ago
He went from controlling three seats on a six-member board to having one seat "as CEO" of a seven-member board looking to add even more independent members. Also, he can't pull the "the board can fire me at any time&quo
96.
by baking 3y ago
I'm not seeing an "Altman plurality" on the new board.
97.
by baking 3y ago
This is a bizarre take. We hear nothing from the board. Obviously, they are waiting for the lawyers. Meanwhile, everyone else is leaking like crazy. It's a power play, but it appears defensive.
98.
by baking 3y ago
Reid Hoffman gave $10 million through his private foundation, Aphorism Foundation, in 2017 and 2018: https://apps.irs.gov/pub/epostcard/cor/464347021_201712_990P... https://apps.irs.gov/pub&#x
99.
by baking 3y ago
Nice work. The IRS proposed regulations in 2017 that contributions from DAFs should be treated as if they came directly from an individual donor, but they are still waiting on final regulations. https://www.irs.gov/pub&#x2F
100.
by baking 3y ago
I think I screwed up. It has been a while, but it looks like I misread Part II, Section B, Line 10 as $70 million, not $70,000. Let me check the previous years to see if I'm thinking of something else. Thanks for double-checking thi
101.
by baking 3y ago
https://web.archive.org/web/20240306022619/https://openai.co...
102.
by baking 3y ago
Probably didn't talk to a lawyer.
103.
by baking 3y ago
> Elon said we should announce an initial $1B funding commitment to OpenAI. In total, the non-profit has raised less than $45M from Elon and more than $90M from other donors. This is not reflected in their 990's. They claim $20 mil
104.
by baking 3y ago
OpenAI has received $60 million in donations throughout its existence. $40 million came straight from Musk and the other $20 million came from Open Philanthropy. Musk has said that he donated $50 million, so he may have given $10 million
105.
by baking 3y ago
Because the CEOs saw themselves as the head of a for-profit company while the board was governing a public charity. We've had this discussion before.
106.
by baking 3y ago
I assume you mean Exhibit 2, the email from Sam to Elon.
107.
by baking 3y ago
I don't understand why people refuse to see it. They had a nine-member board with three insiders but three independent directors resigned so they were split 3-3. The board was split on choosing new directors so they were at an impass
108.
by baking 3y ago
The new board will have to figure it out. Right now it's like a headless chicken.
109.
by baking 3y ago
https://www.youtube.com/watch?v=eFmDmk1Siqc
110.
by baking 3y ago
I don't think so. They are very different roles.
111.
by baking 3y ago
I don't know your situation, but my parents, who lived together, were considering assisted living. They got some advice that the cost of two people in assisted living was most likely more than the cost of a live-in caretaker (non-nurs
112.
by baking 3y ago
Best Buy always has a low-end unit for rental property. They usually last for a good long time. I have a 30-year-old fridge that I would seriously consider getting repaired if it ever stopped working before I would buy a replacement.
113.
by baking 3y ago
Always makes me think of this: https://u.osu.edu/unger.26/online-publications/chapter-3-of-...
114.
by baking 3y ago
I think it works better if you don't have a Samsung phone.
115.
by baking 3y ago
That has to depend on the outside temperature.
116.
by baking 3y ago
I think the reason lights are on a separate circuit is that you don't want the lights to go out when a circuit breaker trips. That may be in the code, but I'm not sure.
117.
by baking 3y ago
That's wild. I think we will eventually hear more of the story.
118.
by baking 3y ago
Yes, ideally you would have a succession plan and a statement reviewed by lawyers, but in this case, you had a deadlocked board that suddenly had a majority to act and did so in the moment. If they had waited, they would have probably lost
119.
by baking 3y ago
You obviously have no experience with non-profit governance. OpenAI is organized as a public charity which is required to have an independent board. Due to people leaving the board, they were down to six members, three independent directo
120.
by baking 3y ago
I'm having difficulty telling "+" and "÷" apart when the font gets small.

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