this post was submitted on 21 Nov 2023
126 points (95.7% liked)
Technology
60076 readers
3290 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I was wondering, too, what's going to happen to the billions that M$ (and others) have sponsored.
It is serious money in the hands of - as we learned now - "incompetent and ill-meaning" board inmates.
I don't get people who say things like this. The board in question isn't part of the "for profit" part of OpenAI - they don't have any obligations at all to make the company profitable or to protect the investors money. They're the board of a non-profit who spun of a part of the company explicitly for the purpose of raising money without being accountable to investors.
Microsoft and all the other investors knew that before they gave them their money.
The board is very very stubborn because they apparently would rather see OpenAI shutdown rather than let Altman run it, but they're not ill meaning. They're following their corporate charter.
I don't know that. I've been quoting from the letter from nearly all their employees that we all could read here.
How do you know better? :-)
If all goes well, Microsoft will essentially get all the brains from OpenAI for $0 while still maintaining their investment in OpenAI, which means when OpenAI folds Microsoft can probably grab all their data (source code, model weights, training data, etc).