this post was submitted on 21 Nov 2023
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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).