Mist
REEEEeyore
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Anyone who originally signed on to a non-profit to build safe AI is also not going to be a good fit at MSFT. They're literally another EA cult, like FTX:
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Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Mist
REEEEeyore
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The employee revolt makes a lot more sense now. These board shenanigans just fucked them all out of a windfall that would have set their great-grandchildren up in perpetuity. I'd set the place on fire on my way out, too.
"OpenAI employees were in the middle of a tender offer that was set to end at the beginning of December, in which Thrive Capital and potential others had offered to purchase their shares at an $86 billion valuation. The money has not yet been wired, and that deal is as good as dead without Altman back at OpenAI, meaning the employees have a lot to lose in the current Altman-to-Microsoft scenario too."
fortune.com
This shitshow is going to be on the top of the stack of HBS case studies of corporate governance failures for decades.
"OpenAI employees were in the middle of a tender offer that was set to end at the beginning of December, in which Thrive Capital and potential others had offered to purchase their shares at an $86 billion valuation. The money has not yet been wired, and that deal is as good as dead without Altman back at OpenAI, meaning the employees have a lot to lose in the current Altman-to-Microsoft scenario too."
The OpenAI saga isn't over—here's how Sam Altman could still return
Sam Altman just got hired by Microsoft. A lot of people with a lot of money on the line hope it's only temporary.
This shitshow is going to be on the top of the stack of HBS case studies of corporate governance failures for decades.
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Mist
REEEEeyore
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I doubt any of this is broadly applicable to other businesses, because OpenAI was never originally supposed to be a for-profit company. That makes it a pretty poor case-study, in terms of being able to generalize for other similar scenarios.
And who the fuck knows, AI might solve business in a decade or two, making this pointless to study other than for the lulz.
The Challenger explosion is a classic case study and NASA sure isn't representative of many for-profit businesses. The studies are about highlighting the power of human fallibility in the face of competing incentives. (Source: Haz MIT MBA)
Mist
REEEEeyore
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What I'm saying is that this maneuvering, no matter how lolworthy, isn't directly applicable to other corporate governance structures.
It may very well if it came down to philosophical differences in corporate direction and responsibility and how badly wrong the board was about where the functional power actually sat and what the consequences of rapid leadership replacement would be. I can tell you from firsthand experience that this is the kind of shit case study writers salivate over. My organizational behavior classes were full of stories like this.
Zog
Blackwing Lair Raider
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In real world news that actually matters, market is grinding higher with dollar grinding lower.
131% debt to gdp, interest eclipsing the deficit, I see no reason the dollar stabilizes.
Earnings don't mean shit to the macro environment. Puts are a trap and it breaks my heart.
Argentina converting to the dollar is like a drop in the bucket when it comes to the staggering amount of debt that needs to be bought on a routine basis. I don't know when or how but the bond market will eventually see a lack of demand and then shit hits the fan.
131% debt to gdp, interest eclipsing the deficit, I see no reason the dollar stabilizes.
Earnings don't mean shit to the macro environment. Puts are a trap and it breaks my heart.
Argentina converting to the dollar is like a drop in the bucket when it comes to the staggering amount of debt that needs to be bought on a routine basis. I don't know when or how but the bond market will eventually see a lack of demand and then shit hits the fan.
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Mist
REEEEeyore
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Mist
REEEEeyore
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lol power moves from Satya. RIP all these idealistic geeks who thought they were building something for the benefit of mankind.
Good chance OpenAI ends up basically destroyed. Some people will join the MSFT borg, but maybe not enough to unlock the next big leap.
This gives GOOG a huge window to catch up. Maybe even X.ai.
The future is competing corporations racing to build their own gods. William Gibson was right all along.
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Blazin
Creative Title
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Every stupid bull who bought yesterday after 1pm is getting their face melted, market down 0.30% I tried to warn everyone for months it was a bear market rally and the market would unlikely be green everyday like during a normal bull market.
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Big Phoenix
Pronouns: zie/zhem/zer
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The_Black_Log Foler
PalsCo CEO - Stock Pals | Pantheon Pals
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Any engineer would be dumb to take this guy at a match. Should be easy to negotiate a total comp increase as homie is coming off very thirsty.