We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D’Angelo.
We are collaborating to figure out the details. Thank you so much for your patience through this.
Seems like the person running the simulation had enough and loaded the earlier quicksave.
I think most people don’t realize how unusual their company structure is. It feels like it’s set up to let them do exactly that. As far as I can tell, once you look past the smoke and mirrors, the board effectively controls both the non-profit and the for-profit.
I think the outcome of the last few days is that the nonprofit board controls nothing and serves at the pleasure of the for-profit company’s investors.
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This article does not make clear whether or not the new board will remain committed to its non-profit position.
I presume that’s what this whole sordid affair is all about, but no one is saying it.
I think most people don’t realize how unusual their company structure is. It feels like it’s set up to let them do exactly that. As far as I can tell, once you look past the smoke and mirrors, the board effectively controls both the non-profit and the for-profit.
I think the outcome of the last few days is that the nonprofit board controls nothing and serves at the pleasure of the for-profit company’s investors.