OpenAI destroyed itself in a single weekend

[Mave]

Let me sum it up here:

• Microsoft owned 49% of OpenAI and invested a few billion dollars.
• However they had zero control of the company, making the investment look dodgy
• Then, in one on the most significant business blunders in history.... The OpenAI board gave Microsoft a gift.
• The OpeanAI CEO, and 670 loyal employees who will follow their CEO. (670 of the 770 employees want to follow their CEO)
• Microsoft now has OpenAI in-house for $0 incremental OpenAI investment.

Hundreds of OpenAI employees threaten to follow Altman to Microsoft unless board resigns

Hundreds of OpenAI employees have signed a letter demanding the board resign or face an employee exodus to Altman's new venture at Microsoft.

www.cnbc.com

 

[Stybar]

And now Altman is back as CEO at OpenAI, and the board is being remade, without the members who wanted him out in the first place.

Man, C-level politics is really something else, huh?

 

[Mave]

And now Altman is back as CEO at OpenAI, and the board is being remade, without the members who wanted him out in the first place.

Man, C-level politics is really something else, huh?

What a rollercoaster that was.