this post was submitted on 22 Nov 2023
77 points (87.4% liked)

Technology

60027 readers
3613 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago
MODERATORS
L3s
[email protected]
[email protected]
L4s
enu
77
Sam Altman Is Reinstated as OpenAI’s Chief Executive (www.nytimes.com)
submitted 1 year ago by L4s to c/technology
22 comments fedilink hide all child comments
 

Sam Altman Is Reinstated as OpenAI’s Chief Executive::The move capped a chaotic five days at the artificial intelligence company.

you are viewing a single comment's thread
view the rest of the comments
[–] scarabic 3 points 1 year ago

Sam Altman was already CEO of the for-profit arm of OpenAI. The non-profit arm, OpenAI, Inc. had a controlling 51% of shares. So I’m not sure what you mean when you say:

Sam and lots of the rest of the employees were generally trying to move toward a for-profit model.

They were already a for-profit company. What we saw this week is that the non-profit board may have had a 51% controlling share in the stock, but that’s the only control they had, and it was totally on paper. Without the employees of their for-profit arm, and apparently without Altman, the non-profit arm has exactly jack shit, as the entire world now plainly sees.