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Latest Situation Update
21 Nov 2023
The latest news confirms that Microsoft's deal with Sam is not finalized, and it is Sam himself who is trying to return to become the CEO of OpenAI.
20 พ.ย. 2023 #3
- Microsoft will support the resources needed to get the job done.
- While also saying that he is ready to work with OpenAI to get Emmett Shear , the new CEO who is the former CEO of Twitch.
- Satya tweeted to welcome Sam as CEO of the new group (probably a separate company) because he understands that Founders believe that corporate culture and autonomy encourage innovation rather than being an internal Microsoft entity.
The incident turned around again. When Satya Nadella, CEO of Microsoft, tweeted that Sam Altman, Greg Brockman, the three resigned researchers, and other teams (likely following Sam's lead) have joined Microsoft to lead the team on advanced AI research.
- It is interesting to see what the future holds for OpenAI. When there are many important keymen, there may be another big wave of brain drain problems. The direction of management should change from focusing on business to focusing on research.
20 พ.ย. 2023 #2
- Ilya Sutskever refused to bring in Twitch Co-founder Emmett Shear as interim CEO.
- As for Acting CEO Mira Murati, this has been CEO for less than 3 days. Someone has replaced him.
- Mira Murati, the acting CEO at Sam's side, is trying to lure Sam and Greg back into other roles at OpenAI instead.
20 พ.ย. 2023 #1
- Sam Altman appeared at OpenAI's office with the support of Microsoft's big brother Satya Nadella, who led the negotiations himself, along with other investors such as Thrive Capital, the second largest shareholder, Tiger Global, Khosla Ventures, and Sequoia Capital.
- The conclusion is that this board must resign completely. After the appointment of a new board to officially replace the
- 1 New to the list of board members is Bret Taylor, former Co-CEO of Salesforces, former Chairman of Twitter, and now the board of Shopify.
- But Sam has not yet agreed whether he will return as CEO.
- Sources say that one of the main reasons Sam was fired was to raise funds of more than $100 million. Softbank's Masayoshin Son and a group of investors from the Middle East to create a microchip manufacturing company that will compete with NVIDIA and TSMC.
- Meanwhile, Sam himself invests in clean energy companies through nuclear fission. With hundreds of millions of dollars in private investment, the name Helion Energy and Oklo
- Helion Energy has just won a power purchase contract from Microsoft for more than 50 megawatts. In 2028
- Oklo is preparing to go public in 2024.
- OpenAI's board sees it as a conflict of interest, both working outside and using the reputation of OpenAI's CEO to benefit the business in which he invests.
19 Nov 2023
- OpenAI employees gather The deadline for the OpenAI board to appoint Sam Altman to return as CEO and resign from the board is by 5 p.m. today.
- Otherwise, the procession will be lifted. Resigned from the entire company to join a new company with Sam after 3 key senior researchers resigned.
- OpenAI's founders and investors gather Pressure the board to make a reverse decision and consider yourself instead.
- It is said that Satya Nadella, the CEO of Microsoft, is the one who supports Sam and puts pressure on the board.
- Sam will return as CEO. Without Ilya Sutskever who holds both the board and the Chief Scientist of OpenAI,
The same was on Friday, Nov. 17.
It is news that shocked the world, which is more than interested in people in the technology and AI industry, is the news of Sam Altman, co-founder and CEO of OpenAI, the creator of ChatGPT, who was fired by the board of directors.
Many people compare this story to the time when Steve Jobs, the co-founder of Apple Inc., was fired from his own company by the board of directors.
Jobs returned to Apple a few years later to salvage the company's woes and create product legends such as the iPod, iPhone and iPad, transforming Apple from its lowest point to the world's most valuable company.
This article will compile various stories, including facts, rumor Comment on Sam Altman's dismissal case.
On November 6, 2023, OpenAI just held a super event. For developers, it's called OpenAI DevDay.
That day, Sam Altman gave a keynote speech and launched a new feature of ChatGPT, which caused ripples around the world and continued to be a hot trend in the technology industry.
But on Saturday, November 18, a world shock occurred. When the board of directors or the board of OpenAI announced the dismissal of Sam Altman in a flash of interest. The kind that he didn't know before.
The reason stated by the Board of Directors is that Sam does not show honesty in communicating with the Board regularly, which makes the Board unable to fully perform its duties.
"Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities. The board no longer has confidence in his ability to continue leading OpenAI."
OpenAI announces the appointment of Mira Murati, who currently serves as Chief Technology Officer (CTO), as CEO on an interim basis, and will continue to recruit the right person to replace her.
(ChatGPT has not yet acted as CEO in place of Sam)
People are all confused about what exactly happened to the people who molded OpenAI until ChatGPT came out and were fired.
This story quickly became a hot trend on X/Twitter.
Sam Altman tweeted a message like saying goodbye.
Alex Cohen, the person who made the slides for Sam to the presentation board, was unknowingly fired with Sam, resulting in Slack and Gmail being locked out immediately, and he ended up looking for a new job on Investor Relations (IR).
15 minutes later, Cohen tweeted: I got a new job (15 minutes 55 unemployed)
Alex also noted that one of the slides he made for Sam to meet with the board was the Turnaround to grow into a Hockey Stick, which he shouldn't have included in this slide.
Later, Greg Brockman, one of the co-founders and president of OpenAI, tweeted that he had also resigned from OpenAI, following Sam.
There are also 3 other senior researchers who resigned at the same time:
- Jakub Pachocki (GPT 4 lead is the one who successfully led the team to create GPT)
- Aleksander Madry (Head of AI risk, a former MIT Machine Learning professor invited by Sam to OpenAI)
- Szymon Sidor (ตำแหน่ง Open-source researcher)
Tweet about the dismissal from Greg Brockman (President and Co-founder)
- The night before the incident, Sam received a message from Ilya asking for a conversation at noon on Friday, Sam went to a Google Meet with all the boards except Greg and Ilya informed that Sam had been fired as CEO of OpenAI.
- Later, at around 12:19 p.m., Greg received a message from Ilya asking for a quick conversation, and Ilya sent a link to Google Meet at 12:23 p.m. Along with publishing this information on OpenAI's blog.
- After that, the other executives were informed of the matter later, except for Mira, who had known about it since the night before.
- Greg concluded, "Don't worry about us. We are okay, thank you for all the encouragement. Soon, something big will happen.
After the operation to sack Sam Altman as CEO, OpenAI published a blog post titled: " OpenAI's announcement of a leadership transition ”
The reaction of the tech world and the community to AI
- There are many rumors in the Twitter/x world, including joining the team of Google, X.AI, Anthropic, and Microsoft.
- Concerns about OpenAI's direction from now on, focusing on making profits, focusing on creating AI that is safe to use, etc.
- Finding someone to replace Sam as CEO should not be easy.
- The reasons and doubts in this change, including governance in administration. Professionalism and internal politics
- What is the cause of the conflict between Sam and the board, and who is the management behind it?
- Microsoft itself was shocked by this incident, as a major shareholder of OpenAI Global LLC., but was unaware of the board's decision (although Microsoft holds a majority stake, it has no position on the board).
- Microsoft's stock price immediately fell 2% after the news of Sam's layoff.
- Some people have questioned whether it is possible that Microsoft has something behind this, is it possible that the major shareholders did not know about this in advance?
- If Sam and Greg go out to start a new AI company, how will it affect OpenAI?
Unverified & Unconfirmed
The cause of the conflict between Sam and the board
- Sam differed on the direction of OpenAI, with Sam focusing on growth with ChatGPT, but the board wanted to focus on AGI research.
- Security issues with new language models like GPT4-Turbo and new features like Custom GPTs due to over-accelerated development. Someone needs to be responsible for this, so Sam becomes a scapegoat.
- Breakthrough innovations such as AGI have been discovered (which is expected to be many years from now).
Tweet of Sam Altman, who is interpreted as a hint.
- There are many people interpreting the sentence. “i love you all.” Is it like a hint that Sam is referring to "Ilya Sutskever", the co-founder of OpenAI and the position of Chief Scientist, who is one of the directors of the company, who conspired with the OpenAI board in the operation to fire Sam Altman.
- There are also people who wonder if Mira Murati, who took over as acting CEO instead of Sam, has any involvement.
Sam Altman tweeted that he loves everyone at OpenAI.
- Acting CEO Mira Murati answered in the shape of a heart. So netizens saw this as a sign that she was on Sam's side.
AGI หรือ Artificial general intelligence คืออะไร
- AGI is an AI that has the ability to think near humans. Can think. Learn, understand, and apply various abilities to solve problems like humans can without having to instruct them.
- The emergence of AGI will accelerate the evolution of various aspects of the world, such as advanced science, treatment of serious and complex diseases, Solving the world's complex problems such as climate change and working on behalf of people.
- The risk and concern of AGI is the misuse of AI, both legally and ethically. AI control is not what it is.
Influential people in the tech world encouraged Sam and praised him for his achievements with OpenAI.
Eric Schmidt
Sam is like a hero in his own right, who built a company from nothing to a $90 billion company. Thank you Sam for doing it for all of us.
Satya Nadella (CEO ของ Microsoft)
- Satya, who recently hosted Microsoft's major event Ignite 2023 and showcased a lot of great AI talents, said that Microsoft has a long-term partnership agreement to access OpenAI's technology, and that will continue under the leadership of Mira Murati and her team.
- Sources say that behind the scenes, Satya is very dissatisfied with OpenAI, including Sam's dismissal as CEO, sudden foresight, and internal political problems of the company.
- previously There are people who suspect that Microsoft is behind this and want to make OpenAI cheap, like they did with Nokia (which I think is a bit too much).
OpenAI Facts
OpenAI was founded in 2015 and has the following main founders:
- Sam Altman, who left his position as chairman of Y Combinator, went full steam ahead
- Greg Brockman, the current president who recently left along with Sam (who was one of the key players in the founding of OpenAI).
- Elon Musk, who later left because he did not agree with the direction and wanted to control OpenAI alone, could manage it decisively, but the bid was lost, so he came out to make AI in his own way with a company called X.AI Corp (there was a product that had just come out. Grok)
- Reid Hoffman, the founder of Linkedin, used to be on the board of OpenAI, but has now retired to compete in a company called Inflection AI with Mustafa Suleyman, co-founder of DeepMind.
- Jessica Livingston (wife of Paul Graham, founder of Y Combinator and herself runs YC with Sam, while Paul doesn't do it anymore)
- Peter Thiel, one of Silicon Valley's influencers (co-founder of PayPal with Elon Musk) and co-founder of the Founders Fund, has invested more in OpenAI Series E.
Sam Altman was the first CEO, and he was on the board with Elon Musk at the time.
OpenAI's Structure
- In the early days of OpenAI's founding in 2015, the funds used for various operations came from donations, and focused on AI research to develop safe AI and aim to generate AGI.
- However, the donation was not enough, so it had to be restructured in 2019.
- In 2019, OpenAI was restructured into two entities to separate profits and non-profits.
- OpenAI For-profit is called OpenAI Global LLC. (where all the funds raised will go to this entity) and is a company model that uses a structure called "Capped Profit" that focuses on sustainability and does not focus on maximizing profits like ordinary companies.
- OpenAI For-profit is governed by the policies and all activities of OpenAI Non-profit.
- Most of the boards or boards of OpenAI Non-profit are independent. I don't hold any shares.
- What OpenAI For-profit has is the right to commercialize various technologies, but the patent holder (Intellectual Property: IP) will be OpenAI Non-profit.
- If AGI technology is successfully invented, OpenAI For-profit will not be eligible for commercial use.
- Although Microsoft has invested tens of billions of dollars in OpenAI, it does not have any representation on the board and does not have any control over it to maintain its independence.
According to OpenAI's own web data, https://openai.com/our-structure
OpenAI Profit and Reward
- OpenAI designs special rewards for employees and executives because it starts with non-profit.
- The return will not be stocks, but stay. In the form of so-called Profit Participation Units (PPUs), it is the division of future profits.
- แต่ไม่มี ownership และ voting right ในตัวบริษัท OpenAI Global LLC.
- The capped return is not more than 10 times the original value, with a vesting period of 4 years.
- The value beyond that will be sent to OpenAI Non-profit.
Sam Altman doesn't have a single % direct stake in OpenAI For-profit.
- Sam refused to accept any shares in OpenAI For-profit at first because he was already rich and showed the employees that he did not do it for money, but because he really wanted to do it.
- Sam may have very few partners as Y Combinator invests in OpenAI For-profit (Sam is one of the major shareholders of Y Combinator).
- It became a concern for investors because they were afraid that Sam would not be able to work fully because he did not have a shareholder interest.
- Since then, Sam Altman has no voting rights and is the CEO of OpenAI Global LLC. Not a shareholder.
The 4 boards that fired Sam from the CEO are:
- Adam D'Angelo (this is the CEO of Quora)
- Tasha McCauley
- Ilya Sutskever (Co-founder & Chief Scientist of OpenAI) - This person who is under suspicion and is accused of being behind Sam's dismissal.
- Helen Toner
How rich is Sam Altman?
- Sam got rich by selling his own startup, Loopt, in 2012 (which he sold for $43.3 million at the time) and investing in Reddit, Airbnb, Asana, Instacart, Stripe, and more.
- Sam's wealth is estimated to be around $500 million.
- Sam owns a $27 million home. in San Francisco.
- Sam invested $375 million in a nuclear power company Helion Energy and another $180 million in Retro Biosciences.
- Sam also invests in an energy company called Oklo, which is set to go public in 2024.
- In short, he got rich from investing in clean energy and nuclear energy businesses (no OpenAI shares at all, no problem).
Introducing other interesting newsletters in the group
Sources cited
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