Re:OpenAI investors keep pushing for Sam Altman’s return
by jacquesm on Tuesday November 21, 2023 @03:43PM
(#38369785)
Why not? An emission could be done and whoever has the right to buy could pick it up. End of story.
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Re:OpenAI investors keep pushing for Sam Altman’s return
by papercrane on Tuesday November 21, 2023 @03:54PM
(#38369950)
My understanding is the OpenAI holding company, which is controlled by the board of directors, owns 51% of the capped-profit company, with Microsoft owning the other 49%. There doesn't seem to be a scenario where Microsoft can buy a controlling interest without the boards approval.
Re:OpenAI investors keep pushing for Sam Altman’s return
by jacquesm on Tuesday November 21, 2023 @04:17PM
(#38370301)
Yes, hence the word 'settlement' in my original comment. As in: you ensure we get a controlling interest and we'll let you go quietly.
Re:OpenAI investors keep pushing for Sam Altman’s return
by croes on Wednesday November 22, 2023 @10:52AM
(#38380849)
MS doesn't have enough leverage to pull such move.
The board could decide to kill the company in MS not only loses a 10 billion invest but has to reconsider its whole artificial intelligence integration push.
Re:OpenAI investors keep pushing for Sam Altman’s return
by jacquesm on Thursday November 23, 2023 @11:13AM
(#38394332)
This comment didn't age well.
MS did have the leverage, and by offering jobs to 700 people at once they felt safe in their move to pressure the board in a way that I'm still quite impressed by. It's probably the most vivid example of the power of the workforce in the 21st century West.