this post was submitted on 22 Nov 2023
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Sam Altman Is Reinstated as OpenAI’s Chief Executive (www.nytimes.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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Sam Altman Is Reinstated as OpenAI’s Chief Executive::The move capped a chaotic five days at the artificial intelligence company.

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[–] scarabic@lemmy.world 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.