On Friday, OpenAI’s board shocked investors and employees alike by firing CEO Sam Altman.
Marcus wrote about the situation on his Substack, sharing an analysis written by Fortune’s Jeremy Kahn earlier in the day.
In OpenAI’s unusual structure, a board “with no financial interest was supposed to look out for humanity,” Marcus wrote.
When faced with the potential financial repercussions of Altman’s removal, “the nominally subordinate for-profit (both employees and investors) quickly set to work to push out the board and to undo its decisions,” Marcus wrote.
Altman had told investors that if he did return to OpenAI, he wanted a new board and governance structure, according to the Wall Street Journal.
“The tail thus appears to have wagged the dog—potentially imperiling the original mission, if there was any substance at all to the Board’s concerns,” wrote Marcus.
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On Friday, OpenAI’s board shocked investors and employees alike by firing CEO Sam Altman.
Marcus wrote about the situation on his Substack, sharing an analysis written by Fortune’s Jeremy Kahn earlier in the day.
In OpenAI’s unusual structure, a board “with no financial interest was supposed to look out for humanity,” Marcus wrote.
When faced with the potential financial repercussions of Altman’s removal, “the nominally subordinate for-profit (both employees and investors) quickly set to work to push out the board and to undo its decisions,” Marcus wrote.
Altman had told investors that if he did return to OpenAI, he wanted a new board and governance structure, according to the Wall Street Journal.
“The tail thus appears to have wagged the dog—potentially imperiling the original mission, if there was any substance at all to the Board’s concerns,” wrote Marcus.
The original article contains 501 words, the summary contains 138 words. Saved 72%. I’m a bot and I’m open source!
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