The move capped a chaotic five days at the artificial intelligence company.

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

  • scarabic@lemmy.worldEnglish
    31·
    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.