• guitarsarereal@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    3
    ·
    1 year ago

    I’m not sure if I’d call this an investor win. More or less 90% of the company threatened to leave. It made sense on their part to do whatever it took to get him back. Anyways, looks like he stopped for a couple seconds to think about how smart it really was to join Microsoft.

    • Iceblade@lemmy.world
      link
      fedilink
      English
      arrow-up
      5
      ·
      1 year ago

      The “Private investor” in this case is Microsoft, which “graciously” offered to bring all the staff into their own new AI project. This is 100% an investor (a.k.a microsoft) win.

      • guitarsarereal@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        1
        ·
        edit-2
        1 year ago

        Well, kind of. It’s a bad look for MS to be so heavily invested in such a dumpster fire of a corporation, so it’s okay for them it got resolved, but they would have won out more if Altman had joined them. It was the other investors, including a number of employees, who would have really lost out if the company had just collapsed in on itself like it immediately started doing. This got resolved sort of against MS’s best interests.

        So, sure, investor win. But MS more or less lost this one.

        I generally agree that it’s unlikely the non-profit structure is going to do its job here, I’ve seen something like it more or less work on a smaller scale with things that are less intensely of interest to the entire capitalist class, although I have no idea what kind of regulations we’d end up with considering how many oligopolists are involved.

    • aardA
      link
      fedilink
      English
      arrow-up
      1
      ·
      1 year ago

      It’s hard to tell from the outside - but at the beginning it mainly looked like pressure from the investors. I wouldn’t be surprised if there’d been a lot of activity from them behind the scenes, and the “90% leaving” part wasn’t really “standing up for Altman”, but more “follow the money”, with investors possibly pressuring employees in various ways.