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by goldinfra
939 days ago
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It's completely ignorant to discount all organizational leaders based on your extremely limited personal experience. Thousands of years of history proves the difference between successful leaders and unsuccessful leaders. Sam Altman has been an objectively successful leader of OpenAI. Everyone has their flaws, and I'm more of a Sam Altman hater than a fan, but even I have to admit he led OpenAI to great success. He didn't do most of the actual work but he did create the company and he did lead it to where it is today. Personally, If I had stock in OpenAI I'd be selling it right now. The odds of someone else doing as good a job is low. And the odds of him out-competing OpenAI is high. |
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I'm not sure this is actually the case, even ignoring the non-profit charter and the for-profit being beholden to it.
We know that OpenAI has been the talk of the town, we know that there is quite a bit of revenue, and that Microsoft invested heavily. What we don't know is if the strategy being pursued ever had any chance of being profitable.
Decades-long runways with hope that there is a point where profitability will come and at a level where all the investment was worth it is a pretty common operating strategy for the type of company Altman has worked with and invested in, but it is less clear to me that this is viable for this sort of setup, or perhaps at all - money isn't nearly as cheap as it was a decade ago.
What makes a for-profit startup successful isn't necessarily what makes a for-profit LLC with an operating agreement that makes it beholden to the charter of a non-profit parent organization successful.