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by sebzim4500 938 days ago
I think everyone assumed this was an aquihire without the "aqui-" but this is the first time I've seen it explicitly stated.
2 comments

hostile takeunder?
Love it. Could also be called a hostile giveover, considering the OpenAI board gifted this opportunity to Microsoft
That's perfect.
You win
will they stay though? what happens to their OAI options?
Will their OAI options be worth anything if the implosion continues?
yeah but threatening to quit is actually accelerating the implosion
I don’t believe startups can have successful exits without extraordinary leadership (which the current board can never find). The people quitting are simply jumping off a sinking ship.
What will happen to their newly granted msft shares? One can be sold _today_ and might be worth a lot more soon…
MSFT RSUs actually have value as opposed to OpenAI’s Profit Participation Units (PPU).

https://www.levels.fyi/blog/openai-compensation.html

https://images.openai.com/blob/142770fb-3df2-45d9-9ee3-7aa06...