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by Ilverin 933 days ago
Openai employees had extreme leverage because they were (or at least appeared, by the number of signatures on the letter) united. They could just leave for another company (Microsoft or other) where they would not be at all controlled by AI safety people.

Openai investors had only the leverage of "we won't invest more and you're running an operating loss", they did not actually have a case in court. The investment contract they signed stated "view your investment as a donation" and "this investment confers no fiduciary duties from the board".

The board had the leverage of "you employees and investors value your stock holdings, and if the company fails, those stock holdings to to zero".

The resolution I think was (could be wrong) just to initially reduce the size of the board to three. So it isn't completely guaranteed which side won the battle for control: it's not impossible that the AI safety people might still control the board. Maybe one or both of the new board members is secretly convinced by the AI safety movement.

The battle for public opinion is a different battle, and it looks extremely likely that the AI safety people lost that battle. Maybe it was still worth it for them, if they did in fact win or at least stalemate the battle for control of openai.