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swalkergibson

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swalkergibson
·3 anni fa·discuss
Nothing happens in a vacuum.

Professional boards of directors are supposed to be attentive to the risks to the organization as a whole, regardless of whatever weird ass governance structure exists.

Blowing out your CEO on a Friday afternoon and then accusing him of lying is not the way to do this, and they are likely to find out why come Monday morning at about 9:30AM Eastern.
swalkergibson
·3 anni fa·discuss
I would venture to say that it is a near certainty that those researchers who left Google originally to work for OpenAI are going to be wanting to head right back there.
swalkergibson
·3 anni fa·discuss
Their relationship with MSFT is now effectively over.

They will remain aboard for as long as it takes to find a suitable replacement.
swalkergibson
·3 anni fa·discuss
Microsoft has spent the past 12 months absolutely PUMPING their share price talking about AI on every single earnings call.

Now that is over, and Google has taken the lead now that Microsoft crashed into the wall.
swalkergibson
·3 anni fa·discuss
OpenAI is not far ahead of Google. In fact, they are within reasonable distance.

Although now Google is the undisputed leader, given that Microsoft does not have the internal resources to maintain this thing.
swalkergibson
·3 anni fa·discuss
You make such announcements outside of trading hours, and you damn sure don't imply that he was lying about something.
swalkergibson
·3 anni fa·discuss
And now I expect that we see this "board" dissolved.

Frankly, as it should. If you are going to take $10B from another organization and you nuke the CEO during market hours and then later it turns out that it was just an ordinary disagreement, then you should answer for that action.

On a Friday, no less. This is actually the kind of thing that can sink MSFT's apparent "first mover" advantage in the eyes of big money. OpenAI is now fractured, and whatever work they were going to be doing on tech is now going to be devoted to figuring out WTF to do with this mess the board just created all by themselves for no apparent reason.
swalkergibson
·3 anni fa·discuss
MSFT dropped over 1% in two minutes, and Monday is almost certainly going to feature more selling.

If I am Vanguard, I am on the phone right now with Satya telling him to get control of this shitshow of a BOD before it nukes my positions.
swalkergibson
·3 anni fa·discuss
This was my reaction as well. If a competent doctor had prescribed her medication and she took herself off of it without medical supervision, I think it is pretty reasonable to condition money on going back on medication (or at least going back to medical supervision). Many people who have family members struggling with mental health concerns take this approach.