shmatt

We went from OAI employees flaunting “$1,000,000 per year salaries” to the New York Times to “what equity?” Really fast

This isn’t personally against you but they never had the $1M/year they flaunted when Sam the savior was their CEO

I will admit I haven’t seen an OAI contract, but have seen articles and multiple Levels.fyi posts for about $600k equity/year (worth $0 right now obviously)

So any idea how that translates into the profit sharing? They have no profit right now. Curious how employees get to that number

I can’t believe people are cheerleading this move

* Tigris is DOA - If because it would piss off the MSFT board but mostly because the SEC would arrest Sam assuming he’s an officer at MSFT. He could maybe be a passive investor, but that’s it

* People really think many Open Ai employees will give up their equity to get whatever mediocre stock grant their level at Microsoft has? And 1% raises, no bonus some years, and the board forced headcount reductions?

* Sam has even less power with the board, and the board in a 3 trillion dollar corporation would be even more risk averse than the OpenAI one

* there was a ton of fan fiction yesterday online about Satya forcing a move on the board. This was never really a thing. He made one of the worst investments in the history of SV in terms of keeping power to make sure your money is used correctly. $10B for 0 votes or any power to change votes

Exactly. If new Altman AI company is the next big thing, then Astral AI is the next trillion dollar company

Easier said than done

Could have been on a WorldCoin zoom though

And the funniest part is OpenAI has been refusing to hire remotely. That’s their right, but I wonder how many office days a week Sam was there with all of his other shenanigans

OpenAI CEO Sam Altman says the remote work ‘experiment’ was a mistake—and ‘it’s over’

https://fortune.com/2023/05/05/openai-ceo-sam-altman-remote-...

Tell me more, Person with 7 jobs, about how all work needs to be done from the office

Then the board essentially owns the company, if I understand your comment correctly. So it’s like if Yann LeCun says he’ll come back to Meta once Zuck sells all his shares

This makes no sense. People are calling what the board did a coup, but Altman is trying (failing?) to stage a coup.

The board was Altmans boss - this is pretty much their only job. Altman knew this and most likely ignored any questions or concerns of theirs thinking he is the unfireable superstar

Imagine if your boss fired you - and your response was - I’ll come back if you quit! Yeah, no. People might confuse status with those of actual ceo shareholders like zuck, bezos, or musk. But Altman is just another employee

The shareholders can fire the board, but that’s not what he’s asking for. And so far we haven’t heard anything about them getting fired. So mostly this just seems like an egomaniac employee who thinks he is the company (while appropriating the work of some really really smart data scientists)

But did that start yesterday? Sam knew who his bosses were. Managing up is an important thing unless you think the company is all about you

How is this a coup? The board is the CEOs boss. If that’s not true then they should have chosen a different corporate structure

Sounds like they were the perfect fit in the pre GPT-3, ChatGPT, DALL-E world

Honestly I don’t understand the drama around 2 executives who have not done any transformer research or whatever will come after transformers

The GenAI world will be fine without the ceo of cryptoballs or whatever his other company is

So supergroup AI tech leaders announce new company raising $1B pre seed at $7B valuation Monday?

How often would ChatGPT hit the exact API you expect with the exact request you need in 1 shot. People I know will still very often try 5 prompts before they get what they wanted from LLMs, that doesn't work in a Siri world (or its just as frustrating)

Wouldn't you expect to pay a premium over someone who is home and heavily involved in the sale? If your service was worth 3%, maybe a regular one is worth 1%

imagine someone bumping into you and the battery gets slightly dislodged, your $700 does-95%-less-than-an-iphone device has now shattered on the floor

Then they actually profited, and didnt lose $700k

>The person who ordered the item would get to keep the product and receive a refund

Everyone seems to be ignoring this part. Retailers have adopted a new "just keep it" return policy[1]. Which is pretty obviously causing this fraud. "Item never arrived" can be fixed by adding $1 to the shipping label to force a signature

With no bad intent - about 80% of my Target returns are "just keep it", about 10% for Walmart and 0% for Amazon. But I have neighbors with about 50% on Amazon. No idea how the algorithms work but perhaps these groups have also figured that part out.

Stop the "just keep it", require some sort of security on delivery (lock box, signature) and this problem disappears overnight

[1]https://www.cnn.com/2022/06/26/business/retail-returns/index...

The investors will only get their 1000x if OpenAI can convince people its risk free to use. So they'll happily cover the legal battle to prove it or spent every last company penny trying

Not challenging peoples capabilities doesn't scale well. Did you ever hire someone with 0 interviews, just because they work for another good company? Then why do that after M&A?

Its not unusual for the force cuts to be done via interviews at the new company

I have to wonder, for the average HN commenter, does your team have a net positive cash result on your employer. Because statistically speaking it has to be less than 50%

Big tech is like a giant VC fund. You have one part, maybe not even that huge, thats printing money, the rest beg SVPs for funding once a year and hope for the best, future gambles that no one expects to generate revenue immediately

* Marketplace is the defacto place to buy/sell locally

* Groups are about 1000x better in quality and organic posts than Reddit

KLM profits: about 1 Billion Euro per year

HappyFox (Twitter integration into customer support tickets) $40-$100 per user per month

Twitter: Unprofitable

Maybe this wasn't sustainable all along, even pre-Musk implosion. Everyone was making money except Twitter. Yet they were completely dependent on Twitter

The same reason Apple started the fake "out of focus background" on non DSLR phone cameras. It makes people feel like its better

I remember a Windows Blackcomb demo from 2003 that had features as subscriptions. So you got it exactly right with 20 Years

Cue Senator Winfrey

I wrote a similar comment yesterday but worth noting again. This isn't the usual group of MBAs looking for a quick buck. These are the people who have come in from ironSource. A company who has made billions by attaching malware in disguise to personal computers[1]. Executives who green lit projects like mentioned in this post really don't care about their users, its all about maximizing profits while stepping on everyone else

[1] https://www.benedelman.org/news-021815/

I think we need to decide on its meaning first. Most people these days use it as a death mark. Except the original op-ed often quoted used Meta, Uber, TikTok and Google - companies who make billions of clean profit per quarter, and more profits than they ever have, as examples

Enshitification = more profits is unfortunately correct in my mind, but most people use it with a much different meaning. I don't think Unity is going to break all profit records soon

I don't know how much people know or have heard about ironSource. It's kind of an open secret in Israel on how they built a company to profit by building what is essentially malware (installers disguised as OEM while they're really adding extra trackers to your computer). They always paid 25% more than most of the other tech companies, but still had issues recruiting because it takes a special kind of person to be willing to do these kinds of things

I didn't really understand the merger when it happened, but I have no doubt all these new policies are a result of the ironSource people integrating into Unity

Claude is bad at code and great at everything else, I thought that was pretty common knowledge by now. I second OP where I prefer using it over OpenAI models these days

Another company founded by ex-Israeli intelligence.

The funny thing about exploits is, once hundreds of employees or soldiers have access to the exploit, they don't need to physically copy the code. They just need to understand how it works, to then open 10 other companies that use the same exploit, or sell it to 20 other companies on the dark web.

Although the IDF is great at stopping people from copying files outside of their networks, it can't stop people from remembering what they did during their service