Startup Updates

https://www.bloomberg.com/news/articles/2023-11-18/openai-board-being-pressed-by-some-investors-to-reinstate-altman?srnd=premium

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Seems to be a step in the right direction at least for the company. The backlash the decision has faced is immense

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In my opinion, be it good or bad, a decision is made by the board. It wouldn’t look good for the board to reverse it.

But I think Microsoft may be able to pull it off though.

“Satya Nadella, the CEO of Microsoft, a major OpenAI partner, was reportedly “furious” to learn of Altman’s departure “minutes” after it happened, and has been in touch with Altman — and pledged to support him — as OpenAI backers recruit Microsoft’s aid in exerting pressure on the board to reverse course. Meanwhile, some key venture capital backers of OpenAI are said to be contemplating a lawsuit against the board; none, including Khosla Ventures and LinkedIn co-founder Reid Hoffman, a former OpenAI board member, were given advance notice of the decision to fire Altman.”

I believe the current board would be replaced.

  1. Greg has also resigned 2) Satya leading the negotiations 3) Andrej stated, “Board had a chance to explain…and they didn’t” ----> indicating a) a breakdown in communication between the board and key employees and b) they may be leaving. 4) Sama was at HQ with a guest pass.

All in all too interesting to miss

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Also read the tweet again of sama “i love you all” = “ilya”; and now read the words below “ilya”…

Guess, the current board has stuck to its guns -

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This is crazy! Inspite of so much pressure they are sticking to their decisions, this can go south real quick!

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It’s payback time

Now OpenAi will become huge poaching ground. It’s going on that Musk will pick up Ilya for xAI.

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The men have done quite a right things to earn this support from their team.

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Both kiwi & Scapia fundraisers mention addition of new banking partners.

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It’s low, just look next year. There revenue is gonna shot up like hell because of the debit card on the virtual card as well as the physical card. And then the year after that it will be less because many people will close their jupiter account after knowing about the virtual card charges.

There are charges?