this post was submitted on 30 Nov 2023
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This is the best summary I could come up with:
Microsoft is getting a non-voting observer seat on the nonprofit board that controls OpenAI as well, the company announced on Wednesday.
“I am extremely grateful for everyone’s hard work in an unclear and unprecedented situation, and I believe our resilience and spirit set us apart in the industry.
OpenAI adding Microsoft to the board as a “non-voting observer” means that the tech giant will have more visibility into the company’s inner workings but not have an official vote in big decisions.
Microsoft is a major investor in OpenAI, with a 49 percent stake in the for-profit entity that the nonprofit board controls.
That led to a big surprise when Altman was ousted, threatening what has quickly become one of the most important partnerships in tech.
In his memo to employees, Altman said that he harbors “zero ill will” towards Ilya Sutskever, OpenAI’s co-founder and chief scientist who initially participated in the board coup and changed his mind after nearly all of the company’s employees threatened to quit if Altman didn’t come back.
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