How Did OpenAI Go So Badly Wrong?

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  • čas přidán 13. 06. 2024
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    OpenAI is falling apart, and Sam Altman finds himself in the middle of it all. In the space of 5 days, Altman was fired as CEO, 95% of the company's employees threatened to quit, Altman was hired by Satya Nadella at Microsoft, 3/4 bard members stepped down, and Altman was reinstated. How on earth is the maker of ChatGPT (and one of the world's most important AI companies) running into so much chaos?
    ★ ★ NEW MONEY EDUCATION ★ ★
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    ★ ★ CONTENTS ★ ★
    0:00 The Unbelievable Collapse of OpenAI
    2:05 Sam Altman Gets Fired
    3:08 The Employees Turn on the Board
    4:54 The Board Gets Dissolved
    7:00 A Ridiculous Board Structure
    10:26 The Path Forward
    Brandon van der Kolk is authorised to provide general financial product advice in Australia and is an Authorised Representative (Number 1305795) of Guideway Financial Services Pty Ltd, AFSL Number 420367. Any advice is general & does not consider your financial situation, needs or objectives so consider whether it's appropriate for you. Read Brandon's Financial Services Guide available from guideway.com.au/NewMoney.pdf. Past performance is not a reliable indicator of future investment returns.
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Komentáře • 87

  • @NewMoneyYouTube
    @NewMoneyYouTube  Před 6 měsíci +7

    Thanks to NordVPN for sponsoring this video! Get an exclusive deal on a 2 year plan here: nordvpn.com/newmoney
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  • @connorferguson2269
    @connorferguson2269 Před 6 měsíci +11

    the reason the board was structured like this was to prevent companies from stick their noses where it doesn't belong but sadly it seems egos went unchecked and ruined everything.

  • @PokerStylez
    @PokerStylez Před 6 měsíci +12

    Correction: the board had 6 people in it and 4 members voted to remove Sam Altman.

  • @jamesblackburn6139
    @jamesblackburn6139 Před 6 měsíci +8

    I had to listen to two CZcams ads and then two ads within this video, it feels too much

    • @wholeNwon
      @wholeNwon Před 6 měsíci

      YT offers 2 mo. sans ads free.

    • @ExilSvensk
      @ExilSvensk Před 6 měsíci +1

      Brave browser solves that problem

  • @RelaxationRefugium
    @RelaxationRefugium Před 6 měsíci +17

    Thank you for explaining the situation at OpenAI in a straight forward and simple way.

  • @UX_Andrew84
    @UX_Andrew84 Před 6 měsíci +4

    Sam Altman and Greg Brockman were also on the Board - 6 people in total.
    Altman was ousted, Brockman resigned in protest.
    For 5 days things changed often hour to hour, there were rumors (even in Washington Post) about the situation - some still not verified.

  • @Turdfergusen382
    @Turdfergusen382 Před 6 měsíci +14

    Good for those workers for collectivizing on their needs.

    • @wholeNwon
      @wholeNwon Před 6 měsíci

      Almost like a labor union, right?

    • @Turdfergusen382
      @Turdfergusen382 Před 6 měsíci +1

      @@wholeNwon all for them my friend. How’s about a labor party to go along with this movement

  • @TheDeltaboss
    @TheDeltaboss Před 6 měsíci +9

    No mention of Q* and the board's concern? I know New Money is capable of better DD.

  • @TJR82
    @TJR82 Před 6 měsíci +3

    You have way too much selling of everything nowadays.

  • @RyanSanders-kz6wb
    @RyanSanders-kz6wb Před 6 měsíci +7

    RIP Charles T. Munger.

  • @farhadfarajov8030
    @farhadfarajov8030 Před 6 měsíci +6

    In general I like your vids, but it seems like you haven't got this right. Try to search and understand the safety concerns of the previous board on this technology, then things will make much more sense. And, I believe whatever happened, happened for the good. Now it will be way more focus on creating a safe AGI "for the good of the humanity".

    • @videosuperfast
      @videosuperfast Před 6 měsíci +2

      @NewMoneyCZcams got this one very wrong

  • @Pat.Mustard
    @Pat.Mustard Před 6 měsíci +2

    This toxic backstabbing and double dealing happens every day in academia.

  • @ChrisDeJack
    @ChrisDeJack Před 6 měsíci +1

    Part of the info in this video is incorrect, the board actually had 6 peoples and included Sam and Brockman. After the firing only the four board members that voted to fire Altman remained.

  • @piotrc3718
    @piotrc3718 Před 4 měsíci

    Really useful. Thank you for that summary

  • @hammerfist8763
    @hammerfist8763 Před 6 měsíci +1

    The board structure wasn't the main problem in this case. It was lack of integrity, incompetence, and severe conflicts of interest.

    • @NewMoneyYouTube
      @NewMoneyYouTube  Před 6 měsíci

      How so? Keen to hear you insights! :)

    • @hammerfist8763
      @hammerfist8763 Před 6 měsíci

      @@NewMoneyCZcams A tender offer of ~80 billion was rescinded when Altman was fired. ~10 billion in Microsoft funding was compromised, as well. The board lied about why they fired him, because they basically accused him of lying to them, without proof. Then backtracked on it. So, they fired him without providing a good reason, slandered him in the process and cost the company billions on paper. The US Attorney's office started sniffing around, because when a company loses (even potentially) 90+ billion it smells bad. Former OpenAI board member McCauley is CEO of Fellow Robots. ChatGPT is a direct competitor to several of Fellow Robots' offerings and services. Former board member Toner assisted CSET/NCC (China's state cybersecurity and technology department) and provided critical analysis to them, encouraging faster AI development (for China). At OpenAI she was doing the opposite and trying to slow them (and Western AI development) down. This is all in the public domain.

  • @MonkeyLaughing101
    @MonkeyLaughing101 Před 6 měsíci +14

    I think you almost completely ignored the power grab by Microsoft. The company is supposed to benefit all of humanity but Microsoft seems to increasingly become the biggest beneficiary.

    • @NewMoneyYouTube
      @NewMoneyYouTube  Před 6 měsíci +4

      Spoke about that at the 3-4 minute mark :)

    • @endangeredcreator5050
      @endangeredcreator5050 Před 6 měsíci

      OpenAi can't be non profit they have to make money for the huge need of GPU and cloud to just begin with. That's were Microsoft come into picture

    • @adamgray4768
      @adamgray4768 Před 6 měsíci

      Did you even watch the video

  • @Scapester1
    @Scapester1 Před 6 měsíci +1

    Communication problems sounds a lot like Sam discovered something new and did not share his findings with everyone.

  • @tdrm
    @tdrm Před 6 měsíci +2

    So much of this video is emphasizing how crazy it was that the board was only 4 people. But it wasn't, it was 6 people. It's just that 4 out of 6 is the majority vote.

    • @andthefunkybunch1466
      @andthefunkybunch1466 Před 6 měsíci +1

      Sounds like New Money stepping outside their circle of competence

  • @zakewalkthroughz5082
    @zakewalkthroughz5082 Před 6 měsíci +4

    This is the act of the centre, very movie worthy

    • @NewMoneyYouTube
      @NewMoneyYouTube  Před 6 měsíci +1

      I think you're right! I'm sure they'll turn it into a movie eventually... and I will watch it. 😂

  • @cc-dtv
    @cc-dtv Před 6 měsíci +1

    oh damn munger and kissinger bother kicked the buffet? I was starting to think munger was immortal, he was surprisingly cognizant for his age

  • @wholeNwon
    @wholeNwon Před 6 měsíci

    Subsidiary is actually pronounced as it is spelled. There is one; there ARE four, etc. No prepositions at the ends of sentences unless you're a street hood or a commodities trader.

  • @sHrEsThOo
    @sHrEsThOo Před 6 měsíci

    Would appreciate if you keep all the sponsorship ads either at the start of the video or at the end, please don't put it in the middle of the video

  • @mikecole1664
    @mikecole1664 Před 6 měsíci +1

    It’s a win for everyone except the 3 board members imo.

    • @wholeNwon
      @wholeNwon Před 6 měsíci

      That's the real mystery of the comedic drama.

  • @soup100
    @soup100 Před 6 měsíci

    and we STILL don't know WHY he was fired. I think it might have something to do with his sister's tweet about him.

  • @dovdougherty634
    @dovdougherty634 Před 6 měsíci

    does anyone have any more color on the motivation to get rid of Altman in the first place? I cannot find an explanation beyond the board's initial public statement.

  • @badonkadonkskidz
    @badonkadonkskidz Před 6 měsíci

    It did take twice as long to pick. So that’s 100% improvement

  • @eddiemalvin
    @eddiemalvin Před 6 měsíci

    "lack of clear communication" could be boardspeak for untrustworthy and deceitful actions.
    It sounds like the board discovered something about Sam that would be negative for the company if became public. Perhaps they're under a legal gag order and their actions aren't so crazy.

  • @polarper8165
    @polarper8165 Před 6 měsíci

    Success comes at a price, also the old ways are in a dire fight for its "survival".

  • @ChintavCBD
    @ChintavCBD Před 6 měsíci

    Bro I didn’t know Charlie passed away. RIP 😢

  • @joostonline5146
    @joostonline5146 Před 6 měsíci

    Still 4 people in the board?

  • @Artur960426
    @Artur960426 Před 6 měsíci

    I don't understand where is the value in this video.
    Maybe just this, that this kind of weird drama companies should not be interesting investing wise for value investors.

  • @Plantandpeoplecarer
    @Plantandpeoplecarer Před 6 měsíci

    Not a movie, high school! This is how spoiled teenagers behave! The girls on the board were playing Mean Girls! You can’t sit with us as you keep secrets!😂😂😂😂😂

  • @gardnmi
    @gardnmi Před 6 měsíci +2

    They need to end the charade and just go ahead and rebrand to M$ftAI. They haven't been open for a couple years now. Fortunately, there is a lot of effort being done in the open source community and these clowns will never get to the control they want.

  • @egal1780
    @egal1780 Před 6 měsíci

    After I read the first news line of an article I checked for more sources, only to find out that it wasn't actually fake news or overexaggerated. It's sad to see a smart mind such as him dying, but that is the cycle of life...

  • @Nanorix
    @Nanorix Před 6 měsíci

    Wait Ilya is out of the board? wtf

  • @reallife7375
    @reallife7375 Před 6 měsíci +1

    AI is a complete joke!!!

  • @kesamek8537
    @kesamek8537 Před 6 měsíci

    It's a good story but this looks more like NSA/other agency interference than the explainer give here.

  • @rlqxxx
    @rlqxxx Před 6 měsíci +2

    Just a bit of feedback and apparently most of the comment section. You should probably stick to your niche instead of covering something half assed just to ride what’s trending, makes the rest of your content less credible

  • @Alan.livingston
    @Alan.livingston Před 6 měsíci

    So what’s going to happen is AI is just going to end up benefitting the ultra rich. Check.

  • @simoncantley665
    @simoncantley665 Před 6 měsíci

    I do not trust these people with AI?

  • @sandorcselenyi6043
    @sandorcselenyi6043 Před 6 měsíci

    Chatgpt told the employees to do this haha

  • @confuzsays7196
    @confuzsays7196 Před 6 měsíci

    Fake sincerity by new scammer

  • @anxheloripa449
    @anxheloripa449 Před 6 měsíci

    Tbh microsoft already technically owns them lol haha. They have a huge share of openAI 😂. But taking the entire workforce would be funny

  • @jackcarterog001
    @jackcarterog001 Před 6 měsíci +7

    Woke AI

  • @LalaPala-ml2or
    @LalaPala-ml2or Před 6 měsíci

    Maybe it is a scam?

  • @wut255
    @wut255 Před 6 měsíci

    hahaha. these animations are hilarious. AI generated?

    • @NewMoneyYouTube
      @NewMoneyYouTube  Před 6 měsíci +3

      I wish AI could edit that well! Nah, we edit our content in-house :)

  • @VeronicaHelen492
    @VeronicaHelen492 Před 6 měsíci

    You should make a content on how to earn 6 figures in monthly profits cos I've been reading about investors making up as much and I'd really love to know how to such substantial profit in this current market

    • @WealthCastillo
      @WealthCastillo Před 6 měsíci

      Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.

    • @LucullanLouise
      @LucullanLouise Před 6 měsíci

      time in the market and your contributions are far more important.. also diversify the hell out of your portfolio (at least 5-7 different asset classes)

    • @VeronicaHelen492
      @VeronicaHelen492 Před 6 měsíci

      @@WealthCastillo If you don’t mind, how exactly does this work ? and how profitable have you been ? I would love more info about her services.

    • @WealthCastillo
      @WealthCastillo Před 6 měsíci

      @@VeronicaHelen492 *Sonia Rose Ginnell* appears to be very knowledgeable. I discovered her online profile and read through her resume, educational background, and qualifications, which were all very impressive. She is a fiduciary, which means she will act in my best interests. So I scheduled a session with her.

    • @VeronicaHelen492
      @VeronicaHelen492 Před 6 měsíci

      @@WealthCastillo I just looked up this person out on her website of curiosity, surprisingly she seems really proficient, I thought this was just some overrated BS, I appreciate this.

  • @kenichi1132
    @kenichi1132 Před 6 měsíci

    Ah I see. 2 women got pissed with sam and thought they don't need a man. And convienced the other 2 blue state nerd betas to sack him.

  • @jackcarterog001
    @jackcarterog001 Před 6 měsíci +1

    They booted the women on the board. Too emotional abd whiny. Bring in strong men with testosterone on the board.

  • @Badhans2007
    @Badhans2007 Před 6 měsíci +13

    That company will be the end of us all.