Normally in most companies, the responsibility of the board is around representing the interests of the shareholders; for example, ensuring that the financial statements are a genuine representation of the value of the business. And usually, a statement about a lack of candidness from the CEO is corporate speak for “the CEO is using company money for personal gaiin”, which again is corporate speak for “we found the CEO is guilty of embezzlement, but we don’t want to ruin the prosecution’s case and risk defamation by saying that out loud”.
But, it could also be anything that materially affects shareholder value that the CEO isn’t being honest about. For example, if Sam Altman knew that November’s GPT-4 was disastrously worse at programming than previous releases, but told the board that everything was fine, and that it had all checked out as being perfect… that could also count as “lack of candidness”. He would have to have done this repeatedly for the board to swoop in; some sort of “this is the final straw” after last week’s announcements.
That all said, OpenAI’s board does have a wider remit: they are also have a reponsibility around safe-guarding the use of AI and a few other things like that. So if OpenAI had actually built an AGI and Sam Altman was lying about it, they would also have a responsibility to fire him.
In every example I can think of, this announcement means that Sam Altman has been lying about something. In my experience, dishonest executive leadership almost always slows research and development down; so OpenAI has been succeeded despite Sam Altman’s leadership, rather than because of it. So I predict that AI research speeds up even more now. (Uh oh.)
Normally in most companies, the responsibility of the board is around representing the interests of the shareholders; for example, ensuring that the financial statements are a genuine representation of the value of the business. And usually, a statement about a lack of candidness from the CEO is corporate speak for “the CEO is using company money for personal gaiin”, which again is corporate speak for “we found the CEO is guilty of embezzlement, but we don’t want to ruin the prosecution’s case and risk defamation by saying that out loud”.
But, it could also be anything that materially affects shareholder value that the CEO isn’t being honest about. For example, if Sam Altman knew that November’s GPT-4 was disastrously worse at programming than previous releases, but told the board that everything was fine, and that it had all checked out as being perfect… that could also count as “lack of candidness”. He would have to have done this repeatedly for the board to swoop in; some sort of “this is the final straw” after last week’s announcements.
That all said, OpenAI’s board does have a wider remit: they are also have a reponsibility around safe-guarding the use of AI and a few other things like that. So if OpenAI had actually built an AGI and Sam Altman was lying about it, they would also have a responsibility to fire him.
In every example I can think of, this announcement means that Sam Altman has been lying about something. In my experience, dishonest executive leadership almost always slows research and development down; so OpenAI has been succeeded despite Sam Altman’s leadership, rather than because of it. So I predict that AI research speeds up even more now. (Uh oh.)