been chasing this property bubble, and in order to create this bubble, offering very very high returns and it works for quite a while because property prices were going up and everybody was sort of a win win for everybody. the everybody was sort of a win win for everybody- for everybody. the property developers for everybody. the property developers could for everybody. the property developers could throw - for everybody. the property developers could throw up i developers could throw up buildings that people thought that they needed, and investors would get the returns of ten or 15%. however, bubbles everywhere crashed, united states it happened in 2009, and that s what s happening now. so therefore all these investment products are no longer worth very much. it is a little surprising but the central government is making this into a criminal case because it s basically a lack of regulation. it is not necessarily that anybody who was stealing the money although that s al
technology. certain parts of those surveys are supposed to be inaudible infrastructure and governed by non profit and yet, there is so much capitalistic kind of approaches to control of the commercial aspect and commercial potential of this technology. i think that openai saga was, you know, the fundamental tension is really between the nonprofit mission versus full profit but, of course, there is a lot of nuance between this in terms of how they govern, how the board handles this whole situation, including exactly what technical concerns that the board has seemed to compel them to press the panic button. last night overnight i woke up to a lot of discussion in terms of studies but we can take that later but the most important thing we can ask is what kind of, you know, technology, what kind of digital service should be governed by non profit and regarded as a public service and what kind of technology should be controlled by shareholders and commercial services? , sharehol
company board. nearly all of their workers are threatening to quit if the board does not resign and reinstate the former leadership. for members fired mr altman friday saying in a statement he was not consistently candid in his communications with them. the company also announced greg brockman, the president and co founder of openai, would step down as chairman of the board. but he quit. the company has named emmett shear, the co founder of livestreaming platform twitch as its interim ceo. two prominent open ai had to have signed on to the letter and chief technology officer and chief technology officer and the firm s chief scientist. on monday morning there was a tweet seeing there was a deep regret on the board s actions. the openai has been the dominant force in a development with its chatgpt chat port. this episode highlights a split in the field of ai between those pushing for progress and those pushing for progress and those urging caution. meanwhile microsoft has inves
it s a guest pass for the offices of openai . he was fired on friday. he s been invited back by the interim ceo, mira moratti, according to reuters. that s with a view to him possibly rejoining the company. when he was fired, the company released a statement. they said this. mr altman s departure follows a deliberative review process by the board, which concluded he was not consistently candid in his communications, hindering, they said, its ability to exercise its responsibilities. the board no longer has confidence in his ability to continue leading openai. his dismissal has angered current and former employees concerned about what his departure may mean for the value of the company. one of the big shareholders is microsoft reportedly owns 49% of the company. they re among those apparently taking a lead in trying to get mr altman back on board. their concern is that his departure may mean to bleeding of other, wider talent. the challenge, though, is whether they can get hi
according to reuters, that s with a view to him possibly rejoining the company. when he was fired, the company released a statement, they said this. mr altman s departure follows a deliberate review process by the board which concluded. the board no longer has confidence in his ability to continue leading openai. his dismissal has angered current and former employees concerned about what his departure may mean for the value of the company. one of the big shareholders is microsoft, reportedly owns 49% of the company. they are among those apparently taking a lead in trying to get mr altman back on board. their concern is that his departure may lead to bleeding of other wider talent. a challenge though is whether they can get his reinstatement passed the current board. earlier i spoke to managing director at wedbush securities dan ives and he said openai s board might not walk away from this unscathed. this is a train wreck situation. i mean, the board clearly overplayed th