Transcript
Oh yeah. Oh man. Live. From your Tech, bro. Ghost of Christmas Past. Present future? Yeah. Another medic Monday edition of business pants. Joined by analysts Hall. Matt mascardi. Yeah, I am unbelievably exhausted already. Until class called November 20th 2023 the same Altman Show featuring. Sutton Nadella. Yeah, you sure this is this might be the Satya Nadella Show, featuring Sam Altman. Our show today is being sponsored by free flow analytics. The only ESG data platform to measure real board influence. I mean, it does other stuff but that's a lot of it. Puts the people back in the market, the people that does. All right, let's get to it. Let's stop, yeah, wait, you have a preamble here because something Preamble is actually a bridge. It's a bill. All right, so Bridge me Bridge me. Let's do it. You know how there are. I've never actually had one of these. I've seen them on TV but they had these, these big Progressive tasting menus, that cost like 25,000 dollars at these fancy restaurants that people buy. I'm gonna say, yes. But this seems like unicorns and fairies. So our show today is a truncated version of that tasting many years. So so it it all tastes like Tech, bro, shoe leather, but it's building something. So, just bear with me here. The, the headline that truly dopest me. This morning was this one. And again, it leads to the bigger story and that is that little the old man. Yeah, Bill Ackman is defending Elon Musk amid the X owners anti-Semitism controversy. Oh right. Someone's defending. You know, just what I cover this because I think that the Mania of this story map will help kind of like it's like it's a palette cleanser for the for the main story of the day, which is the hosting of open AIC CEO. Just unbelievable. Bill. Ackman, whose waged a personal campaign on social media against people. He perceives as anti-semites wrote on X. That musk is quote, not an anti-semite. Oh, has he read anything? Elon Musk? He says. The world stands ready to attack musk for his shoot, from the hip commentary musk is not perfect. But the world is a vastly better place because of him. Oh but not the 19 year old Harvard students who may also go on to change the world but are now docked and throwing up in her yard because this thing it's remarkable how quickly that he stands ready to attack the students for their shoes. No ready. Matches to make this all the more bizarre. Okay, defense of Musk. Ackman. Reposted a video from conservative, political pundit Ben Shapiro, who said musk was unjustly, being labeled as some sort of crypto Nazi. So you see, Matt how this works. The tech that you said it a tech bro, used a basically, a Nazi supporting white, supremacist type to defend Musk, from not being, okay? I know Ben Shapiro is, is Jewish, right? And he is open. I guess the same way that Jesus Christ is Jewish. Yeah, well, I mean, I think it's really Jesus, or Jewish, I don't know what really like, it's really like posting a video of a gay person saying that Republicans don't hate gay people, they make policies. They get people trans Selah Caitlyn Jenner, who was notoriously against all trans rights. Exactly, exactly. So you were not on That's so you can just repost that thing. So that's the background of this crazy map because believe me, I'm trying to bridge here together, because I'm lost because here's the uncomfortable bridge. Is that? Let's not forget. The Elon Musk was one of the first two directors at open AI. He was not one of nobody talks about how he is open a I and he said that the public needs to know. Why open AI fired Sam Altman, right? Okay, okay. He says, lots of stuff. He said the opener. He said that open AI was created as an open source, which is why I named it, openai a non-profit company to serve as a counterweight to Google. But now, it has become a closed Source maximum profit company, effectively controlled by Microsoft, not what I intended at all. So that's the bridge to our main story at open. I, I hate to tell you, but oh, I can't speak for you, but Elon Musk might be on my side for something. I might be agreeing with Elon, for one. Maybe I mean that might like, I maybe. Okay, let's go to the main story. I'll gonna give you a quick timeline. And then Matt, you can jump in and do all kinds of your crazy deals. Oh, hey, don't want. Yeah, I have lots of thoughts and no thoughts. I don't know how to handle this is a quick timeline for people who have an actual Life and pay attention to their, you know, raking, their leaves, or their families, or whatever, on Friday. And this again, this is a little uncomfortable for us because unfortunately, open AI is not, you know, in our database because it's not a publicly traded company, so we're not actually, we've never been able to organize it properly, it's not even a four profit company. Technically. So this is not where this way out start, but let me give a quick timeline open AI board on Friday fires. CEO Sam Altman which also owned the co-founders. Although there are many co-founders of this company so it's not like they're just fired, the founder and then president Greg Brockman. Another co-founder I believe quits after being removed from the board. So the four. So the four directors fired CEO, Sam Altman as CEO, and for the board and they also removed, Greg Brockman from the board. Okay Altman's gone Brockman. Quit they named Mira Marathi as in terms CEO and then on the weekend, everything went crazy. So the stories went back and forth in the business news. That the board immediately regretted this because investors were angry. They tried to get Sam Altman to come back, right? I mean, that was the, that was the tone. And I don't know that any of that is really true other than the fact, other than the investors being angry. I think that part is true, investors meaning, maybe Microsoft. I don't know, we definitely know that the investors are angry, and we definitely know that some of these are angry. We don't know, we don't know. Like, whether or not the board, deeply regretted it as a board or what, like, whether or not Altman was invited back to negotiate a return within the 24 hours of being gone or possible, we don't know possible. So yeah, nobody knows really. So as of Sunday, the reports that he's back in the back in the building as Matt was saying, he's potentially negotiating his return on Monday we learn that all that is been blown up because the deep pocket CEO of Microsoft known as in Adela came in and essentially blew up open AI by hiring. Sam Altman and Greg Brockman to essentially start a an AI subsidiary. I don't know what you would call it at Microsoft using the opening IA, Brain Trust and And then the interim CEO of openai. Had a did, she tweet, what did she do that? She, she had an announcement supporting Sam Altman, and then the board fired her and replaced with a second, intern, CEO. And that is of all things, the former CEO of twitch Emmett Shear. He is, yeah, I mean, my head is spinning with tech bro. Nonsense. I am so we had two interim CEOs. In 48 hours, we've had the face of AI in Sam Altman. Go from fire to renegotiating, potentially, to hired by the 49% owner of open, Ai and Microsoft, and that's where this gets tricky. So here's what I think. I'm not gonna bury the lead. I'm gonna give you my wife, go ahead. Yeah, I don't know what it is, even if I was gonna bury it in this governance, that is the open Mall of the open a I apocalypse, whatever this thing is. I think it's actually the greatest acquisition of all time I think. Okay. But which part of it, the original Microsoft investment into openai or what's happening now. Well, the original Microsoft investment was a positioning investment. They wanted at full access and Licensing with, like the architecture. And like, that was like, a long-term play. They spent 10 billion dollars to basically buy 49% of open AI, which is controlled by a non-profit. That's important part here. Because that was, I think, what everybody misunderstands is that the board didn't rise up in some crazy fit of power and remove its CEO. The boards mandate was to protect the non-profit status, that non-profit, the vision of opening, AI as being something, that was not going to destroy Humanity by by scaling up, by focusing on growth by focusing on Greed, that was all really had to do. I had to preserve that part of the charter so it was doing his job by firing Sam Altman. So, and this is the, this is where I wanted. I really wanted, I'm gonna open like out my bias here. I know really wanted as I'm like doing a deep dive on Saturday and Sunday into all the people involved because that's what we do really. Look at all the people involved. I really wanted to find out that they were all like Like Tech bro. Interconnected like it was all this big plan to like take open AI from a non-profit and turn it into a for-profit. They outed, you know, they ousted Sam Altman because he was in the way of that. Like I, that was the narrative, I thought going in and the more I dug and the more I looked I actually think this is governance functioning as it should. As, in the charter of the organization was a non-profit, Charter to do, no harm AI, safety guardrails on Humanity, all that stuff. I actually think that's what it was. In fact, one of the co-founders is quoted as saying, how did he phrase it? He said, the quote was Mr. Skeever, who's one of the iliac? He's the chief scientists officer. Whatever's. Cheapest at open. AI was worried that Mr. Altman was too focused on Building open ai's business while not paying enough attention to the dangers of AI. So literally they're saying in the boardroom. We are going way out on the profit maximization and, and not nearly paying enough attention to the potential safety implications of this. Which, I mean, that feels good. Like, it feels good to know. There might be an adult in the room. Somewhere. The New York Times reported that Seth gever. I know, we're both butchering his name. This is the, this is the key person I think here involved is, it remember? He's a co-founder, he's a board member and according to many reports. He played the key role in getting rid of Samuel. And the New York Times is reporting that he created a super alignment team within the company before Altman was fired to ensure that future versions of GT4. The technology behind Chachi would not be harmful to humanity correct, right? So again, so so as Altman was out there trying to like maximize the four Prophet part of this, he sounds like he's stepped in to kind of Take control. And my guess is that this didn't happen overnight. And and this is where the business news is always full shit. First of all, their their outrage about this, I'll talk about in a few seconds but my guess is that there were several thousand conversations between Ilya and Sam being like, what the hell are you doing like this is, I'm sure not right for this didn't happen. Suddenly. Yeah, come on. It wasn't like yesterday. They went off. They were like, you just went off the cliff. It doesn't happen like that. No. In fact, there were reports that That Ilya. Burnt and an effigy representing at a company meeting burnt, an effigy of what was meant to represent, AI becoming a greedy for profit World killer essentially. So this this has been in the work it worked. And ostensibly, there were employees at that Effigy burning where Ilya was trying to preserve Humanity who were supporting that at the time. Despite the fact now that they're all crying and want to go work for Microsoft. So here's why I point is that, this did not just suddenly happen, not only did well. So it was clearly building to this. But now, this is why I think Satya Nadella and read Hoffman, who's on the board of Microsoft because he was a he was a, an investor and border at opening the original funder with musk in the creation of open AI. So and he is an outspoken like AI. Evangelist right? So but this is why I think, Basically, Satya is playing, you know, remember that hologram board game that they played on, you know, in the Millennium Falcon and Star Wars like vaguely. Sacha's playing like that hologram board game and everybody else is like and everybody else is like spinning a hoop outside in the 14th century like that. That's the difference in like gamesmanship maybe because maybe here's what I think. Yeah. He they managed to get access to all of the IP they don't 49% of the company, they have license agreements, they've already built it into, you know, they're being, you know, pointlessness and it's in Azure, they've got it going into, you know, Microsoft Word and Excel and all the all of their applications, whatever. It's gonna be embedded in the OS, you know? And the next year too, right fully embedded. They've already got that going on. They spent 10 billion dollars to basically get that, you know, to get 49% of a fake but company and nonprofit company and get access to all that, but then the board does them the favor of worrying about Humanity. Firing their leader and their president. But two co-founders and then every employee does Microsoft, the, the great Boon of saying, we follow Sam effectively. In fact, trending on Twitter is openai is nothing without its people and 500 of the 700 employees signed a letter saying the board should immediately resign because of this. Yeah, all of this is happening back to have. I read the letter Matt. That it's basically a big threat saying, we're gonna go to Microsoft. Yeah. And let's remind everyone that open AI was created as a non-for-profit, so they they correct intentionally knowingly. Sign up for this an hour threatening of all places to go to trillion dollar cap company, Microsoft. But, but here's the part that made me laugh because we are a company about people, is that one of their demands, Again they're going to resign, I think the evil List of Demands, they're gonna resign unless they immediately reinstate, Sam Altman and Greg Brockman and they want of all things. They want two new, two new lead, independent directors. I don't think they understand the phrase lead independent, directors, right? There's only one at a time. That's what it works. One of the people they want of all people is is former co-ceo. Salesforce former chair of Twitter and Stanford, you know, bro, Tech boy, Brett, Taylor that is supposed to come in and Save. The I mean, what do they think they're preserving though? Do they have know what they read? The bylaws of what open AI is supposed to be. Do they know what open AI is but this is this is such as great coup. He bought the entire open AI team for 10 billion dollars and some donuts at a in the coffee room, right? Like so this is what I this is amazing. I for them that would happen. Was that that Sam convinced? You know, Sam is a fast talking, CEO, authoritarian type. He's a tech, bro. He's standing for Dropout, right? He's that kind of guy. I think what happened was, he talked Ilya in to letting Microsoft and best because it'd be good for the future of of open AI, it would preserve their, their, their hallowed non-for-profit status. It's the right thing to do. I think Ilya, you know, got bowed over bowled over by this agreed to it. And then and then realize, like, later that this is what was happening. Matt, you're right. It was that it was, that was a coup. By Microsoft to take over this company and I think Iliad did. The only thing he really could do was fire Sam Altman. Because again it's not what I opened. I was intended to be and now the whole company is kind of paying for this. Can I tell you one other thing Matt? Yeah, because what, I think the True Heart of all this is is basically something that we have been talking about here. And that other shows in the political space also talked about, we talked about it in the it's the same thing, but we talked about it in different ways. The thing that strikes me is that our culture is becoming more and more obsessed with authoritarian rule, right? Like we are fetishizing authoritarian rule whether it's you know like the Mark Zuckerberg coming up. Yeah. Whether it's Mark Zuckerberg, whether it's Elon Musk, whether it's the, you know, the duopoly at Google or whether it's Donald Trump. Let's not forget that. The country has, has coalesced around hating Joe Biden, essentially because he is the Ultimate small D Democrat, right. He leads by a team. He leads by, you know, because as an elected official is a bureaucrat and our country is obsessed with Donald Trump because he wants to be an authoritarian ruler and this is what's Happening Here. Matt is that nobody It's certainly not, the employees, certainly not the people on Twitter, certainly not the business news. Everybody failed to grasp that what the board was doing at open. I, I made perfect sense and I said and said they rush in to cry and lament over the fact that another one of its Tech founder Bros was fired. And that can't be in our society map because these are this is a protected class of people. We can't we should not be able to the board. Should not be able to provide oversight over a shouldn't be able to fire them. That was a, we should say whose on this board because that's actually an important point. Right to talk, do you? Well, this board is not like it. It is not a bunch of like VC, founder Tech bro. Types. There is Adam D'Angelo who is the CEO and founder of Korra. He's the one Tech bro. He the read on him is is pretty pure text. Growth Exeter went to spam. What's that? Its core a real company. I always thought it was funny question and answering. It is a question and answer thing but now they're big on. AI, did you question and answer? In fact, I think his incentives were open. AI is now a competitor to what we've been building at quora. So like I actually think he has an incentive, just not blow it up but like not actually, Have it function as well because he he cobuilt, you know, Mark Zuckerberg built like a music player before I did Facebook. He co-title with Zack. He was the CTO of Facebook at Harvard. It was in high school. It was in high school. Okay. Oh, no flexor. Right? Exactly. That's right. But all of his backers. All of his funders for Korra include Benchmark Capital, who is eBay Twitter, Uber. They're part of like the PayPal Mafia types and tiger Global who funded SBF. They were the big one of the biggest funders of SBS. So it sounds like he's alive connection this world, but it sounds like he's a line with the musk thought here which is that that Sam was go running counter to what the true nature of open my eyes supposed to be, but D'Angelo voted out Altman which means he might have been voting for individual incentive, right? Like quora or versus open AI or who was doing his job on the board, he's doing his job because I like to think the worst of everybody so because the import And part of this board once again, is that that the non-for-profit part of openai controls the for-profit part and its mandate on the board is to preserve that above everything else. And again that board obviously thought that Sam Altman was destroying that mandate, but here the other two. So we know Ilya voted out Altman, here are the other but it must have been a 42 vote, right? It was 42. We know D'Angelo voted out Altman and we know these other two voted out. All the outsiders voted Altman out which suggests that even if they had individual incentives that were not aligned with, you know, having Altman there. They all did their Duty in as much as if he's profit maximizing. And there's good reason to think he was because I read the transcript from what 10 days ago, Altman was on stage with Satya Nadella 10 days ago. At the Microsoft ignite conference. It's like their version of the Apple conference where they show all their New shitt and everyone like others. Their minds at night. Yeah, it's a harsh analogy. Yeah, but but in the transcript Altman comes out, first is the keynote and basically talks about all the products that they're building like products that they're building, right? And how they're they are. Offering this new like GPT for Turbo and everything's about like, I mean, like I don't know that because this open source company that supposedly not for profit. I, I went in there this morning because you asked me to try to generate an image based on some keywords and I couldn't even do it because I got I got hit by all these product wall, you need to do this. Like, what the hell is this company anymore? I mean, it's but he talked for a long time about all of the models and all these product builds and then Sacha comes on and they're like, you know, they're they're being like awesome. I can't wait to see this. This is amazing. These are great examples of what we Can do together. And basically, he sounded like he was already inside of Microsoft building, Microsoft products as they can sell, right? That that's what it sounded like because again because as the minority shareholder you said 49% that 49 49%, Microsoft essentially was controlling Sam Altman and I think that's really why Ilya was pushing back, right? But I think he gets off stage and he shows up at like that gets a call from the board and he shows up and he's talking to the board and they're all like, what the fuck are you doing? Why are you pitching our products at a Microsoft conference, right? Like what do we do now? Are we just selling products? Is your conjecture, you know, my conjecture. I'm guessing, I'm guessing like get off stage, they call him up. They're like are we a non-profit with a mission to protect Humanity? Yes, they are AI. Or are you selling products at a Microsoft? Yeah, and otherwise one is real, this is why I cry bulshit about how the business news covers everything because there's they made it seem like it was a sudden coup in the middle of the night, but I absolutely agree that this conversation that probably happened for that Microsoft conference. But I bet you that conversation has been happening for the last 18 months. So here are the other board members that vote like are part of this conversation. Helen toner, she An academic, she's a 30 year old, she's an academic, she's studying safety of emerging Technologies. She, she's the director of foundational research grants for the Georgetown Center of security and emerging technology which here. Well, here's a course, they all have conflicts right? Because this, this program is funded by grants. From open philanthropy, the William, and Flora Hewlett Foundation, Noble, reach Foundation, the musk Foundation, right? Patrick McGovern, Foundation, public, interest, technology University. So, that's Hewlett is Big Tech the grandkids, Run it now. He's old-school. Big Tech Noble reach is funded by the CIA. It's a CIA run program musk. Another old Tech bro, and a university. But this isn't surprised me, man. I mean, this again, if we where where I'm aligned with musk here is to that, I would be against Sam Altman. I'd be with Helen toner, you know? But here is your, but this gets to your theory that like seven authoritarians really run the world because all of the funders of these are like dusk and Dustin, moskovitz, one of the co-founders of Facebook is founded this group. Like, and she worked for him before basically. She's big NGO, but she's 30 years old in her whole career has been like, studying how this goes wrong, right? So that's pretty good to have on this board, not even a true academic, right? She only has a bachelor's, doesn't, that's as far as worked in academics, right? Like, she's worked with academics. She's all the University. Networks and like she's worked around these. I mean the other obvious take not here. She's not a tech, bro. That's the point. The other problematic takeaway here. Of course is that that Entities like big Tech and the billionaires that control them, they have, they have the ability to take risk everywhere. I mean, there's no risk, right? But they can invest in basically everything without any risk, right? And and, and this is part of the problem. Am I wrong? I don't think you're wrong. No, they can. Of course I mean that's So the way it's set up, right? So they can dump a bunch a bunch of money into something called open Ai, and they can see where it goes and they can control it from the sidelines. And but no other entities can kind of regulators can't get and you can control over this. Other entities can't really get involved, because they don't have the capital. It's yeah. It's All right, go ahead. So so my train of thought here because of 400 pages of notes and we're trying to wrap up a bizarre story, so go ahead. So yeah, we'll wrap this up by just by looking at the last person here who is Tasha McCauley. She's a Founder know, she's the CEO of a group called geosim systems but what she's really known as is the wife of Joseph Gordon-Levitt the actor. Oh that's that's people know her as that her dad is the chair of the board of geosim system. She's not the founder, the founder one of the founders of the guy named Chris wisinger who was the CEO and founder of jio sim, but now he's a strategic advisor to jio sim. So she's basically is is not. I don't understand what this is except like she does, she's an engineer. I think she has a basic interest in this. It's like sort of family is firm but not really she's a proxy for somebody, right? She's on the board as a proxy. Buy glass, clefi CEO. Who knows. I don't know what this is, but but there but there's no big, you know, Silicon Valley investors and and the company it just seems like one of those things where like, you know they have some money as a family and decided to build this cool thing and she's an engineer. And I don't, I don't, I don't even know. I can't find any information on her. How do you, how does she get on the board? Well, potentially the most impactful AI company. I have no idea. Maybe this speaks to it. Yeah, another problem, when we are trying to solve here for free flow, is that that the culture Society in general has dropped the the potential that that boards do a thing anymore, right? They don't, they don't think of these boards. These boards they don't think of them. They're rubber stamp machine. Yeah. They just need to be comprised of people who have the ability to provide oversight into have a backbone and have, you know, our have the right skills and experiences to counter. Rack to people like Samuel and they think that they're just there to hang out and to rubber stamp and to go to the parties. And and we see this across the board at almost all S&P 500 companies. So maybe this is speaking to a different problem, right? Yeah, I think that's probably the key. They do not expect to hire, these are people who are actually look like two of the three look like actual Outsiders. Like there's some connective tissue, but they're not embedded in the Silicon Valley, VC world one was. And, but what appears to be is they got three people who are relatively thoughtful, about the very, the specific mission of this non-profit who, regardless of the fact that they don't have juice. In this industry, they sat down and said, well, this we're doing this wrong, like, and you're doing this wrong, and they must have had this conversation over months if not years of what that means to do this, right? And they get to a point where, in this is where they end up being short sighted. This is where they can't anticipate the ripple effect, they do the right thing and don't realize he's gonna get to. Yeah. Don't realize that everybody else, not only expects them to do the wrong thing, but hates that they did the right thing including the fucking employees who are quitting in droves to go profit maximized themselves. They joined a non-profit company with a specific Mission and they must have known that mission. And they immediately the minute, they get an opportunity to go somewhere else and make money. They're guessing it was. The first thing they would talk about a parties, it was their differentiator, like, oh yeah. You think I'm an asshole? Working at a big tech company. Actually, I work for a non-for-profit. Open AI have heard of it. Okay, here's the here. Let's let's try to wrap this up somehow. Uh with this is that yes, it does appear as of Monday morning to be one of the few instances we've seen recently where a board did exactly what it should have done it. It had the courage to speak to its mandate. It had the courage to take down a CEO and again, we've references in the past Sam Altman, was not an equity holder. He had, he had not finagled aboard in any way so that he controlled all the vote, right? He's not Mark Zuckerberg, he's not Elon Musk. He doesn't have his brother on the board and that kind of crap. So he was, you know, technically able to be fired. This appears to be a case where the, the board did the right thing for Humanity, but but nobody seemed to care the immediate backlash, the whole culture immediately had was against the decision. It seems, I actually think the backlash is not. Not even about the board themselves. It's about the, it is like the Greek inherently greedy, vce Tech growing nature of the organisms that are created out there because it is board does the right thing. Microsoft does the right thing for them. They do, they are profit maximizing, they immediately go out and say we will take the entire team. We will Walled Garden them, and the governance structure goes from being a vague group of people and a fake non-profit, non-profit with a mission that like apparently four people have a tremendous amount of control of the outcomes in this company to read Hoffman's on the board. Such an Adela is you know, they're big Tech, they're Microsoft. This is like what they're supposed to do. They can buy a company for 10 billion dollars that should have cost them 90 billion dollars and they immediately do it because that's the smart play and what? Everyone freaks out about even musk's tweet, betrays, this Microsoft got them. It's not, it's not it. The problem if x had bought them, right? Like if if it was musk himself who bought these people and brought them into his AI company, do you think he would have had a problem with it? No. No. The problem is everyone's now like fuck. Microsoft got them. Yeah. Remember it was they're all there because remember it was Elon Musk who called for a pause in that he but everyone was so he could build his own AI company. Yes, to further his. Yeah, no, you're absolutely right. But let me leave you on this and we can talk about this. The man who were supposing. Is the Chief Architect of getting rid of Sam Altman to preserve open. AI was one of its co-founders and chief scientist Ilya sets cover I should. I I always say I never do. Yeah he had this post this morning. This tweet he said, I deeply regret my participation in all actions. Wow, I love everything we built together and I will do everything. I can to reunite the company, but Matt, I don't know how you read this. But here's how I read this, I don't read this. He think he did the wrong thing. I think that what I'm reading this as someone who was not a natural born leader, not a natural born CEO, who didn't? Didn't. Play that 3D chess. You were talking about Star Wars accurately and realize that this, this could unravel. This amazing thing that he has helped to build. He didn't foresee how the employees were react. You didn't foresee the hissy fit that would come out of Brockman and Altman, and he is regretting that unraveled this way. But I assure you, he's not regretting, the actual intellectual decision to fire the CEO, who was now Maxima looking for like, you know, was the realization that the thing that mattered most to him. The that AI has guardrails, like the super alignment team that he put together his conversation about. Like, this isn't about profit maximization. We have Mission drift happening, like that seemed to be by all, by all the quotes that I have seen about him that seemed to be consistent for him. I think it's the, it's the realization that like, all the that stuff that he, that he cared about well disappear. An instant, if people aren't individually incentivized by profit right like because he's like, yeah, I can't, I think he can't believe that 500 of the 700 employees would quit a place that whose mission was to better Humanity. Like, I think he can't believe that because, once again, we're on this, like, CEO founder, fetish thing, right? Because as you start off the show by calling Sam Altman, basically the face of AI. And that's what you have here is a cult of personality because there is no reason maybe 30 people leave sure. You know, they're tight by working for Microsoft Live 500 out of 700 because because there is clearly a cult of personality going, oh, on over there with Sarah write 100. I guarantee he's just 8,000 times more charismatic than Ilya, and that's the end of the story because because this is, this is just the nature of these things. I yeah, I mean, my my sad cynical pessimistic takeaway is this, is that? Finally, you see a board or just somebody doing the right thing? And it means nothing like, yeah, I saw. So I might actually, it might actually turn out to be a even worse thing. Yeah. Yeah. I have two takeaways and one prediction to end this show. My two takeaways are a baller move by Microsoft, buying a 90 billion dollar company for 10 billion dollars. Sure. But again, but to my point, Matt, look, but they could have swallowed that 10 billion if it failed, it doesn't matter. Like there's no risk for conscious. I'm just, I know there's no risk. It doesn't matter. It's still a ball or move and you say, like look, they saw an opportunity and if it wasn't Microsoft Microsoft recognized that somebody else is going to do it anyway, right? Like, that's the nature of this game theory organization. So all those smart thinking right there all. So the board at open, AI did probably an all likelihood by all accounts, the absolute right thing, they did it here. I'm sure we're gonna learn this afternoon that actually, you know something. I don't know that Elio was like burning, you know, people's toes in the bathroom and whatever it would appear that they absolutely did the right thing and this is our like, our hero Word for the moment and here's my prediction. Oh, if if the board wants to follow through on doing the right thing and I don't know what the covenants are, I don't know what the nature of the license Agreements are. They need to immediately terminate any license ability to Microsoft. They kill all contracts with Microsoft. They have to, because they know that everything that they build is effectively being going to be poached by Microsoft. And if they want, if their mission is guardrails around Humanity, for this technology and Microsoft mission is profit maximization. They have to follow their mission by terminating what they're doing with Microsoft and protecting the IP Force Altman in the team to rebuild from scratch and not using their existing architecture. They don't ya, those forget that same old was not one of the original co-founders of open, AI too. No. He's Combinator, he's the president of Y combinator initial board members, right? Yeah. I mean that the heat again, like, with this, this CEO founder fetish age that we live in that he has was able to kind of become the face of this is just remarkable. I mean, it's really as a remarkable story that leaves me feel even more. Depressed, I guess, let's end there. Pure depression, Austin, I'm exhausted that Samuel is, I am your analyst whole mattress, cardi. We are free float. If you want more stuff, We're gonna we have a show a proxy show. Yeah. Launching, well, we'll see some of that on Wednesday. We're gonna drop pieces of it into this channel Wednesday. But look out for that coming soon. We got our woke Wednesday show. We got our Friday show too much all. So we are raising Capital so you want a piece of this action and I don't mean the show that. I mean like the data at the analytics, the real action behind the action. Send us a shout out. Otherwise more to come on this most likely and hopefully you'll never cover it again until later. Goodbye.