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Tech Brew Ride Home

Fri. 09/27 – Sam Altman Declines To Go “Founder Mode”

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 27 September 2024

⏱️ 19 minutes

🧾️ Download transcript

Summary

Founder Mode? Not for me, says Sam Altman, but we will see. A few new gadgets from Samsung. Maybe ARM should buy Intel. Are AI startups hitting revenue traction faster than SaaS startups did? And, of course, the Weekend Longreads Suggestions. Links: Sam Altman tells OpenAI staff there’s no plan for him to receive a ‘giant equity stake’ in company (CNBC) Samsung Galaxy S24 FE goes official starting at $649 – is it still a ‘Fan Edition?’ (9to5Google) Arm Is Rebuffed by Intel After Inquiring About Buying Product Unit (Bloomberg) Exponential growth brews 1 million AI models on Hugging Face (ArsTechnica) AI start-ups generate money faster than past hyped tech companies (FT) Weekend Longreads Suggestions: McDonald’s touchscreen kiosks were feared as job killers. Instead, something surprising happened (CNN) Apple Rolls Back Its Big Plans to Release Movies in Theaters (Bloomberg) The 27-Year-Old Economic Adviser for Gen Z (WSJ) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Meme Right Home for Friday, September 27, 24. I'm Brian McCullough today.

0:09.0

Founder Mode, not for me, says Sam Altman, but we will see. A few new gadgets from Samsung, maybe Arm should buy Intel?

0:18.0

Are AI startups hitting revenue traction faster than SAS startups did? And of course, the weekend long range suggestions here's

0:23.8

what you missed today in the world of tech.

0:28.8

And in all hands, Sam Altman has reportedly said, no, there are no plans for him to get a quote,

0:39.6

giant equity stake in open AI, calling that information quote just not true, quoting

0:44.8

CMBC. Altman and finance chief Sarah Friar both said at the meeting conducted

0:50.0

by video that investors have raised concerns about Altman not having equity in the high-valued

0:55.0

artificial intelligence company that he co-founded almost nine years ago, said the person who asked not to be named

0:59.8

because the gathering was only for employees.

1:02.8

Regarding his potentially attaining an equity stake, Altman said,

1:05.7

there are no current plans here, the person said.

1:09.3

Open AI Chairman Brett Taylor told

1:11.0

CMBC in a statement that, while the board has talked about the matter, no specific

1:14.7

figures are on the table.

1:16.2

The board has had discussions about whether it would be beneficial to the company and our

1:20.0

mission to have Sam be compensated with equity but no specific figures have

1:24.4

been discussed nor have any decisions been made Taylor said the meeting

1:28.6

late Thursday followed the board's decision to consider restructuring the

1:31.7

company to a for-profit business according to a separate

1:34.2

person with knowledge of the matter.

1:36.0

Should the change occur, the non-profit segment would remain as a separate entity, said the person

...

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