Andy Halliday
๐ค SpeakerAppearances Over Time
Podcast Appearances
But I think we just observed the first single product, single developer billionaire exit, right?
So the compensation, which was not disclosed for hiring Peter Steinberger,
Because they didn't acquire his company.
He has a company.
He's developed things.
He has a company.
They didn't buy his company.
And they basically just hired him with a huge package, I'm sure, that is multi-billions of dollars, given just the velocity and the importance of this product to the agent ecosystem.
that's emerging.
They, they gave him a big, big payday to come on board with open AI.
And so he's got grants and options and everything else.
And that was the compensation structure probably.
And, and as a result of that, we can't say that a, there was an acquisition that took place.
No acquisition took place.
There was no company acquired.
But again,
There was a foundation promise created by OpenAI to put this thing that Peter built for the purposes of having an open source thing out there available to everybody, to put it in a foundation run by OpenAI to keep it separate from the for-profit interests of OpenAI.
But Peter Steinberger is going to be
like leading the charge for sort of individual agents in the product group, probably under Fijian Timo at OpenAI.
So yes, Meta and OpenAI were kind of the final players who were negotiating with Peter to do some kind of deal that would bring him into their fold.