If the article is based on facts then... is this not an example of corruption?
It could be an example of Sam Altman making incredible investment choices. Or, yes, it could be corruption. Have to investigate to know one way or the other.
OpenAI Committed to Buying $51M of AI Chips from a Startup Backed by Sam Altman
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Re: OpenAI Committed to Buying $51M of AI Chips from a Startup Backed by Sam Altman
#32If the article is based on facts then... is this not an example of corruption?
Worldcoin Whoever thinks that was a good idea doesn’t seem to have any concept - nor care for - morality and ethics, in my view. Maybe the board firing him was exactly over this and look who prevailed.
If you already think cryptocurrency[0] and UBI[1] are good ideas, I can see why Worldcoin looks like a good idea.
[0] I don't, he clearly does
[1] I am not sure, I want to but suspect it will cause inflation unless done very carefully, but UBI needs biometrics to avoid Sybil attacks
Re: OpenAI Committed to Buying $51M of AI Chips from a Startup Backed by Sam Altman
#33If the article is based on facts then... is this not an example of corruption?
It's called a conflict of interest. A smart or well advised CEO would seek approval from the board before such a deal. And maybe it was, when this specific CEO went looking for the approval or communicated it to the board, that soap opera got triggered.
Re: OpenAI Committed to Buying $51M of AI Chips from a Startup Backed by Sam Altman
#34Come on. A guy mentions Sam's sister in his post and it's immediately flagged and hidden xD this site sometimes, seriously, the techbro team picking and worshipping is something else haha
Re: OpenAI Committed to Buying $51M of AI Chips from a Startup Backed by Sam Altman
#35Re: OpenAI Committed to Buying $51M of AI Chips from a Startup Backed by Sam Altman
#36Google has their own chips. Amazon do... Meta as well... Vertical integration is a competitive advantage worth pursuing for OpenAI. The spin is just that - spin.
The difference is that Meta's chips are not developed by a separate company that just happens to be owned by Zuckerberg and charges Meta a ton of money for the R&D work.
That would leave Meta's other shareholders paying the bill while missing out on the gains if the project becomes a success. In other words, the risk is shared but the potential rewards are reaped by just one shareholder.
Re: OpenAI Committed to Buying $51M of AI Chips from a Startup Backed by Sam Altman
#37If the article is based on facts then... is this not an example of corruption?
I am not a lawyer, but not necessarily. I think it comes down to, is this good for this company. If not and you are directing sales to another company that benefits you, that would be bad, but if buying from the other company you invest in is good for OpenAI, then it's ok. You are allow to have other investments, it comes down to disclosure, and not making a bad deal for reasons that personally profit you.
I thought about what you wrote, indeed it is probably difficult to prove either way (unless some other facts are known, like - were there any other companies supplying similar service)
I was helping to implement ISO through small orgs (most likely overkill...) and remember one of important bits was that each purchase had to go through a process of selecting supplier. I wonder if this is also the case in OpenAI (I'd guess it is?). But I also can imagine, if there is only one supplier who provides given goods then the process is not very helpful.
Re: OpenAI Committed to Buying $51M of AI Chips from a Startup Backed by Sam Altman
#38Google has their own chips. Amazon do... Meta as well... Vertical integration is a competitive advantage worth pursuing for OpenAI. The spin is just that - spin.
But this isn't OpenAI making their own chips, right? It's the CEO of OpenAI creating a separate company to make chips and then selling them to OpenAI.
Re: OpenAI Committed to Buying $51M of AI Chips from a Startup Backed by Sam Altman
#39Come on. A guy mentions Sam's sister in his post and it's immediately flagged and hidden xD this site sometimes, seriously, the techbro team picking and worshipping is something else haha
Also, I don't think the employees would also "Listen and believe" those claims given the offer that Sam is giving to them on a golden plate.
I mean, one can just say, I don't know and don't care about this and that is their personal problem to deal with while I receive millions of dollars in shares.
The whole point is stay away and don't play the "MeToo" game.
Re: OpenAI Committed to Buying $51M of AI Chips from a Startup Backed by Sam Altman
#40If the article is based on facts then... is this not an example of corruption?
It's called a conflict of interest. A smart or well advised CEO would seek approval from the board before such a deal. And maybe it was, when this specific CEO went looking for the approval or communicated it to the board, that soap opera got triggered.
When I was reading the article it appeared like conflict of interest to my untrained eye too, though I was never on that level