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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

#41
I'm as skeptical of OpenAI's dealings as anyone, but a $1m investment in a chip startup doesn't sound like he's a material owner. They've raised $33 million so far, minus the whole Prosperity7 divestiture kerfluffle (national security made a saudi-backed fund sell), so I'd be surprised if he owned in excess of 5%.

It looks to me like exactly the kind of investment I would expect a wealthy angel to make in startups related to their interests, not undue bias.

Re: OpenAI Committed to Buying $51M of AI Chips from a Startup Backed by Sam Altman

#43
post #3

If 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.

Yeah and it's more or less a self-fulfilling prophecy that any company that gets a deal with OpenAI would also make for a good investment. The only way to avoid this kind of thing would be to say that leadership of a company isn't allowed to make investments in companies that are either in the same industry or have dealings with their employer.

You could certainly make an argument for that, but it's not at all the standard practice currently, so I wouldn't say it's fair to single out Sam in this case unless there's other evidence of self-dealing.

Re: OpenAI Committed to Buying $51M of AI Chips from a Startup Backed by Sam Altman

#44
post #32

Earlier quoted context omitted.

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

A cryptocurrency is supposed to be decentralized, but how do you verify that the biometrics that are registered in Worldcoin are genuine in a decentralized manner?

The answer is that you don't, and Worldcoin is just another giant ball of shit.

Re: OpenAI Committed to Buying $51M of AI Chips from a Startup Backed by Sam Altman

#47
post #12

Earlier quoted context omitted.

World ID is great. I like logging into stuff without verifying my email, linking my GitHub/Twitter/whatever, or solving a bunch of CAPTCHAs when I’m on a VPN.

Biometrics are a username, not a password

They are not a password, right, but they are not a username either.

You can see this with the apple touch ID implementation when you have multiple accounts on the same computer.

Re: OpenAI Committed to Buying $51M of AI Chips from a Startup Backed by Sam Altman

#48

I'm as skeptical of OpenAI's dealings as anyone, but a $1m investment in a chip startup doesn't sound like he's a material owner. They've raised $33 million so far, minus the whole Prosperity7 divestiture kerfluffle (national security made a saudi-backed fund sell), so I'd be surprised if he owned in excess of 5%. It looks to me like exactly the kind of investment I would expect a wealthy angel to make in startups re…

Again the argument: "I am so rich I would not possibly be dishonest for such a small amounts..." ?

Re: OpenAI Committed to Buying $51M of AI Chips from a Startup Backed by Sam Altman

#49
post #48

I'm as skeptical of OpenAI's dealings as anyone, but a $1m investment in a chip startup doesn't sound like he's a material owner. They've raised $33 million so far, minus the whole Prosperity7 divestiture kerfluffle (national security made a saudi-backed fund sell), so I'd be surprised if he owned in excess of 5%. It looks to me like exactly the kind of investment I would expect a wealthy angel to make in startups re…

Again the argument: "I am so rich I would not possibly be dishonest for such a small amounts..." ?

Not exactly what I'm saying. I'm saying that it doesn't look like he has undue influence over the deal, rather than that he's not trying to make a buck. No claim about his honesty or lack thereof, but it doesn't look like a puppet constructed solely to enrich himself.
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