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How is this comparable? SBF did own equity in FTX+Alameda. Altman doesn't. That removes the monetary incentives. It is not everything but it is a big deal. SBF
by crop_rotation 4y ago
How is this comparable? SBF did own equity in FTX+Alameda. Altman doesn't. That removes the monetary incentives. It is not everything but it is a big deal.
SBF was going to benefit from FTX running a ponzi and not being caught and being rich.
Altman will not benefit monetarily if OpenAI becomes incredibly valuable. Decoupling the monetary incentives is a very good thing here.
- ctvo 4y agoIt's naive to think not having equity (if it's even true?) means there's no monetary incentive, which you then build the rest of your reply on.
- crop_rotation 4y agoThere might be some incentive still. It doesn't have to be an all or nothing story. The fact that he has 0 equity by itself makes the SBF comparison ridiculous (which is what the parent poster was connecting to). It is clear there is not the same level of monetary incentive.
- whatshisface 4y ago>Decoupling the monetary incentives is a very good thing here. Didn't seem to help.
- crop_rotation 4y ago> Didn't seem to help. With what?
- whatshisface 4y agoLeading OpenAI in an altruistic direction rather than a profit-seeking one.
- crop_rotation 4y agoI don't think a non-profit OpenAI would ever have had enough resources to be anything but another also ran AI startup.