4 ms·

You're directly or indirectly making sure the company you've invested in will get boosted if you as CEO owns a stake. Therefore it's a conflict of interest - wh

You're directly or indirectly making sure the company you've invested in will get boosted if you as CEO owns a stake. Therefore it's a conflict of interest - what if that particular company is only the second best to deal with? Either you as CEO or any middle-manager under you will probably give it some bonus points and it will end up getting the deal, news outlets will write about it, etc etc. At the very least you should let the board handle any potential dealings with the company and have 100% disclosure at all times (as you say)

newsclues 3y ago
If you are on the board of directors, and also invest in the local power company, is it a conflict of interest if the company pays for power from the local utility? Again, not a lawyer, but I think there is a legal difference between the appearance of conflict of interest, and an actual conflict.
- darkerside 3y ago
  It is if there is an exhaustive search of multiple competing providers, and the one you invest in happens to be selected
mrangle 3y ago
The completely anomalous board that specifically doesn't have a profit mission and therefore doesn't hold the company's well being as the first priority? That board is supposed to make decisions on purchasing? What this comes down to is: a. Is it legal? b. Is any grey area worth challenging in court, if possible at all? c. OAI is operating under a weird form of public scrutiny that other companies largely aren't, for normal if questionable phenomena like this issue, because the public is suffering under the illusion that they have a company stake (and that somehow decisions like this are indicative of a moral hazard that jeapordizes that stake). Nothing is going to stop LLM ("AI") re-modeling of the communal world. OAI will be far from the only player in that process. If anything, all of this nonsense attention on Altman's minutia will just serve to distract from anything actually helpful that could be done.

newsclues 3y ago

If you are on the board of directors, and also invest in the local power company, is it a conflict of interest if the company pays for power from the local utility? Again, not a lawyer, but I think there is a legal difference between the appearance of conflict of interest, and an actual conflict.

darkerside 3y ago
It is if there is an exhaustive search of multiple competing providers, and the one you invest in happens to be selected

mrangle 3y ago

The completely anomalous board that specifically doesn't have a profit mission and therefore doesn't hold the company's well being as the first priority? That board is supposed to make decisions on purchasing? What this comes down to is: a. Is it legal? b. Is any grey area worth challenging in court, if possible at all? c. OAI is operating under a weird form of public scrutiny that other companies largely aren't, for normal if questionable phenomena like this issue, because the public is suffering under the illusion that they have a company stake (and that somehow decisions like this are indicative of a moral hazard that jeapordizes that stake). Nothing is going to stop LLM ("AI") re-modeling of the communal world. OAI will be far from the only player in that process. If anything, all of this nonsense attention on Altman's minutia will just serve to distract from anything actually helpful that could be done.