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The claim was repeated on the website of the SPAC itself until the story ran. And the SPAC is run by… Sam Altman.

infecto 2y ago
I guess I don’t see the issue. The SPAC materials are largely pointless and immaterial until an acquisition is made. Purely a guess but I would assume they put these materials together when perhaps the board position was in play. Maybe he was fabricating it but it’s mostly a shrug moment for the SEC.
irjustin 2y ago
> And the SPAC is run by… Sam Altman. Yes, but this comes with the assumption that Sam writes and reviews the website copy, PR statements and S1 form submissions, which any organization of significant size, the CEO does not. I could believe Elon does though.
- jlarocco 2y ago
  Why do I get the feeling that if it said something bad they would have fixed it before somebody wrote an article about it... And if they can't be trusted to get their own team biographies right, what can they get right? If a run-of-the mill employee were lying about their experience, they'd be fired. But it's okay for the CEO because he's just so busy? What a double standard. Did they use their own product to write the bio, and it "hallucinated" that he was chairman?
  - refulgentis 2y ago
    I saw the same odd excuse deployed for the aggressive NDAs he was embarrassed to find out happened I think it's a mix of feels good to feel empathetic and say gee prolly just slipped by him, things slip by me, and then without interlocutors, could we ever have discussion? But it's an odd one
- pempem 2y ago
  Its assumed that many many people involved in an already really cloaked investment vehicle know that Sam is not. Thats the point. Not that Sam wrote it, that the organization signed off on it.
- wbl 2y ago
  You absolutely read the S1 statement. What else would you be reading?
  - TheDong 2y ago
    You would be reading your CFO or lawyer's summary of the important points. In this case, the only important point is probably literally just "We filed the S-1, everything went normally". Do you use an accountant to file your taxes? Do you read the entire tax document they submit, or do you just look at their summary of "after this much in deductions, you owe this much"? If you do read the document in full, good on you, but I assure you most people don't, in the same way that most CEOs don't read every single document the company's lawyer produces.
    - mtnGoat 2y ago
      Yes I do in fact read those things, every VP or above that I know does too. A meeting covers high points that doesn’t mean you don’t have to do your homework. Trust but verify.
- marcus0x62 2y ago
  It would be hilarious if some intern used ChatGPT to write the copy for the SPAC website and it hallucinated based off of being trained on the SEC filings.

I guess I don’t see the issue. The SPAC materials are largely pointless and immaterial until an acquisition is made. Purely a guess but I would assume they put these materials together when perhaps the board position was in play. Maybe he was fabricating it but it’s mostly a shrug moment for the SEC.

irjustin 2y ago

> And the SPAC is run by… Sam Altman. Yes, but this comes with the assumption that Sam writes and reviews the website copy, PR statements and S1 form submissions, which any organization of significant size, the CEO does not. I could believe Elon does though.

jlarocco 2y ago
Why do I get the feeling that if it said something bad they would have fixed it before somebody wrote an article about it... And if they can't be trusted to get their own team biographies right, what can they get right? If a run-of-the mill employee were lying about their experience, they'd be fired. But it's okay for the CEO because he's just so busy? What a double standard. Did they use their own product to write the bio, and it "hallucinated" that he was chairman?
- refulgentis 2y ago
  I saw the same odd excuse deployed for the aggressive NDAs he was embarrassed to find out happened I think it's a mix of feels good to feel empathetic and say gee prolly just slipped by him, things slip by me, and then without interlocutors, could we ever have discussion? But it's an odd one
pempem 2y ago
Its assumed that many many people involved in an already really cloaked investment vehicle know that Sam is not. Thats the point. Not that Sam wrote it, that the organization signed off on it.
wbl 2y ago
You absolutely read the S1 statement. What else would you be reading?
- TheDong 2y ago
  You would be reading your CFO or lawyer's summary of the important points. In this case, the only important point is probably literally just "We filed the S-1, everything went normally". Do you use an accountant to file your taxes? Do you read the entire tax document they submit, or do you just look at their summary of "after this much in deductions, you owe this much"? If you do read the document in full, good on you, but I assure you most people don't, in the same way that most CEOs don't read every single document the company's lawyer produces.
  - mtnGoat 2y ago
    Yes I do in fact read those things, every VP or above that I know does too. A meeting covers high points that doesn’t mean you don’t have to do your homework. Trust but verify.
marcus0x62 2y ago
It would be hilarious if some intern used ChatGPT to write the copy for the SPAC website and it hallucinated based off of being trained on the SEC filings.