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[return to "Altman was raising billions from Middle East sovereign funds for AI chip startup"]
1. medler+E6[view] [source] 2023-11-18 20:58:36
>>A_Duck+(OP)
This article appears to be their source: https://archive.ph/wQOhC

> Alongside rifts over strategy, board members also contended with Altman’s entrepreneurial ambitions. Altman has been looking to raise tens of billions of dollars from Middle Eastern sovereign wealth funds to create an AI chip startup to compete with processors made by Nvidia Corp., according to a person with knowledge of the investment proposal. Altman was courting SoftBank Group Corp. chairman Masayoshi Son for a multibillion-dollar investment in a new company to make AI-oriented hardware in partnership with former Apple designer Jony Ive. Sutskever and his allies on the OpenAI board chafed at Altman’s efforts to raise funds off of OpenAI’s name, and they harbored concerns that the new businesses might not share the same governance model as OpenAI, the person said.

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2. nytesk+k7[view] [source] 2023-11-18 21:02:08
>>medler+E6
So he was looking to build his own AI chips with a company he owned and supply them to OpenAI? And enlist SoftBank for funding? Isn’t this very similar to Adam Neumans tactics?
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3. ethanb+c9[view] [source] 2023-11-18 21:13:23
>>nytesk+k7
This seems way, way more reasonable than WeWork.

Maybe if Altman bought every datacenter and then nudged OpenAI toward renting them out, or if Altman bought the "Open" trademark and licensed it to OpenAI for a million dollars or whatever.

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4. bmitc+Vj[view] [source] 2023-11-18 22:16:50
>>ethanb+c9
> This seems way, way more reasonable than WeWork.

Really? Altman advertised and marketed himself as someone with no vested financial interest in OpenAI, but then he's going around creating companies with foreign states and companies that will then sell to the non-profit he's CEO of?

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5. ethanb+Rw[view] [source] 2023-11-18 23:23:56
>>bmitc+Vj
To be clear, I don’t think that would be totally above board; it wouldn't seem ethical to my moral compass at least.

I just think it’s far short of the completely indefensible, totally unambiguous, and obviously fraudulent behavior of Neumann.

There are gradations of conflict and malfeasance.

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