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A seemingly fake person was running OpenAI's $175 million startup fund

Mar 30, 2024 - businessinsider.com
The Orchard, a housing complex in Santa Ana, California, was briefly listed as the headquarters of OpenAI's $175 million venture capital fund in 2023, according to documents filed with the California Secretary of State. The documents, which were first highlighted in the Non-Gaap Investing newsletter, named Jacob Thomas Vespers and Vespers Inc as the fund's manager. However, OpenAI spokesperson Madhav Dutt has stated that these documents were fabricated and that the company was unaware of the filing until a journalist brought it to their attention in July 2023.

Despite the documents listing the address of Vespers Inc as unit 234 in The Orchard, Paul Carroll, COO of Integrity Housing, the company that owns and operates The Orchard, denies any knowledge of businesses being run from the building. OpenAI made an official filing in August 2023, which does not list anyone as the manager of the fund. The company did not report the allegedly fabricated filing to any authorities. The online presence of Jacob Thomas Vespers, who is associated with at least seven businesses, is unclear and potentially AI-generated.

Key takeaways:

  • The Orchard, a housing complex in Santa Ana, was briefly listed as the headquarters of OpenAI's $175 million venture capital fund in 2023, according to documents filed with the California Secretary of State.
  • The documents listed Jacob Thomas Vespers and Vespers Inc as the manager of the fund, but OpenAI spokesperson Madhav Dutt claims these documents were fabricated and illegitimate.
  • OpenAI did not report the allegedly fabricated filing to any authorities when informed about it by a journalist in July 2023.
  • Jacob Thomas Vespers, who does not seem to exist according to OpenAI, is associated with at least 7 different businesses run out of unit 234 at The Orchard, according to corporate records.
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