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OpenAI Startup Fund: GP Hallucination

Apr 02, 2024 - nongaap.com
The article discusses the possibility of OpenAI Startup Fund using a front company, Vespers Inc., to obscure certain transactions and actions. The author suggests that Vespers Inc., which was temporarily given control of the fund, might have been created with AI assistance and used pseudonymous or fictitious individuals as placeholder directors and executives. The author also raises questions about the legitimacy of Vespers Inc., noting its short tenure as manager, changing addresses, and the absence of Sam Altman, the owner of OpenAI Startup Fund, from its board.

The author speculates that the use of a front company could potentially shield parties from legal fights and liability, and facilitate undisclosed transactions that wouldn't be directly attributed to Sam Altman or other OpenAI-linked parties. The author believes that these actions deserve scrutiny and attention, and calls for a thorough investigation into the matter.

Key takeaways:

  • The article discusses the possibility of Vespers Inc., a company that was temporarily in control of OpenAI Startup Fund, being a front company created with AI assistance.
  • It suggests that Vespers Inc. might have used pseudonymous and/or fictitious individuals to serve as placeholder Directors and Executives, which raises concerns about corporate governance.
  • The author believes that Vespers Inc.'s purpose was not to lead OpenAI’s VC fund, but to facilitate transactions and/or actions that Sam Altman and others did not want attributed to them.
  • The article calls for scrutiny and attention towards this issue, as it could potentially impact OpenAI's reputation and operations.
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