Caroline Ellison Was Pushed by AI Fears, Says Ex-Colleague
Caroline Ellison, the previous CEO of Alameda Analysis, was reportedly pushed by considerations about synthetic intelligence (AI), in keeping with a letter submitted to Choose Lewis A. Kaplan by Leila Clark, a former FTX worker and Ellison’s pal.
The letter means that Ellison’s monetary motivations had been tied to her fears that AI may someday threaten human existence, prompting her to accumulate sufficient wealth to fight these potential risks.
“Maybe due to Caroline’s beliefs about AI, she devoted her life to work in a approach I discovered bewildering. Once I met Caroline once more in Hong Kong, I noticed her occasionally. She was within the workplace on a regular basis—fourteen hours a day, seven days every week,” Clark stated.
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Nonetheless, Clark clarified that Ellison’s AI fears didn’t excuse the fraudulent actions she was later convicted of. No particular methods or plans for addressing AI-related dangers had been talked about within the letter, although Clark’s account painted Ellison as an individual who felt an ethical obligation to guard the longer term.
Clark’s letter additionally referred to Ellison’s emotional struggles after her breakup with FTX CEO Sam Bankman-Fried. In response to Clark, Ellison felt a duty to assist finance Bankman-Fried’s spending regardless of her private unhappiness.
Ellison’s authorized points began in December 2022 when she pleaded responsible to a number of fees, together with wire fraud, commodities fraud, securities fraud, and cash laundering. These fees had been related to the misuse of consumer funds by each FTX and Alameda Analysis.
As a part of her plea deal, Ellison later testified towards Bankman-Fried throughout his trial in October 2023, admitting to falsifying Alameda’s monetary information to make the corporate appear much less dangerous than it really was.
In her courtroom testimony, Ellison additionally revealed that she had needed to resign from her place as CEO effectively earlier than the eventual collapse of FTX. Nonetheless, she claimed that Bankman-Fried satisfied her to remain, arguing that her departure would result in a lack of investor confidence and set off an enormous withdrawal of funds from Alameda.
Since her courtroom appearances, Ellison has largely stayed out of the general public eye.
In different information, FTX can pay Emergent Applied sciences $14 million as a part of a latest settlement; in trade, Emergent will withdraw claims to over $600 million value of Robinhood shares.
Gode is a Web3 Market Analyst who researches crucial trade occasions and interprets how they have an effect on the broader Web3 area. Her formal training in media tradition & digital rhetoric permits her to make use of a methodical method to evaluating crucial Web3 information information, together with large-scale occasions and the broader social sentiment throughout the ecosystem.
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