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Caroline Ellison's AI concerns revealed by former FTX employee

Caroline Ellison's AI concerns revealed by former FTX employee

GrafaGrafa2024/09/12 03:55
By:Mahathir Bayena

Caroline Ellison, the former CEO of Alameda Research, was motivated by concerns about artificial intelligence (AI) becoming a threat to humanity, according to a letter submitted to Judge Lewis A. Kaplan by Leila Clark, a former FTX (CRYPTO:FTT) employee and friend of Ellison.

The letter portrayed Ellison as someone who was deeply worried about the potential for AI to bring about catastrophic outcomes, such as the extinction of humanity.

Clark stated that Ellison's fears about AI led her to prioritise making as much money as possible to fund initiatives that could mitigate the dangers posed by advanced AI systems.

“She dedicated her life to work in a way I found bewildering,” Clark wrote, recalling Ellison's long hours at the office.

She noted that Ellison often worked up to fourteen hours a day, seven days a week, particularly after their paths crossed again in Hong Kong.

However, Clark clarified that while Ellison was committed to preventing an “AI disaster,” this did not justify the fraudulent actions she was later involved in.

Clark’s letter also hinted at Ellison’s personal struggles after her breakup with FTX CEO Sam Bankman-Fried.

She described Ellison as feeling pressured to support Bankman-Fried’s spending and empire-building despite her apparent dissatisfaction with her role at Alameda.

In 2023, Ellison testified that she had expressed a desire to resign from her position as CEO of Alameda Research months before FTX's downfall.

According to her, Bankman-Fried urged her to stay to avoid triggering panic among investors and a potential run on Alameda.

Her testimony further exposed troubling practices at FTX, including the manipulation of balance sheets to conceal Alameda’s significant financial exposure and its unauthorised access to FTX client funds.

At the time of writing, the FTX Token (FTT) price is $1.30.

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