"Emil Michael, who oversees the Pentagon's AI efforts, sold his xAI shares for between $5 million and $25 million, having initially valued them at up to $1 million. This sale raised concerns about potential conflicts of interest given his role in negotiating with AI companies."
"The Pentagon announced two agreements with xAI during the time Michael held the stock, including selecting Grok as a commercial provider for AI utilization, which further complicates the ethical implications of his financial gain."
Emil Michael, a high-ranking Pentagon official, sold his shares in Elon Musk's AI company, xAI, for a profit of up to $24 million. His stake was valued between $500,000 and $1 million when he joined the department. The sale occurred after the Pentagon announced agreements with xAI, raising questions about potential conflicts of interest. Michael received a divestiture certificate to comply with conflict of interest laws shortly before the sale. The increase in value of his shares amounted to a gain of between 400% and 4,800%.
Read at www.theguardian.com
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