Pentagon official overseeing military AI sold millions worth of stock in AI firm
Summary
Emil Michael, a top Pentagon official in charge of military AI policy, sold millions of dollars in stock from AI companies while working at the Pentagon. His stock sales include shares in Elon Musk’s AI company xAI and another firm called Perplexity, raising concerns about conflicts of interest.Key Facts
- Emil Michael oversees military artificial intelligence policy at the Pentagon.
- He sold between $5 million and $25 million in stock from the AI company Perplexity in June.
- Earlier, he profited between $24 million and more from selling shares in Elon Musk’s xAI.
- Michael received a personal loan from Perplexity of up to $500,000 and briefly served on its advisory board.
- Ethics rules say he promised not to profit from some unvested stocks, but it is unclear which shares he sold.
- Perplexity has a contract with the US government's General Services Administration.
- Michael also sold stock from Brex LLC, a financial software company, for $4.25 million to $24 million.
- The Pentagon says Michael and other officials follow all ethics laws and rules.
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