Further, as you hinted, long term is not their problem. They get a bump, cash in a few million dollars worth of RSUs, and either saddle the next guy with the fallout, it of they haven’t left yet “whoopsie, but I can blame the LLM and I was just following best practices in the industry at the time”. Either way they have enough to not even pretend to work another day of their life, even ignoring previous grifts, and they’ll go on and do the same thing to some other company when they bail or the company falls over.
At the moment, nothing will be done. There’s no way the current SEC chair will give a fuck about this sort of stuff.
But assuming a competent chair ever gets in charge, I expect there to be a shit show of lawsuits. It really doesn’t matter that “the LLM did it” lying on those mandatory reports can lead to big fines.
Further, as you hinted, long term is not their problem. They get a bump, cash in a few million dollars worth of RSUs, and either saddle the next guy with the fallout, it of they haven’t left yet “whoopsie, but I can blame the LLM and I was just following best practices in the industry at the time”. Either way they have enough to not even pretend to work another day of their life, even ignoring previous grifts, and they’ll go on and do the same thing to some other company when they bail or the company falls over.
At the moment, nothing will be done. There’s no way the current SEC chair will give a fuck about this sort of stuff.
But assuming a competent chair ever gets in charge, I expect there to be a shit show of lawsuits. It really doesn’t matter that “the LLM did it” lying on those mandatory reports can lead to big fines.