Team

Board

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Close-up of Mike McCormick with short, light brown hair, wearing a button-up denim shirt, looking at the camera with a slight smile

Advisors

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Conflict of Interest Disclosures

Why this matters

Our work is ultimately about trust – trust in AI systems, AI companies, and in the frontier AI auditing ecosystem we are trying to help bring about. Disclosing and managing AVERI’s own potential conflicts of interest is essential in order to earn various stakeholders’ trust in the integrity of our work.

Examples of conflicts of interest

Potential conflicts of interest may arise when our team members or organization have relationships or interests that could influence or appear to influence the integrity of our work. These may include:

  • Financial interests or investments in organizations we might audit or that we might advocate for others to audit

  • Prior or ongoing consulting engagements with audited entities

  • Employment, advisory, familial, or personal relationships with individuals connected to audited entities

How we manage conflicts

We require all staff and contractors to disclose potential conflicts of interest to the leadership and administrative teams upon starting and biannually. When a conflict is identified, mitigation steps may include recusing personnel from projects or declining an engagement entirely. Where conflicts can be managed rather than requiring recusal, mitigation measures may include soliciting peer review from other organizations on the work in question, heightened oversight of a project involving conflicted personnel, and/or transparency statements in audit reports. We also require public disclosure of the most significant conflicts our our website.

AVERI COIs

Many AVERI employees have financial exposure to the AI sector as a whole as a result of owning shares in (non-AI-specific) stock indices such as the S&P 500, which includes companies like NVIDIA, Microsoft, Meta, and Alphabet. Some of these companies in turn own portions of non-publicly-traded AI companies such as OpenAI and Anthropic. Additionally, members of our team have individual investments in Microsoft, Google, NVIDIA, and Broadcom. Members of our staff have been employed at companies including OpenAI and Microsoft. Any ongoing, material financial conflict of interest, and any recent interpersonal conflict of interest, whether actual or perceived, is subject to mandatory recusals.

AVERI’s Executive Director, Miles Brundage, earned equity in OpenAI while employed at the company. He has since sold all shares that he is eligible to sell and will sell the remainder as soon as he is able to do so. Miles also has investments in venture capital funds which include exposure to AI companies, though this and the OpenAI equity are both small fractions of his net worth compared to publicly-traded stock indices. Miles has personal relationships with employees at a range of frontier AI companies. Under AVERI's policies, Miles is recused from directly auditing OpenAI until at least two years after his departure (though he may help facilitate an audit principally led by others, with all of his involvement documented clearly in any related public outputs), with possible extension depending on the timing of his final direct equity sale.