The generative AI giant’s once lofty vision of creating an artificial general intelligence (AGI) for the “benefit of humanity” has officially ended as the month’s $10 billion share sale and $500 billion market valuation have fallen into the hands of some of the most ruthless tech companies and investment funds on the planet.
From 100% nonprofit ownership in 2015 to a “public benefit company” by 2024, CEO Sam Altman successfully reduced OpenAI’s nonprofit stake to just about 20-30%, with no special shareholder rights in the new ownership structure.
Who are they?
Microsoft: a notorious anti-competitive violator, a pioneer of market monopoly and digital control, not to mention its founder, Bill Gates’ obsession with eugenics and population control. More than $13 billion in investment.
SoftBank: known for its bubble-creating pump and dump schemes, as well as the Stargate Project, a digital corporate and state takeover hidden behind AI and data center investments. Up to $40 billion for OpenAI.
Khosla Ventures, Thrive Capital, and MGX – investors with a history of fraud, extortion, foreign sovereign wealth management, and alleged backdoor bribery cases involving influential U.S. politicians. Altman (who publicly states that he is not looking for a stake)
What does privatized AGI mean?
If OpenAI succeeds in developing AGI, it would mean handing over technology created in a nonprofit, mission-driven structure to the world’s worst players OpenAI businesses, where shareholder priority is the strategy. In other words, profit above all, where the remaining economic correctness does not matter.
Translated and edited by L.Earth