$1 billion is not enough; OpenAI Foundation must start spending tens of billions each year
OpenAI is now a public benefit corporation, with a charter that demands they use AGI for the benefit of all, and do so safely. To justify this structure to the Attorneys General of Delaware and California, they split off the nonprofit OpenAI Foundation, and instead of full ownership, gave it 27% equity, worth well over $150 billion - what some have called the largest theft in human history. They said at the time they would donate a small fraction of the value, $25 billion, eventually.This week,
By Davidmanheim