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, they announced a team, and a commitment; giving "at least $1 billion" over the coming year; in the full post, I argue that given their values and expectations, everyone should agree that this is far too little, moving far too slowly.
---
First published:
March 25th, 2026
Source:
https://www.lesswrong.com/posts/5ftrtBv64cChgzYdp/usd1-billion-is-not-enough-openai-foundation-must-start
---
Narrated by TYPE III AUDIO.
