From Nonprofit to Nonsense: Is OpenAI a Long Con?

Even the regulatory arena, where Altman publicly champions AI oversight, bears the fingerprints of double-dealing. While testifying in favor of federal regulation, OpenAI lobbied behind the scenes to weaken the EU AI Act and is now advocating for federal preemption of state AI safety laws in the US. Altman has called the very regulatory structure h... See more

Altman claimed under oath before Congress that he held no equity in OpenAI. Technically, perhaps. But in substance, he held indirect stakes through vehicles like Sequoia and Y Combinator’s funds. When OpenAI announced a partnership with Reddit, Altman’s 7.5 percent stake in Reddit netted him a $50 million windfall. When OpenAI agreed to purchase $5... See more