Sam Altman is building a vast tech empire. His investment portfolio includes over 20 companies that more or less challenge the role of government in society.
However, in a new interview with the Financial Times, the billionaire explained he has no plans to end government intermediation. Rather, he believes the public sector lacks the will to lead innovation.
People ask me regularly, “Don’t you think this should be done by the government?”
At startup OpenAI, Altman’s team has leapfrogged tech giants to build artificial intelligence technology that could transform the future of work, web search, and education. The company’s chatbot ChatGPT, released in November, reignited the AI arms race after showing automation potential as a consumer technology.
And this week, Worldcoin, a 38-year-old blockchain project, expanded to 20 countries, providing digital verification infrastructure and a new cryptocurrency independent of national governments. Altman has also invested in a fusion startup that promises to produce unlimited clean energy. Both are part of a larger master plan, he said.
These are independent pieces of a particular vision of the future that I believe in, Altman said in an interview. In a well-functioning society, governments would: [artificial generative intelligence] project and [nuclear] There is fusion and a lot of them, but they are not.
Companies with Altman’s vision and portfolio face growing regulatory backlash. Worldcoin was launched amid increased regulation of cryptocurrency projects by the Securities and Exchange Commission (SEC). As such, Worldcoin has excluded the US market from its global expansion this week.
Meanwhile, OpenAI has been the subject of at least two class-action lawsuits for infringing copyrighted material and personal information to power language models and ChatGPT. The US Federal Trade Commission (FTC) is also investigating complaints that OpenAI may be involved in harmful misinformation about people. The company faces similar challenges in the European Union as it ramps up its efforts to regulate AI.
[We] Altman told the Financial Times that he would sit back and watch the nation’s capacity dwindle, regretting that it would either say there was no more technological progress, or do the next best thing and just build great companies.
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