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Sam Altman at Italian Tech Week 2024
Sam Altman at Italian Tech Week 2024 (Stefano Guidi/Getty Images)

Altman: Artificial general intelligence will arrive during Trump’s time

The OpenAI CEO admitted to moving the goalposts as to what that means, however.

Jon Keegan
1/6/25 11:58AM

In a wide-ranging interview with Bloomberg, OpenAI CEO Sam Altman reflected on his tumultuous leadership during the young company’s most consequential moments, and shed light on the progress of company’s quest for its Holy Grail: AGI, or artificial general intelligence.

Filling in some details of early OpenAI lore, Altman decided to release the first version of ChatGPT against the advice of his team:

“‘Why are you making us launch this? It’s a bad decision. It’s not ready.’ I don't make a lot of ‘we’re gonna do this thing’ decisions, but this was one of them.”

Altman said he told the team, “I think we have something on our hands that we do not appreciate here.”

Defining exactly what AGI means is slippery, and Altman admits to moving the goalposts.

“Can it start as a computer program and decide it wants to become a doctor? Can it do what the best people in the field can do or the 98th percentile? How autonomous is it? I don’t have deep, precise answers there yet, but if you could hire an AI as a remote employee to be a great software engineer, I think a lot of people would say, ‘OK, that’s AGI-ish.’”

Altman predicted that AGI will be achieved during the new Trump admin, and he didn’t make much of his $1 million personal donation to Trump’s inaugural committee. “He’s the president of the United States. I support any president.”

That said, he did not donate to Biden’s inauguration.

When asked about the potential risks of ChatGPT’s misuse, such as being used to develop bioweapons, Altman wants to move fast and break things:

“I can simultaneously think that these risks are real and also believe that the only way to appropriately address them is to ship product and learn.”

Altman said the company has been working hard with partners like Nvidia to secure enough GPUs for its voracious computing needs, and is working on its own chips as well.

As for powering all these energy-hungry data centers that OpenAI relies on, Altman would prefer to use nuclear fusion, which has yet to be commercialized at scale (though Altman is bullish on his fusion startup, Helion).

Altman’s recent squabbles with OpenAI cofounder Elon Musk have drawn a lot of attention, including Musk’s lawsuits seeking to block OpenAI’s restructuring to a for-profit company.

When asked about the threat of Musk’s newfound power as Trump’s adviser and buddy:

“The question was, will he abuse his political power of being co-president, or whatever he calls himself now, to mess with a business competitor? I don’t think he’ll do that. I genuinely don’t. May turn out to be proven wrong.”

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Jon Keegan
9/11/25

OpenAI and Microsoft reach agreement that moves OpenAI closer to for-profit status

In a joint statement, OpenAI and Microsoft announced a “non-binding memorandum of understanding” for their renegotiated $13 billion partnership, which was a source of recent tension between the two companies.

Settling the agreement is a requirement to clear the way for OpenAI to convert to a for-profit public benefit corporation, which it must do before a year-end deadline to secure a $20 billion investment from SoftBank.

OpenAI also announced that the controlling nonprofit arm would hold an equity stake in the PBC valued at $100 billion, which would make it “one of the most well-resourced philanthropic organizations in the world.”

The statement read:

“This recapitalization would also enable us to raise the capital required to accomplish our mission — and ensure that as OpenAI’s PBC grows, so will the nonprofit’s resources, allowing us to bring it to historic levels of community impact.”

Settling the agreement is a requirement to clear the way for OpenAI to convert to a for-profit public benefit corporation, which it must do before a year-end deadline to secure a $20 billion investment from SoftBank.

OpenAI also announced that the controlling nonprofit arm would hold an equity stake in the PBC valued at $100 billion, which would make it “one of the most well-resourced philanthropic organizations in the world.”

The statement read:

“This recapitalization would also enable us to raise the capital required to accomplish our mission — and ensure that as OpenAI’s PBC grows, so will the nonprofit’s resources, allowing us to bring it to historic levels of community impact.”

tech
Rani Molla
9/11/25

BofA doesn’t expect Tesla’s ride-share service to have an impact on Uber or Lyft this year

Analysts at Bank of America Global Research compared Tesla’s new Bay Area ride-sharing service with its rivals and found that, for now, its not much competition for Uber and Lyft. “Tesla scale in SF is still small, and we dont expect impact on Uber/Lyft financial performance in 25,” they wrote.

Tesla is operating an unknown number of cars with drivers using supervised full self-driving in the Bay Area, and roughly 30 autonomous robotaxis in Austin. The company has allowed the public to download its Robotaxi app and join a waitlist, but it hasn’t said how many people have been let in off that waitlist.

While the analysts found that Tesla ride-shares are cheaper than traditional ride-share services like Uber and Lyft, the wait times are a lot longer (nine-minute wait times on average, when cars were available at all) and the process has more friction. They also said the “nature of [a] Tesla FSD ‘driver’ is slightly more aggressive than a Waymo,” the Google-owned company that’s currently operating 800 vehicles in the Bay Area.

APPLE INTELLIGENCE

Apple AI was MIA at iPhone event

A year and a half into a bungled rollout of AI into Apple’s products, Apple Intelligence was barely mentioned at the “Awe Dropping” event.

Jon Keegan9/10/25
tech
Jon Keegan
9/10/25

Oracle’s massive sales backlog is thanks to a $300 billion deal with OpenAI, WSJ reports

OpenAI has signed a massive deal to purchase $300 billion worth of cloud computing capacity from Oracle, according to a report from The Wall Street Journal.

The report notes that the five-year deal would be one of the largest cloud computing contracts ever signed, requiring 4.5 gigawatts of capacity.

The news is prompting shares to pare some of their massive gains, presumably because of concerns about counterparty and concentration risk.

Yesterday, Oracle shares skyrocketed as much as 30% in after-hours trading after the company forecast that it expects its cloud infrastructure business to see revenues climb to $144 billion by 2030.

Oracle shares were up as much as 43% on Wednesday.

It’s the second example in under a week of how much OpenAI’s cash burn and fundraising efforts are playing a starring role in the AI boom: the Financial Times reported that OpenAI is also the major new Broadcom customer that has placed $10 billion in orders.

Yesterday, Oracle shares skyrocketed as much as 30% in after-hours trading after the company forecast that it expects its cloud infrastructure business to see revenues climb to $144 billion by 2030.

Oracle shares were up as much as 43% on Wednesday.

It’s the second example in under a week of how much OpenAI’s cash burn and fundraising efforts are playing a starring role in the AI boom: the Financial Times reported that OpenAI is also the major new Broadcom customer that has placed $10 billion in orders.

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