Sam Altman has claimed over the years that the advancement of AI could solve climate change, cure cancer, create a benevolent superintelligence beyond human comprehension, provide a tutor for every student, take over nearly half of the tasks in the economy and create what he calls “universal extreme wealth”.
In order to bring about his utopian future, Altman is demanding enormous resources from the present. As CEO of OpenAI, the world’s most valuable privately owned company, he has in recent months announced plans for $1tn of investment into datacenters and struck multibillion-dollar deals with several chipmakers. If completed, the datacenters are expected to use more power than entire European nations. OpenAI is pushing an aggressive expansion – encroaching on industries like e-commerce, healthcare and entertainment – while increasingly integrating its products into government, universities, and the US military and making a play to turn ChatGPT into the new default homepage for millions.
Altman’s long bid to make himself the power broker of a new, AI-powered society has started to look closer to reality as a large portion of the US economy now rides on the success of his vision. There are reports the company is preparing to go public towards the end of 2026 with up to a $1tn valuation in one of the biggest initial public offerings in history.
OpenAI and Altman’s burgeoning empire is not going unchallenged. Google’s rival Gemini AI chatbot is advancing fast enough that Altman last month issued a company-wide “code red” to refocus on ChatGPT. Many analysts have become concerned that OpenAI may be becoming too big to fail as it expands its infrastructure and computing spending, while circular funding deals with partners have not assuaged those fears. Then there is the fact that OpenAI is burning through tens of billions of dollars, with even its own optimistic forecasts showing the startup is years from becoming profitable.
In an effort to maintain investor confidence in this profit-free spending spree and avoid regulatory crackdowns, Altman has intensified a charm offensive over the past year, deepened his political connections and promised even more from OpenAI – with the company claiming that AI will soon be a utility “on par with electricity, clean water, or food”. The CEO has also expanded his personal portfolio, backing new energy and neuroscience technologies just as other tech moguls have. This year will test: can he maintain the relentless balancing act?
Altman and OpenAI get political
As OpenAI sought to shift its main business to a for-profit corporation in 2025 and faced down attempts from states across the US to pass AI regulation, it greatly expanded its efforts to influence lawmakers. The company spent $2.99m on lobbying efforts in…
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