OpenAI, and then Anthropic, were each formed by AI developers who feared unrestrained corporate AI development – specifically, that companies like Google and Meta would steer the technology towards deleterious, maybe even catastrophically unsafe, outcomes for society. Their founders proclaimed that their new labs, uniquely, could be trusted to develop the technology in humanity’s best interest. But each, in turn, were themselves co-opted by the same market incentives, themselves becoming corporate behemoths zealously guarding future investor value rather than the public interest.
It was only a few weeks ago, in June, when OpenAI and Anthropic each filed for their IPOs and were met with buzz about trillion-dollar valuations. The hype around their valuations is so extreme that many worry about their potential for concentrating wealth on a global scale. In an effort to leave something for the rest of us, some observers have proposed that the federal government seize a share of these companies’ stock to create a US sovereign wealth fund, or redistribute their revenues to produce a dividend for taxpayers.
