ALTMAN SELLS CORPORATE SOULS FOR FOUR BILLION DOLLARS #
Sam Altman walked up the concrete steps of a federal courthouse in Oakland on Tuesday, looking every bit the man who owns the future. While he was there to testify in Elon Musk’s lawsuit over OpenAI’s for-profit conversion, the real news was happening in the boardroom.
OpenAI has formally unveiled the OpenAI Deployment Company, a new $4 billion venture designed to shove AI into the heart of corporate America. According to Reuters and PitchBook, the unit is backed by a murderer’s row of private equity giants including TPG, Advent International, and Bain Capital.
Inside the courthouse, the drama was just as expensive. Ilya Sutskever, OpenAI’s co-founder, testified that he spent a year gathering proof of Altman’s alleged dishonesty, claiming the CEO’s conduct included “undermining and pitting executives against one another,” per Reuters.
Altman seems unbothered by the litigation or the accusations of court-room backstabbing. He is too busy signing contracts with consulting firms like McKinsey and PwC to ensure his models become the default operating system for every office on the planet.
This paper finds the timing instructive. One day he is a defendant in a suit about “for-profit conversion,” and the next he is launching a $4 billion vehicle to prove exactly how profitable that conversion can be.
It is the ultimate status move: treating a federal lawsuit as a minor distraction while you secede from the non-profit world in a gold-plated lifeboat. For Altman, the court is just a stage, and the $4 billion is the only verdict that matters.