OpenAI does not waste time.

On Friday I covered their announcement that they had ‘completed their recapitalization’ by converting into a PBC, including the potentially largest theft in human history.

Then this week their CFO Sarah Friar went ahead and called for a Federal ‘backstop’ on their financing, also known as privatizing gains and socializing losses, also known as the worst form of socialism, also known as regulatory capture. She tried to walk it back and claim it was taken out of context, but we’ve seen the clip.

We also got Ilya's testimony regarding The Battle of the Board, confirming that this was centrally a personality conflict and about Altman's dishonesty and style of management, at least as seen by Ilya Sutskever and Mira Murati. Attempts to pin the events on ‘AI safety’ or EA were almost entirely scapegoating.

Also it turns out they lost over $10 billion last quarter, and have plans to lose over $100 billion more. That's actually highly sustainable in context, whereas Anthropic only plans to lose $6 billion before turning a profit and I don’t understand why they wouldn’t want to lose a lot more.