• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechOpenAI

OpenAI’s Sam Altman doesn’t care how much AGI will cost: Even if he spends $50 billion a year, some breakthroughs for mankind are priceless

Christiaan Hetzner
By
Christiaan Hetzner
Christiaan Hetzner
Senior Reporter
Down Arrow Button Icon
Christiaan Hetzner
By
Christiaan Hetzner
Christiaan Hetzner
Senior Reporter
Down Arrow Button Icon
May 3, 2024, 12:11 PM ET
OpenAI boss Sam Altman
OpenAI boss Sam Altman says he’s putting AI in society’s hands now to prepare it for the day when AGI arrives.Kevin Mazur—Getty Images for TIME

If you had a chance to advance civilization and change the course of human history, could you put a price tag on it?

Recommended Video

Sam Altman sure wouldn’t. In his relentless pursuit to be the first to develop artificial general intelligence (AGI), the OpenAI boss believes any cost is justified—even as he refuses to predict how long that goal may take to achieve. 

“There is probably some more business-minded person than me at OpenAI somewhere worried about how much we’re spending, but I kinda don’t,” he told students at Stanford University this week, where he had been enrolled until dropping out after his sophomore year to launch a startup.

“Whether we burn $500 million a year or $5 billion—or $50 billion a year—I don’t care, I genuinely don’t,” he continued. “As long as we can figure out a way to pay the bills, we’re making AGI. It’s going to be expensive.”

AGI is widely considered to be the level at which AI is as capable at reasoning as an intelligent human, but the definition is vague. For example, Elon Musk is suing OpenAI, arguing it has already achieved AGI with GPT-4, the large language model that powers ChatGPT.

Cofounded by Altman, Musk, Greg Brockman, and Ilya Sutskever in December 2015, OpenAI has been at the forefront of the generative AI revolution and counts Microsoft as a major investor. The phrase “ChatGPT moment,” named after the late 2022 launch of its gen AI chatbot that became a wild commercial success, has come to mean a breakthrough in technology. 

Altman pushed back against the characterization that ChatGPT is some “phenomenal” device, despite all the myriad accomplishments to its credit.

“That’s nice of you to say, but ChatGPT is not phenomenal,” he replied, calling it “mildly embarrassing at best.” 

This evasive answer may have been more than self-depreciation, perhaps also an indication of just how far advanced OpenAI’s current research projects are, which haven’t been commercially deployed. Before ChatGPT was launched, the system was optimized to be cost effective in terms of its compute cost.

Much newer tools like Sora, which can create brief ultrarealistic or stylized video clips using only text prompts, isn’t ready for a market launch yet. That’s in part because while Sora is far more powerful, it is also far more expensive.

Tight feedback loop to help society and AI coevolve together

Altman believes in iterative deployment, arguing how important it is to ship early and allow society to inform companies like OpenAI what it collectively—and people individually—want from the technology.

“If we go build AGI in a basement, and then the world is kind of blissfully walking blindfolded along, I don’t think that makes us very good neighbors,” he said. 

The best way, in other words, to give leaders and institutions time to react, is to put the product in people’s hands and let society coevolve alongside ever more powerful AI tools. 

“That means we ship imperfect products, but we have a very tight feedback loop, and we learn and get better. It does kind of suck to ship a product you’re embarrassed about, but it is much better than the alternative,” he said. 

In his costly pursuit to develop AGI, Altman said he was more worried about how quickly society would be able to adapt to the advances his company was achieving.  

“One thing we’ve learned is that AI and surprise don’t go well together,” he said. “People want a gradual rollout and the ability to influence these systems.”

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Author
Christiaan Hetzner
By Christiaan HetznerSenior Reporter
Instagram iconLinkedIn iconTwitter icon

Christiaan Hetzner is a former writer for Fortune, where he covered Europe’s changing business landscape.

See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

rick
AIEntrepreneurship
Meet a 29-year-old blue-collar founder who used AI to triple his revenue in 3 years
By Nick LichtenbergMarch 28, 2026
5 hours ago
AIElon Musk
Elon Musk’s companies, once welcomed in Baltimore with open arms, are now getting stiff-armed—or sued
By Jessica MathewsMarch 28, 2026
5 hours ago
tomas
CommentaryColleges and Universities
Former Trump advisor: ‘Conservatives’ risk killing America’s golden goose by taxing university research
By Tomas J. PhilipsonMarch 28, 2026
5 hours ago
Big TechElon Musk
Elon Musk’s name alone is turning Nashville residents against his tunnel project, survey shows
By Marco Quiroz-GutierrezMarch 28, 2026
6 hours ago
barlow
CommentaryData centers
Data centers aren’t breaking the grid. A broken grid is
By Brian BarlowMarch 28, 2026
7 hours ago
Big TechHealth
Are you addicted to technology? 6 questions experts use to help spot red flags
By Kristin StollerMarch 28, 2026
9 hours ago

Most Popular

Success
Meetings are not work, says Southwest Airlines CEO—and he’s taking action by blocking his calendar every afternoon from Wednesday to Friday 
By Fortune EditorsMarch 27, 2026
1 day ago
Personal Finance
Current price of gold as of March 27, 2026
By Fortune EditorsMarch 27, 2026
1 day ago
AI
Exclusive: Anthropic acknowledges testing new AI model representing ‘step change’ in capabilities, after accidental data leak reveals its existence
By Fortune EditorsMarch 26, 2026
2 days ago
Personal Finance
Current price of silver as of Friday, March 27, 2026
By Fortune EditorsMarch 27, 2026
1 day ago
Economy
‘There is no silver lining in this trajectory’: Budget watchdog warns of financial, inflation, or currency crisis due to $39 trillion U.S. debt
By Fortune EditorsMarch 27, 2026
1 day ago
Success
Gen Z will give up $5,000 in pay to log off at 5—but still expects a corner office
By Fortune EditorsMarch 27, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.