Altman says he is willing to spend $50 billion to develop general AI

Sam Altman, CEO of OpenAI, recently stated that any cost is reasonable to become the first company to develop general artificial intelligence (AGI). Altman said this week in a conversation with Stanford students, "I don't care if we burn $500 million, $5 billion, or $50 billion a year. I really don't care. As long as we can find a way to pay the bills, we will do AGI." Altman also said that in the process of spending a lot of money developing AGI, he is more concerned about how quickly society can adapt to the progress made by his company.