{"text":[[{"start":11.25,"text":"OpenAI’s foundation has said it will grant $250mn to promote research into AI’s impact on the economy and jobs, as the ChatGPT maker’s charitable arm aims to soften the impact of the powerful technology."}],[{"start":25.3,"text":"The foundation, separated from the start-up’s commercial business last year as part of a restructuring, is hiring a team and plans to begin making grants within a few months. "}],[{"start":35.05,"text":"“We are operating from the assumption that AI will have a massive impact on the economy and that we have little idea of what that will be or where it will go,” said Divya Siddarth, who co-leads the foundation’s work on how society adapts to AI alongside Wojciech Zaremba, an OpenAI co-founder. "}],[{"start":52.55,"text":"The foundation will invest in measuring the impact of AI on the economy, covering “employment, wages, transitions and firm behaviour”. It will then focus on helping workers navigate the disruption caused by AI and on bolstering economic security, including “sharing economic gains broadly for people around the world”."}],[{"start":72.44999999999999,"text":"Wednesday’s announcement is among the foundation’s first attempts to flesh out how it will deploy its cash despite its commitment in March to hand out $1bn over 12 months across various areas. The group is the ultimate steward of OpenAI’s mission to ensure artificial general intelligence, or AGI, “benefits all of humanity”."}],[{"start":93.54999999999998,"text":"Zaremba said the effects from the technology could be as far-reaching as those from the industrial revolution, which prompted changes to the tax system and education as well as the workplace."}],[{"start":105.14999999999998,"text":"He described the foundation’s role as partnering with civil society and government to “handle the transition and work out what a post-AGI future should look like . . . We think there’s a way to be working on the transformation today, even though in a sense we’re navigating fog.”"}],[{"start":122.54999999999998,"text":"He also stressed the urgency of building resilience and ensuring the technology was a net benefit. "}],[{"start":128.85,"text":"Since OpenAI converted to a more traditional for-profit structure last October, the foundation has carried forward the responsibilities of the non-profit, and owns 26 per cent of OpenAI’s business arm, worth more than $200bn at the company’s current $852bn valuation. "}],[{"start":148.7,"text":"In all, the foundation has committed to spend $25bn to ameliorate the negative impacts of AI as well as leverage the technology to cure disease and improve work, and could sell down its stake to fund future grant-making. "}],[{"start":162.75,"text":"Critics including Elon Musk have argued OpenAI has in effect abandoned its mission in the pursuit of profit, accusing chief executive Sam Altman of “stealing a charity” during a high-profile trial this month and pointing out that the foundation is yet to disperse any grants. "}],[{"start":180.85,"text":"Altman, who sits on the board of both the non-profit foundation and the group’s for-profit arm, has argued the foundation retains ultimate control given it has the power to hire and fire directors of the business."}],[{"start":193,"text":"At the trial, in which Musk’s case was dismissed, Altman’s defence team repeatedly described the foundation as “one of the best-funded non-profit organisations in history”; while Altman said he hoped one day it might have trillions of dollars to deploy. "}],[{"start":216.75,"text":""}]],"url":"https://audio.ftcn.net.cn/album/a_1779949881_1033.mp3"}