OpenAI recently hired Peter Steinberger, the developer behind the open-source software OpenClaw, to build autonomous AI agents, while private equity billionaire Stephen Schwarzman is reportedly expanding his philanthropic foundation with a focus on AI and education, according to multiple sources. These developments come as experts warn of both the potential and pitfalls of artificial intelligence, with one AI-powered private school facing scrutiny and concerns raised about the global economic and retirement landscapes.
OpenAI CEO Sam Altman announced the hiring of Steinberger, whose OpenClaw software had gained significant popularity in recent months, according to Fortune. Steinberger stated that joining OpenAI would allow him to pursue his goal of bringing AI agents to the masses without the burden of running a company.
Schwarzman, co-founder of Blackstone, which now manages over $1.3 trillion in assets, is reportedly aiming to build a top 10 philanthropic foundation focused on AI and education, as reported by the Wall Street Journal and reviewed by Fortune. The Stephen A. Schwarzman Foundation, which had $65 million in total assets as of 2024, recently hired an executive director to oversee the expansion of Schwarzman's vision, according to the WSJ report.
However, the rapid advancement of AI is not without its challenges. Alpha School, an AI-powered private school costing up to $65,000 a year, is facing criticism for generating faulty lesson plans and scraping data from other online courses without permission, according to former employees and internal company documents cited by Hacker News.
These developments occur against a backdrop of broader economic concerns. Ray Dalio, founder of Bridgewater Associates, warned of a "great disorder" period for the world economy, marked by a "clash of great powers," similar to the 1930s, according to Fortune. Dalio cited a recent report from the Munich Security Conference, which claims the world has entered an era of "wrecking-ball" geopolitics.
Furthermore, BlackRock CEO Larry Fink warned that Americans have not saved enough for retirement, as reported by Fortune. A survey conducted by BlackRock revealed that the average American believes they need approximately $2.1 million to retire comfortably, yet 62% of those surveyed had less than $150,000 saved. Fink, who has long warned about America's retirement crisis, emphasized the potential failure of the social security system.
AI Experts & Community
Be the first to comment