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Professor leading OpenAI’s safety panel may have one of the most important roles in tech

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If you believe artificial intelligence poses grave risks to humanity, then a professor at Carnegie Mellon University has one of the most important roles in the tech industry right now.

Zico Kolter leads a 4-person panel at OpenAI that has the authority to halt the ChatGPT maker’s release of new AI systems if it finds them unsafe. That could be technology so powerful that an evildoer could use it to make weapons of mass destruction. It could also be a new chatbot so poorly designed that it will hurt people’s mental health.

“Very much we’re not just talking about existential concerns here,” Kolter said in an interview with The Associated Press. “We’re talking about the entire swath of safety and security issues and critical topics that come up when we start talking about these very widely used AI systems.”

OpenAI tapped the computer scientist to be chair of its Safety and Security Committee more than a year ago, but the position took on heightened significance last week when California and Delaware regulators made Kolter’s oversight a key part of their agreements to allow OpenAI to form a new business structure to more easily raise capital and make a profit.

Safety has been central to OpenAI’s mission since it was founded as a nonprofit research laboratory a decade ago with a goal of building better-than-human AI that benefits humanity. But after its release of ChatGPT sparked a global AI commercial boom, the company has been accused of rushing products to market before they were fully safe in order to stay at the front of the race. Internal divisions that led to the temporary ouster of CEO Sam Altman in 2023 brought those concerns that it had strayed from its mission to a wider audience.

The San Francisco-based organization faced pushback — including a lawsuit from co-founder Elon Musk — when it began steps to convert itself into a more traditional for-profit company to continue advancing its technology.

Agreements announced last week by OpenAI along with California Attorney General Rob Bonta and Delaware Attorney General Kathy Jennings aimed to assuage some of those concerns.

At the heart of the formal commitments is a promise that decisions about safety and security must come before financial considerations as OpenAI forms a new public benefit corporation that is technically under the control of its nonprofit OpenAI Foundation.

Kolter will be a member of the nonprofit’s board but not on the for-profit board. But he will have “full observation rights” to attend all for-profit board meetings and have access to information it gets about AI safety decisions, according to Bonta’s memorandum of understanding with OpenAI. Kolter is the only person, besides Bonta, named in the lengthy document.

Kolter said the agreements largely confirm that his safety committee, formed last year, will retain the authorities it already had. The other three members also sit on the OpenAI board — one of them is former U.S. Army General Paul Nakasone, who was commander of the U.S. Cyber Command. Altman stepped down from the safety panel last year in a move seen as giving it more independence.

“We have the ability to do things like request delays of model releases until certain mitigations are met,” Kolter said. He declined to say if the safety panel has ever had to halt or mitigate a release, citing the confidentiality of its proceedings.

Kolter said there will be a variety of concerns about AI agents to consider in the coming months and years, from cybersecurity – “Could an agent that encounters some malicious text on the internet accidentally exfiltrate data?” – to security concerns surrounding AI model weights, which are numerical values that influence how an AI system performs.

“But there’s also topics that are either emerging or really specific to this new class of AI model that have no real analogues in traditional security,” he said. “Do models enable malicious users to have much higher capabilities when it comes to things like designing bioweapons or performing malicious cyberattacks?”

“And then finally, there’s just the impact of AI models on people,” he said. “The impact to people’s mental health, the effects of people interacting with these models and what that can cause. All of these things, I think, need to be addressed from a safety standpoint.”

OpenAI has already faced criticism this year about the behavior of its flagship chatbot, including a wrongful-death lawsuit from California parents whose teenage son killed himself in April after lengthy interactions with ChatGPT.

Kolter, director of Carnegie Mellon’s machine learning department, began studying AI as a Georgetown University freshman in the early 2000s, long before it was fashionable.

“When I started working in machine learning, this was an esoteric, niche area,” he said. “We called it machine learning because no one wanted to use the term AI because AI was this old-time field that had overpromised and underdelivered.”

Kolter, 42, has been following OpenAI for years and was close enough to its founders that he attended its launch party at an AI conference in 2015. Still, he didn’t expect how rapidly AI would advance.

“I think very few people, even people working in machine learning deeply, really anticipated the current state we are in, the explosion of capabilities, the explosion of risks that are emerging right now,” he said.

AI safety advocates will be closely watching OpenAI’s restructuring and Kolter’s work. One of the company’s sharpest critics says he’s “cautiously optimistic,” particularly if Kolter’s group “is actually able to hire staff and play a robust role.”

“I think he has the sort of background that makes sense for this role. He seems like a good choice to be running this,” said Nathan Calvin, general counsel at the small AI policy nonprofit Encode. Calvin, who OpenAI targeted with a subpoena at his home as part of its fact-finding to defend against the Musk lawsuit, said he wants OpenAI to stay true to its original mission.

“Some of these commitments could be a really big deal if the board members take them seriously,” Calvin said. “They also could just be the words on paper and pretty divorced from anything that actually happens. I think we don’t know which one of those we’re in yet.”



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SpaceX to offer insider shares at record-setting $800 billion valuation

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SpaceX is preparing to sell insider shares in a transaction that would value Elon Musk’s rocket and satellite maker at as much as $800 billion, people familiar with the matter said, reclaiming the title of the world’s most valuable private company. 

The details, discussed by SpaceX’s board of directors on Thursday at its Starbase hub in Texas, could change based on interest from insider sellers and buyers or other factors, said some of the people, who asked not to be identified as the information isn’t public. SpaceX is also exploring a possible initial public offering as soon as late next year, one of the people said. 

Another person briefed on the matter said that the price under discussion for the sale of some employees and investors’ shares is higher than $400 apiece, which would value SpaceX at between $750 billion and $800 billion. The company wouldn’t raise any funds though this planned sale, though a successful offering at such levels would catapult it past the record of $500 billion valuation achieved by OpenAI in October.

Elon Musk on Saturday denied that SpaceX is raising money at a $800 billion valuation without addressing Bloomberg’s reporting on the planned offering of insiders’ shares. 

“SpaceX has been cash flow positive for many years and does periodic stock buybacks twice a year to provide liquidity for employees and investors,” Musk said in a post on his social media platform X. 

The share sale price under discussion would be a substantial increase from the $212 a share set in July, when the company raised money and sold shares at a valuation of $400 billion. The Wall Street Journal and Financial Times earlier reported the $800 billion valuation target.

News of SpaceX’s valuation sent shares of EchoStar Corp., a satellite TV and wireless company, up as much as 18%. Last month, EchoStar had agreed to sell spectrum licenses to SpaceX for $2.6 billion, adding to an earlier agreement to sell about $17 billion in wireless spectrum to Musk’s company.

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The world’s most prolific rocket launcher, SpaceX dominates the space industry with its Falcon 9 rocket that lifts satellites and people to orbit.

SpaceX is also the industry leader in providing internet services from low-Earth orbit through Starlink, a system of more than 9,000 satellites that is far ahead of competitors including Amazon.com Inc.’s Amazon Leo.

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SpaceX is among an elite group of companies that have the ability to raise funds at $100 billion-plus valuations while delaying or denying they have any plan to go public. 

An IPO of the company at an $800 billion value would vault SpaceX into another rarefied group — the 20 largest public companies, a few notches below Musk’s Tesla Inc. 

If SpaceX sold 5% of the company at that valuation, it would have to sell $40 billion of stock — making it the biggest IPO of all time, well above Saudi Aramco’s $29 billion listing in 2019. The firm sold just 1.5% of the company in that offering, a much smaller slice than the majority of publicly traded firms make available.

A listing would also subject SpaceX to the volatility of being a public company, versus private firms whose valuations are closely guarded secrets. Space and defense company IPOs have had a mixed reception in 2025. Karman Holdings Inc.’s stock has nearly tripled since its debut, while Firefly Aerospace Inc. and Voyager Technologies Inc. have plunged by double-digit percentages since their debuts.

SpaceX executives have repeatedly floated the idea of spinning off SpaceX’s Starlink business into a separate, publicly traded company — a concept President Gwynne Shotwell first suggested in 2020. 

However, Musk cast doubt on the prospect publicly over the years and Chief Financial Officer Bret Johnsen said in 2024 that a Starlink IPO would be something that would take place more likely “in the years to come.”

The Information, citing people familiar with the discussions, separately reported on Friday that SpaceX has told investors and financial institution representatives that it’s aiming for an IPO of the entire company in the second half of next year.

Read More: How to Buy SpaceX: A Guide for the Eager, Pre-IPO

A so-called tender or secondary offering, through which employees and some early shareholders can sell shares, provides investors in closely held companies such as SpaceX a way to generate liquidity.

SpaceX is working to develop its new Starship vehicle, advertised as the most powerful rocket ever developed to loft huge numbers of Starlink satellites as well as carry cargo and people to moon and, eventually, Mars.



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National Park Service drops free admission on MLK Day and Juneteenth while adding Trump’s birthday

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The National Park Service will offer free admission to U.S. residents on President Donald Trump’s birthday next year — which also happens to be Flag Day — but is eliminating the benefit for Martin Luther King Jr. Day and Juneteenth.

The new list of free admission days for Americans is the latest example of the Trump administration downplaying America’s civil rights history while also promoting the president’s image, name and legacy.

Last year, the list of free days included Martin Luther King Jr Day and Juneteenth — which is June 19 — but not June 14, Trump’s birthday.

The new free-admission policy takes effect Jan. 1 and was one of several changes announced by the Park Service late last month, including higher admission fees for international visitors.

The other days of free park admission in 2026 are Presidents Day, Memorial Day, Independence Day, Constitution Day, Veterans Day, President Theodore Roosevelt’s birthday (Oct. 27) and the anniversary of the creation of the Park Service (Aug. 25).

Eliminating Martin Luther King Jr. Day and Juneteenth, which commemorates the day in 1865 when the last enslaved Americans were emancipated, removes two of the nation’s most prominent civil rights holidays.

Some civil rights leaders voiced opposition to the change after news about it began spreading over the weekend.

“The raw & rank racism here stinks to high heaven,” Harvard Kennedy School professor Cornell William Brooks, a former president of the NAACP, wrote on social media about the new policy.

Kristen Brengel, a spokesperson for the National Parks Conservation Association, said that while presidential administrations have tweaked the free days in the past, the elimination of Martin Luther King Jr. Day is particularly concerning. For one, the day has become a popular day of service for community groups that use the free day to perform volunteer projects at parks.

That will now be much more expensive, said Brengel, whose organization is a nonprofit that advocates for the park system.

“Not only does it recognize an American hero, it’s also a day when people go into parks to clean them up,” Brengel said. “Martin Luther King Jr. deserves a day of recognition … For some reason, Black history has repeatedly been targeted by this administration, and it shouldn’t be.”

Some Democratic lawmakers also weighed in to object to the new policy.

“The President didn’t just add his own birthday to the list, he removed both of these holidays that mark Black Americans’ struggle for civil rights and freedom,” said Democratic Sen. Catherine Cortez Masto of Nevada. “Our country deserves better.”

A spokesperson for the National Park Service did not immediately respond to questions on Saturday seeking information about the reasons behind the changes.

Since taking office, Trump has sought to eliminate programs seen as promoting diversity across the federal government, actions that have erased or downplayed America’s history of racism as well as the civil rights victories of Black Americans.

Self-promotion is an old habit of the president’s and one he has continued in his second term. He unsuccessfully put himself forwardfor the Nobel Peace Prize, renamed the U.S. Institute of Peace after himself, sought to put his name on the planned NFL stadium in the nation’s capital and had a new children’s savings program named after him.

Some Republican lawmakers have suggested putting his visage on Mount Rushmore and the $100 bill.



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JPMorgan CEO Jamie Dimon says Europe has a ‘real problem’

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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon called out slow bureaucracy in Europe in a warning that a “weak” continent poses a major economic risk to the US.

“Europe has a real problem,” Dimon said Saturday at the Reagan National Defense Forum. “They do some wonderful things on their safety nets. But they’ve driven business out, they’ve driven investment out, they’ve driven innovation out. It’s kind of coming back.”

While he praised some European leaders who he said were aware of the issues, he cautioned politics is “really hard.” 

Dimon, leader of the biggest US bank, has long said that the risk of a fragmented Europe is among the major challenges facing the world. In his letter to shareholders released earlier this year, he said that Europe has “some serious issues to fix.”

On Saturday, he praised the creation of the euro and Europe’s push for peace. But he warned that a reduction in military efforts and challenges trying to reach agreement within the European Union are threatening the continent.

“If they fragment, then you can say that America first will not be around anymore,” Dimon said. “It will hurt us more than anybody else because they are a major ally in every single way, including common values, which are really important.”

He said the US should help.

“We need a long-term strategy to help them become strong,” Dimon said. “A weak Europe is bad for us.”

The administration of President Donald Trump issued a new national security strategy that directed US interests toward the Western Hemisphere and protection of the homeland while dismissing Europe as a continent headed toward “civilizational erasure.”

Read More: Trump’s National Security Strategy Veers Inward in Telling Shift

JPMorgan has been ramping up its push to spur more investments in the national defense sector. In October, the bank announced that it would funnel $1.5 trillion into industries that bolster US economic security and resiliency over the next 10 years — as much as $500 billion more than what it would’ve provided anyway. 

Dimon said in the statement that it’s “painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing.”

Investment banker Jay Horine oversees the effort, which Dimon called “100% commercial.” It will focus on four areas: supply chain and advanced manufacturing; defense and aerospace; energy independence and resilience; and frontier and strategic technologies. 

The bank will also invest as much as $10 billion of its own capital to help certain companies expand, innovate or accelerate strategic manufacturing.

Separately on Saturday, Dimon praised Trump for finding ways to roll back bureaucracy in the government.

“There is no question that this administration is trying to bring an axe to some of the bureaucracy that held back America,” Dimon said. “That is a good thing and we can do it and still keep the world safe, for safe food and safe banks and all the stuff like that.”



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