2026
A genealogy of OpenAI’s business Model
Working paper · 2026
A genealogy of OpenAI’s business model
Luke Heemsbergen, Toija Cinque, Allan Jones
This paper shows the genealogy of accumulation at OpenAI. OpenAI’s incessant accumulation shifted through phases of social capital, hard infrastructure and soft cultural data, product pipelines, users who labour, and now, seemingly ever expanding aspects of social life.
Step-through diagram in white dots on black of five phases of capital accumulation: one social node; infrastructure and culture as the x and y axes; deferred profit as the z axis of time receding into the dark; labour of users as added beaded twirls; and a polyvalent fifth direction that can only be hinted at.
The First Accumulation: Social Capital <2015-2019>
A clear focus on new type of public good, researching opening AI for the good of all.
Scale Maxxing on x: (hard) infrastructure, y: (softer) culture <2019-2020>
Capital defined through exponential growth of compute and culture; models needed to accumulate both.
Products and Profits (deferred) <2020-2022>
The plane extrudes along the z of time to show that at points in the future, profit is expected with products extracting and producing value for the market.
Users!, labouring <2022-2024>
ChatGPT rewrote the economics of accumulation, offering human-machine relations as capital for the company.
Polyvalent Accumulation Machine <2025+>
Clarity of what is being accumulated is hard to see, but its effects show: Math – commoditised, family interactions assetized, Full Disk Access to our lives, measured and manipulated by OpenAI.