Open Global Investment: Comparisons and Criticisms

What is Open Global Investment?

“Open Global Investment” (OGI) is a model of AI governance set forth by Nick Bostrom in a 2025 working paper.

OGI involves AI development being led by corporations within a government-set framework that backs their efforts to create AGI while enforcing safety rules. It requires these corporations to be open to investment from a wide range of sources, including individuals worldwide and foreign governments. Different versions of OGI could have different numbers of corporations participating (one vs. many) and being located in different countries (most likely the US). Models with N companies are called OGI-N.

Bostrom argues that this system is:

Robust, because it uses existing norms about property rights, and these norms are well-tested in practice, in a way that newly-designed governance schemes are not.
Realistic as a political option, because it’s relatively easy to set up, and compatible with the interests of major players like AI companies and the US government. In contrast, a model in which AI development is led by the UN would take power away from incumbents, so they’d be less likely to agree to it.
Equitable compared to realistic alternatives, with payoffs from AGI distributed among a wide range of investors. This helps avoid scenarios in which AGI ends up in the hands of a single small group. The wealthy would be most able to invest, but Bostrom argues the result is less unequal than a model in which only the US is represented. It’s also less unequal than if the payoffs went only to private investors in a company like OpenAI. This wider distribution, in turn, would reduce incentives to undermine or compete with the project, mitigating race dynamics.

Comparisons

Bostrom compares OGI-1 and OGI-N with some alternative models based on the Manhattan Project, CERN, and Intelsat. The following overview table uses Bostrom’s opinion as a basis where available, but otherwise fills in our own judgment in many places:

Features	OGI-1	OGI-N	Manhattan Project	Cern for AGI	Intelstat for AGI	Status Quo
Will incumbents be open to it?	Medium	Medium-high	Low	Low	Low	High
Is it open to investment?	Yes; public	Yes; public	No	No	Yes, govs	Some private, some public
Who gets a share in the benefits/control?	Investors, host gov	Investors, host gov	Host gov	All govs	All govs	Investors, lab leads
Does it involve massiv gov funding?	No	No	Yes	Yes	Yes	No
How much does it concentrate power?	Low	Very-low	High	High	Medium	Medium
Effect on international conflict	Reduction	Reduction	Increase	Reduction	Reduction	Baseline
Adaptability of framework	High	High	Low	Low	Medium	High
Setup speed	Months	Months	Years	Years	Years	None
Amount of novel regulations/norms/laws required?	Medium	Medium	Medium	Medium	Medium	Low
Difficulty of securing IP?	Medium	Medium	Low	High	High	Medium
Does it preclude other projects?	No	No	No	No	No	No
Disincentivize to other projects?	Medium	Medium	High	High	Medium	Low
Increased risk of government seizure?	No	No	Yes	Yes	Hard to say	Baseline
Is it private or public?	Private	Private	Public	Public	Public	Private
Ability to enforce safety standards in project	Medium	Medium	Medium-high	Medium-high	Medium-high	Low
Who controls the project?	Host gov & lab leads	Host gov & lab leads	Host gov	UN/all govs	Participating govs	Lab Leads
Profits taxed by	Host gov	Host gov	N/A	N/A	Participating govs	Host gov

OGI is meant as a feasible compromise rather than as a perfectly fair system. Versions of OGI with multiple AI companies are not hugely different from the status quo. It’s also meant more as a temporary transitional system than as a model for governing superintelligence itself. The hope is that OGI would keep development relatively safe and conflict-free while humanity came up with something better for the long term.

Criticisms

The Open Global Investment (OGI) model has received three main types of criticism: it won’t work; even if it does, it won’t do enough; and it will have bad side-effects. Bostrom has given responses to each of these criticisms, emphasizing that OGI is meant as a politically feasible, near-term proposal for AGI governance. In Bostrom’s view, OGI should be compared with other AGI governance proposals within the Overton window, such as a Manhattan Project for AGI, or the current default: nothing.

“It won’t work”

One of the assumptions of the Open Global Investment model — that companies will not be nationalized and that investors and corporations will enjoy strong property rights — does not hold across the globe. E.g., the Chinese government limits foreign financial investment and exerts significant control over domestic corporations. Even the US government may not be able to credibly make such commitments.

To this point, Bostrom responds that the lack of suitable laws and norms for open global investment is not a criticism of the desirability of the model, but of its probability of being implemented. He also notes that high investor demand for US financial products, such as bonds, implies that investors are still confident that the US will continue to respect financial commitments.

“It won’t do enough”

Other critiques note that the OGI model does not deal with rogue AI or misuse, change the status quo, or build toward a pause.

Bostrom replies that the OGI model can be extended to handle most of these issues. Extending it is part of the plan, as OGI is a governance model for the near to medium term. The exception is pausing AI, which would be a better fit for a different proposal, one which is not intended as an alternate path to governance of AGI.

“It will have bad side-effects”

Wei Dai argues that the OGI model rewards lab leaders and early investors in AGI companies for increasing existential risk relative to the counterfactual, which is not something we want to incentivize.

Bostrom responds that we currently don’t tax people for increasing existential risk, and it might be bad to retroactively punish people financially for acting on the incentives that exist in our current system. He suggests moral praise and condemnation are more appropriate tools for this. He does say increased taxes would be compatible with the OGI model, though not to the extreme of taxes nearing 100%.

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LW