If large language models like ChatGPT even halfway fulfill their current hype, the people that build them will acquire a level of control over how we consume information that will make us long for the days when we were just freaked out about Google and Facebook. Thus, it is important to understand the institutions that build and control them. In this video, I will cover some controversies about OpenAI including their awkward combo for-profit and not-for-profit status, why Elon Musk is salty with them, whether telling people they can "only" get 9900% returns on investment makes sense, and finally I beg the legal community to help me figure out why I feel so sketchy about their governance situation.