OK, sure, human extinction could be a real bummer. But let's talk about a near-term financial risk closer to most tech execs' true nightmare vision: AI product liability. The field is nascent and few cases have been decided, but the potential financial impact is economically ruinous for AI companies and their investors.
Silicon Valley, naturally, wants the federal government to make it go away. But surprisingly, many in politics are pushing back despite the extraordinary tech 'contributions' being loaded into their coffers. Although the AI industry still refuses to acknowledge that they should be responsible for any cost they don't want to bear, here is going to have to be some sort of accommodation because if there is one US professional group greedier and more ruthless than those in tech, it is US plaintiffs attorneys. JL
Asa Fitch reports in the Wall Street Journal and Josh Marshall reports in Talking Points Memo:
As AI developers imbue their chatbots with more agent-like abilities—allowing them to do things autonomously on users’ behalf—questions about legal liability are becoming increasingly urgent. Liability is a legal and economic framework for properly assigning the gains and risks/costs associated with economic activity. They could lead to limits on what agents can do and, if AI-caused harms become widespread, drain the pocketbooks of top AI labs. The CEO of Palantir, suggested the liability problem was so dire that U.S. AI labs should be nationalized to protect themselves. AI labs (increase their liability risk) when their agents replace jobs and maximize profits for their owners. Laws which properly and securely assigned liability for AI would go a way to solving some of the problems caused by Silicon Valley and its concentrated wealth pushing all its downsides onto the public