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AI investment boom driven by absent negative externalities, critics say

Technologists have persuaded politicians and business leaders to invest heavily in AI by highlighting the absence of negative externalities in corporate accounting. This mirrors past efforts where corporations lobbied against climate change regulations, promising self-governance. The argument suggests that the lack of accountability for AI's potential downsides is a key driver for its current investment boom. AI

IMPACT Suggests that the current AI investment surge is driven by a lack of accountability for negative consequences, potentially influencing future regulatory approaches.

RANK_REASON The item is an opinion piece discussing the motivations behind AI investment, drawing parallels to past corporate behavior regarding climate change.

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AI investment boom driven by absent negative externalities, critics say

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  1. Mastodon — fosstodon.org TIER_1 English(EN) · [email protected] ·

    Technoligarchs have successfully convinced politicians and corporate execs to gamble other people's money on # AI for one reason: negative externalities are tot

    Technoligarchs have successfully convinced politicians and corporate execs to gamble other people's money on # AI for one reason: negative externalities are totally absent from corporate accounting. Back in early 20s, when people took # ClimateChange seriously for a brief second,…