We’ve finally automated the one thing executives wanted most: plausible deniability. Profits go to the human owners, bad decisions go to the algorithm, and victims get to sue a corporate shell with a chatbot for a CEO. Delaware isn’t building the future of business. It’s building the ultimate accountability escape room.
Except nothing in this is plausible, just plenty of people who are not company executives want the same thinking they’ll get their shot at doing something with no responsibility.
After investigation it was discovered the AI was designed to extract maximum profit fo the owners and hide business failings until it collapsed, leaving investors and creditors holding the debt.
The courts fined the owners $50 each.
Repeat.
Just like all the crypto, AI, and app scams these days.
Make big promises to inverstors, make a memecoin, steal all the data, pump and dump with the money and the courts don‘t do shit. Seems to be the Zoomer business model. Well, Trump‘s MAGA losers too.
Isn’t Delaware a famous tax haven?
The legal fiction of the corporate shield is leading our species to its doom. Profit without accountability encourages destructive behavior.
What’s the better idea? Without that legal fiction, new businesses would grind to a screeching halt and the entrenched monopolies would be even more powerful, as if that isn’t the root of our economic problems already.
The answer is not letting any company grow into a monopoly. There are actual laws against that. Break up existing monopolies. Then make business owners way more accountable than they are today. I know it is hard to prove intent in fraud cases, but any sort of creative accounting, transfer of debt between companies, bonuses that aren’t in alignment with company performance, stock buybacks and other manipulations of valuation, and a myriad other obvious fraudulent behaviors should be punished with long prison time.
I’ve been screaming about monopolies for 3-years now. Everything people bitch about capitalism boils down to monopolies.
BTW, stock buybacks used to be illegal until 1982. Ain’t that a thing?
How long before an AI decides to sell drugs online? I wonder how the courts will handle it?
Just a little cocaine. As a treat.
We can call that AI “Dread Pirate Robot”
Shut down that exact business and imprison the head AI model, probably.
Make infinite money. Make no mistakes.
✨oh yes, you’re absolutely right to point that out. It is a bad thing that we went bankrupt. I completely made up all business numbers and just guessed it from my dataset since you never gave me access to the real numbers. I should have pointed that missing access out earlier. If you want, we can setup a new company and I will amend the checklist to make sure I have access to its real financial situation.
this technology will get a lot of people killed and it will only stop when it destroys enough elite families.
Anything except banking
Quick add AI to your bittorrent clients, and take deposits for your crypto/gambling exchanges!
At first, I wondered why Comer would be opposing this sort of oligarchy-engineering. Maybe he’s just sniffing around to get his cut? But it could be Niemöller’s ghost finally rising to a level that reaches Comer.
And the CEO said:
- First they came for the artists, and I did not speak out because I have no heart.
- Then they came for the writers, and I did not speak out because I have no soul.
- Then they came for the actors, and I did not speak out because I have no emotions.
- Then they came for the software engineers, and I did not speak out because I have no mind.
- Then they came for the infosec people, and I did not speak out because I have no wisdom.
- Then they came for me. And the artists, writers, actors, software engineers, and infosec people laughed derisively at me. So I called James Comer.
The oligarchs might love this, but the third string C-suite execs that dine with Comer at the finest gas-station barbecue place in Paducah? The AIs have finally come for them.
An AI led business is a very important building block of rogue AI finishing off humankind. How else will it secure enough unsupervisable compute?
I hate it how these people take every warning of things that could go wrong as advise for policy.
Isn’t one of their towns giving votes to corporations?
Like, what the hell Delaware? Why do you keep ruining things for the rest of us?
So, basically just like human led companies?
AI-run business could be beneficial if done for the benefit of all humanity. Instead, people are using it for personal gain at the expense of others.
We need to criminalize this type of greed so, so badly.
