Matt Levine’s Money Stuff: AI Builds Some Pyramids

Pyramids

The situation with artificial intelligence companies is:

1. The founders of AI companies place a high value on keeping control of their companies, not surrendering control to outside investors or boards of directors. Part of the reason for this is that all tech founders love control, but part of it is that AI founders believe they are creating a uniquely powerful and dangerous technology and don’t want it to fall into the wrong (BlackRock’s) hands. As Elon Musk put it: “I just don’t feel comfortable building a robot army here, and then being ousted because of some asinine recommendations from ISS ...