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Capitalist disclaims any desire to be regulated and preaches the free market.

Colour me surprised.

The danger is the socialisation of outcomes. The AGI danger is fanciful because AGI is fanciful. There's plenty of risk in misplaced belief in what AI methods promote as outcomes from their inputs.

If he's complaining, I tend to think there's some merit in what's being proposed.

Contrast this with the regulations coming over e2e cryptography. I see mainly marginal players trying to defend things here, big tech is pretty ok with its risk profile: It has billions (trillions?) of assets which could be seized, and so is going to jump into line with regulation because hey: there's no downside. It will secure a defense from lawsuit, it will be able to monetize the service of scanning content, and it's pretty sure it can't win the fight anyway.



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