I agree with everyone else pointing out that centrally-planned guaranteed payments regardless of final outcome doesn’t sound like a good price discovery mechanism for insurance. You might be able to hack together a better one using https://www.lesswrong.com/posts/dLzZWNGD23zqNLvt3/the-apocalypse-bet , although I can’t figure out an exact mechanism.
Superforecasters say the risk of AI apocalypse before 2100 is 0.38%. If we assume whatever price mechanism we come up with tracks that, and value the world at GWP x 20 (this ignores the value of human life, so it’s a vast underestimate), and that AI companies pay it in 77 equal yearly installments from now until 2100, that’s about $100 billion/year. But this seems so Pascalian as to be almost cheating. Anybody whose actions have a >1/25 million chance of destroying the world would owe $1 million a year in insurance (maybe this is fair and I just have bad intuitions about how high1⁄25 million really is)
An AI company should be able to make some of its payments (to the people whose lives it risks, in exchange for the ability to risk those lives) by way of fractions of the value that their technology manages to capture. Except, that’s complicated by the fact that anyone doing the job properly shouldn’t be leaving their fingerprints on the future. The cosmic endowment is not quite theirs to give (perhaps they should be loaning against their share of it?).
This seems like such a big loophole as to make the plan almost worthless. Suppose OpenAI said “If we create superintelligence, we’re going to keep 10% of the universe for ourselves and give humanity the other 90%” (this doesn’t seem too unfair to me, and the exact numbers don’t matter for the argument). It seems like instead of paying insurance, they can say “Okay, fine, we get 9% and you get 91%” and this would be in some sense a fair trade (one percent of the cosmic endowment is worth much more than $100 billion!) But this also feels like OpenAI moving some numbers around on an extremely hypothetical ledger, not changing anything in real life, and continuing to threaten the world just as much as before.
But if you don’t allow a maneuver like this, it seems like you might ban (through impossible-to-afford insurance) some action that has an 0.38% chance of destroying the world and a 99% chance of creating a perfect utopia forever.
There are probably economic mechanisms that solve all these problems, but this insurance proposal seems underspecified.
Agreed that the proposal is underspecified; my point here is not “look at this great proposal” but rather “from a theoretical angle, risking others’ stuff without the ability to pay to cover those risks is an indirect form of probabilistic theft (that market-supporting coordination mechanisms must address)” plus “in cases where the people all die when the risk is realized, the ‘premiums’ need to be paid out to individuals in advance (rather than paid out to actuaries who pay out a large sum in the event of risk realization)”. Which together yield the downstream inference that society is doing something very wrong if they just let AI rip at current levels of knowledge, even from a very laissez-faire perspective.
(The “caveats” section was attempting—and apparently failing—to make it clear that I wasn’t putting forward any particular policy proposal I thought was good, above and beyond making the above points.)
The IFRS board (Non US) and GAAP/FASB board (US) are defined governing bodies that tackle the financial reporting aspects of companies—which AI companies are, might be good thing to discuss the ideas regarding the responsibilities for accounting for existential risks associated with AI research, I’m pretty sure they will listen assuming that they don’t want another Enron or SBF type case[1] happening again.
I think its its safe to assume that an AGI catastophic event will outweigh all previous fraudulent cases in history combined. So I think these governing bodies already installed will cooperate given the chance.
I agree with everyone else pointing out that centrally-planned guaranteed payments regardless of final outcome doesn’t sound like a good price discovery mechanism for insurance. You might be able to hack together a better one using https://www.lesswrong.com/posts/dLzZWNGD23zqNLvt3/the-apocalypse-bet , although I can’t figure out an exact mechanism.
Superforecasters say the risk of AI apocalypse before 2100 is 0.38%. If we assume whatever price mechanism we come up with tracks that, and value the world at GWP x 20 (this ignores the value of human life, so it’s a vast underestimate), and that AI companies pay it in 77 equal yearly installments from now until 2100, that’s about $100 billion/year. But this seems so Pascalian as to be almost cheating. Anybody whose actions have a >1/25 million chance of destroying the world would owe $1 million a year in insurance (maybe this is fair and I just have bad intuitions about how high 1⁄25 million really is)
This seems like such a big loophole as to make the plan almost worthless. Suppose OpenAI said “If we create superintelligence, we’re going to keep 10% of the universe for ourselves and give humanity the other 90%” (this doesn’t seem too unfair to me, and the exact numbers don’t matter for the argument). It seems like instead of paying insurance, they can say “Okay, fine, we get 9% and you get 91%” and this would be in some sense a fair trade (one percent of the cosmic endowment is worth much more than $100 billion!) But this also feels like OpenAI moving some numbers around on an extremely hypothetical ledger, not changing anything in real life, and continuing to threaten the world just as much as before.
But if you don’t allow a maneuver like this, it seems like you might ban (through impossible-to-afford insurance) some action that has an 0.38% chance of destroying the world and a 99% chance of creating a perfect utopia forever.
There are probably economic mechanisms that solve all these problems, but this insurance proposal seems underspecified.
Agreed that the proposal is underspecified; my point here is not “look at this great proposal” but rather “from a theoretical angle, risking others’ stuff without the ability to pay to cover those risks is an indirect form of probabilistic theft (that market-supporting coordination mechanisms must address)” plus “in cases where the people all die when the risk is realized, the ‘premiums’ need to be paid out to individuals in advance (rather than paid out to actuaries who pay out a large sum in the event of risk realization)”. Which together yield the downstream inference that society is doing something very wrong if they just let AI rip at current levels of knowledge, even from a very laissez-faire perspective.
(The “caveats” section was attempting—and apparently failing—to make it clear that I wasn’t putting forward any particular policy proposal I thought was good, above and beyond making the above points.)
What about regulations against implementations of known faulty architectures?
The IFRS board (Non US) and GAAP/FASB board (US) are defined governing bodies that tackle the financial reporting aspects of companies—which AI companies are, might be good thing to discuss the ideas regarding the responsibilities for accounting for existential risks associated with AI research, I’m pretty sure they will listen assuming that they don’t want another Enron or SBF type case[1] happening again.
I think its its safe to assume that an AGI catastophic event will outweigh all previous fraudulent cases in history combined. So I think these governing bodies already installed will cooperate given the chance.