Twitter thread on the letter says more—essentially the post-crisis liability that Anthropic proposes is basically equivalent to bankruptcy of the conpany, which is a pretty mild consequence given the risks at hand. Also, an AI regulatory agency is probably going to be necessary at some point in the future, so it’s better to set it up now and give it time to mature.
I don’t have twitter so I can’t view the thread, but bankruptcy of a company for facilitating $500m of damage being caused (the monetary threshold of the bill) doesn’t seem very mild?
Bankruptcy is an upper bound, not a lower bound. If you could pay up enough in damages and still stay solvent, you probably do. The (alleged/proposed) Anthropic changes isn’t “if you do at least 500M in damages, you’ll go bankrupt.” It’s more like “If you do at least $X in damages, the worst that can happen to you is that your company[1] will go bankrupt.”
(To be clear, not a lawyer/legislator, did not read the letter very carefully, etc)
Twitter thread on the letter says more—essentially the post-crisis liability that Anthropic proposes is basically equivalent to bankruptcy of the conpany, which is a pretty mild consequence given the risks at hand. Also, an AI regulatory agency is probably going to be necessary at some point in the future, so it’s better to set it up now and give it time to mature.
I don’t have twitter so I can’t view the thread, but bankruptcy of a company for facilitating $500m of damage being caused (the monetary threshold of the bill) doesn’t seem very mild?
Bankruptcy is an upper bound, not a lower bound. If you could pay up enough in damages and still stay solvent, you probably do. The (alleged/proposed) Anthropic changes isn’t “if you do at least 500M in damages, you’ll go bankrupt.” It’s more like “If you do at least $X in damages, the worst that can happen to you is that your company[1] will go bankrupt.”
(To be clear, not a lawyer/legislator, did not read the letter very carefully, etc)
If I understand correctly, they are also pushing for limited liability, so directors/executives are not responsible either.