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They have a fiduciary duty to shareholders. Bailing on AI because they can't do that and also be net-zero is a good way to get sued.
by jm4 1y ago
They have a fiduciary duty to shareholders. Bailing on AI because they can't do that and also be net-zero is a good way to get sued.
- kjkjadksj 1y agoDon’t the shareholders benefit from having an earth worth investing in that isn’t falling apart from climate catastrophe in a few decades?
- fmbb 1y agoSued for what? AI is not making anyone money except Nvidia.
- watwut 1y agoActually, fiduciary duty is not actually a mandate to be a maximal psychopath nor a mandate to spend billions on high risk investments. As in, fiduciary duty does not prevent companies from being net-zero nor does it mandate AI.
- munk-a 1y agoNever before have I heard of lighting a pile of cash on fire being a fiduciary duty. Post-GPT AI may eventually prove a highly profitable venture - right now the only people making money are the shovel sellers and most of the launched applications can't seem to attract users at a price point that's sustainable.