Corporate AI Race

"Although competition between companies can be beneficial, creating more useful products for consumers, there are also pitfalls. First, the benefits of economic activity may be unevenly distributed, incentivizing those who benefit most from it to disregard the harms to others. Second, under intense market competition, businesses tend to focus much more on short-term gains than on long-term outcomes. With this mindset, companies often pursue something that can make a lot of profit in the short term, even if it poses a societal risk in the long term."