AGI’s Perilous Pursuit: AI Now Institute Reveals Alarming Power Consolidation

Key Points

1. The AI Now Institute's report 'Artificial Power' highlights the negative real-world consequences of the current trajectory of AI development, particularly towards AGI.

2. The report challenges the 'too big to fail' myth surrounding leading AI companies, which are aggressively scaling towards AGI with government backing, often at the expense of public good.

3. A major concern is the accelerating trend of AI power consolidation, mirroring digital monopolies, raising questions about fairness and the risk of a centralized AI future.

4. The Institute emphasizes the need to focus on immediate AI ethics issues rather than the speculative promise of AGI solving future problems, calling for responsible policy decisions and regulatory frameworks.

5. The report advocates for a more democratic and accountable AI future, urging policymakers and civil society to push back against unchecked AI power and demand equitable development practices.