Behold the Artificial Intelligence Company (AIC)
Delaware, the US state where most Fortune 500 companies are incorporated and long known for its pro-business legislative and tax stance, has drafted a bill for a new legal entity. Artificial Intelligence Companies would be legal entities run and managed by AIs – no human involved in running the day-to-day operations. The AIC “can sue and be sued in its own name, hold and dispose of property, and incur obligations” – but its owner isn’t liable for anything the AIC does. If this sounds to you like “an overly generous liability shield,” you’re in good company – Berkeley law professor Andrew Baker called it exactly that, and House Oversight chair James Comer just opened an inquiry.