When frontier AI labs go public, ordinary people’s investments and pensions become tied to their valuations and stock prices.
When frontier AI labs go public, ordinary people’s investments and pensions become tied to their valuations and stock prices. While excessive regulation could undermine a firm’s growth, catastrophic accidents caused by inadequate safety measures could do the same—and wipe out shareholder value. LOS ANGELES—Imagine being presented with an opportunity to invest in a Silicon Valley technology company with dazzling performance, includingrevenuethat has increased roughly 14-fold over the past year, avaluationthat has more than quintupled in nine months, and rapidly increasing productivity. Sounds great, right?