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[–] 5 points 3 hours ago

They're really rushing to leave the bleakest cyberpunk distopia in the dust.

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  • [–] 6 points 7 hours ago (1 child)

    Delaware is the state where a bunch of companies are legally but not physically headquartered, ro evade state taxes and regulations.

    States need to rethink their tax laws for companies: If you do business here, you pay taxes here.

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  • [–] 2 points 11 hours ago (2 children)

    The quote used as the title of the article isn't accurate. The owner of the company would still be a human, so there would be a human at the helm.

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  • [–] 8 points 15 hours ago

    Anything except banking

    Quick add AI to your bittorrent clients, and take deposits for your crypto/gambling exchanges!

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  • [–] 15 points 18 hours ago (3 children)

    Isn't Delaware a famous tax haven?

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  • [–] 2 points 14 hours ago

    Delaware is often used at a location for companies because it has a very well documented and court proven legal foundation.

    It eliminates a lot of the uncertainty in running a business from a legal standpoint because most cases are already settled by someone else.

    Texas is the new hotness from a tax standpoint cause it gets its money from other sources, like property tax.

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  • [–] 20 points 20 hours ago* (last edited 20 hours ago) (4 children)

    After investigation it was discovered the AI was designed to extract maximum profit fo the owners and hide business failings until it collapsed, leaving investors and creditors holding the debt.

    The courts fined the owners $50 each.

    Repeat.

    Just like all the crypto, AI, and app scams these days.

    Make big promises to inverstors, make a memecoin, steal all the data, pump and dump with the money and the courts don‘t do shit. Seems to be the Zoomer business model. Well, Trump‘s MAGA losers too.

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  • [–] 4 points 17 hours ago (2 children)

    The real scam was capitalism?

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  • [–] 4 points 13 hours ago (1 child)

    The scam is stupid voters not putting in politicians that look after their best interests. Any economic system can and will be twisted to funnel money upwards. In any case, if you're American you are not experiencing capitalism. People often say oligarchy, I think plutocracy is more on point, but it ain't capitalism.

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  • [–] 72 points 1 day ago (10 children)

    If these are relatively inexpensive to set up and dispose of, corporations could even set them up automatically for individual consumer transactions and between individual employees and themselves.

    For example, you go to a fast food restaurant, and you are actually being served by McGermKing Franchise 6d8f3cee-b10b-442b-b00b-02683a709f70 Ltd, founded 2 seconds ago, and leasing the right to operate in the building amongst other similar AI companies, as well as the part-time services of McGermKing Employment Services fd176cc4-bb95-4c1b-80e7-2aec39f02917, who hires a human to take your order, and McGermKing Employment Services 5336b4f1-0594-4df1-8387-5ec9b638db77, who assembles your GermBurger (TM used under licence by McGermKing Franchise 6d8f3cee-b10b-442b-b00b-02683a709f70 Ltd).

    If you pay them and they make money, it goes back to the owner. If you get food poisoning and sue McGermKing Franchise 6d8f3cee-b10b-442b-b00b-02683a709f70 Ltd (since the parent company is totally innocent and some other subsidiaries are just honest suppliers), it comes out of the money they made selling you the burger, and if their liability to you was higher than the cost of one burger, well, the AI corporation tried its honest best at business, but you can line up for your share of the payout - keeping in mind they also owe franchise fees to the parent company out of that burger, so the AI liquidator will divide up the assets, and if it doesn't cover liabilities, the parent company loses its 50c investment into McGermKing Franchise 6d8f3cee-b10b-442b-b00b-02683a709f70 Ltd, and how sad it was a bad outcome for you as a creditor.

    Likewise if an employee gets hurt, same story.

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  • [–] 5 points 13 hours ago (3 children)

    That sounds like some shit straight out of Snowcrash. And then we got ICE buying a couple of robot dogs...

    “As part of Mr. Lee's good neighbor policy, all Rat Things are programmed never to break the sound barrier in a populated area. But Fido's in too much of a hurry to worry about the good neighbor policy. Jack the sound barrier. Bring the noise.”

    ― Neal Stephenson, Snow Crash

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  • [–] 3 points 12 hours ago (2 children)

    Don't forget the electric shock torture gloves that ICE recently ordered.

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    [–] 17 points 20 hours ago (6 children)

    The legal fiction of the corporate shield is leading our species to its doom. Profit without accountability encourages destructive behavior.

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  • [–] 1 point 13 hours ago (2 children)

    What's the better idea? Without that legal fiction, new businesses would grind to a screeching halt and the entrenched monopolies would be even more powerful, as if that isn't the root of our economic problems already.

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  • [–] 1 point 6 hours ago

    Without that legal fiction, new businesses would grind to a screeching halt

    Thats not true though. The world abounded in businesses before the modern corporation and it will after.

    There's no way that making the board or c-suite personally liable could increase the power of monopolies. It would encourage smaller corps with less centralized risk.

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  • [–] 2 points 9 hours ago

    The answer is not letting any company grow into a monopoly. There are actual laws against that. Break up existing monopolies. Then make business owners way more accountable than they are today. I know it is hard to prove intent in fraud cases, but any sort of creative accounting, transfer of debt between companies, bonuses that aren't in alignment with company performance, stock buybacks and other manipulations of valuation, and a myriad other obvious fraudulent behaviors should be punished with long prison time.

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  • [–] 0 points 10 hours ago (2 children)

    What do you mean by "corporate shield"? Are you referring to limited liability? Corporations are still accountable for the laws that they break.

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  • [–] 37 points 1 day ago (1 child)

    Sounds like this will be used to break laws and avoid responsibility. Just point to the black box to avoid fines and jail. A loophole for society to decend in to lawlessness and more corruption.

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  • [–] 9 points 21 hours ago

    If you drive drunk, that's an offense even without causing road accidents. These people not only think this shouldn't be so when offloading decisions to a text predictor with different patterns of mistakes, they also seem to seriously mention possibility there should be no responsibility when those mistakes happen.

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  • [–] [S] 115 points 1 day ago (2 children)

    We’ve finally automated the one thing executives wanted most: plausible deniability. Profits go to the human owners, bad decisions go to the algorithm, and victims get to sue a corporate shell with a chatbot for a CEO. Delaware isn’t building the future of business. It’s building the ultimate accountability escape room.

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    [–] 11 points 20 hours ago*

    this technology will get a lot of people killed and it will only stop when it destroys enough elite families.

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  • [–] 30 points 1 day ago (6 children)

    So nobody is responsible for a technology that runs all our digital systems....wtf fuck are we doing?

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  • [–] 41 points 1 day ago (8 children)

    Oh no, this AI company has started hiring hitmen to go after republican congressmen and senators 😱

    Welp, nothing we can do. They're incorporated in Delaware 🤷‍♂️

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    [–] 48 points 1 day ago

    "Welcome back to this week's episode of 'What Could Possibly Go Wrong?', and, oh boy, do we have a juicy one for you tonight!"

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  • [–] 11 points 1 day ago (1 child)
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    [–] 20 points 1 day ago (1 child)
  • [–] 28 points 1 day ago

    For those who don't know, delaware is basically three taxhavens in a trenchcoat pretending to be a state.

    This move is Delaware taking a bold step into 21st century ways of hiding the crimes and wealth of the rich.

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