But the aim is usually to diversify risk, not concentrate power, by taking capital from the original family business and putting it into a widely spread portfolio.
I said that focusing on AI's future existential risksis a distraction from its current, very tangible impactsand the work we should be doing right now, or even yesterday, for reducing these impacts.
Everyone wanted to believe that we had genuinely found a way of spreading risk through securitising loans so low-income families could have access to the sort of credit that the middle class has always had.