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HughRistik comments on Intelligence enhancement as existential risk mitigation - Less Wrong
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More intelligence also means more competence at doing potentially world-destroying things, like AI/upload/nano/supervirus research. It does seem to me like the anti-risk effect from intelligence enhancement would somewhat outweigh the pro-risk effect, but I'm not sure.
Yes, increasing intelligence would increase the variance of quality of outcomes for humanity. And the hope is that intelligence would also increase the mean quality of outcome, such that the expected value would be higher.