JGWeissman comments on Be a Visiting Fellow at the Singularity Institute - Less Wrong
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There are plenty of resources that an FAI could ethically obtain, and with a lead of time of less than 1 day, it could grow enough to be vastly more powerful than an unfriendly seed AI.
Really, asking which AI wins going head to head is the wrong question. The goal is to get an FAI running before unfriendly AGI is implemented.