Some more grandmas dying would be "acceptable" damage. However, that isn't the problem.
The problem is this: The risks of caution.
1-line summary: if the good guys delay their projects to make them safer, the bad guys are more likely to win.
The video's "abstract":
It is commonly thought that caution in the initial development of machine intelligence is associated with better outcomes - and that things like extensive testing, sandoxes, and provable correctness are things that will help to produce safe and beneficial synthetic intelligent agents.
In this video, I cast doubt on that idea, by exhibiting a model in which delays caused by caution can lead to much poorer outcomes.
I agree that that risk exists as well, but much of SIAI's efforts revolve around increasing discussion of the risks of AGI, not just holding back their own efforts. Slowing down other efforts through awareness of the dangers is a factor that should be considered.
Also, discussions of caution may increase the number of "desirable organizations" working to develop AI. In terms of your model, such discussion could turn a black-hat organization into a smiley-faced one. No one is going to release an AI that they actually think is going to wipe out hum...
[...] SIAI's Scary Idea goes way beyond the mere statement that there are risks as well as benefits associated with advanced AGI, and that AGI is a potential existential risk.
[...] Although an intense interest in rationalism is one of the hallmarks of the SIAI community, still I have not yet seen a clear logical argument for the Scary Idea laid out anywhere. (If I'm wrong, please send me the link, and I'll revise this post accordingly. Be aware that I've already at least skimmed everything Eliezer Yudkowsky has written on related topics.)
So if one wants a clear argument for the Scary Idea, one basically has to construct it oneself.
[...] If you put the above points all together, you come up with a heuristic argument for the Scary Idea. Roughly, the argument goes something like: If someone builds an advanced AGI without a provably Friendly architecture, probably it will have a hard takeoff, and then probably this will lead to a superhuman AGI system with an architecture drawn from the vast majority of mind-architectures that are not sufficiently harmonious with the complex, fragile human value system to make humans happy and keep humans around.
The line of argument makes sense, if you accept the premises.
But, I don't.
Ben Goertzel: The Singularity Institute's Scary Idea (and Why I Don't Buy It), October 29 2010. Thanks to XiXiDu for the pointer.