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mwaser comments on Ben Goertzel: The Singularity Institute's Scary Idea (and Why I Don't Buy It) - Less Wrong
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A major upvote for this. The SIAI should create a sister organization to publicize the logical (and exceptionally) dangerous conclusion to the course that corporations are currently on. We have created powerful, superhuman entities with the sole top-level goal (required by LAW in for-profit corporations) of "Optimize money acquisition and retention". My personal and professional opinion is that this is a far more immediate (and greater) risk than UnFriendly AI).
Companies are probably the number 1 bet for the type of organisation most likely to produce machine intelligence - with number 2 being governments. So, there's a good chance that early machine intelligences will be embedded into the infrastructure of companies. So, these issues are probably linked.
Money is the nearest global equivalent of "utility". Law-abiding maximisation of it does not seem unreasonable. There are some problems where it is difficult to measure and price things, though.
On the other hand, maximization of money, including accurate terms for expected financial costs of legal penalties, can cause remarkable unreasonable behavior. As was repeated recently "It's hard for the idea of an agent with different terminal values to really sink in", in particular "something that could result in powerful minds that actually don't care about morality". A business that actually behaved as a pure profit maximizer would be such an entity.
Morality is represented by legal constraints. That results in a "negative" morality, and - arguably -not a very good one.
Fortunately companies are also subject to many of the same forces that produce cooperation and niceness in the rest of biology - including reputations, reciprocal altruism and kin selection.