Money is the nearest global equivalent of "utility". Law-abiding maximisation of it does not seem unreasonable.
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.
[...] 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.