The arguments about vast utilities with small probabilities are both dubious and unnecessary. Eliezer says the probability of unfriendly AI is large, and I can agree. Egan says assertions about the fate of the galaxy involve extreme speculation, and I can also agree.
All you have to argue is that AI will become superhuman enough to win a battle with humanity, and that it can be alien enough to be unfriendly to us, and you have made the case for friendly AI.
Link: johncarlosbaez.wordpress.com/2011/04/24/what-to-do/
His answer, as far as I can tell, seems to be that his Azimuth Project does trump the possibility of working directly on friendly AI or to support it indirectly by making and contributing money.
It seems that he and other people who understand all the arguments in favor of friendly AI and yet decide to ignore it, or disregard it as unfeasible, are rationalizing.
I myself took a different route, I was rather trying to prove to myself that the whole idea of AI going FOOM is somehow flawed rather than trying to come up with justifications for why it would be better to work on something else.
I still have some doubts though. Is it really enough to observe that the arguments in favor of AI going FOOM are logically valid? When should one disregard tiny probabilities of vast utilities and wait for empirical evidence? Yet I think that compared to the alternatives the arguments in favor of friendly AI are water-tight.
The problem why I and other people seem to be reluctant to accept that it is rational to support friendly AI research is that the consequences are unbearable. Robin Hanson recently described the problem:
I believe that people like me feel that to fully accept the importance of friendly AI research would deprive us of the things we value and need.
I feel that I wouldn't be able to justify what I value on the grounds of needing such things. It feels like that I could and should overcome everything that isn't either directly contributing to FAI research or that helps me to earn more money that I could contribute.
Some of us value and need things that consume a lot of time...that's the problem.