Can Socially-Minded Governance Control the AGI Beast?

This paper robustly concludes that it cannot.A model is constructed under idealised conditions that presume the risks associated with artificial general intelligence (AGI) are real, that safe AGI products are possible, and that there exist socially-minded funders who are interested in funding safe AGI even if this does not maximise profits.It is demonstrated that a socially-minded entity formed by such funders would not be able to minimise harm from AGI that might be created by unrestricted products released by for-profit firms.The reason is that a socially-minded entity has neither the incentive nor ability to minimise the use of unrestricted AGI products in ex post competition with for-profit firms and cannot preempt the AGI developed by for-profit firms ex ante.