AI Companies Can Define Their Public Purpose Through Governance ...Middle East

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AI Companies Can Define Their Public Purpose Through Governance
Artificial intelligence, particularly generative AI, is mostly developed, owned, and controlled by a small, powerful group of private companies operating under US laws and management structures. This means US corporate governance is crucial to regulating AI in a safe manner that broadly benefits humanity. To meet this challenge, lawmakers should build on existing US corporate governance infrastructure. Adding to federal regulatory guidelines, corporate governance should de-emphasize shareholder primacy and embrace a stakeholder model akin to the Delaware public benefit corporation, or PBC. Current US corporate governance—the laws, duties, organizational structures, incentives, and practice

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