AI and the climate crisis pose existential risks. The law offers a way to reduce them | Robert Reich

The article suggests that the climate crisis and the rise of artificial intelligence pose significant risks to society, potentially causing catastrophic harm. This is a concern for markets and the economy, as companies and investors may face increased liability and accountability for their role in exacerbating these issues. The author proposes that the law can be used to mitigate these risks, following the precedent set by successful liability lawsuits against companies responsible for environmental damage, such as tobacco and oil companies.

Why it matters

The law has been used to hold companies accountable for their actions in the past, and AI investors are aware of this threat. As a result, they may push for more regulation to mitigate potential risks and liabilities.

Market impact

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Likely winners & losers

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