Corporate
Apr. 30, 2018
Algorithmic entities
The consensus among legal scholars is that anyone can put an algorithm — an artificial intelligence — in control of an artificial entity — a corporation — without violating any law.
Lynn M. LoPucki
Security Pacific Bank Distinguished Professor of Law
UCLA School of Law
Email: lopucki@law.ucla.edu
Lynn is the founder of the UCLA-LoPucki Bankruptcy Research Database. All of the statistics except the transfers are from One-variable studies replicable on the BRD website.
The consensus among legal scholars is that anyone with the means to do so can put an algorithm -- an artificial intelligence -- in control of an artificial entity -- a corporation, partnership, limited liability company or limited partnership -- without violating any law. The combination, which I refer to as an "algorithmic entity," or "AE" for short, is then a legal person with most of the rights of a human being. They include the rights to privacy, to own property, ...
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