>My worry is that the end result will require notarized declarations of honour, financial plans stretching decades into the future, 30 page business plan documents, reams of corporate governance documents, and tons of other nonsense to protect against the perceived risk that someone who failed at starting a business once fails a second time.
That sounds like a really good use for AI.
You mean to process it or to make up stuff to satisfy the regulators?
"It is a mistake to optimise something that should not exist in the first place." - Elon Musk (apparently, although I would be astonished if Deming or Ohno hadn't said something similar)
>That sounds like a really good use for AI.
No, it is not a really good use for a word prediction engine.
It is, it is what I used in my PhD for dealing with the Spanish bureaucracy and university.