>As we really have no idea what we, collectively, think of as a moral terminal goal, and less so how to formalize this, there is no reason to expect the first AIs to have goals that correspond to what we want.
The first part of this sentence is true and interesting, but it makes the second half not very scary. Essentially, since we don't know what if anything, we want morally, what is the danger in letting AI's do whatever? Don't you think if they did do something we objected to, we could respond at that point?
It's like law isn't it - lots of areas of humanity aren't governed by law at all. You can watch someone prepare themselves a godawful sandwich with things nobody would put on the same plate, or write a meandering book that is a horrific read, or wear crocks with a suit, and you can't sue them for any of this, there just aren't any laws at all on these subjects. But they're not really problems on a social level either - laws are created when things become a problem.
So, likewise, where is the huge social problem with AI's? Nowhere. So, why worry? surely it's not like any horrific AI can happen in 8 hours, so that the entire rest of humanity (much of which is completely segregated from any one network, etc) can't possibly respond. Today, AI has no autonomy or control over anything, whereas 7 billion people are organized in societies and oversee millions of dumb computer systems that do whatever people instruct - this is not going to suddenly turn around in a matter of hours, and since, as you state, we have no definitive terminal preferences, I don't see the danger in letting AI control things we don't care about.
I suppose this could be different if AI controlled a lot already, but it's just not the case.