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Microsoft executives: AI regulation is necessary but to a degree

Artificial intelligence in the wrong hands will be dangerous, Microsoft chief economist Michael Schwarz said on Wednesday.

“I believe AI will be used by bad actors and it will do real damage,” Schwartz said at a World Economic Forum panel meeting in Geneva. have a very negative impact.”

AI “clearly” needs to be regulated, he said, but lawmakers should proceed with caution and wait until the technology causes “real harm” before acting. (AI “clearly” must be regulated, he said, but lawmakers should be cautious and wait until the technology causes “real harm.”)

ChatGPT has come under increased scrutiny following a surge in use of AI tools following its launch. Policymakers are pressuring companies to implement safeguards for the nascent technology.

“Once we see the real harm, we have to ask ourselves a simple question: ‘Can we regulate in such a way that it doesn’t interfere too much with good things happening?'” Schwartz said. It should be consistent with the principle that the benefits of regulation to our society should outweigh the costs.

On Thursday, U.S. Vice President Harris will meet with the CEOs of companies including Microsoft, Alphabet and OpenAI to discuss how to reduce the harms and risks posed by artificial intelligence technology.

Schwartz said Microsoft is working to build safeguards to help mitigate potential dangers posed by artificial intelligence tools. The company already uses OpenAI’s ChatGPT in Bing search, and Google released its Bard chatbot in March to compete with ChatGPT.

He warned policymakers should be careful not to directly regulate AI training data. “That would be pretty catastrophic,” he said, “and if we were to make those decisions on the training set, then we could only wish us luck.”

Despite the risks, Schwartz believes that artificial intelligence can indeed help humans increase productivity. “As humans, we should be better off because we can produce more with less labor.”

AI will revolutionize the way most businesses operate, but it will take time, he added, “I would say AI will change nothing in the short term, but in the long run it will change everything.””Before This is true of every technology.”

Artificial intelligence is expected to be a key driver of change in the global labor market and play a role in nearly a quarter of job changes globally, according to a report released this week by the World Economic Forum.

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Stephen Cruise
Stephen Cruisehttps://www.techgoing.com
Stephen Cruise is a senior editor covering latest smartphones, EVs, PC gaming, console, and tech with 11 years of experience.

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