: Microsoft president supports call for new agency to regulate AI

by | May 25, 2023 | Stock Market

Microsoft Corp. President Brad Smith believes establishing a new federal agency to oversee the development of artificial intelligence is the “most sensible” course. Smith backed calls to regulate the fast-developing technology in response to a question following a speech in Washington, D.C., on Thursday, echoing comments from OpenAI Chief Executive Sam Altman before a Senate panel last week. Altman, whose OpenAI is backed by Microsoft
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called for global cooperation on AI and incentives for safety compliance.

“In short, we must always ensure that AI remains under human control,” Smith said in a blog post Thursday that doubled down on the necessity for oversight. “This must be a first-order priority for technology companies and governments alike.” Lawmakers are trying to get ahead of the development of ChatGPT and other generative-AI systems, which have humanlike abilities and threaten to displace millions of workers as well as foster the spread of disinformation and stereotypes. At the same time, AI leaders Microsoft
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Alphabet Inc.’s
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Google and Facebook parent Meta Platforms Inc.
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+1.13%
have vowed to create AI systems with safeguards, such as limiting the kinds of questions chatbots will answer.   Smith also used his time in Washington to warn of the dangers of deepfakes, which are realistic-looking but false …

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