CONNECT WITH US
Fintech

Fintech

Microsoft President Argues AI Less Regulated Than Washing Machines

PYMNTS – Fintech logo

Published on

Add as a preferred source on Google
Microsoft President Argues AI Less Regulated Than Washing Machines

Microsoft’s president says artificial intelligence now faces less regulatory oversight than appliances and dairy products.

Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

This lack of oversight underscores the urgent need for global artificial intelligence (AI) regulation, Brad Smith said in a BBC interview Monday (Oct. 12).

“Right now, your washing machine is subject to more safety rules than AI,” Smith said. “Every carton of milk that you see in the grocery store is subject to safety rules and inspection.”

Smith said global safety rules are needed, such as legal requirements to inform victims of agentic AI breaches, along with determining when third-party evaluators should endorse an AI product before launch.

The BBC report notes that demands for more AI oversight have increased as experts in the industry warn that they think the technology is a threat. The heads of American AI giants like OpenAI and Anthropic have supported calls for a slowdown in AI development, something the White House has pushed back on.

Smith told the BBC’s Big Boss Interview podcast that AI is both a “tool and a weapon” that urgently needed regulation.

“Let’s get started today,” he said, adding that companies need “emergency brakes” — otherwise known as “kill switches” — to halt or slow AI if it gets out of control.

Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.