AI Gone Wild: Microsoft's Chief Economist Sounds Alarm on Potential Dangers and a Call for Tighter Regulations - Microsoft (NASDAQ:MSFT)

During a World Economic Forum panel in Geneva on Wednesday, Microsoft Corp MSFT Chief Economist Michael Schwarz warned against bad actors exploiting artificial intelligence leading to colossal damage.
Schwarz cautioned against damage from spammers with elections, calling out lawmakers and emphasizing stricter laws backing AI, Bloomberg reports.
Artificial intelligence tools face increased scrutiny as their use exploded in recent months following the debut of ChatGPT.
On Thursday, U.S. Vice President Kamala Harris will meet with the CEOs of Microsoft, Alphabet Inc GOOG GOOGL, and OpenAI Inc to explore ways to reduce the risk of harm from AI technologies.
Microsoft is working on guardrails to help mitigate the potential danger from AI tools, Schwarz said. It already uses OpenAI’s ChatGPT in its Bing search product, and Google released its rival Bard chatbot in March.
Schwarz advocated the upsides of AI, including more productive human output, revolutionizing how most businesses operate, and changing everything in the long run.
AI will likely be a key driver of turbulence in global labor markets and will play a role in changes for nearly a quarter of international jobs, according to a WEF report.
Price Action: MSFT shares traded lower by 0.06% at $305.24 premarket on the last check Wednesday.