At a conference in Washington, Microsoft President Brad Smith called on governments and corporations worldwide to intensify their efforts in response to the rapid development of artificial intelligence technology.

Microsoft has advocated for the implementation of “safety brakes” for AI systems that control critical infrastructure, as well as the establishment of a comprehensive regulatory framework for AI.

“AI may be the most significant technological advancement of our lifetime. Today, we announced a 5-point plan to address current and emerging issues related to AI, bringing together the public and private sectors to ensure that this tool benefits all of society.”

The accelerated development of AI has led to several drawbacks, including privacy threats, job losses due to automation in manufacturing, and the spread of fraudulent and misleading videos on social media.

The Microsoft CEO emphasized that governments and AI companies bear the responsibility for mitigating the risks associated with unchecked AI development.

Simultaneously, Microsoft acknowledges its own responsibility by undertaking to implement safeguards related to AI.

It’s worth noting that Sam Altman, the founder and CEO of OpenAI, shares the same opinion. He recently spoke before Congress, advocating for the establishment of a federal oversight agency that would issue licenses to companies involved in artificial intelligence.

Earlier we reported that NVIDIA will have to justify its record share price rise on the ground.