Microsoft Corporation’s Chief Economist, Michael Schwarz, stated his primary concern about the swift integration of artificial intelligence in the economy is not the impending wave of job lossesbut instead bad actors acquiring AI systems for nefarious purposes, according to Bloomberg.
“I am confident AI will be used by bad actors, and yes, it will cause real damage,” Schwarz said at the World Economic Forum’s Growth Summit 2023 in Geneva, Switzerland. He said, “It can do a lot of damage in the hands of spammers with elections and so on.”
Schwarz emphasized that AI undeniably requires regulation, but he advised lawmakers to have a “wait-and-see” mindset until the technology causes “real harm.”
Is the possibility of losing jobs to AI a cause for concern? Michael Schwarz (@Microsoft) suggests that there is a more pressing issue we should be paying attention to instead. #GrowthSummit23 pic.twitter.com/DWMEWp7kjJ
— World Economic Forum (@wef) May 3, 2023