FOX Business correspondent Darren Botelho reports on calls for an “emergency brake” or “circuit breaker” on AI from tech executives and lawmakers, and “Big Money in the Morning” panelists weigh in on calls for safeguards.
Microsoft President Brad Smith highlighted the need for global regulation of artificial intelligence (AI) in a new interview, saying AI currently faces lighter safety requirements than milk.
Smith said in a BBC interview published Monday that there was a need for a global set of AI security rules that includes a notification mechanism for victims whose systems are breached by a malicious AI agent, as well as an “emergency brake” available to developers.
Smith said there should be a legal requirement for companies to produce incident reports when AI goes wrong and added: “We know how to do this for other products. We should build on that knowledge and think about how to apply it to AI.”
“Right now, your washing machine is subject to more safety regulations than AI. Every carton of milk you see at the grocery store is subject to safety regulations and inspection,” Smith added.
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Microsoft President Brad Smith said milk and washing machines are subject to more safety regulations than AI models. (F. Carter Smith/Bloomberg via Getty Images)
The Microsoft exec’s interview comes as leaders of companies developing advanced AI models – OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei – are calling on developers to pace the development of advanced AI models to ensure they stay under control.
Altman and Amodei suggested allowing third-party reviewers to have employee-like access to AI model development processes to monitor capabilities and violations, and also report them to the public for greater awareness.
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Leading AI developers like OpenAI and Anthropic are considering voluntary mechanisms for third-party oversight of AI development. (Napong Rattanaraktiya/Getty Images)
Smith said Britain is well placed to lead the way on AI regulation thanks to the AI Security Institute launched by former British Prime Minister Rishi Sunak.
The Microsoft president added that officials in Washington viewed London’s approach to AI rules very differently from the European Union’s regulatory framework, which Brussels established to govern AI based on the level of risk.
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| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| MSFT | MICROSOFT CORP. | 541.15 | +6.08 | +1.14% |
The UK’s AI Security Institute benefits from pre-deployment access to AI models through voluntary agreements with lead developers, allowing them to assess the capabilities of the models and the risks they may present.
AI Minister Kanishka Narayan told Reuters that Britain would consider regulating advanced models if the current system proved insufficient.
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Reuters contributed to this report.
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