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AI will cause real damage, says Microsoft Chief Economist

  • Microsoft's chief economist has warned that AI in the wrong hands could cause "real damage" and be used by bad actors to disrupt elections and other areas.
  • During a World Economic Forum panel, Michael Schwarz expressed confidence that AI would be used for malicious purposes and called for regulation to be brought in once real harm had been caused.
  • Microsoft has made a significant bet on AI with a multibillion-dollar investment in OpenAI, but fears are growing about the risks of advanced AI despite the potential benefits it offers.

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