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IMF chief urges urgent guardrails for artificial intelligence risks

Summarised from 2 outlets · Updated 16 Oct, 12:02 · Archive

The International Monetary Fund's managing director has called for urgent guardrails to manage risks from the artificial intelligence boom.

The International Monetary Fund's managing director Kristalina Georgieva has called for urgent guardrails to contain potential risks from the artificial intelligence boom. Speaking at the annual meetings of the IMF and World Bank Group in Bangkok on Friday, she likened the technology to a Formula 1 race car that might go off the track and run people over.

Georgieva said the industry could offer 'the biggest gift' to humanity but warned of the consequences if safeguards were not in place. 'We are racing, and the question is how do we put barriers? So if a car was to fly out it doesn't kill people,' she said.

Anthropic co-founder Jack Clark, speaking on a panel examining AI's impact on the world economy, suggested the risks were even more severe. 'I think it's worse than you describe. I think it's Formula 1 at night without maybe brakes in the cars,' he said. Clark has previously proposed that the world's leading artificial intelligence companies should coordinate to pause development of advanced AI systems, citing concerns that the technology is improving so quickly there is a risk humans would lose control.

IMF chief urges urgent guardrails for artificial intelligence risks
Image: News4Jax

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In this story: International Monetary Fund · Kristalina Georgieva · World Bank Group · Bangkok · Jack Clark · Anthropic

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