Microsoft executive calls for faster AI regulation

The government needs to work faster to regulate AI, which has more potential for the good of humanity than any other invention preceding it, Brad Smith, Microsoft (MSFT) president and vice chair, said on CBS' "Face the Nation" Sunday.

Its uses are almost "ubiquitous" Smith said, "in medicine and drug discovery and diagnosing diseases, in scrambling the resources of, say, the Red Cross or others in a disaster to find those who are most vulnerable where buildings have collapsed," the executive added.

Smith also said AI isn't as "mysterious" as many think, adding it is getting more powerful.

"If you have a Roomba at home, it finds its way around your kitchen using artificial intelligence to learn what to bump into and how to get around it," Smith said.

Regarding concerns about AI's power, Smith said any technology that exists today looked dangerous to people who lived before it.

Smith said that there should be a safety break in place.

Job disruptions due to AI will unfold over years, not months, Smith said.