AI risks repeating social media era's mistakes: Microsoft president

The rise of AI has raised both excitement and concerns about its potential to improve or replace tasks done by humans.AI tools have shown in recent months the ability to generate essays, create realistic images, mimic voices of famous singers and even pass medical exams, among a slew of uses.

But there are also worries that chatbots could flood the internet with disinformation, that biased algorithms will churn out racist material or that AI-powered automation could lay waste to entire industries. A United Nations report this week said AI was more likely to augment jobs than to destroy them, adding nonetheless that theIt also said the effects of technology would vary greatly between professions and regions, with clerical workers facing the most exposure to changes and women more likely than men to see their jobs affected.Smith said it was clear the public"want to be confident that this new technology will remain under human control".

Mastercard chief executive Michael Miebach said companies needed to build trust over use of the tech and take action to address issues such as AI bias. But he also said he believed that the risks around AI were"not terribly new" and should not impede further development of the technology.Both men were speaking in New Delhi alongside other world industry leaders at a meeting that is serving as a prelude to next month's G20 summit in the Indian capital.

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