• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechAI

Microsoft’s chief economist is convinced that A.I. will be ‘used by bad actors’—but says that cars can be dangerous, too

Prarthana Prakash
By
Prarthana Prakash
Prarthana Prakash
Europe Business News Reporter
Down Arrow Button Icon
May 3, 2023, 3:09 PM ET
Michael Schwarz at a World Economic Forum panel discussion in 2023.
Michael Schwarz at a World Economic Forum panel discussion in 2023. Courtesy of World Economic Forum

Microsoft’s chief economist offers the following reply to those concerned about A.I. being misused for crime or other nefarious purposes: Cars can be unsafe, too. The key is putting safeguards in place. 

Recommended Video

“We do have to worry a lot about [the] safety of this technology—just like with any other technology,” Michael Schwarz said about artificial intelligence during a World Economic Forum panel on Wednesday. 

Vehicles, for example, get people to where they want to go. But they’re also a danger because of accidents and pollution. 

“I hope that A.I. will never, ever become as deadly as [an] internal combustion engine is,” Schwarz said. 

A.I.’s dangers can be hard to dismiss even for companies working on them, and Schwarz acknowledges that the technology can cause harm in the wrong hands. 

“I am quite confident that A.I. will be used by bad actors, and yes it will cause real damage,” Schwarz said. “It can do a lot of damage in the hands of spammers, people who want to manipulate elections and so on.” 

But some of that can be avoided, he said. “Once we see real harm, we have to ask ourselves the simple question: ‘Can we regulate that in a way where the good things that will be prevented by this regulation are less important?’” Schwarz said. “The principles should be the benefits from the regulation to our society should be greater than the cost to our society.” 

Microsoft is focused on the good that A.I. can bring society and is working to develop A.I. to “help people achieve more” by making them more efficient, Schwarz said. 

“We are optimistic about the future of A.I., and we think A.I. advances will solve many more challenges than they present, but we have also been consistent in our belief that when you create technologies that can change the world, you must also ensure that the technology is used responsibly,” a Microsoft spokesperson told Fortune. 

Microsoft has been a key player in the recent surge of generative A.I. technology. The company has built a chatbot using technology from OpenAI and has incorporated it into a number of products. Microsoft also plans to invest $10 billion in OpenAI over several years, after having already pumped money into the startup in 2019 and 2021. 

Schwarz’s warning about A.I. echoed, to a point, recent remarks by Geoffrey Hinton, a former Google VP and engineering fellow, who helped create some of the key technologies powering the widely used A.I. tools today and who is referred to as “the Godfather of A.I.” He warned that it may be tough to stop A.I. from being used for fraud. 

“It is hard to see how you can prevent the bad actors from using it for bad things,” Hinton told the New York Times in an interview published Monday. 

“I console myself with the normal excuse: If I hadn’t done it, somebody else would have.”

One of Hinton’s concerns is the availability of A.I. tools that can create images and aggregate information in a matter of seconds. They could lead to the spread of fake content whose accuracy the average person would have trouble discerning. 

While Schwarz and Hinton worry about how bad actors may misuse A.I., the two experts diverge in how they think A.I. may impact certain jobs.

During the WEF panel, Schwarz said people are “paranoid” about their work being replaced by A.I. and that they “shouldn’t be too worried” about it. But Hinton, who had worked at Google since 2013 until recently, said that there is a real risk to jobs in an A.I.-dominated work environment. 

“It takes away the drudge work,” Hinton said. “It might take away more than that.” 

Calls to halt advanced A.I. development

In March, over 25,000 tech experts—from academics to former executives—signed an open letter asking for a six-month pause in the development of advanced A.I. systems so that their impact could be better understood and regulated by governments. The letter argued that some systems, such as OpenAI’s GPT-4 introduced earlier that month, are “becoming human-competitive at general tasks,” threatening to help generate misinformation and potentially automating jobs at a large scale. 

Executives at tech giants like Google and Microsoft have said that a six-month pause will not solve the problem. Among them is Alphabet and Google CEO Sundar Pichai. 

“I think in the actual specifics of it, it’s not fully clear to me how you would do something like that today,” he said during a podcast interview in March, referring to the six-month moratorium. “To me, at least, there is no way to do this effectively without getting governments involved. So I think there’s a lot more thought that needs to go into it.”

Microsoft’s chief scientific officer told Fortune in an interview in April that there are alternatives to pausing A.I. development. 

“To me, I would prefer to see more knowledge, and even an acceleration of research and development, rather than a pause for six months, which I am not sure if it would even be feasible,” said Microsoft’s Eric Horvitz. “In a larger sense, six months doesn’t really mean very much for a pause. We need to really just invest more in understanding and guiding and even regulating this technology—jump in, as opposed to pause.”

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Author
Prarthana Prakash
By Prarthana PrakashEurope Business News Reporter
LinkedIn icon

Prarthana Prakash was a Europe business reporter at Fortune.

See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Latest in Tech

AIthe future of work
‘Godfather of AI’ Geoffrey Hinton predicts 2026 will see the technology get even better and gain the ability to ‘replace many other jobs’
By Jason MaDecember 28, 2025
17 hours ago
Startups & VentureTaxes
California tech founders unload on a proposed state wealth tax that already has some billionaires preparing an escape. ‘I am screwed for life’
By Jason MaDecember 28, 2025
19 hours ago
Innovationspace
NASA’s upcoming moonshot may let astronauts be the first to lay eyes on parts of the lunar far side that were missed by the Apollo program
By Marcia Dunn and The Associated PressDecember 28, 2025
21 hours ago
Arts & EntertainmentGen Z
Gen Zers and millennials flock to so-called analog islands ‘because so little of their life feels tangible’
By Michael Liedtke and The Associated PressDecember 28, 2025
21 hours ago
Sridhar Ramaswamy is CEO of Snowflake, the AI Data Cloud company.
CommentarySoftware
Snowflake CEO: Big Tech’s grip on AI will loosen in 2026 — plus 6 more predictions that will define the year
By Sridhar RamaswamyDecember 28, 2025
23 hours ago
Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025.
AISam Altman
OpenAI CEO Sam Altman says he is ‘envious’ of Gen Z college dropouts who have the ‘mental space’ and time to build new startups
By Nino PaoliDecember 28, 2025
23 hours ago

Most Popular

placeholder alt text
Future of Work
Malcolm Gladwell tells young people if they want a STEM degree, 'don’t go to Harvard.' You may end up at the bottom of your class and drop out
By Sasha RogelbergDecember 27, 2025
2 days ago
placeholder alt text
Arts & Entertainment
Gen Zers and millennials flock to so-called analog islands 'because so little of their life feels tangible'
By Michael Liedtke and The Associated PressDecember 28, 2025
21 hours ago
placeholder alt text
Success
MacKenzie Scott's close relationship with Toni Morrison long before Amazon put her on the path give more than $1 billion to HBCUs
By Sasha RogelbergDecember 28, 2025
23 hours ago
placeholder alt text
Banking
Russian official warns a banking crisis is possible amid nonpayments. 'I don’t want to think about a continuation of the war or an escalation'
By Jason MaDecember 27, 2025
2 days ago
placeholder alt text
Real Estate
Paris Hilton took out a mortgage on the $63 million mansion she bought from Mark Wahlberg. Here’s why that’s actually a smart financial decision
By Sydney LakeDecember 28, 2025
23 hours ago
placeholder alt text
Politics
Peter Thiel and Larry Page are preparing to flee California in case the state passes a billionaire wealth tax, report says
By Jason MaDecember 27, 2025
2 days ago