Bill Gates, co-founder of Microsoft, delivered a compelling message in Washington, DC, advocating for comprehensive regulation of Artificial Intelligence (AI) during his participation in the United States Senate's 'AI Insight Forum' on Wednesday.

Gates characterized AI as an infinite technology, stressing that its realization depends on robust regulation to maximize advantages while minimizing risks.

Gates emphasized that the potential of AI is limitless and that potential will only be realized if government, the private sector, and civil society work together to maximize the technology's benefits and minimize its risks.

The co-chair of the Bill and Melinda Gates Foundation likened AI regulation to past measures taken to control potentially disruptive innovations. He pointed out that this is not the first time a major innovation has introduced new threats that had to be controlled, and that it had been done before.

Whether it was the introduction of cars or the rise of personal computers and the Internet, people have managed through other transformative moments and, despite a lot of turbulence, come out better off in the end. Gates urged private-sector AI companies to prioritize safe and responsible development.

Gates proposed several regulatory measures, including safeguarding individuals' privacy, ensuring AI models align with fundamental human values, reducing bias, broadening access to AI benefits, and preventing malicious use by criminals or terrorists.

Matt Clifford, Chairman of the United Kingdom's Advanced Research and Invention Agency, echoed Gates' sentiments, stating that there's an enormous upside from this technology, but it's essential that the world invests heavily and urgently in AI safety and control.

The 'AI Insight Forum' attracted prominent figures from the tech industry, including Elon Musk, former owner of X (formerly Twitter), Sundar Pichai from Google, Mark Zuckerberg of Meta, and Sam Altman representing OpenAI.