AI will cause real damage when it falls into the wrong hands, according to Microsoft's chief economist

• Microsoft's chief economist said AI could be dangerous if misused by bad actors.
• Michael Schwarz made the comments during a panel appearance in Geneva, Bloomberg reported.
• The concerns over AI's dangers come despite Microsoft accelerating the development of AI.

AI "will cause real damage" if it falls into the wrong hands, Microsoft's chief economist has said.

During a World Economic Forum panel on Wednesday, Michael Schwarz said he believed AI could do a lot of damage if used by people like "spammers," who attempted to disrupt elections, Bloomberg reported.