Very welcome. I'm really happy. I'm here with Brad Smith.

Brad is the president of Microsoft. And Microsoft is the second biggest holding in the fund,

and each Norwegian own roughly 40,000-counter worth, so it's pretty amazing.

And I also have Ulf Svdrupp here. He's a director of Nupi, the Norwegian Institute of Foreign Affairs.

And today we are actually going to talk about artificial intelligence.

So really pleased to have you here.

Well, thank you. It's a real pleasure.

It's a privilege for me to be here with you and to say thank you to everyone in Norway who owns a piece of Microsoft.

Now, Mark Andreessen recently wrote that we should not regulate AI. We should stuff it into everything we have in order to beat the Chinese.

And that was under the headline, we win, they lose.

Now, why is that not the great thing to do?

Or is it?

Well, I would say, I think it's good to put AI to use.

It's good to put AI to good use, and it's good to have guardrails that in effect will keep AI on the road and keep it under human control. The opportunity to use it for good is enormous to improve health care,

to find new cures for cancer, to develop new drugs, to improve education for every student,

to improve productivity. So I think the potential is enormous.

But as we've said in the past, every tool can become a weapon. Almost every tool is

unfortunately turned by somebody into a weapon. It will take not just responsible companies,

but law and regulation, to manage this properly. But how can one regulate something which is integrated and ingrained into weapons, medicine,

autonomous driving, just everything we do. How can you regulate one single piece of it?

I think you're hitting on an important point, which is that AI is not one thing, it's some

different things. And we should recognize that as we build a regulatory architecture that

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