Brad Smith told the BBC that AI needed more safety rules, including a legal obligation to a 'victim' if their system was breached by rogue AI agents.
'Right now, your washing machine is subject to more safety rules than AI. Every carton of milk that you see in the grocery store is subject to safety rules and inspection,' Smith said.
Smith described AI as a potential 'tool and a weapon' and said companies needed 'emergency brakes', also known as 'kill switches', to pause or slow AI if it grew out of control.
His comments came alongside those of Microsoft chief executive Satya Nadella, who on Saturday called for AI models to have an 'emergency brake'. Nadella wrote that superintelligence could not be treated as 'a set of nested black boxes' and that developers must build 'contained systems whose behaviour we can observe, limits we can test, and actions we can always contain'.
Microsoft, which operates AI infrastructure and is a shareholder in OpenAI, is led by Nadella.
The warnings follow growing calls from experts, politicians and regulators for tougher controls on AI, and come after Anthropic, Google DeepMind and OpenAI cautioned that the pace of the technology's development should slow. Britain's AI minister, Kanishka Narayan, was also preparing to call on firms developing the most advanced systems.