The IMF boss says AI car is F1 without Guard Fence, why?

The director of the International Monetal Fund (IMF) Kristallina Georgieva gave a warning about its competition for artificial intelligence development. He fancied that technology as a Formula 1 car that was going so fast without a safety fence to protect the people around him.

The analogy was delivered by Georgieva in the discussion of AI and the Global Economy:

"We're racing. The question is, how do you install the safety fence so that when the car leaves the track, it doesn't kill people," Georgieva, quote from Associated Press, Monday (19 / 10 / 2026).

According to him, AI offers great benefits to the economy and to human life. However, advanced technologies are too fast without safety regulations potentially causing serious risk.

"I really respect this industry. I think what you're doing is very important to mankind. You may give us the biggest prize, but if it hits people, it may not be worth it," he said.

Georgieva's warning was answered by Jack Clark, one of the founders of Anthropic, the AI company behind Claude's chattot.

Clark even described the situation more alarming than the Georgieva analogy.

"I think it's worse than what you're describing. It's like Formula 1 at night, probably without brakes on his car," said Clark.

He highlighted the minimum of AI safety regulation over daily products.

"The toys that I bought for my kids had more strict regulation than the superintelligence that I did every day,

According to Clark, the tech companies can't be the only ones to determine AI's security limits.

Georgieva warned that Al's risk can exceed its benefits if there is no adequate protection.

"If there's no safety, the risk could go beyond the odds. And most importantly, we need a foundation of ethics. I'm not sure the public already has," he said, as Reuben reported.

One of the IMF's concerns is the impact of the AI on jobs. This technology could potentially increase productivity and create new jobs, but it can also replace human duty through automation.

Previously on IMF estimates nearly 40% of the world's jobs are potentially affected by AI, and in the developed world, the numbers even reach about 60%.

Even so, impacted work doesn't always mean it's gone. Some can be more productive thanks to Al's help.

Georgieva emphasizes the importance of education, retraining of workers, and social protection to deal with those changes.

He also encouraged government and technology industries to work together to establish Al safety regulations.

For Georgieva, the challenge was not to stop the development of AI, it was to make sure that the technology that went so fast didn't harm society.