Microsoft ($MSFT@US) President Brad Smith supported creating a new government agency to license major artificial intelligence systems. Smith suggested that relying solely on large companies' assurances is not the best approach. Smith's call for a federal agency aligns with similar comments made by Sam Altman, CEO of OpenAI, the creator of ChatGPT. Microsoft's involvement in AI, including its partnership with OpenAI and the integration of ChatGPT into its products, has drawn attention to the need for regulation. Microsoft has advocated for guardrails around AI for years and supported Washington state's regulation on facial recognition technology.