please join us when our trumpet sounds again next "sunday morning." ♪ . i'm margaret brennan in washington. this week on "face the nation" -- breaking overnight, the white house and congressional republicans reach a deal in principle on the debt limit, but will they find the votes to pass it in time to head off a default? final a broke through in washington. house speaker kevin mccarthy told reporters late last night he and president biden had agreed on a two-year post-2024 extension of the nation's debt limit and that both sides had made concessions. >> historic reductions in spending, you consequential are reforms lifting people out of poverty, limiting government overreach. >> the plan has the potential for nos on the far right and

left in the house. exactly what president biden feared early in the week. >> you have to be in position where we can sell it to our constituencies. we're pretty well divided in the house, almost down the middle, and it's not any different in the senate. >> we'll talk to the top democrat in the house, leader hakeem jeffries. to an ally of mccarthy's congressman french hill. austan gollsbee will weigh in on the economic impact. a closer look at the growing concerns of a.i. with the president of microsoft, brad smith, an analysis from cbs news cyber security expert chris krebs. a tribute to the class of 2023, a generation of graduates who face down some unprecedented challenges. >> you can do hard things because you have already done hard things. >> it's all just ahead on "face the nation." ♪

good morning. and welcome to "face the nation." with just eight days to go before treasury secretary janet yellen says the u.s. will be forced to default on its spending obligation, there is a deal in principle to head off the crisis. the bill is still being written, and we are short on details at this point, but it will include a temporary cap on spending in areas other than defense, veterans or entitlements. the plan would expand work requirements for able-bodied adults who receive some government benefits including food stamps, but not for medicaid recipients, and it na will now have toeck sot r ho their members t for t and we are seeing signs just in the last hour that it could be a tough challenge for both sides. house democratic leader hakeem jeffries joins us now from his

district in brooklyn. good morning to you. let's get straight to it. can you deliver a majority of democrats? >> well, good morning, margaret. i do look forward to the white house briefing that's going to take place later on this afternoon with the house democratic caucus. we'll be able to have a robust discussion. let me say this, president biden has delivered a result that avoids a catastrophic default, that prevents us from -- our economy crashing and stops the extreme maga republicans from triggering a job killing recession, which, as we've seen over the last week or two, increasingly seemed to have been a position that they were takg s >> okay. well we'll only avoid a default if you can get the votes to get it through. speaker mccarthy predicted he can get a majority of republicans, some democrats he thinks will vote for it, but also quoted something he says you told him. listen. >> i think there's going to be a

lot of democrats that will vote for it too. right now the democrats are very upset. the one thing told me hakeem, there's not one thing in the bill for them, not one thing in the bill for democrats. >> did you say that and how do you convince democrats? >> i have no idea what he's talking about particularly, because i have not been able to review the actual legislative texts. all that we've reached is is an agreement in principle -- >> du talk to him? >> i talked to him yesterday afternoon. >> okay. >> what i haven't talked to him since that point in time. what i have consistently said, however, privately and publicly, was that the extreme maga republican negotiating position and that, dream bill that they've passed on april 26th, the default on america act, contained nothing that was consistent with democratic values or american values. it was unreasonable to think that that negotiating position is going to be able to result in a resolution that would make sense for the american people

when he understood and everyone understood that a bipartisan resolution was the only way forward to avoid a catastrophic default. >> that's a bill that is going nowhere. in terms of the one that was or is being written as we speak, the head of the progressive caucus pramila jayapal said this morning you need to worry about the left flank of the party. she has 102 members in that caucus. how many democratic defections do you expect? >> well, i've had several conversations with pramila jayapal over the last several days and will continue to do so and expect that she will be part of the caucus briefing that takes place later on today. here's what i can say, is that the agreement that was reached in principle by president biden, does several important things. in addition to avoiding a devastating default that would hurt everyday americans, it protects social security, it protects medicare, it protects

medicaid, protects veterans -- >> she's concerned about environmental policy change -- >> hold on -- >> and food stamps. >> hold on. i'll goat that. it protects the american people from the types of devastating spending cuts that were proposed by republicans in their default on america act. those are incredibly significant steps forward. now in terms of the permitting issue. i haven't had the opportunity, nor have any of us had the opportunity, proposed language may ultimately be in terms of the permitting situation. in terms of snap, as i understand it, and again, we'll have the opportunity to review that language in a few hours when it is released, but as i understand it, it will actually result in an expansion of eligibility for people like veterans and the homeless because of changes made to exemptions as a result of what

will be in this agreement in terms of the original 1996 law that was passed. >> according to the white house, it's going to relax work requirements for veterans and homeless people but still pushes up the age to 54, from 49. are you implying -- do you mean to say her the white house hasn't kept you fully briefed on the details? >> the white house has, of course, kept all of us fully briefed. >> okay. >> every step of the way. however, i do think that as the white house has indicated, this is only an agreement in principle. >> right. >> that will not be a final agreement until we all are able to review the actual legislative texts. >> the white house is still calling this a budget deal and separate debt limit increase, but mccarthy says it's a 150-page bill and not a clean debt ceiling increase, is this one vote, one bill? >> that remains to be seen and ultimately that's a decision that house republicans have as their prerogative to make. >> yeah. >> i do hope and expect to see a

significant number of house republicans voting for this agreement. it's my understanding that they are committed to producing at least 150 votes, if not more. they were the ones who negotiated this agreement with the white house. and i expect that they will provide a significant number of votes to get it over the finish line. >> okay. 150 republicans. you need something in the range of 70 democrats? you think you have that? >> well, i do expect that there will be democratic support. once we have the ability to actually be fully briefed by the white house, but i'm not going to predict what those numbers may ultimately look like. we have to go through a process consistent with respecting every single member of the house of representatives and their ability to fully understand the resolution that has been reached. >> okay. well, jim headlinz of connectic not a progressive said if this vote fails we'll see the kind of market reaction none of us want to see.

can you deliver a vote, can you deliver someone like him, deliver a vote that wins on the first try? he's talking about a market crash. >> well we have to, of course, avoid a market crash. we have to avoid tanking the economy and avoid a default. the reason we're in this situation from the beginning is extreme maga republicans made the determination that they were going to use the possibility of default to hold the economy and everyday americans hostage. >> understood but that's where we are right now. that negotiation happened. >> that's right. >> you negotiated with them. >> here we are. >> right. >> and that's why i'm thankful that president biden has reached a resolution and that's also why i'm thankful that notwithstanding the fact that they were trying to jam ten-year spending caps down the throat of the american people, we were able to apparently match up a freeze in spending consistent with 2023 levels -- >> well --

>> 2023 levels, not the 2022 levels that they were trying to extract. >> there's some disagreement -- >> make sure we avoided a catastrophic default. there's disagreement on those, but we don't have the text. i want to ask about the backup plan. 213 democrats voted for the discharge petition, idea of being able to vote to lift the debt ceiling even if republicans -- if the republican leader doesn't do it. you would need five republicans. can you do that? can you guarantee people that we willdefault? >> s. >> all right. hakeem fflad to have hopefully we see you here in person next time. we have a lot of work ahead in congress and also on the democratic side. the republicanepn congressman french hill who joins us from little rock. good morning to you, sir >> margaret, good to be with you. >> let's pick up where we left

off. the leader says 150 republican votes can be delivered by the gop. do you have those votes for this deal? >> i feel confident that we'll have those votes after people review the text, talk with their colleagues, compare it to our goals. speaker mccarthy is the only person who demonstrated urgency on this point starting when he was sworn in and starting with the first meeting with president biden to get to a sensible and responsible increase to the debt ceiling. he had two red lines, margaret. no tax increase and not a clean debt ceiling and i think he's achieved that. >> one bill, one vote? >> that's my view. >> okay. that decision has been made, it sounds like, based on what you're indicating here. in terms of the votes, though, thisthrough.s to hath democratsne we'll see.

can you guarantee that this vote will happen and will succeed on first try? >> i believe it will. i'll tell you why. we had our plan, which we passed, as you noted on april 26th, with the full support of the american people to stop the avalanche of spending and each component we had of limiting the rate of growth, limiting the amount of spending -- >> that's past tense. i don't want to talk about past tense we're talking about the deal that's brokered. i want to talk about whether you can deliver that on wednesday. this wednesday is when the speaker says the vote will happen on this tentative agreement. >> okay. well my point is, that it's not past tense. each of the components we had in the bill on the 26th is reflected in this negotiated deal in principle that the speaker achieved with president biden. and that's why i believe that we'll have those votes on wednesday because we limit the rate of growth, we cut spending, we claw back unneeded spending and recessions. we stop unnecessary spending and

get our economy growing with regulatory relief, encouraging more people back to work. >> okay. well, chip roy and others from the freedom caucus said they don't want to see the vote happen and they will try to block it. >> okay. they need to read the text and visit with their colleagues. >> have you read it? we haven't. >> no. i'm going to read it this afternoon when it's posted on the house website. >> okay. so in terms of what is being drafted, there's differences here in terms of spending freezes and which year we're comparing it to. the spend from the republicans and democrats is very different on this. what is actually going into the text? >> well, we're going to limit the rate of spending growth for nondefense, nonveteran spending. it will be an fy '22 levels. defense and veterans at fy '23 levels, we cap the growth rate in spending 1% a year for six years. that was a key component in the

april 26th bill when we offered 1% of growth for ten years. we also are going to go to a approach on appropriation bills which finally opens up and gives strength to the appropriations process that if all 12 bills are to the passed by september 30th, we go to a continuing resolution that 99% of current year spending levels. that's an immense incentive for congress to do its work and pass all 12 bills in the house and senate. >> okay. >> that's the spending issue. we claw back, as you noted, covid relief money, other recessions. stop the first year increase in the irs budget, nearly 2 dlfb spending stopped, of that $80 billion to be spent over 10 years for hiring irs agents. >> well we will wait to see that text as well. i want to get to what you were talking about in terms of freezes. every american knows your dollar doesn't go as far because of

inflation.thay b a for yn the senate because we already have republican senator lindsey graham criticizing thisl and the defense increase as you referred to it, because it doesn't keep up with inflation. how do you sell that? because he just -- he said that national security threats are increasing and this is a disaster for the navy and a win for china and putin. how do you respond to that? >> well, first, i think that's why speaker mccarthy and president biden agreed to the $888 billion spending level which was the president's level plus 3% inflation was exactly that point contained in this negotiated deal. i also would say look, we've had a gross overreaction in fiscal and monetary policy since the pandemic and that's why republicans are trying to slow the growth in spending and get back to normal before the pandemic and all areas will have to sacrifice. look, the speaker and the

president agree, we want to preserve defense, preserve veterans, and take social security and medicare off the table. those are big chunks of the federal budget. >> well, this has to make it through the house and then through the straight, so it sounds like there's still a lot of convincing you need to do on those points you laid out. are you worried that the scope of this isn't big enough for you to then go back and sell to some skeptical members of your caucus who wanted to see bigger reductions? >> well, i'm one of those people that wanted bigger reductions, but i also recognize we control only the house of representatives. we've got to get it through the straight as you note and the biden administration controls the central government here. if they were so concerned about the debt ceiling, they could have negotiated with mccarthy a lot earlier or they could have raised the debt ceiling when they controlled both branches of the house and senate and the federal government in december, but they didn't. this is the world we have. it's not the spending cuts i would prefer.

but when you look at pay go on regulatory costs that's a big change. when you look at the massy note on 99% cr on appropriation, that's a big change. so i think we're in the absolute right direction, and it absolutely follows the goals of houseepubli laid out on april 26th. >> all right. congressman, thank you very much for coming on, giving us a glimpse into what republicans are putting on paper right now. "face the nation" will be back in a minute. stay with us. to help you connect and analyze data— from hvacs to elevators to lights. what if we use ai-driven insights to pinpoint inefficiency? yep. and act on it. saving energy, money... ... and emissions. yup. that's a big one. now you've built something better for everyone. that's the sustainability solution ibm and a global real estate company created. what will you create? ibm. let's create. as someone living with type 2 diabetes, i want to keep it real

and talk about some risks. with type 2 diabetes you have up to 4 times greater risk of stroke, heart attack, or death. even at your a1c goal, you're still at risk ...which if ignored could bring you here... ...may put you in one of those... ...or even worse. too much? that's the point. get real about your risks and do something about it. talk to your health care provider about ways to lower your risk of stroke, heart attack, or death. learn more at getrealaboutdiabetes.com we go now to austan gollsbee the current president of the federal bank of chicago and a former white house economic adviser in the obama administration. it's good to talk to you. i know you were chairman of president obama's council of economic advisors when we came to the brink back in 2011. markets are closed tomorrow but we are still very close to the default deadline. how dangerous is the territory we're in, even with this

tentative deal? >> it's definitely a little dangerous. you know, as chair powell has stated from the beginning, we must raise the debt ceiling. now the fiscal decisions, of course, are between congress and the president and however they sort it out is good by us, but if you did not do that, the consequences for the financial system and for the broader economy would be extremely negative. >> how important is it that this vote succeeded on the first try? >> like i say, this is a fiscal decision left to congress and the president, so it wouldn't be the place for anybody from the fed to be saying what they should pass or how they should vote. >> yeah. >> but, you know, i liken it to there's legitimate argument if you're trying to lose weight, you know, what can you eat and how much exercise. everybody should be able to agree that first strategy should

not be cutting off your toe. that doesn't save much weight and it's really painful and that's kind of where the debt ceiling is. >> well, treasury secretary yellen said it's already kind of painful because she's already seeing borrowing costs and that go up and that there is a cost to being in this place of brinksmanship. what is -- can you in any way quantify what the impact is to the economy being in the place we are? >> look, margaret, you raise a great point that even the anticipation of these problems does have consequences on the economy and does have consequences on financial markets. in a way this couldn't be happening at a worse time, so i'm definitely heartened you saw both parties there on the program expressing confidence that they're going to be able to raise the debt ceiling and -- because if you just look at what's happening to the rates, you already see that there's

fear and uncertainty, but there are multiple steps that can get worse. so if you have banks already on edge because of the financial and banking stresses that we've seen over the last couple months, taking the safest asset on anyone's balance sheet which is u.s. treasuries and kind of calling it into question, is not good for the banking system and not good for lending and the real economy, and you'll start to get into other problems like if the rating agencies downgrade u.s. treasuries again, then that could raise the interest rates we have to pay even more, and you get into secondary problems like insurance companies that aren't allowed to hold things whose rating isn't high enough. so let's just avoid it. let's raise the debt ceiling and get on to the next thing. >> right. i understand you're in a different role now at the fed than you were back then, but

this is a complicated economic environment w can you say at this point -- i know you haven't seen the text, no one has -- what this will do to the fight against inflation and some of the choices you will have to make at the fed? >> well, look, as i say, raising the debt ceiling and decisions about the budget have -- that's none of the fed's business. the law gives the fed two jobs. maximize employment, stabilize prices. we've done very well on the employment side. we're improving on the inflation side, but we have not succeeded. inflation is still well higher than where we want it to be. so at a moment of banking crisis, it will be a great relief if we raise the debt ceiling and go back to dealing with the matters at hand, which are the real economy side of employment and inflation. >> do you have a sense yet of whether you personally want to

raise interest rates again at the flex next june meeting? a a we're going to get a lot of important data between now and then. i think the part that makes this job difficult is you got two simple goals, but the actions that the fed takes, take months or even years to work their way through the system. so the fed has raised the interest rate by five full percentage points over the past year. that's the fastest increase in decades, rivalling ever, and some part of that still has to work its way through the system. >> yeah. >> so there's no doubt inflation is too high still. it has come down. and we're just trying to manage,

can we get inflation down withoutrtthe eople who say we cannot. but i think that we can. and that's for sure the goal. >> all right. president goolsbee, thank you for your time and we'll be right back with a lot more "face the nation." stay with us. m. phil: excuse me? hillary: that wasn't me. narrator: said hillary, who's only taken 347 steps today. 349... hahan e-bike.. mary's period dto start . mary: it is? narrator: and her friend hasn't washed his hands since... monday! yeah, i'd put that back. and then there's bill, whose heart rate rises to 115, nervous i'll mention... bill: my diarrhea? narrator: his chronic night sweats. linda: you sweat more at night than you do at the gym. narrator: which is rich coming from linda, who's wearing yoga pants but never does yoga! linda: i stretch! bill: how do you know so much about us!? phil: i don't like it... narrator: it's your health data, you've been sharing it without realizing it. that's how i know about kevin's rash. and your halitosis!

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or live chat at calhope.org today. welcome back to "face the nation." artificial intelligence is raising concerns on a number of fronts, even among the companies who have devoted considerable resources towards its development. we spoke with microsoft president brad smith late last week. you said a.i. offers perhaps potential for the good of humanity than any invention that has preceded it. that's an incredible statement. >> it's an invention that can help us do research, learn more, communicate more, sift through data better, and its uses are almost ubiquitous. in medicine and drug discovery and diagnosingseas rues

of sayheed cross or others in a disaster to find tse stvulnerab d cruncssly. >>t's. it identifies patterns in data that may be difficult for humans to access, but in a sense, it's going to impact all of our lives in a multiple of different abo in our ability to learn, communicate, express ourselves. >> but what should american consumers know about artificial intelligence? >> it's a co-pilot, if you will, to help us do things. i think one good thing for everyone to know is, it's already part of our lives. if you have a roomba at home, it finds its way around your kitchen using artificial intelligence to learn what to bump into and how to get around it. it isn't necessarily as mysterious as we sometimes think. and yet at the same time, it is

getting more powerful. it can do much more to help us and i think the other thing that all of us should think about as americans is, like any powerful technology, we need to keep it under human control. we need to keep it safe. and that will require the work of compani that create it, that use it. it will require, i think, a level of law and regulation as we roomba -- >> yes, i did. >> to the machine takeover here. when you say you have to make sure humanity is in control here, there is really a risk that it won't be? >> whenever you have something that fundamentally can do good, but could also go and do harm, you put a breaking mechanism in place. you put a safety brake, an emergency brake. we should think about a.i. the same way. >> what's the most promising concept you see? >> well, i do love these examples where a.i. can detect a disease, a form of cancer,

before the human eye or other human doctors might. you take something like pancreatic cancer. you know, it is so small when it begins, that typically it's undetectable to the human eyes of doctors. and yet, a.i. is very good at sifting through patterns and detecting things and flagging them. >>ehoulexct? >> think of the aompu whatu don monday nights and if so, does it tke reservations and how do ie? n w that in one sentence and get all of the information back. you no longer have to spend your time clicking on links and finding answers. take that example and generalize further. you want help, you have writers block and you have to write a memo and need to sift through your e-mail an want to create a

power point slide, you can tell a computer what you want it to do, as i say we create what we call a co-pilot, you don't have to know how to do everything. you just have to know what you want done and how to ask for it. >> how do you know the information is accurate? >> i do think it's in part based on using your brain. i've often found in the world of technology, if something doesn't sound right, you should double check. that will still be true. >> on the concerning side of the ledger, goldman sachs predicted a.i. will disrupt 300 million jobs here in the u.s. and in ro. how fast goingo ha? >> it will ars, although things will over decad as wl. us, theay d there w bre displa we wor wil change. this will be new'lto,ankly, dev

and acquire. >> you have a very deep concern here about deep fakes. this is content that looks realistic but is computer generated. on monday there was a photo that actually moved the markets. it was a fake photo. it looked real of explosion near the pentagon. and it was potentially partially created by a.i. the market sold off quickly. it was fact-checked but that image was put out there from an account that looked legitimate as well. so how do you stop something like this from happening? >> we'll need a system we and so many others have been working to develop that protecting content, that puts a watermark on it, if somebody alters it or removes the watermark to try to deceive or defraud someone, first of all they're doing something that law ma. co, we can useheeri. toec wn th

like cbs would have video that somehow could be identified, besides our little icon, something embedded that your computers would see to say this is real. >> absolutely. yes. that is exactly where this should go. i would guess and hope cbs will be absolutely at the forefront of this. you embed what we call meta data, it's part of the file, if it's removed we're able to detect it. if there's an altered version, we, in effect, create a hash, think of it like the fingerprint of something, and then we can look for that fingerprint across the internet. >> another topic here that's related, the rnc, politics, put out an attack ad using a.i., it was meant to mimic a news report from the future, from 2024, joe biden won the election and then shows this dystopia.

in tiny little script in the upper left-hand corner it says generated by a.i. is that sufficient? >> i do think that there is some real virtue in telling the public when they are seeing content that has been generated by a.i. instead of a human being, especially if it is designed to look like a human being. a human face or voice. so that people know, no, that's not the real person. i think we'll need some new standards in that space. >> who sets that? >> this, i think, is one of the issues that we're going to need to discuss together and find a path through. now we do need to balance that. we live in a country that i think quite rightly prides itself on free expression. >> we're on the cusp of a presidential election year. how much of a factor is this going to be, deep fakes and misleading ads? >> i think there is an opportunity to take real steps in 2023 so that we have guardrails in place for 2024.

so that we are identifying n my view, especially when we're seeing foreign cyber influence operations from a russia, china or iran, pumping out information that they know is false and is designed to deceive, including using artificial intelligence, that will require the tech sector coming together with government, and it really will require more than one government. this needs to be an international initiative. we've done that in recent years in other spaces. we can do it again and i think we should. >> sam altman, ceo of openai which made chatgpt, testified before congress and recommended a new federal agency be set up to oversee a.i. you like this idea? >> yeah. >> it's implying that federal government is not colocurrently the task. >> we need more than we have. we need our laws applied and enforced but when it comes to the most powerful models, the

protection of the nation's security, i do think we would benefit from a new agency and licensing system, something that would ensure not only that these models are developed safely, but they're deployed in say large data centers where they can be protected from cyber security, physical security, and national security threats. >> how do you convince people this isn't the big, bad tech giant of microsoft setting the rules of the road and running the little guys off of it? >> we're not suggesting any company or the entire industry together should be the ones to set the rules. we should have the united states government elected by the american people setting the rules of the road. we should all be obliged to follow them. we need rules, laws, responsibility, and we need it quickly. >> there were a number of tech leaders, including elon musk and one of the co-founders of apple who called publicly for a six-month pause in a.i. systems

that are more powerful than gpt 4 or have government's institute a moratorium until there are safety protocols in place. is there something to that? do we need to tap the brakes a bit here? >> i'm not inclined to think that that's the answer. first of all it would take 12 months to get the government to debate and decide whether to have a pause to last for six months, but i think the more important question is, look, what's going to happen in six months that's different from today? how would we use the six months to put in place the guardrails that would protect safety and the like? let's go down that. rather than slow down the pace of technology, which i think is extraordinarily difficult, i don't think china is going to jump on that bandwagon, let's use six months to go faster. let's adopt an executive order here for the federal government where the government says it's only going to buy a.i. services in certain categories, say, from companies that are implementing a.i. safety protocols and the

like. you know, let's start to get some legislation moving. >> you think this will happen? some regulation or some legislation in the year ahead? >> i do. the world is moving forward. let's make sure that the united states, at least keeps pace with the rest of the world. >> you can see our full president brad smith on our - youtube channel. we'll be right back. i got this mountain bike for only $11. dealdash.com the fair and honest bidding site. this kitchenaid mixer sold for less than $26. this i-pad sold for

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we want to turn to chris krebs, the director of the cyber security and infrastructure security information and a cbs cyber security expert and analyst. good morning to you. >> good morning. >> i want to start on some of the other news from microsoft within the past days, which is that they, alongside u.s. intelligence, revealed the discovery of malware from a state-sponsored chinese actor embedded in u.s. critical infrastructure that was meant to shut down communications between the u.s. and asia, in the event

of a conflict, like planning for a potential invasion of taiwan to a lot of analysts. how significant a breach was this? >> well, i think it's significant in the fact that it's an escalation or evolution of chinese capabilities. i think it's no surprise that china is in the cyber offensive operations game. ten years ago, a cyber security company released a report and talked about their espionage capability. the same year there's evidence they were in u.s. gas and oil systems and stealing network schematics. from a cyber play perspective, china is quite capable. even this year director wray of the fbi said that the chinese have 50 hackers to every one fbi agent. they are quite capable. to your point, what's different about this report is it shows operational preparation of the battlefield. it shows that they are getting in place, that if tensions continue to escalate with

taiwan, they are in a position to cut off lines of communication, logistics and the ability of the united states to support and defend taiwan. >> yeah. this was in guam, which there's a u.s. military specific that would be key but broadly eaki, h vulnerable is u.s. infrastructure to these kind of attacks? >> well, i think just as brad smith pointed out in the previous segment is that we are using technology in virtually every aspect of our lives from day to day, to operational capabilities and critical infrastructure. we are highly dependent on technologies and don't always implement them in the proper way. there are vulnerabilities and misconfigurations we've seen bad twice from criminals to state actors take advantage of. we have seen an improvement in resilience and i think that the ukrainians performance in the

face of a russian cyber onslaught last year shows you can be resilient and prepare given the right information and the right time and investments to secure and harden and improve systems. >> microsoft's proposing an entirely new branch agency, government agency, be set up to regulate a.i. do you think we're at that point? >> i called for the creation of a digital agency last year in a key note i gave at the black hat conference in las vegas. we are well past the time that u.s. government needs to rethink how it engages and creates market interventions on technology, cyber, disinformation, and beyond. a.i. is probably that kind of forcing function that will push us there. there is precedent for reshaping government to meet emerging risks. 1939, the federal reorganization act, the government was reor reorganized. 2001 in the wake of 9/11 we

reorganized. i think we're on the cusp and think the issue is government is not keeping pace with technological development and the harms in society. >> the u.s., the biden administration, is looking to restrict the sale of certain technologies, export controls, to adversaries like china, for example. but the ceo of some of these companies they don't like it. nvidia, an a.i. chipmaker pushed back saying chinese will build their own chips. what do you think of the solution of trying to export control. >> well, china is a significant market for many american companies, whether it's on wall street or technology and chip companies. i think the current policy to restrict the more mature and advanced chips to the chinese market i think is a smart policy decision. i think it maintains european and american geopolitical competitive posture. i think we need to think,

though, how does this apply in an a.i. model perspective and i think that's in part what brad was getting at with this policy agenda and that is going to take quite some time from a legal and regulatory framework to scope these things out and figure out at what points of the economy do we make those interventions. >> right. not a quick timeline to turn that around. what do you think -- i mean hearing a tech giant ask to be regulated is unusual, to say the least. what are we to make of that? >> well, you know, if you kind of sit back and look at it, the tech industry is one of the least directly regulated. there are secondary regulations that come in through the new york state department of financial services, for instance, and other california laws, but i think when you see this sort of pushing for regulation, in part it says they're concerned and worried, but also looking for a little

bit of protection. if you step back and look at kind of the range of risks that you may encounter across a.i., there are very mundane risks that do not require additional regulation and brad talked about that. criminals using a.i. to build a better mouse trap. students using a.i. to cheat. as you get further up the risk hierarchy, there is disinformation, autonomous weapons systems that will have a.i. built in, and then you kind of get to that point of elon musk has talked about, the super intelligence turning into the terminator, there are areas, particularly i think on the models, not necessarily the implementations and apps, but the learning, large language models driving a lot of innovation right now, that's an opportunity to look at licensin some indemnification. we're playing by the rules, you put in place guardrails and reviewed our models, and if it's abused by someone else outside

of our control, then that's not on us. >> protect themselves as well. chris krebs, always good to get your analysis. we'll be back in a moment. inner voice (kombucha brewer): when i started my new kombucha business... i thought there would be a lot more kombucha... and a lot less business. inner voice (graphic designer): as a new small business owner... i've learned that trying to be the “cool” boss is a lot harder when you're actually the “stressed” boss. t my newresi.

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this memorial day weekend, we also would like to pay tribute to the hundreds of thousands of college this year who may be better prepared for real life than those before them. this spring on college campuses from coast to coast, reminders of the unprecedented challenges faced by the class of 2023. >> a once in a century global pandemic took millions of lives and disrupted life for billions more. america ended our longest war, and russia launched the first major ground war in europe since world war ii. >> some faced more adversity than others. graduates at the university of idaho spent six weeks without an arrest in the stabbing deaths of four of their fellow students last november. >> we've gone through a fiscal

crisis, a pandemic, and a horrific tragedy that could shatter any community, but did not here because of the strength and the work and the love that were shown to you. >> tulane students had been looking forward to somema a year ofthn't et an evacuation ahead of what ended up being a category 4 hurricane. >> this is a classic came back together after being displaced by hurricane ida, only to defy expectations, defeat the odds and question the status quo. >> the university of virginia community lived through the horror of one of its own allegedly murdering three and shooting two others just hours after what would become the school's last football game of the season. >> the deaths of three students, devin chandler, lavel davis jr. and deslaun perry were devastating, the depth of loss of these talented and beloved

teammates, classmates and friends is incall cueble. >> the tragedy the uva president said on top of covid brought more life lessons than could be taught in any classroom. >> you rose to those challenges with grace and courage, because you cared about this community ovelse. when tragedy struck you organized and attended a silent vigil that brought the community together in profound ways. >> uva's athletic director was invited to deliver the school's commencement address. >> i had decided to politely decline because i just did not know if i had enough left in the tank to give you guys my best. but as fate would have it, i received a text from d shawn perry's mom, asking me if i thought the university would consider allowing her to stand in d' sean's place today.

i said it's permissible but are you sure you can do it? she paused and said yes. he would be very proud of me and i will power through to do it for him. it was in that moment that i knew i would be speaking today. >> we thank carla williams for her persevere an and offering this sentiment to pass on to all graduates this year. >> you are bright and shining examples of the best we have to offer. we need your courageous spirit. we need your innovation. we need your creativity. we need your stubbornness and your toughness, your brilliance, your grit, and we need your compassion. we need each of you and we need all of you. >> we'll be right back.

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why aren't you holding yourself to that standard? what are the risks that they're looking at? >> i think i ask direct questions and i don't know that they're tough questions per se. i think there are a lot of tough issues our country is facing. >> does this mandate make sense? >> that's the role of "face the nation" to focus on the issues at hand. that means a civil, contextualized conversation with perspective. that's it for us today. thank you all forex. n,i'aret brennan.

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