Microsoft founder Bill Gates and OpenAI CEO Sam Altman discussed the potential impact of artificial intelligence (AI) on global affairs in a recent podcast. Altman suggested the creation of an International Atomic Energy Agency (IAEA)-like body for regulating AI to address the societal and geopolitical implications of advanced AI systems. Gates emphasized AI's positive potential in preserving democracy and fostering world peace. Both Microsoft and OpenAI have engaged in AI regulatory discussions, and Altman highlighted the need for global cooperation, comparing it to the IAEA model for nuclear energy regulation. Altman elaborated on the regulatory framework, drawing parallels with nuclear energy regulation. He proposed a global agency to oversee the most powerful AI systems, ensuring safety audits and international cooperation in addressing the challenges posed by these technologies. Altman believes it can mitigate the most significant threats.