Martin Ford is an entrepreneur, futurist, and author of multiple books, including the New York Times bestseller Rise of the Robots.

He recently published a sequel, Rule of the Robots, in which he claims that the best way to understand the impact of artificial intelligence on the economy and society is to see it as a utility analogous to electricity — in fact, “the electricity of intelligence.”

In Ford’s view, while general AI is unlikely to be achieved in the near term, AI will still widespread disruptive effects as an “explosion of specific applications” reach every aspect of social and economic life.

In a conversation with Martin Reeves, Chairman of the BCG Henderson Institute, Ford describes how that disruption will occur and how we will need to manage and regulate it, in order that the benefits outweigh the costs to society.