Just as the world is getting used to the rapidly expanding use of AI, or artificial intelligence, AGI is looming on the horizon.

Experts say when artificial general intelligence becomes reality, it could perform tasks better than human beings, with the possibility of higher cognitive abilities, emotions, and ability to self-teach and develop.

Ramin Hasani is a research scientist at the Massachusetts Institute of Technology and the CEO of Liquid AI, which builds specific AI systems for different organizations. He is also a TED Fellow, a program that helps develop what the nonprofit TED conference considers to be “game changers.”

Hasani says that the first signs of AGI are realistically two to five years away from being reality. He says it will have a direct impact on our everyday lives.

What’s coming, he says, will be “an AI system that can have the collective knowledge of humans. And that can beat us in tasks that we do in our daily life, something you want to do … your finances, you’re solving, you’re helping your daughter to solve their homework. And at the same time, you want to also read a book and do a summary. So an AGI would be able to do all that.”

Hasani says that advancing artificial intelligence will allow for things to move faster and can even be made to have emotions.

He says proper regulation can be achieved by better understanding how different AI systems are developed.

This thought is shared by Bret Greenstein, a partner at London-based PricewaterhouseCoopers who leads its efforts on artificial intelligence.

“I think one is a personal responsibility for people in leadership positions, policymakers, to be educated on the topic, not in the fact that they’ve read it, but to experience it, live it and try it. And to be with people who are close to it, who understand it,” he says.

Greenstein warns that if it is over-regulated, innovation will be curtailed and access to AI will be limited to people who could benefit from it.

For musician, comedian and actor Reggie Watts, who was the bandleader on “The Late Late Show with James Corden” on CBS, AI and the coming of AGI will be a great way to find mediocre music, because it will be mimicked easily.

Calling it “artificial consciousness,” he says existing laws to protect intellectual property rights and creative industries, like music, TV and film, will work, provided they are properly adopted.

“I think it’s just about the usage of the tool, how it’s … how it’s used. Is there money being made off of it, so on, so forth. So, I think that that we already have … tools that exist that deal with these types of situations, but [the laws and regulations] need to be expanded to include AI because they’ll probably be a lot more nuance to it.”

Watts says that any form of AI is going to be smarter than one person, almost like all human intelligence collected into one point. He feels this will cause humanity to discover interesting things and the nature of reality itself.

This year’s conference was the 40th year for TED, the nonprofit organization that is an acronym for Technology, Entertainment and Design.