Will.i.am, founder and CEO of FYI.AI, warns at Fuel Up With Fortune in Cannes about the dangers of unregulated artificial intelligence. He emphasizes that reckless AI development can lead to a dystopian future characterized by loss of privacy, control, and ethical standards. The brief 43-second video highlights the importance of responsible AI practices to prevent harmful societal consequences and urges businesses to avoid dystopian tactics that threaten our future.