Warren Buffett is clearly not an expert. artificial intelligence — but what he knows makes him nervous.
speak at Q&A at Berkshire Hathaway Annual General Meeting of Shareholders On Saturday, Buffett likened the emergence of AI to his views on nuclear weapons. Berkshire's CEO recalled remarks he made at a conference the previous year, in which he described the atomic bomb as a genie unleashed from the depths that had “done terrible things” and was “extremely frightening.” .
“AI is something similar. It's still out of the bottle, but it's very important and someone will make it happen,” Buffet said on Saturday. “We might wish we had never seen the genie. Or we might do something amazing.”
He said he doesn't know much about technology, but he did have one experience with AI that was “a little bit nerve-wracking.” He stumbled across a video that used an AI-generated likeness of himself to “convey a message that never came from me.” . He was concerned that this could open the floodgates for potential fraud, calling it the “highest growth industry in history.”
“As someone who doesn't understand anything about it, I think it has the potential for good and very high potential for harm,” he said. “And we don't know how that's going to play out.”
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of Highly Anticipated and Featured Annual ConferenceThe event, dubbed “Woodstock for capitalists” by fans, opened Friday in Buffett's hometown of Omaha, Nebraska.
Shareholders wait all year long for a chance to hear directly from the 93-year-old Buffett, known as the Oracle of Omaha. He was joined on the panel by Vice Chairs Ajit Jain and Greg Abel.
Before the conference, Berkshire reported a record $189 billion in cash and U.S. Treasuries, an increase of 13% in just three months, and operating income of $11.22 billion, up 39% year over year. .