Berkshire Hathaway’s CEO and renowned trader Warren Buffett has expressed his concern about the rapid development of artificial intelligence technology, drawing comparisons to nuclear weapons ‘ probable effects. Buffett warned that AI- driven scams, with their ability to trap everyday people into believing almost anything, was be” the growth industry of all time” for criminals.
Warren Buffett addressed inquiries from visitors and shared his thoughts on a range of subjects, including the increase of AI, at the monthly Berkshire Hathaway shareholders convention on Saturday, according to Quartz. Despite admitting that he has very little information about synthetic knowledge, Buffett expressed his uneasiness about the technology’s possible outcomes.
Buffett compared AI to his position on nuclear weapons, drawing comparisons to his earlier statements at a meeting where he described the nuclear explosive as a fairy let out of the bottle that had been causing horrifying effects and frightened him. He stated,” AI is somewhat similar, it’s part way out of the bottle, and it’s enormously critical and it’s gonna get done by anyone. We perhaps wish we’d never seen that fairy, or it may do great things”.
Mark Zuckerberg is a phony ( The Washington Post/Getty )
The billionaire investor’s concerns stem from a unique encounter where he discovered a video that uses his likeness as a result of an artificial intelligence ( AI ) algorithm to deliver a message that he had not written or approved of. According to Buffett, such circumstances” could open the floodgates for possible ripoffs” and” the growth sector of all time.”
Buffett acknowledged that AI has a lot of possible for both good and evil despite his reservations. He emphasized the technology’s restricted knowledge, but he also acknowledged how important it will be in the future. ” I do think, as someone who does n’t understand a damn thing about about it, that it has enormous potential for good, and enormous potential for harm”, he said. ” And I just do n’t know how that plays out”.
Thousands of investors attend the annual Berkshire Hathaway shareholders meeting in an effort to learn from Buffett, who is commonly regarded as one of the most effective investors in history. This year’s event, held in Omaha, Nebraska, saw Buffett joined by Berkshire Hathaway vice chair Ajit Jain and Greg Abel on the screen.
Prior to the event, Berkshire Hathaway reported amazing financial benefits, including a history funds and Treasuries mound of$ 189 billion, marking a 13 percent increase in just three weeks. The company even experienced a 39 cent year- over- time surge in operating profits, reaching$ 11.22 billion.
Read more at Quartz here.
For Breitbart News, Lucas Nolan reports on issues involving free speech and online censorship.
