The Oracle of Omaha warns about AI: What Buffett said at Berkshire

Warren Buffett, CEO of Berkshire Hathaway, expressed his apprehensions about artificial intelligence (AI) at the company's annual shareholders meeting. Highlighting AI's dual potential for both significant benefits and harms, he shared a personal experience where AI mimicked him perfectly, raising concerns about its use in scams. Buffett compared AI's risks to those posed by nuclear weapons, indicating the difficulty of controlling such powerful technology once it is developed.

Despite his concerns, Buffett remains optimistic about the stock market and the U.S. economy. He noted that AI could disrupt labor-intensive sectors and potentially increase leisure time for workers. Greg Abel, Berkshire’s vice chairman, also remarked that the full impact of AI is still not completely understood, suggesting that we are just beginning to grasp its implications.