W. Buffett compares artificial intelligence to a nuclear weapon

We bottled it when we got nuclear weapons. With AI, he is on his way to the bottle, 93-year-old W. Buffett spoke at the annual shareholders’ meeting in Omaha, Nebraska, as quoted by CNN.

The entrepreneur known as the Oracle of Omaha admits that he has little understanding of AI technology, but says that he is still afraid of its possible effects.

According to him, his image and voice were recently replicated by an AI-backed hand and were so believable that they could fool his own eim. He added that scammers using these deep fakes are likely to become more sophisticated.

If I was interested in investing in manufacturing, then (I said) that it will always be the fastest growing industry, he told the audience.

It is true that W. Buffett also added that technology can potentially change the world for the better, but he says that he is not sure that it will happen exactly like that.

Berkshire Hathaway has started to use AI in part of its business to make employees more efficient, said Greg Abel, who will replace Buffett when he eventually steps down and heads Berkshire’s non-insurance business.

Sometimes he pushes the work force, but then, I hope, another opportunity appears, says G. Abelis.

Shares of AI-related companies have risen sharply. Over the past 12 months, the value of the shares of the microschem manufacturer Nvidia has increased by about 215%, and Microsoft by about 34%.

Berkshire Hathaway shares rose 22% during the same period.

W. Buffett is not the only important representative of business that needs to be confused about AI.

Last month, Jamie Dimon, the head of JPMorgan Chase, said in his annual address to shareholders that although it is not yet known what impact AI will have on business, the economy or society, there is no doubt that its path will be large.

We are absolutely convinced that the consequences will be extraordinary and perhaps as transformative as some of the most important technological discoveries of the last few years. Let’s remember, among others, printing, steam exchange, electricity, computers and the Internet, says J. Dimonas.

He also highlighted the risks associated with AI: You may already know that there are bad actors who use AI to try to infiltrate company systems to steal money and intellectual property, or simply cause disruption and harm.

According to CNN, 42% of executives surveyed last summer at a meeting of Yale executives say that artificial intelligence has the potential to destroy the world in 510 years.

These are deep and troubling things, says Yale University professor Jeffrey Sonnenfeld.

According to him, 119 managers in various business areas answered the survey questions, including Walmart CEO Doug McMillion, CocaCola CEO James Quincy, IT companies such as Xerox and Zoom.

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