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Berkshire Hathaway co-founder Warren Buffett lately sounded off on synthetic intelligence (AI) deepfakes and the perpetuation of scammers on the firm’s annual shareholder assembly.
Buffett, the ninth richest particular person on this planet (as of April 2024), has seen his personal web price develop by some $16 billion by means of the primary 5 months of 2024 alone. Through the shareholders assembly held in Omaha, Nebraska he lauded the corporate’s development and perseverance regardless of the November 2023 loss of life of vice chairman Charlie Munger.
Nevertheless, the commentary rapidly turned to AI because the assembly wore on. Talking throughout a Q&A session, Buffett stated “I don’t know something about AI however that doesn’t imply I deny its existence or significance or something of the kind.”
After this auspicious begin, he in contrast the impression of AI applied sciences in illicit monetary actions to the arrival of the atomic bomb and the proliferation of nuclear weaponry.
This, because the 93-year-old billionaire related it, stemmed from an expertise he had whereby he was uncovered to a deepfake doppelganger that regarded, dressed, moved, and talked precisely like himself.
Per a transcript of the assembly:
“I imply, scamming has at all times been a part of the American scene, however this may make me, if I used to be concerned with investing in scamming, it’s going to be the expansion business of all time. And it’s enabled in a means. Clearly, AI has potential for good issues too however I don’t understand how you, primarily based on the one I noticed lately, I virtually would ship cash to myself time and again in some loopy nation.”
Whereas this isn’t the primary time that Buffett has decried what he sees because the scary potential of AI, it’s notable that Berkshire Hathaway’s largest funding holdings lie on this planet’s second most respected firm, Apple.
The Cupertino firm’s primary spot was usurped by Microsoft who metaphorically strapped itself to a rocketship when it invested closely in ChatGPT maker OpenAI.
Within the time since, it’s appeared as if Apple has been taking part in catch up. With a big portion of the corporate’s public-facing focus being positioned on generative AI merchandise.
Associated: The battle against bots: How to secure social media in the age of AI
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