TECH - Warren Buffett Fears The 'AI Genie' That's 'Part Out Of The Bottle' But Agrees It Has Potential To Do Good: 'Don't Know How That Plays Out' | Benzinga
Investment guru Warren Buffett conceded on Saturday that he was wrong on the influence of technological advances, especially generative AI.
What Happened: Speaking at Berkshire Hathaway’s annual shareholder meeting in Nebraska, Omaha, Buffett said, “I don’t know anything about AI.” He reminded shareholders about his comments about nuclear weapons at last year’s meeting.
“We let the genie out of the bottle when we developed nuclear weapons. That genie has been doing terrible things lately, and the power of the genie scares the hell out of me, and I don't know any way to get the genie back into the bottle,” he said, repeating his comments from the previous meeting.
On Saturday, he said AI is somewhat similar.
“It's part way out of the bottle,” he said, adding that “it’s enormously important and it’s going to be done by somebody.”
“We may wish we never be seeing that genie or it might do valuable things.”
Buffett recounted one ...