Warren Buffett & Charlie Munger: AI's 'Atom Bomb' Concerns
Warren Buffett says that artificial intelligence (AI), like the atomic bomb, "can change everything in the world except how men think and act."
Warren Buffett and Charlie Munger, two of the most famous businessmen in the world, talked about recent changes in artificial intelligence. Buffett compared the creation of this powerful technology to the creation of the atomic bomb.
Legendary investors Warren Buffett and Charlie Munger talked about recent changes in artificial intelligence. Buffett compared the creation of this powerful technology to the creation of the atomic bomb.
During questions at Berkshire Hathaway's annual meeting in Omaha, Nebraska, on Saturday, an audience member asked Munger, the company's vice chairman, if he thought AI tech would be good for stocks, the market, and society as a whole.
"Well, if you went to BYD's workshops in China, you would see robots working at an incredible rate. So, there will be a lot more robots around the world. I am unsure of some of the talk about artificial intelligence," Munger said.
"I think old-fashioned smarts work pretty well," he said as a joke.
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Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., speaks during a Bloomberg Television interview in New York, Aug. 30, 2017. (Christopher Goodney/Bloomberg via Getty Images / Getty Images)
According to Buffett, "AI won't be able to replace the gene." "I'll say that without qualification."
The "Oracle of Omaha" admitted that artificial intelligence (AI) "can do amazing things," saying that fellow billionaire and friend Bill Gates had shown him the most recent iteration of Microsoft's ChatGPT technology.
It "did remarkable things," according to Buffett. But it was unable to make jokes. Bill prepared me by telling me that in advance, but it just isn't there.
Buffet was pleased by the AI's capacity to perform tasks like check all legal opinions "since the beginning of time," but he added that the technology's dominance should be cause for worry, likening it to the discovery that gave rise to nuclear weapons.
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FILE - The OpenAI logo is seen on a mobile phone in front of a computer screen which displays the ChatGPT home Screen, on March 17, 2023, in Boston. (AP Photo/Michael Dwyer, File / AP Newsroom)
Buffett said, "When something can do all kinds of things, I get a little bit worried." "Because I know we won't be able to un-invent it, and, you know, we did invent the atom bomb in World War II for very, very good reason."
Buffett went on to say, "It was very important that we did this." "But is it good for the next two hundred years of the world that this power has been released?"
A new conservative AI bot named after President Reagan is released.
"We didn't have a choice," he quickly added, "but when you start something—well, Einstein said after the atom bomb that this has changed everything in the world except how men think. And I would say the same thing, or maybe not the same thing, because I don't mean that, but I would say that AI can change everything in the world except how men think and act. And that's a big step to make."
Buffett's worries are similar to those of more than 2,000 researchers and tech experts, like Elon Musk, who signed a letter asking for a six-month pause on AI development because it poses "profound risks to society and humanity."
Thursday, Vice President Kamala Harris met with the heads of Google, Microsoft, Anthropic, and OpenAI to talk about AI policy. The White House said the meeting was to "make it clear that companies have a fundamental responsibility to make sure their products are safe and secure before they are deployed or made public."
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