Warren Buffett likens AI to nuclear weapons, warns 'genie part way out of the bottle'
Warren Buffett
Warren Buffett, one of the world's most well-known investors, has voiced concerns about Artificial Intelligence (AI). Likening the technology to nuclear weapons, the 93-year-old co-founder, chairman, and CEO of Berkshire Hathaway, in a stark warning, said he was worried about the potential dangers of the technology.
'Genie out of the bottle'
Comparing the technology to nuclear weapons, Buffett, while speaking at his annual shareholder meeting in Omaha, Nebraska said, "We let a genie out of the bottle when we developed nuclear weapons," and that "AI is somewhat similar — it’s part way out of the bottle".
While he acknowledged that he did not have much knowledge about the tech, he said he still feared its potential repercussions.
The 93-year-old investor told the audience that his image and voice were recently replicated by an AI-backed tool and that the deepfake was so convincing that it could've fooled his family. Sharing the incident, he said scams using such deepfakes will likely become more prevalent.
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"If I was interested in investing in scamming, it's going to be the growth industry of all time," he remarked.
Buffett, who is known as the Oracle of Omaha, also acknowledged that the technology could potentially change the world for the better, but said he was not sold on the idea yet.
"It has enormous potential for good and enormous potential for harm…and I just don’t know how that plays out," he said.
AI a concern for many
Warren Buffett, as per CNN, is just one of many major business figures who have expressed concerns about AI scamming.
Just last month, JPMorgan Chase CEO Jamie Dimon, in his annual shareholder letter, told investors that he doesn't yet know the full effect AI will have on business, the economy, or society. However, he said that the influence will be significant.
"We are completely convinced the consequences will be extraordinary and possibly as transformational as some of the major technological inventions of the past several hundred years: Think the printing press, the steam engine, electricity, computing, and the Internet, among others," he wrote.
(With inputs from agencies)