At Berkshire Hathaway's annual shareholder meeting, co-founder Warren Buffett shared his apprehensions about artificial intelligence (AI) deepfakes and the rise of scammers.
Despite his limited knowledge about AI, Buffett acknowledged its significance and potential impact, drawing parallels to the development of nuclear weaponry.
Buffett recounted an unsettling experience where he encountered a deepfake impersonation of himself, expressing concern about the implications for financial scams.
He remarked that while AI holds promise for positive advancements, such as in technology, the potential for misuse in fraudulent activities is alarming.
Buffett's apprehensions about AI come amidst Berkshire Hathaway's significant investments, particularly in Apple, the world's second most valuable company.
Apple's focus on generative AI products suggests a strategic response to the evolving landscape shaped by AI technologies.
Microsoft, which surpassed Apple in value, made strategic investments in OpenAI, the creator of ChatGPT, positioning itself as a leader in AI development.
As Apple endeavors to catch up, its emphasis on generative AI indicates a shift in focus towards leveraging AI capabilities in its product offerings.
Buffett's concerns underscore the broader conversation surrounding AI's potential impact on various industries, including finance, technology, and beyond.
