AI Hype Gets the Side Eye from Berkshire Hathaway’s Charlie Munger
Warren Buffett’s right-hand man, Charlie Munger, has thrown shade at the hype surrounding artificial intelligence (AI). The 99-year-old billionaire spoke at Zoom’s Zoomtopia conference and declared that AI is getting more attention than it deserves. According to Munger, AI is nothing new and has been around for a long time.
Munger’s skepticism towards AI is not new. He previously expressed his doubts about the technology at the Daily Journal’s annual meeting and mentioned the “crazy hype” surrounding it. Munger clarified that AI is essential but cautioned against unrealistic expectations. He believes that AI will not be the cure for cancer or solve all our problems.
Interestingly, the Daily Journal, which Munger owns, experimented with AI to write articles in the summer of 2022. Despite this, Munger remains skeptical about AI’s capabilities.
Munger’s boss, Warren Buffett, is also wary of AI’s potential. At Berkshire Hathaway’s annual shareholders meeting, Buffett stated that AI wouldn’t replace the human gene. Although he acknowledged the vast capabilities of AI, he expressed concern about its irreversible nature.
The skepticism from Munger and Buffett adds to the ongoing debate surrounding AI and its impact on various industries. While AI has made significant advancements and achieved impressive milestones, it seems the old guard is not fully convinced.
What are your thoughts on Munger and Buffett’s skepticism about AI? Do you agree or disagree? Leave a comment and let us know!
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