Warren Buffett has raised the alarm on AI, warning it threatens to supercharge fraud by making scams extra convincing than ever.
“Scamming has all the time been a part of the American scene,” the famed investor and Berkshire CEO mentioned throughout his firm’s annual shareholder assembly on Saturday.
However Buffett mentioned that photos and movies created utilizing synthetic intelligence have turn out to be so convincing that it is just about inconceivable to discern in the event that they’re actual or not.
“Whenever you consider the potential of scamming folks … if I used to be desirous about scamming, it’ll be the expansion business of all time,” he mentioned.
He recalled seeing a deepfake video of himself {that a} fraudster was utilizing to ask strangers for money.
“I virtually would have despatched cash to myself over in some loopy nation,” he quipped.
Buffett additionally likened the appearance of AI to the creation of the atom bomb, echoing feedback he made finally yr’s Berkshire assembly.
“We let the genie out of the bottle after we developed nuclear weapons,” he mentioned. “That genie’s been performing some horrible issues these days. The facility of the genie scares the hell out of me.”
“AI is considerably related,” Buffett added. “We may need we would by no means seen that genie.”
The billionaire, who touted AI’s monumental potential years earlier than ChatGPT’s launch, emphasised he is no knowledgeable within the nascent tech.
“I do not know something about AI, however that does not imply I deny its existence or significance or something of the kind,” he mentioned.
