Warren Buffett says one question posed by AI has stumped economists for a century

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Warren Buffett says one question posed by AI has stumped economists for a century
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At the Berkshire Hathaway annual meeting, Warren Buffett said the AI ‘genie’ released from the bottle raises questions about a murky future for…

At the Berkshire Hathaway annual meeting over the weekend, Warren Buffett field several questions about artificial intelligence.

Buffett fielded several questions about artificial intelligence. Calling AI profound, Buffet said that the technology is like a"genie" — once it gets let out of the bottle, it could have disastrous effects. The worst fears he sees —enabled by AI to the threat of a breakthrough science equivalent to nuclear weapons in unintended consequences and risk to humanity.

Trump trial: Ex-president posts — then quickly deletes — message about witness schedule, hush money judge, after a massive productivity spike during Covid, there was a protracted slump, and it's only over the past four quarters that the data has turned around, up roughly 3% year over year. This rebound has led to questions from corporate executives about factors that could be at play, from AI to return-to-office mandates.

Most companies are still in the stage of setting budgets for AI and overarching strategy for how it can help both customers and employees, and trying to get into implementation mode. The problem of technological advances decreasing the amount of available jobs is an ongoing concern, and there have been countless surveys published since the release of ChatGPT in late 2022 covering job losses, or in the jargon often used to reflect the uncertainty over exact impact, jobs withCompanies like to say that AI won't replace jobs, but will allow human workers to focus on higher-value skills and tasks while giving over to the machines the rote work that humans don't like to...

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