Buffett continued at the latest 2024 shareholders' meeting.CryptominergameIts consistent attitude towards artificial intelligence. Over the past year, the rapid development of artificial intelligence has not affected the investor's point of view.
Asked about generative AI, Buffett said, "I don't know anything about AI artificial intelligence, but that doesn't mean it doesn't seem like the technology isn't important." I also mentioned last year that we had let the genie jump out of the bottle, especially when we invented nuclear weapons before, and it is now doing some bad things. This power of the genie scares me sometimes, and it can no longer be stuffed back into the bottle. I think AI may be similar and has made it jump out. Of course, it is very important and very useful to many people, but we hope that such elves can do good deeds in the future, but I have no way to evaluate it, especially me, I have no way to evaluate it at all. For example, in World War II, when there was nuclear technology, we invented the atomic bomb, and we felt as if it was very necessary to end the war, which could save lives for the United States for a long time, and Einstein also mentioned, "if you do a nuclear test, you may let civilization end," but in the end, the United States decided to release the elf from the bottle. I think such decisions will affect our next generation and the future, and this is what we are seeing now. "
Buffett said, "the development of AI, to be honest, makes me a little nervous, especially some recent developments."
In November 2022, OpenAI launched the artificial intelligence chat robot ChatGPT3CryptominergameWith the arrival of version .5, artificial intelligence has become the hottest technology in the world and triggered a frenzy among investors around the world. Shares in Nvidia, the leading maker of AI chips, jumped 239 per cent last year and are up more than 79 per cent this year. Microsoft shares rose 58.19% in 2023, benefiting from expected earnings growth from AI. Microsoft is a major outside investor in OpenAI, and Microsoft founder Bill Gates is a longtime friend of Buffett. Buffett recently said that he is studying artificial intelligence and sees it as an important source of opportunity.
Apple CEO Cook said after the latest earnings release: "We are still very optimistic about our opportunities in the field of artificial intelligence." He added that Apple would stand out from its AI competitors by tightly integrating hardware and software, using in-house chips and putting privacy and security first.
Mr Cook said he would make a major announcement about generative artificial intelligence "in the coming weeks" and that he did not want to "disclose it in advance".
Interestingly, while Buffett may not invest directly in AI for the time being, his power companies are expected to benefit from the development of AI. Speaking of Berkshire's utility investment at today's shareholder meeting, Buffett's successor Abel said that as artificial intelligence and data centers have a growing demand for electricity, more investment will be needed in the future.