There are few nonagenarians who would be able to compel people to listen intently as they discuss artificial intelligence. But Warren BuffettCharlie Munger is 99 years old. provided their insights on today’s hottest technology at the Berkshire Hathaway annual meeting on Saturday, with a rapt audience looking on.

Buffett acknowledged A.I.’s “amazing” capabilities. He played around with OpenAI’s ChatGPT when ex-Microsoft CEO Bill Gates showed it to (Microsoft has invested heavily in OpenAI.) Microsoft has heavily invested in OpenAI. The Berkshire CEO also added:

“When something can do all kinds of things I get a little bit worried, because I know we won’t be able to un-invent it. We did invent—for very, very good reason—the atom bomb in World War II, and it was enormously important that we did so. But is it good for the next 200 years of the world that the ability….has been unleashed?”

He made a note that Albert Einstein once said that the Atomic Bomb does not change anything but men’s thinking. (The exact quote was, “The unleashed power of the atom has changed everything save our modes of thinking and we thus drift toward unparalleled catastrophe.”)

Similar with A.I. Buffett said, “it can change everything in the world except how men think and behave.”

Munger expressed the typical skepticism of the Berkshire vice-chairman towards the technology.

“I am personally skeptical of some of the hype that has gone into artificial intelligence,” He said. “I think old-fashioned intelligence works pretty well.” The audience applauded at this line.

“There won’t be anything in A.I. that replaces the G,” Buffett added. “I’ll state that unqualifiedly.”

Artificial general intelligence (AGI) is a term used to describe the artificial intelligence. to A.I. A.I. to It will reach a (eventually), a certain point where it can find a solution to an unfamiliar task. OpenAI defines It is as follows: “highly autonomous systems that outperform humans at most economically valuable work.”

There’s little doubt about the A.I. There’s no doubt about the A.I. that Munger referred to. A.I. In the first quarter earnings calls so far this year, A.I. according to Bloomberg has more than doubled in the last year as businesses try to increase their visibility. to Associating themselves with technology. 

Apple was the only exception, as it addressed A.I. in its earning call only once, when CEO Tim Cook briefly answered a question about it in the Q&A session. Cook stated that A.I. Cook said A.I. “huge” You can also read about how to get in touch with us. cautioned it’s “very important to be deliberate and thoughtful” The technology is deployed.

Buffett, as it happens, heaped praise upon Apple at today’s conference, calling it better than any other company in Berkshire Hathaway’s portfolio.

Buffett You can also read about how to get in touch with us. shared his thoughts A.I. This week, local radio station WOWT is in Omaha, Nebraska where the conference takes place.

“It’s not going to tell me which stocks to buy or anything of the sort,” Buffett said. “It can tell me every stock that meets a certain criteria, or a criteria, in three seconds or something. But it’s got decided limitations in some ways.”

“It’s very interesting,” Then he went on. “It can translate the Constitution into Spanish in one second. But the computer could not tell jokes…I told Bill to bring it back when I can ask it, ‘How are you going to get rid of the human race?’ I want to see what it says—and pull the plug out before it does it.”