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Warren Buffett warns the AI genie is 'out of the bottle'

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Saturday May 18 2024

Warren Buffett has compared the development of artificial intelligence to the nuclear bomb, and predicted that AI scams are set to become the biggest "growth industry of all time".

The 93-year-old investor was speaking hours after it emerged that his multinational Berkshire Hathaway sold down its famously large stake in Apple over the past three months, leading to a $40 billion plunge in the value of its holding.

At the annual Berkshire shareholders meeting, where more than 10,000 people have descended for what has been described as Woodstock for capitalists, the so-called "Oracle of Omaha" recalled becoming "nervous" after seeing an AI-generated image of himself.

"It was me, and it was my voice, and it was wearing the kind of clothes I wear… It was

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