Warren Buffett Warns of AI Risks; IBM CEO Disagrees as Berkshire Trims Apple Stake

May 6, 2024
Warren Buffett Warns of AI Risks; IBM CEO Disagrees as Berkshire Trims Apple Stake
  • Warren Buffett, at Berkshire Hathaway's annual meeting, raised concerns likening the potential dangers of AI to nuclear weapons.

  • IBM CEO Arvind Krishna counters Buffett's view, downplaying fears of AI's excessive power and questioning the continuation of its exponential growth.

  • Krishna highlights the necessity of infrastructure and power for further AI advancements and doubts AI will achieve super intelligence.

  • Buffett revealed Berkshire Hathaway reduced its Apple Inc. holdings by 22%.

  • Despite AI concerns, Buffett maintains a positive outlook on Apple's market resilience.

Summary based on 28 sources


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