According to reports, legendary investor Warren Buffett (Warren Buffett) said today that he has no expertise in artificial intelligence (AI), but thanks to Microsoft co-founder Bill Gates (Bill Gates), he tried the popular chatbot ChatGPT.
In a media interview today, Buffett said, “To be honest, I don’t know much about the technology in terms of AI, but Gates recommended it to me four or five months ago. He said, “I’ll show you some of the latest stuff and what you can do with it. Later, I asked ChatGPT to translate the song “My Way” into Spanish. To my surprise, it came out two seconds later, it rhymed, and it was really wonderful.
As chairman and CEO of Berkshire Hathaway, Buffett has told shareholders for decades that he doesn’t know much about technology and therefore tries to avoid investing in tech stocks. But later, Buffett bought Apple stock under the influence of his investment lieutenants. Today, the stock has become one of the biggest and most successful bets of his career.
And ChatGPT is an artificial intelligence chatbot developed by OpenAI, a San Francisco startup in which Microsoft has invested billions of dollars. In the interview, Buffett also recalled a comment made by Gates that ChatGPT is not very good at telling jokes.
For AI technology like ChatGPT, Buffett is not yet sure if it is good for humans. In terms of capability, it’s an incredible technological advancement and truly extraordinary,” he said. But I’m not sure it’s beneficial yet.”
The technology is known to have raised concerns about potential abuse. Students have used ChatGPT to generate full papers, for example, and hackers have begun testing it to write malicious code. Late last month, Musk and thousands of other techies issued an open letter calling for a moratorium on training artificial intelligence systems more powerful than GPT-4.
Gates, however, argued that a moratorium on development wouldn’t really solve the problem. Instead, figuring out how to make optimal use of developments in the field of AI is the hard truth.
Gates and Warren Buffett have been friends for more than three decades. The two co-founded the Giving Pledge, which encourages the world’s richest people to give at least half of their wealth to charity.
