During Berkshire Hathaway’s annual shareholder meeting, Warren Buffet highlighted the potential threat posed by deepfake artificial intelligence (AI) in facilitating widespread financial fraud.
He compared the dangers presented by AI deepfakes to the threats associated with the spread of nuclear weapons following their development in World War II. Buffet acknowledged the benefits of AI but highlighted that the ability to create convincing fakes might greatly enhance fraud schemes.
The nonagenarian expressed apprehensions after watching a deepfake movie that flawlessly imitated his vocal patterns, physical appearance, and behavioral traits, causing unease. “Scamming has always been a part of the American landscape, but this would compel me to repeatedly send money to myself in a foreign country,” cautioned Buffett.
Buffet’s Berkshire Hathaway has substantial investments in Apple and Microsoft, both of which are leading corporations deeply engaged in generative AI. However, the esteemed value investor demonstrates caution regarding potential misuses.
“Scamming has long been a prevalent aspect of American society, but the billionaire expressed that a personally targeted deepfake would genuinely astonish him,” the individual stated. The individual’s comments demonstrate how even knowledgeable investors might be deceived by manipulative actions carried out by automated systems.
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