Warren Buffett says one question posed by AI has stumped economists for a century
Publishing timestamp: 2024-05-07 11:23:31
Summary
Warren Buffett discussed the impact of artificial intelligence at the Berkshire Hathaway annual meeting, expressing concerns about unintended consequences and the potential effects on human-based work and leisure time. While AI is expected to drive labor productivity in the future, it is still too early to see significant gains. Companies are still in the early stages of implementing AI and developing strategies for its use. There are concerns about job losses due to AI advancements, leading to discussions about universal basic income. Buffett emphasized the need for companies to balance efficiency with human safety in the face of advancing technology.
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Keywords: warren buffett, generative ai, labor productivity and costs, technology, business news, labor policy, personnel, economy, careers, artificial intelligence, berkshire hathaway inc, breaking news: economy, labor issues, jobs, u.s. economy,