Warren Buffett: AI is profound, and that's what makes it a genie

My name is Caroline and I’m a lawyer in San Diego. Remember, Mr. Munger was once an attorney, too. First, I’d like to sincerely thank you, Mr. Buffett, for your business integrity, tireless leadership, and generous contribution to philanthropy. My question for the distinguished panel of two is now that the AI genie is out of the bottle, as someone astutely put it earlier today, what business in Berkshire Hathaway may be most at risk with AI? Well, that’s a wonderful question. The problem is I really don’t know anything about AI, but obviously you know anything that’s labor intensive and intensive and that that it can create an enormous amount of leisure time. Now what the world does with leisure time is another question whether more leisure time. I know an awful lot of people think when they go to work at first that what they want is leisure time and what I like is actually having more more problems to solve and but AI is profound that’s what makes it makes it a genie. You know is is what what can happen. I’ll I could tell a few genie jokes but I better not they they but I guess worm we probably I don’t know what but you know what in terms of our businesses, they’ll figure things out. I mean we’ve got smart people and it’s obviously if it’s used in a pro social way, it’s got terrific benefits to society. But I don’t know how you make sure that that’s what happens any more than I know how to be sure that when you use 22 atomic bombs in World War 2 that you know that you hadn’t created something that could destroy the world later on. Yeah, Yeah. I think when we think of AI had a lot of the business units, I mean, we’re truly warned. Trying to think how does it make us more efficient, more effective. I mean it, it results in more idle time. And we’re probably not thinking of the iterative IAI where we’re looking at very specific processes where our people can implement it and either at times it displaces the labor but then hopefully there’s other opportunities for them within the within the business. But I think you know when you think of all our businesses, I mean we’re we’re, we do have a heavy labor workforce and a lot of them. But I think we at the stage we’re at as a as a company and and maybe where it’s at right now, it’s really around how do we do things more effective, more efficiently, more safely if it’s involves dangerous processes. So it’s we’re early innings.