May 4, 2024, 4:27 p.m.
1307

None

Brief news summary

During his annual meeting, Warren Buffett expressed concerns about AI scams and their potential harm. He shared a personal encounter with a fake video of himself, highlighting the dangers of AI technology. Despite a decrease in earnings, Buffett urged investors to focus on Berkshire Hathaway's strong operating earnings from owned businesses like insurance companies. The meeting honored Charlie Munger, introduced executives Jain and Abel, and Abel gained Buffett's endorsement for the CEO position and management of the investment portfolio. Overall, Buffett reassured shareholders that Berkshire Hathaway has strong leadership and is well-prepared for future success.

Warren Buffett warned shareholders at his annual meeting that artificial intelligence (AI) scams could become the "growth industry of all time. " Buffett shared his firsthand experience with a fake video of himself created using AI technology, acknowledging that scammers could potentially cause more harm than society can handle with this technology. Despite the drop in earnings due to the decline in the value of its investment portfolio, Berkshire Hathaway's operating earnings from its owned companies increased significantly. The meeting also paid tribute to former Vice Chairman Charlie Munger, highlighting his contributions to Berkshire Hathaway's success.

Berkshire Hathaway executives Ajit Jain and Greg Abel shared the stage with Buffett, with Abel standing out and being seen as a potential successor. Buffett expressed confidence in Abel's understanding of business and recommended him for the CEO position. Overall, Buffett emphasized the effectiveness of Berkshire Hathaway's current management structure and expressed hope for his and shareholders' presence in the next year's meeting.


Watch video about

None

Try our premium solution and start getting clients — at no cost to you

I'm your Content Creator.
Let’s make a post or video and publish it on any social media — ready?

Language

Hot news

Dec. 16, 2025, 9:22 a.m.

Business leaders agree AI is the future. They jus…

Business leaders across diverse industries continue to view generative artificial intelligence (AI) as a transformative force capable of reshaping operations, customer engagement, and strategic decision-making.

Dec. 16, 2025, 9:20 a.m.

AI-Enhanced Video Conferencing: Improving Remote …

In today’s rapidly evolving environment of remote work and virtual communication, video conferencing platforms are advancing significantly by incorporating sophisticated artificial intelligence (AI) features.

Dec. 16, 2025, 9:19 a.m.

IOC Integrates Advanced AI Technologies for 2026 …

The International Olympic Committee (IOC) intends to implement advanced artificial intelligence (AI) technologies in upcoming Olympic Games to enhance operational efficiency and improve the viewer experience.

Dec. 16, 2025, 5:43 a.m.

Zeta Global (NYSE: ZETA) spotlights Athena AI mar…

Zeta Global Announces Exclusive CES 2026 Programming, Showcasing AI-Powered Marketing and Athena Evolution December 15, 2025 – LAS VEGAS – Zeta Global (NYSE: ZETA), the AI Marketing Cloud, revealed its plans for CES 2026, featuring an exclusive happy hour and fireside chat in its Athena suite

Dec. 16, 2025, 5:22 a.m.

AI Video Compression Techniques Enhance Streaming…

In the fast-changing world of digital entertainment, streaming services are increasingly adopting artificial intelligence (AI)-based video compression techniques to improve user experience.

Dec. 16, 2025, 5:22 a.m.

AI is expected to supercharge holiday sales — her…

As the holiday season arrives, AI is emerging as a popular personal shopping assistant.

Dec. 16, 2025, 5:20 a.m.

Chicago Tribune Sues Perplexity AI Over Copyright…

The Chicago Tribune has filed a lawsuit against Perplexity AI, an AI-powered answer engine, accusing the company of unlawfully distributing the Tribune’s journalism content and diverting web traffic from the Tribune’s platforms.

All news

AI Company

Launch your AI-powered team to automate Marketing, Sales & Growth

and get clients on autopilot — from social media and search engines. No ads needed

Begin getting your first leads today