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Munger: 'Old-fashioned intelligence works pretty well'

Buffett & Munger2023-05-08video2:50Open original ↗

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SpeakersQuestioner1Warren1
QuestionerAs AI and robotics continue to advance, what do you believe will be the positive and negative impact of this technology on both the stocks market and society as a whole?
WarrenI am personally skeptical of some of the hype that has gone into artificial intelligence. I think old-fashioned intelligence works pretty well. There won't be a, there won't be anything in AI that replace. as a gene. I'll state that unqualifiedly. They can do amazing things. You know, Bill Gates brought me out the latest, maybe not the latest version, but one he thought maybe I could handle, which has to be careful with me in terms of leading me too fast. And it did these remarkable things. It didn't, but it didn't. But it It couldn't tell jokes. Bill told me that ahead of time and it prepared me, and it just isn't there. But, you know, things like checking all the legal opinions on, you know, since the beginning of time and everything, and eliminating all the side of, I mean, it can do all kinds of things. And when something can do all kinds of things, I get a little bit worried. And because I know we won't be able to uninvent it. And, you know, we did invent, for very, very good reason, the atom bomb in World War II. And it was, you know, it was enormously important that we did so. But is it good for the next 200 years of the world that the ability to do so has been unleashed? We didn't have any choice. But when you start so. something. Well, Einstein said after the atom bomb, he said, this has changed everything in the world, except how men think. And I would say the same thing may, not the same thing. I don't mean that, but I mean they, they, with, with AI, it can change everything in the world except how men think and behave. And that's a big step to take. It's a good question and it's the best answer we can give.