Warren Buffett says AI scamming will be the next big 'growth industry'

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“When you think about the potential for scamming people ... if I was interested in investing in scamming, it’s gonna be the growth industry of all time and it’s enabled, in a way” by AI, Buffett said at Berkshire Hathaway’s annual shareholder meeting on Saturday.
“Obviously, AI has potential for good things too, but ... I do think, as someone who doesn’t understand a damn thing about it, it has enormous potential for good and enormous potential for harm — and I just don’t know how that plays out,” Buffett added.
David A. Grogen | CNBC AI has been the talk of Wall Street for more than a year, as investors bet on the technology’s potential to drive higher profits going forward.
“I don’t know any way to get the genie back in the bottle, and AI is somewhat similar.