OMAHA, Neb. — Billionaire Warren Buffett said artificial intelligence may change the world in all sorts of ways, but new technology won’t take away opportunities for investors, and he’s confident America will continue to prosper over time.
Buffett and his partner Charlie Munger were spending all day Saturday answering questions at Berkshire Hathaway’s annual meeting inside a packed Omaha arena.
“New things coming along doesn’t take away the opportunities. What gives you the opportunities is other people doing dumb things,” said Buffett, who had a chance to try out ChatGPT when his friend Bill Gates showed it to him a few months back.
Buffett reiterated his long-term optimism about the prospects for America even with the bitter political divisions today.
“The problem now is that partisanship has moved more towards tribalism, and in tribalism you don’t even hear the other side,” he said.
Both Buffett and Munger said the United States will benefit from having an open trading relationship with China, so both countries should be careful not to exacerbate tensions between them because the stakes are too high for the world.
“Everything that increases the tension between these two countries is stupid, stupid, stupid,” Munger said. And whenever either country does something stupid, he said the other country should respond with incredible kindness.
The chance to listen to the two men answer all sorts of questions about business and life attracts people from all over the world to