The Wise Investor's Perspective on AI: Buffett's Cautious Insights at Berkshire Hathaway

In summary, the Oracle of Omaha, Warren Buffett, expressed concerns about the potential impact of Artificial Intelligence (AI) on society and the economy. At Berkshire Hathaway's annual meeting, he acknowledged the rapid advancements in AI technology but also highlighted the challenges it poses. He mentioned the possibility of AI displacing jobs and creating an income inequality gap between those who can adapt to the new technological landscape and those who cannot.

Buffett emphasized the need for education and reskilling programs to help people adapt to the changing job market. He also called for responsible development and implementation of AI, ensuring that it benefits society as a whole and does not exacerbate existing social issues. Buffett urged policymakers, businesses, and individuals to work together to address these challenges and harness AI's potential for the betterment of humanity.

This was my article from old:

July 18, 2023

As almost like all tech buddies AI is never and will cross the line, it will only cut through the lines. So whatever we fear of doing is almost it can never do. The argument is only in the level of one tech to another. When A can write a code or create something AI in health or just about in anything etc. and B if having something else that A doesn’t have the knowledge or the information in then he will simply cut through the lines.

Let me put this in a broader understanding for AI aspirants and nerds. “A” for example has good knowledge in the anatomy of a human heart. So he will be capable of connecting all the dots in the circulation of the blood which is the main purpose o f the heart function and if “B” is an expert in the development of the human heart from the rudimentary stages of the beginning from the first known heart in Cockroaches to the advanced heart of the humans “B” can only cut through the lines of “A.” That means “B” crosses the lines of “A”. In reality if you look at the work of “B” in its entirety he has only cut through the creation of “A” of what he has already done.

Finally and not the least AI will and can never cross the lines is the end of the argument.

Banking & Finance: Mint

In the world of banking, a mint is not a place where coins are made, but rather a term used to describe a financial institution that has been granted permission by a central bank to issue banknotes. This role is also known as a note-issuing bank or a currency board. The concept of a mint in banking is rooted in the history of currency. In the past, coins were minted by governments or private entities, and they served as a means of payment and a store of value. However, as economies grew and trade expanded, the demand for larger denominations of currency increased. This led to the development of banknotes, which were issued by private banks as a way to facilitate transactions and provide a convenient alternative to coins. As the use of banknotes grew, governments became concerned about the potential for inflation and the impact of private banknote issuance on the overall stability of the economy. In response, central banks were established to regulate the issuance of banknotes and ensur

Finance & Banking: Brief history of the modern bank

The history of the modern bank can be traced back to ancient times when people used various methods of storing and exchanging wealth. One of the earliest forms of banking originated in Mesopotamia around 2000 BC, where temples served as the first lenders. These temples provided loans to farmers in the form of grain or silver, with interest rates varying depending on the time of repayment. In ancient Egypt, the precursor to modern banking emerged with the establishment of grain banks that stored surplus crops and provided loans to farmers during periods of scarcity. These banks also served as intermediaries for international trade, exchanging goods for gold and silver. The concept of banking continued to evolve in ancient Greece and Rome, with moneylenders and wealthy individuals offering loans to merchants and traders. The Romans, in particular, developed a sophisticated banking system that included the issuing of promissory notes, letters of credit, and the establishment of the first

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