{"id":573373,"date":"2023-05-06T19:10:54","date_gmt":"2023-05-06T16:10:54","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/i-think-old-fashioned-intelligence-works-pretty-well-video\/"},"modified":"2023-05-06T19:10:54","modified_gmt":"2023-05-06T16:10:54","slug":"i-think-old-fashioned-intelligence-works-pretty-well-video","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/i-think-old-fashioned-intelligence-works-pretty-well-video\/","title":{"rendered":"#’I think old-fashioned intelligence works pretty well’ [Video]"},"content":{"rendered":"
Legendary investors Warren Buffett and Charlie Munger aren\u2019t fully sold on artificial intelligence.<\/p>\n

While AI has become a major buzzword<\/a> in first quarter earnings calls and the catalyst for a tech rally to start 2023, Buffett, 92, and Munger, 99, argue it might be not as revolutionary as some are making it out to be.<\/p>\n

“I am personally skeptical of some of the hype that has gone into artificial intelligence,” Munger said at the Berkshire Hathaway <\/a>(BRK-A<\/a>, BRK-B<\/a>) annual meeting. “I think old-fashioned intelligence works pretty well.”<\/p>\n

AI has taken center stage on Wall Street since OpenAI launched the latest version of ChatGPT in late November. Since then, tech companies have grown increasingly interested in AI as ChatGPT became the fastest-growing app<\/a> on record, and stocks such as Microsoft (MSFT<\/a>), Nvidia (NVDA<\/a>), and C3.ai. (AI<\/a>) have skyrocketed.<\/p>\n

AI has been the focus of earnings calls as tech companies wage an AI war on one another. Alphabet said its AI efforts lost $3.3 billion during the first quarter<\/a> while Microsoft believes it can help it win market share amid \u201ca generational shift in search.\u201d<\/a><\/p>\n

Microsoft has risen as a leader in the space, investing $10 billion in OpenAI. And the company’s founder, Bill Gates, recently presented some of the company\u2019s AI technology<\/a> to Buffett.<\/p>\n

“It did these remarkable things but it couldn\u2019t tell jokes,” Buffett said. “Bill told me that ahead of time and prepared me. But it just isn\u2019t there.”<\/p>\n

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