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Warren Buffett's warning that AI is like the atomic bomb is too negative, one expert says. AI could free human workers to create things and solve problems instead of replacing them, he said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The elite investor compared AI to the atomic bomb during Berkshire Hathaway's annual shareholder meeting this month. This story is available exclusively to Business Insider subscribers.
Persons: Warren, Babak Zafari, , Buffett, we'd Organizations: Service, Business Locations: Berkshire
Anduril founder Palmer Luckey believes the technology will lead to better decision-making and fewer blunders. Putin wouldn't have invaded Ukraine when he did if AI had helped him strategize, Luckey told Bloomberg. But Anduril founder Palmer Luckey believes the technology will improve war for everyone. "AI is going to be a tool to put all the cards on the table for everyone," Luckey told Bloomberg's Emily Chang in the latest episode of "The Circuit." "My hope is that you're going to have dictators who make better decisions because even they have better information from AI."
Persons: Palmer Luckey, Putin wouldn't, strategize, Luckey, , Emily Chang Organizations: Bloomberg, Service, Business Locations: Ukraine
AdvertisementSo who is Larry Page and how did he get to where he is today? AdvertisementPage and Sergey Brin create GoogleGoogle co-founders Sergey Brin and Larry Page met as students at Stanford. Google's parent company, Alphabet, has developed self-driving cars through Waymo, the company formerly known as the Google Self-Driving Car project. Page's personal lifeGoogle cofounder Larry Page and his wife, the scientist Lucinda Southworth C Flanigan/FilmMagicThroughout it all, Page has kept information about his personal life closely guarded. Life after GoogleGoogle cofounder Larry Page bought Cayo Norte, an island in Puerto Rico.
Persons: , Larry Page, Sergey Brin, Page, Sundar Pichai, Gloria, Carl Page —, Larry, what's, Nikola Tesla, he's, Brin's, BackRub, Brin, Eric Schmidt, Schmidt, Andy Rubin's, he'd, Andrew Kelly, Sergey, Lucinda Southworth C, Lucinda Southworth, Richard Branson, Page's, Carl Victor Page, Carl Page, He's, Hugh Langley Organizations: Service, Google, Business, Michigan State University . Education, Getty, Michigan State University, The, Montessori, Google Google, Stanford, Associated Press, University of Michigan, Labs, Reuters Page, Virgin Group, Investments, Carl Victor Page Memorial Foundation, Zee Aero, Pacific, Virgin Island, Atomic Locations: Michigan, Waymo, Toronto, Stanford, Caribbean, Palo Alto, Cayo Norte, Puerto Rico, Koop, Tavarua, Fiji
Rafael Grossi slipped into Moscow a few weeks ago to meet quietly with the man most Westerners never engage with these days: President Vladimir V. Putin of Russia. Mr. Grossi is the director general of the International Atomic Energy Agency, the United Nations’ nuclear watchdog, and his purpose was to warn Mr. Putin about the dangers of moving too fast to restart the Zaporizhzhia nuclear power plant, which has been occupied by Russian troops since soon after the invasion of Ukraine in 2022. But as the two men talked, the conversation veered off into Mr. Putin’s declarations that he was open to a negotiated settlement to the war in Ukraine — but only if President Volodymyr Zelensky was prepared to give up nearly 20 percent of his country. A few weeks later, Mr. Grossi, an Argentine with a taste for Italian suits, was in Tehran, this time talking to the country’s foreign minister and the head of its civilian nuclear program. At a moment when senior Iranian officials are hinting that new confrontations with Israel may lead them to build a bomb, the Iranians signaled that they, too, were open to a negotiation — suspecting, just as Mr. Putin did, that Mr. Grossi would soon be reporting details of his conversation to the White House.
Persons: Rafael Grossi, Vladimir V, Putin, Grossi, Mr, Volodymyr Zelensky Organizations: International Atomic Energy Agency, United Nations Locations: Moscow, Russia, Ukraine, Argentine, Tehran, Israel
Related stories"Why is it OK for America to drop two nuclear bombs on Hiroshima and Nagasaki to end their existential threat war?" Welker challenged Graham by saying that military officials attest to weapons technology now being more precise and able to reduce civilian casualties. It's not the first time Graham has referenced Nagasaki and Hiroshima to advocate for the flow of munitions to Tel Aviv. Congress voted through a $15 billion military aid package for Israel in April, which includes about $5 billion to replenish weapons stocks. A representative for Graham did not immediately respond to a request for comment sent outside regular business hours by Business Insider.
Persons: , Sen, Lindsey Graham of, NBC's Kristen Welker, Graham, Joe Biden, Welker, Welker's, It's, Israel, Biden Organizations: Service, Sunday, Business, Pearl, Republicans, Israel Locations: Lindsey Graham of South Carolina, Israel, Gaza, Japan, Germany, Hiroshima, Nagasaki, Rafah, America, Tel Aviv
How do you feel about painted furniture?" Halfpoint Images/Getty ImagesDemand is up for vintage wood furniture — without paintPart of the backlash certainly stems from the current state of the furniture industry, in which it's increasingly difficult to get your hands on brand-new, high-quality furniture. As a result, the secondhand furniture market is booming, with vintage furniture sellers proliferating on places like Instagram and Facebook Marketplace. The flippers said most of the hate comments tend to come from flips of midcentury modern furniture, in particular, a beloved and lasting design aesthetic from around roughly the 1930s to 1970s. Despite all the vocal online haters of painted furniture, there's a reason furniture flippers do it: the pieces sell.
Persons: , Christina Clericuzio, grandma, Clericuzio sanded, Clericuzio, TikTok, Jennifer Beck, flipper, Gen Z, it's, she's, she'd, Beck, It's, Mike Coleman, he's, Coleman, Christina Clericuzio's Organizations: Service, Business, United Furniture, Facebook, The Washington Post, Big, Ikea Locations: Connecticut, Tennessee, Anthropologie, Mesa , Arizona, Chicago
Calling AI profound, Buffet said that the technology is like a "genie" — once it gets let out of the bottle, it could have disastrous effects. It's a question, he said, that has riddled the best economists for a century. Warren Buffett is the first to admit he doesn't know much about artificial intelligence. This rebound has led to questions from corporate executives about factors that could be at play, from AI to return-to-office mandates. "Every company is looking at AI and deciding where it will help them," he said during a recent interview on CNBC's "Money Movers."
Persons: Buffett, Buffet, Warren Buffett, it's, couldn't, John Maynard Keynes, Keynes, Gary Cohn, Cohn, Dev Ittycheria, Elon Musk, Mark Zuckerberg, Sam Altman, Robert Solow, Berkshire Hathaway Organizations: Apple, Berkshire Hathaway, Berkshire, IBM, National Economic, CNBC, Nvidia, McKinsey, Harvard Business Locations: Omaha, Berkshire
You're unlikely to see Berkshire Hathaway chairman Warren Buffett adding artificial intelligence stocks to his vast portfolio anytime soon. One of AI's applications that stuck out to the legendary investor: its potential utility for fraudsters. "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," Buffett said. Buffett would go on to compare the invention of AI to the development of the atomic bomb. Here's what he said.
Persons: Berkshire Hathaway, Warren Buffett, Buffett, it's Organizations: Berkshire Locations: scamming
Putin orders tactical nuclear weapon drills to deter the West
  + stars: | 2024-05-06 | by ( ) www.cnbc.com   time to read: +5 min
Russia's defense ministry said it would hold military drills including practice for the preparation and deployment for use of non-strategic nuclear weapons. "During the exercise, a set of measures will be carried out to practice the issues of preparation and use of non-strategic nuclear weapons," the ministry said. Russia and the United States are by far the world's biggest nuclear powers, holding more than 10,600 of the world's 12,100 nuclear warheads. No power has used nuclear weapons in war since the United States unleashed the first atomic bomb attacks on the Japanese cities of Hiroshima and Nagasaki in 1945. Major nuclear powers routinely check their nuclear weapons but very rarely publicly link such exercises to specific perceived threats in the way that Russia has.
Persons: Vladimir Putin, Alexey Danichev, Natalia Kolesnikova, Joe Biden, Andriy Yusov, Sergei Shoigu, Emmanuel Macron, Volodymyr Zelensky, Ludovic Marin, David Cameron, Dmitry Peskov, Putin, Abrams, Sean Gallup Organizations: Federal Assembly's Council, Reuters, Missile, Southern Military District, Military, Victory Day, Afp, Getty, Russian Federation, Federation of American Scientists, CNN, Ukraine, Kremlin, U.S . Senate, AFP, British, NATO, U.S . Army, British Amphibious Engineer Battalion Locations: Saint Petersburg, Russia, Reuters Russia, Moscow, France, Britain, United States, Ukraine, U.S, China, Hiroshima, Nagasaki, Russian, Paris, London, Soviet Union, Gniew, Poland
CNN —President Vladimir Putin has ordered Russian forces to rehearse deploying tactical nuclear weapons, as part of military drills to respond to what he called “threats” by the West. Since invading Ukraine in 2022, Putin has repeatedly made veiled threats to use tactical nuclear weapons against the West, but Monday marked the first time Russia has publicly announced drills. “During the exercises, a set of measures will be carried out to practice the issues of preparation and use of non-strategic nuclear weapons,” Russia’s defense ministry said. Non-strategic, or “tactical,” nuclear weapons can be used in battlefield situations, carrying less power than strategic nuclear weapons, which have the potential to level entire cities. Putin said Russia would not be the first to test nuclear weapons, but would do so in the event of a US test.
Persons: Vladimir Putin, Putin, Dmitry Peskov, Emmanuel Macron, I’m, ” Macron, Ludovic Marin, David Cameron, ” Cameron, Macron, , Joe Biden, Organizations: CNN, Russia, Economist, Getty, United, Ukraine, Kyiv, State Department, US, military’s, Staff, Southern Military District Locations: Russian, Ukraine, Russia, Western, Europe, AFP, United Kingdom, United States, Moscow, Hiroshima, Nagasaki
A fusion reactor in southern France achieved a significant milestone toward clean, limitless energy. The fusion reactor, WEST, created a super-hot plasma and sustained it for a record-breaking 6 minutes. AdvertisementA fusion reactor in southern France, called WEST, just achieved an important milestone that brings us one step closer to clean, sustainable, nearly limitless energy. Fusion energy is more powerful than any form of energy we have today. Commercial fusion energy is still likely decades away, but Delgado-Aparicio thinks they're making steps toward "this big goal of giving energy to humankind."
Persons: , Luis Delgado, Aparicio, PPPL's, they're, Roux, it's, Delgado, PPPL, Julian Stratenschulte, Tullio Barbui, Novimir Pablant, Delgadot, KSTAR Organizations: WEST, Service, New, Princeton Plasma Physics, NASA Solar Dynamics, CEA, Roux WEST, Getty, Atomic Energy Commission, ITER, Commonwealth Fusion Systems, SPARC Locations: France, Princeton, French
The deal illustrates data centers' new-found interest in nuclear power. Joe Dominguez, the CEO of Constellation, the nation's largest operator of nuclear plants, said in a March earnings call that powering data centers with nuclear energy was "kind of a perfect marriage." AdvertisementVistra, another nuclear owner, also indicated it was arranging data center deals for a nuclear plant it owns in Ohio and one in Texas. Greg Poulos, the executive director of a PJM watchdog group, said that "one of my highest priority, highest radar items" is how data centers could push costs onto consumers and also whether nuclear data centers deals could reduce grid reliability. Beyond the nuclear optionNot all data centers, of course, are seeking out nuclear power to seize their energy independence.
Persons: , Wes Swenson, Swenson, Joe Dominguez, Jim Burke, Ralph La Rossa, La Rossa, Steve Helber, Burke, Dominguez, PJM, Michael Jacobs, Brian Janous, Greg Poulos, Poulos, Biden Organizations: Service, Susquehanna, Amazon, Business, US Energy Information Administration, Nuclear, Constellation, Public Service Enterprise Group, Microsoft, International Energy Agency, Dominion Energy, Talen Energy, Energy, Union of Concerned Locations: Pennsylvania, Salt Lake City, Ohio, Texas, New Jersey, Our, Jersey, Virginia, Chester , Va, Susquehanna, Chicago, New York City
Warren Buffett issued a grave warning about artificial intelligence. The Berkshire Hathaway CEO predicted it would supercharge fraud by making scams far more convincing. The investor likened AI to the atom bomb, saying the world has let the "genie out of the bottle." AdvertisementWarren Buffett has raised the alarm on AI, warning it threatens to supercharge fraud by making scams more convincing than ever. Buffett also likened the advent of AI to the creation of the atom bomb, echoing comments he made at last year's Berkshire meeting.
Persons: Warren Buffett, Berkshire Hathaway, , Scamming, Buffett, we'd Organizations: Berkshire, Service Locations: Berkshire
Opinion | Nuclear Power as a Clean Energy Tool?
  + stars: | 2024-05-03 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “Reviving Nuclear Energy Is a Fantasy,” by Stephanie Cooke (Opinion guest essay, April 24):Meeting the climate crisis and achieving net zero by 2050 without nuclear energy is a fantasy. The reality is that the United States must deploy every tool at its disposal to reach our clean energy goals. Nuclear power has delivered clean energy for over half a century. It also provides nearly half of the United States’ clean energy today. Climate Change Conference and the International Atomic Energy Agency Summit show that world leaders recognize we’ve only begun to see nuclear power’s potential to complement renewable energy sources in the race to net zero.
Persons: Stephanie Cooke, we’ve Organizations: Nuclear, United, International Atomic Energy Agency Locations: United States
Critics highlight the strong chemistry between stars Ryan Gosling and Emily Blunt. But what he's elevated here with "The Fall Guy" is telling the story within a movie-in-a-movie structure. "The Fall Guy" features everything from Phil Collins' "Against All Odds (Take A Look At Me Now)" to Taylor Swift's "All Too Well." AdvertisementEmily Blunt and Ryan Gosling are a perfect tandem, giving the movie a rom-com vibeRyan Gosling and Emily Blunt in "The Fall Guy." "The Fall Guy" definitely has that vibe with its lighthearted tone and thrills.
Persons: Ryan Gosling, Emily Blunt, Guy, , Lee Majors, Colt Seavers, Aaron Taylor, Johnson, David Leitch, Here's, Leitch, Drew Pearce, Chris O'Hara, Eric Laciste, Phil Collins, Taylor, Katie, Gosling, Blunt, Lovia Gyarkye, David Fear, Jonathan Sela, Peter Debruge Organizations: Rotten, Service, Universal Pictures, Universal, Hollywood, Variety Locations: Hollywood
What’s in Our Queue? ‘Atomic Blonde’ and More
  + stars: | 2024-05-01 | by ( Brooks Barnes | ) www.nytimes.com   time to read: 1 min
What’s in Our Queue? ‘Atomic Blonde’ and MoreI report on Hollywood for the Business and Culture desks, which means I spend a lot of time watching new movies and TV shows. To unwind, I prefer old, comfort-food favorites and faded curios with off-kilter characters and a vivid sense of place. Here are five things I’ve watched recently →
Persons: I’ve Organizations: Hollywood, Business
Tayfun Coskun | Anadolu Agency | Getty ImagesThe trilateral defense and security pact between the Australia, U.K., and U.S. — commonly referred to as AUKUS — is not going to trigger a nuclear arms race in the Indo-Pacific region, said the U.S. China responded at that time, warning of the danger of an arms race as well as nuclear proliferation. watch now"It's very important that countries understand that this is not to create a race — to create any kind of arms' races. Nuclear-powered submarines are allowed under the nuclear non-proliferation treaty and Australia is not going to become a nuclear weapons state," she added. China's responseChina reiterated its warning that Western powers in the AUKUS security pact are provoking division and risking nuclear proliferation in the South Pacific in its latest remarks.
Persons: Joe Biden, Rishi Sunak, Anthony Albanese, Tayfun, Bonnie Denise Jenkins, Jenkins, Wang Wenbin, presser Organizations: Naval Base Point, Anadolu Agency, Getty, U.S, for Arms Control, International Security, International Atomic Energy Agency, South Pacific, Pacific Nuclear, Foreign Locations: Australia, United Kingdom, United States, Naval Base Point Loma, San Diego , California, China, South
U.S. crude oil and global benchmark Brent finished out the week about 3% lower, despite the fact that Iran and Israel traded direct strikes against each other's territory for the first time. Fears that oil prices could shoot to $100 a barrel or above did not materialize. The market has essentially erased the risk premium associated with the Iran-Israel tensions after traders bid up prices last week on war fears. "These skirmishes did not impress the oil markets, which believe that no disruption to oil flows will occur." Papic said a sustained war between Israel and Iran is difficult to imagine and may even be practically impossible.
Persons: Ali Mohammadi, Israel, Manish Raj, John Kilduff, Marko Papic, Papic, Brent, Kilduff, CNBC's Organizations: Persian Gulf, Bloomberg, Getty, Brent, Israel's, Israel, Traders, Velandara Energy Partners, Again, International Atomic Energy Agency, Clocktower Locations: Bandar Abbas, Iran, Israel, U.S, Damascus, Syria, Tehran
Israel carried out a limited military strike on Iranian soil on Friday morning. Analysts said the strike was likely a demonstration of Israel's capacity to reach Iranian nuclear sites. Two unnamed Israeli defense officials also told The New York Times that the Israeli military had mounted the attack. Related storyReports said that explosions were heard close to an Iranian military base near Isfahan, with Iranian state media outlet IRNA reporting that air defense systems had been activated. IAEA can confirm that there is no damage to #Iran’s nuclear sites.
Persons: Israel, , IRNA, @rafaelmgrossi, Jonathan Conricus, they've, Richard Goldberg, Ahmad Haqtalab Organizations: Service, Washington Post, Post, New York Times, Nuclear Threat Initiative, International Atomic Energy Agency, IAEA, Israel Defense Forces, White House National Security Council, Iranian Revolutionary Guards Locations: Iran, Israel, Damascus, Iranian, Isfahan, Ifsahan, Jerusalem
Israel and Iran: All-out war, or measured retaliation?
  + stars: | 2024-04-19 | by ( Natasha Turak | ) www.cnbc.com   time to read: +5 min
Atta Kenare | AFP | Getty Imageswatch nowBut a full-blown conventional war would be devastating to both sides and highly destabilizing for the Middle East. Are these tit-for-tat blows between Israel and Iran clear evidence of all-out war, or carefully calibrated retaliation strikes? "With Israel's apparent strikes on Iran today, retaliating for Iran's attack on Israel last Sunday, we now have a direct nation-on-nation hot war," he told CNBC's "Capital Connection" Friday. 'Ball is back in Iran's court'Not everyone agrees that the line into wider war has been crossed, however. Within hours of the Israeli strikes, risk assets were already on their way back down, with international oil benchmark Brent crude turning lower for the session after a brief spike.
Persons: Atta Kenare, Benjamin Netanyahu, Joe Biden, Netanyahu, Ebrahim Raisi, Clay Seigle, CNBC's, Ehud Olmert, CNBC's Dan Murphy, Olmert, Ian Bremmer, Michael Singh, Israel, Rob Casey, Casey Organizations: AFP, Getty, Washington, Rapidan Energy Group, Israeli, Military, Israel, Eurasia Group, National Security Council, Wall Street, Signum Global Advisors, Anadolu, International Atomic Energy Agency, Brent Locations: Palestine Square, Tehran, Israel, Iran, U.S, Damascus, Gulf of Oman, Hormuz, Anadolu
An Israeli strike hit Isfahan in Iran, multiple outlets said, citing unnamed senior US officials. It came after Iran fired drones and missiles at Israel in its first-ever direct attack. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe relatively restrained nature of an apparent Israeli attack on Iran suggests that both sides are seeking to step back from the brink of a regional war, according to experts. Several explosions caused by an Israeli attack were heard in the central province of Isfahan on Friday, unnamed senior US officials told multiple outlets .
Persons: Organizations: Service, International Atomic Energy Agency, Business Locations: Israeli, Isfahan, Iran, Israel
Opinion | The Fantasy of Reviving Nuclear Energy
  + stars: | 2024-04-18 | by ( Stephanie Cooke | ) www.nytimes.com   time to read: +2 min
Thirty-four nations, including the United States and China, agreed “to work to fully unlock the potential of nuclear energy,” including extending the lifetime of existing reactors, building new nuclear power plants and deploying advanced reactors. “Nuclear technology can play an important role in the clean energy transition,” Ursula von der Leyen, the president of the European Commission, told summit attendees. Solar and wind power together began outperforming nuclear power globally in 2021, and that trend continues as nuclear staggers along. At the same time, investment in energy storage technology is rapidly accelerating. In 2023, BloombergNEF reported that investors for the first time put more money into stationary energy storage than they did into nuclear.
Persons: , Ursula von der Leyen, BloombergNEF Organizations: International Atomic Energy Agency, , European Commission Locations: Brussels, Belgian, United States, China
In the middle of the last century, as the United States and Russia rapidly amassed thousands of nuclear weapons, China stayed out of the arms race, focusing its energy on growing its economy and broadening its regional influence. Beijing did build hundreds of nuclear weapons during those years, but the nation’s leaders insisted their modest arsenal was merely for self-defense. Since China’s first nuclear weapons test, in 1964, the country has pledged loudly to never go first in a nuclear conflict — no matter what. Now there is increasing unease in Washington about China’s nuclear ambitions. China’s transformation from a small nuclear power into an exponentially larger one is a historic shift, upending the delicate two-peer balance of the world’s nuclear weapons for the entirety of the atomic age.
Organizations: Pentagon Locations: United States, Russia, China, Beijing, Washington
A view shows the Zaporizhzhia Nuclear Power Plant during the visit of the International Atomic Energy Agency (IAEA) expert mission in the course of Russia-Ukraine conflict outside Enerhodar in the Zaporizhzhia region, Russian-controlled Ukraine, June 15, 2023. Officials at the Russian-controlled Zaporizhzhia nuclear plant in southern Ukraine on Tuesday accused Kyiv of a further drone attack, after an unmanned aerial vehicle allegedly fell onto the roof of its training centre. Kyiv has denied that it is behind a series of strikes on Europe's largest nuclear plant in recent days that prompted the International Atomic Energy Agency to sound the alarm over nuclear safety, and has instead accused Moscow of using the seized facility as a propaganda platform. U.S. State Department Spokesman Matthew Miller on Tuesday called on Russia to end its militarized occupation of the facility and said Moscow is "playing a very dangerous game,"Meanwhile, Russian authorities continue to battle historic flooding in the southern region of Orenburg. More than 300 homes have been flooded and there's an order in place to evacuate more than 100,000 people as water levels in the Ural River continue to rise rapidly.
Persons: Matthew Miller Organizations: International Atomic Energy Agency, . State Locations: Russia, Ukraine, Zaporizhzhia, Russian, Kyiv, Moscow, Orenburg
Teddy bears, meant to represent West Virginia children, appear on the National Mall during an event with the Unbearable Campaign to urge Congress to expand the Child Tax Credit on Wednesday, February 2, 2022. Sen. Thom Tillis, R-N.C., a member of the Finance Committee, said he'd be happy to see the entire tax bill fade away. Saying the bill would "create entitlement spending that would generate significantly higher deficits," he called for spending cuts to fund the child tax credit expansion. He said there's "no question" Senate Republicans are trying to sink the bill to deny President Joe Biden an achievement in an election year. "This tax bill looks like, to me, it's in very serious trouble," he said Tuesday.
Persons: Teddy, Jason Smith, Ron Wyden, Sen, Thom Tillis, he'd, Tillis, Mike Crapo of, Mitch McConnell, Crapo, Chuck Grassley, , Grassley, who's, Richard Neal, Joe Biden, Josh Hawley, Wyden, We're, Donald Trump, that's, Chuck Schumer, he'll, we'll, Schumer Organizations: Republicans, House, Senate, Republican, Democrats, Democratic, Finance, Finance Committee, GOP, NBC, Manhattan Project Locations: West Virginia, Mike Crapo of Idaho, Iowa
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