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☆ Warren Buffett compares AI to nuclear weapons in stark warning
▼ + stars: | 2024-05-06 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +5 min

At his annual shareholder meeting in Omaha, Nebraska, the 93 year-old co-founder, chairman and CEO of Berkshire Hathaway issued a stark warning about the potential dangers of the technology. “We let a genie out of the bottle when we developed nuclear weapons,” he said Saturday. JPMorgan Chase, the world’s largest bank by market capitalization, is also exploring the potential of generative AI within its own ecosystem, Dimon said. Dozens of AI industry leaders, academics and even some celebrities have signed a statement warning of an “extinction” risk from AI. “Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,” the statement said.

Persons: New York CNN — Warren Buffett, Berkshire Hathaway, ”, Greg Abel, Buffett, “, Abel, isn’t, Buffett Buffett, JPMorgan Chase, Jamie Dimon, Dimon, Jeffrey Sonnenfeld, Sonnenfeld, Doug McMillion, James Quincy, Sam Altman, Geoffrey Hinton Organizations: New, New York CNN, Berkshire, International Monetary Fund, Industries, Nvidia, Microsoft, scamming, JPMorgan, JPMorgan Chase, Software, Yale, Summit, CNN, Walmart, Xerox, Google Locations: New York, Omaha , Nebraska, Omaha, scamming

☆ The AI act: Europe is leading the race to regulate artificial intelligence. Here's what you need to know
▼ + stars: | 2023-06-15 | by ( Hanna Ziady | ) edition.cnn.com time to read: +6 min

“We have made history today,” Brando Benifei, a member of the European Parliament working on the EU AI Act, told journalists. Detailed summaries of the copyrighted data used to train these AI systems would also have to be published. AI systems with minimal or no risk, such as spam filters, fall largely outside of the rules. Fines under the AI Act serve as a “war cry from the legislators to say, ‘take this seriously’,” Muldoon said. The Act also requires EU member states to establish at least one regulatory “sandbox” to test AI systems before they are deployed.

Persons: ” Brando Benifei, ” Benifei, Brad Smith, Sam Altman —, Doug McMillion, James Quincy —, Racheal Muldoon, Maitland Chambers, Meta, ” Muldoon, Dragoș, ”, Muldoon Organizations: London CNN, European Union, EU, Lawmakers, of, Big Tech, Microsoft, Yale, Summit, Walmart, ” Systems, Facebook, Twitter, General Data, Office, AI, Companies, Google, IBM Locations: Brussels, EU, Europe, China, London

☆ 42% of CEOs say AI could destroy humanity in five to ten years
▼ + stars: | 2023-06-14 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN Business —Many top business leaders are seriously worried that artificial intelligence could pose an existential threat to humanity in the not-too-distant future. Forty-two percent of CEOs surveyed at the Yale CEO Summit this week say AI has the potential to destroy humanity five to ten years from now, according to survey results shared exclusively with CNN. The business leaders displayed a sharp divide over just how dangerous AI is to civilization. While 34% of CEOs said AI could potentially destroy humanity in ten years and 8% said that could happen in five years, 58% said that could never happen and they are “not worried.”In a separate question, Yale found that 42% of the CEOs surveyed say the potential catastrophe of AI is overstated, while 58% say it is not overstated. The CEOs indicated AI will have the most transformative impact in three key industries: healthcare (48%), professional services/IT (35%) and media/digital (11%).

Persons: “, ”, Jeffrey Sonnenfeld, Sonnenfeld, Doug McMillion, James Quincy, Yale, Sam Altman, Geoffrey Hinton, Hinton, “ I’m, ” Hinton, Jake Tapper, Robert Oppenheimer, ” Sonnenfeld Organizations: New York CNN Business, Yale, Summit, CNN, Sonnenfeld’s, Leadership Institute, Walmart, Xerox, Google, Microsoft

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