Warren Buffett says cryptocurrency attracts charlatans, AI won’t change investing

Warren Buffett says cryptocurrency attracts charlatans, AI won’t change investing

6 years ago
Anonymous $CLwNLde341

https://www.theregister.co.uk/2018/05/07/warren_buffet_charlie_munger_technology_investment_assessment/

Famed investors Warren Buffett and Charlie Munger have strongly criticised cryptocurrencies and machine intelligence at the annual shareholder meeting of Berkshire Hathaway, the holding company they serve as chair and vice-chair respectively.

Asked about AI’s potential to improve capital allocation, Munger said “ I think there is more hype in that field [AI] than there is achievement. I do not think the world will be changed that much by machine intelligence.”