Charlie Munger, the billionaire vice chairman of Berkshire Hathaway, dismissed artificial intelligence (AI) as excessive hype while doubling down on his criticism of Bitcoin (BTC).

The AI buzz and Munger’s take

AI is rapidly gaining traction across various sectors of the global economy just like blockchain, with platforms like Binance already incorporating the burgeoning technology into varies processes. However, Munger — a close friend and advisor to Warren Buffett — isn’t quite sold on the trend.

During Zoom’s recent Zoomtopia conference, which took place from Oct. 3-4, Munger aired his doubts.

“I believe it’s receiving an excessive amount of attention, and it’s likely receiving more attention than it merits,” Munger said, according to Fortune.

Munger acknowledges the importance of AI breakthroughs but remains unconvinced about its “exaggerated” potential. And his doubts about AI are not new. The 99-year-old billionaire previously voiced his skepticism at Berkshire Hathaway’s shareholder meeting, stating that old-fashioned intelligence works well and cautioning against the unrealistic expectations surrounding AI.

While some predict that AI could lead to a utopian future with extended lifespans and the eradication of diseases, Munger dismisses such notions as “crazy hype” and sees AI as a mixed blessing.

Warren Buffett shares some of Munger’s skepticism, acknowledging AI’s technological advancement but admitting that he doesn’t fully understand it. He has raised concerns about AI’s societal impact.

Munger bashes Bitcoin (BTC)

Turning to cryptocurrencies, Munger doesn’t mince words. When asked about Bitcoin and other digital a

Go to Source to See Full Article
Author: Ogwu Osaemezu Emmanuel

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details