At Berkshire Hathaway annual meeting on Saturday, Warren Buffett compared AI with atom bomb creation. “We did invent for very, very good reason, the atom bomb. And, World War II, it was enormously important that we did so. But is it good for the next 200 years of the world that the ability to do so has been unleashed?” Buffett said. Know what else Warren Buffett talked about in the meeting.
US banking crisis looks far from over. Los Angeles-based bank holding company PacWest Bancorp is reportedly exploring strategic options, including a sale or capital raising, fuelling concerns about a possible collapse.