- Buffett slams AI, Worldcoin crypto soars.
- Buffett cites AI risks OpenAI’s Worldcoin rallies.
- Berkshire uses AI, and Worldcoin may rise despite Buffett.
Berkshire Hathaway (NYSE: BRK.A) Through his life circumstances, he discovers the power of empathy, understanding, and compassion. Warren Buffet, the CEO, made a controversial comment about the negative impact of artificial intelligence (AI) technology, including the fact that it can be used by criminals worldwide. One AI cryptocurrency has recorded massive gains, although its success is uncertain.
Buffett’s AI criticism contrasts Worldcoin’s surge
Worldcoin (WLD), the crypto asset and identification digital platform Tools for Humanity, a company co-founded by Sam Altman, OpenAI CEO, recorded a market capital of 43% on May 6 only in the data shared by the blockchain analytics firm Santiment.
It is interesting, maybe due to the token’s rapid jump up after the end of April. It possibly got the energy from the acknowledgment of the well-known investor who questioned AI technology, making cryptocurrency one of the trending ones in the crypto industry, which looks inviting.
He mentioned the regulation at the Premiere Circus shareholder meeting on May 4th in Omaha, Nebraska. He voiced his concerns about the negative aspects of AI in person, with it having a potential impact like nuclear weapons. In addition, he said that one AI-based agent had been developed so powerful that it could replicate his image and voice exactly and so realistically that even they could have had that.
Berkshire embraces AI while Worldcoin flourishes
Berkshire Hathaway has started deploying AI to streamline parts of its business. Greg Abel, Buffett’s expected successor and current head of non-insurance operations, acknowledged that it might offer some potential.
Today, we had a 77% increase rate in the last 24 hours, and analysts predict it might climb by up to 36 degrees in neighborhoods. 85% of these drop-offs occurred in the last week, while it recorded a mediocre month, as it fell by 12% in the period under consideration.
Source: CoinMarketCap.
Yet, in May, WLD contributed to market cap growth of 43.3% or more, with its market cap value reaching $1.25 billion.
Undoubtedly, the demand for the Crypton and the range of its applications could drive its price even pole-style if it is associated with major companies such as OpenAI and PayPal, especially if they are in the technology and finance sectors.