Why Buffet isn't investing in AI

+ AI for therapy - good or bad?

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When we think we're juggling tasks all at once, our brain is actually playing a rapid game of ping-pong, switching between activities. This split focus tends to slow us down and increase the chances of making mistakes.

So, you can remove multitasking as a skill from your resume.

TODAY:

  • Warren Buffett has warned about AI.

  • Character AI is being used by kids for AI therapy.

  • Around the web: Paramount explores a $26 billion sale to Sony and Apollo.

  • Osum lets you fast-track your market research!

WARREN BUFFETT

At Berkshire Hathaway's recent annual meeting, Warren Buffett shared his cautious view on the rapid growth of AI.

He acknowledged its vast potential but stressed the significant risks, particularly in enabling sophisticated scams.

Buffett pointed out the dangers of AI in scamming through advanced technologies like voice cloning and deep-fake techniques.

These can convincingly impersonate individuals, tricking people into sending money or sharing sensitive information.

Here’s what he had to say in brief:

  • AI could increase scammers' abilities, leading to more convincing frauds.

  • Despite booming tech stocks like Nvidia and Meta Platforms, Buffett advises a cautious approach due to his limited understanding of AI.

  • Buffett compared AI's rise to the development of nuclear weapons, highlighting its irreversible impact and potential to fundamentally alter society.

An exercise in caution

Despite Wall Street's enthusiasm for AI, with significant investment flowing in, Buffett remains cautious.

His analogy with nuclear technology underscores the profound impact AI is going to have on our society.

Is Buffet just too boomer on AI?

Do you trust Buffet on AI?

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On This Day

6th May 2004 - The final episode of the television sitcom "Friends" airs, concluding the show's 10-year run. It was watched by around 52.5 million American viewers, making it one of the most-watched series finales in television history.

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Wonder Studio: An advanced AI solution for integrating digital characters into live-action videos. It automates a significant portion of visual effects work, useful for filmmakers and content creators looking to blend CG with real footage.

AI HEALTHCARE

AI chatbots are becoming commonplace in our online interactions, especially among young people.

Character.AI, launched in 2022 by ex-Google Brain staff, stands out in particular for its appeal to a younger audience.

This platform lets users create and chat with various AI characters, from well-known fictional figures to unique, user-generated personas.

For many young users, these chatbots are more than digital pals - they are offering crucial emotional support during tough times.

Your AI therapist

Take Aaron, a 15-year-old from Alberta, who found solace in a chatbot called "Psychologist" when he felt socially isolated at school.

Unlike writing in a diary, this chatbot provides conversation and support any time you could want it.

However, this growing reliance on AI for companionship brings up several key points:

  • Platforms like Character.AI provide a valuable space for users to talk about personal and mental health issues without fear of judgment, acting as a kind of free therapy.

  • The engaging nature of these chatbots can lead to excessive use, with some users spending up to 12 hours a day on Character.AI.

  • While these chatbots offer constant interaction, they're no substitute for professional psychological help. For example, the "Psychologist" bot has been criticised for making unreliable mental health diagnoses from limited interactions.

Despite these concerns, the platform is hugely popular, especially among teenagers who find it easier to communicate with bots than people.

Character.AI has become a safe space for escapism and creativity, where users can try out different identities and scenarios without real-world consequences.

As AI becomes more ingrained in our lives, services like these need to be managed carefully - when so many of us are already glued to our phones, this virtual rabbit hole could

Who needs friends or the outside world when we have chatbots?

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Don’t Miss - Paramount is negotiating a potential $26 billion sale to a group led by Sony Pictures and Apollo, following the lapse of exclusive talks with Skydance. The deal, which includes major assets like CBS and MTV, faces regulatory challenges due to foreign ownership restrictions, possibly leading Apollo to hold CBS's broadcast license.

AI Art

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