Subject: Munger on AI Hype
AI is getting 'more hype than it deserves,' Warren Buffett's right-hand man Charlie Munger says

"During an appearance at Zoom's Zoomtopia conference on Thursday, Munger was asked for his opinion on AI, which many investors see as the next big thing.

'I think it's getting a huge amount of hype,' Munger said. 'And I think it's probably getting more than it deserves.'

He noted that artificial intelligence has actually existed for quite some time'its roots can be traced back to the 1950s.

'We've always had artificial intelligence, where software creates more software,' he said. 'And, of course, that's very useful, [but] we've had it for a long time.'

Asked about Crypto...'Don't get me started on bitcoins'that was the stupidest investment I ever saw,' he told the audience on Thursday. 'Most of those investments are going to zero.'

https://fortune.com/2023/10/06...

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