Warren Buffett has raised the alarm on AI, warning it threatens to supercharge fraud by making scams more convincing than ever.

Warren Buffett said he thinks there's a great potential for scams using AI, calling it the "growth industry for all time," and comparing it, again, to nuclear weapons.

Berkshire Hathaway held its annual meeting on Saturday with Chairman and CEO Warren Buffett tackling a range of topics, including artificial intelligence, who will be responsible for the portfolio in the future,

Warren Buffett cautioned the tens of thousands of shareholders who packed an arena for his annual meeting that artificial intelligence scams could become "the growth industry of all time." Doubling down on his cautionary words from last year,

While it's not the first time Buffett has weighed in on AI risks, it comes at a time when AI is already creating vast amounts of paper wealth, and stoking expectations about how the technology will upend everyday life.

Artificial intelligence has both “enormous potential for good and enormous potential for harm,” the investing guru said during Berkshire’s annual meeting.

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