Foreign. There's actually a question that sort of moves where the economy may go and it's a question around technology. Uh, which is I I know a space you don't always want to go to but I also know your one of your best friends is Bill Gates So I'm curious if you guys talk about it. we keep talking about Chachi PT and potentially how that could transform AI how that could transform our economy in the future.

And obviously there's also lots of questions about whether AI is is dangerous and we have the right policy set around it. and I I was curious if you've given much thought to any of it. Well, I I think it's something I don't understand at all. but Bill didn't come by about I don't know four or five months ago and he said you know I'm going to show you the the latest thing what can be done and then they you know I I actually said take the song my way and write it in Spanish and you know and and uh uh have an encompassed my views on what's funny and or what's likely to happen in the economy and two seconds later you know it comes out, it comes out that rhymes and does all these wonderful things and and uh but he told me he said he said he can't tell jokes which I thought was very interesting.

It just doesn't know how to tell jokes but it can tell you it's read every book, every legal opinion I mean the amount of time it could save you if you were doing all kinds of things is unbelievable. But but I said the bills I I said just let me know Uh, but I can ask it. you know, how are you going to, how are you going to ruin the human race and uh and uh and then let me know someone unplug it or whatever I have to do at that point. and of course I'll be programmed so that nobody thinks they should unplug it or something I think so I don't really understand it I think it's an incredible technological advance in terms of showing what we can do.

but I don't know whether we know what what happens and I was listening uh, feels like he's hating on AI what was it the other day that was knows a lot about technology. who knew more and just wanted more jokes? It scares me in terms of the possibilities of I mean we we've done amazing things like we figured out how to create an atom bomb back in 1945 I Don't know what an animal? Where are we going with this one? Reel it in brother, Change the world. So I I don't want to change the world so many times without knowing having some idea of the consequences of it And this hap. I think this is extraordinary but I don't know whether it's beneficial was it Steve Wozniak pardon me, Was it City it was.

Uh, Eric was saying. you know we don't know where this takes us and maybe we ought to pause it for a while. Well I don't know what a hundred to one percent about physics or anything else that that that Eric knows. but I come to the same conclusion.

okay I was thinking about this with you with you Warren and I know your views about Bitcoin and I don't know. Here we go, it's come back up to close to thirty thousand dollars again. you know when you go back to uh, the Tulip Mania tulip Mania went from 34 to 1637 only lasted three years and here we have. If you're right, they're coming back so we can don't act like it's still lasted something along the lines of 15 years and so I'm I've been trying to understand if in fact, you're right and this is, um, not just rat poison squared but it's not is not a thing called it.

Yeah, that's predicting when speculation will end or you know when the gambling Instinct will go away and one never more people want to get out than are getting in and I have no way of if I thought I was good at that I'd be on a way to make a lot of money and different things. all I'm trying to do is buy good businesses but I the one thing I know is I you know I didn't like chain letters when I was a kid I thought why in the world should I send along a channel under the next thing when I could start my own I mean I've seen people do stupid things all my life and and I I and I really I empathize with that I mean people like to play the lottery. They're going to get 60 cents back on the dollar or whatever the number may be and and States essentially the numbers rocket was something that you avoided and that then the government decided it was a source of Revenue and it's It's very hard to tell people that that if they're going to put a tax on essentially uh, uh, a sure loser for Society for the for the gamblers on the lottery on the whole, but they they're they're appealing to the gambling Instinct and and uh, you know it spreads I mean people love the idea they're going to make more money tomorrow and it really drives them crazy. If their next door neighbor is making a lot of money not knowing what they're doing and they're just sitting there and their spouse is saying, you know, why is that guy getting a second car and why? Why are we missing this whole thing And the gambling instinct is so strong and and I feel like he's personally talking to us and sitting home and finding out that they could have a roulette wheel in their house and they had all the appeals that are used to get people to go to.

Las Vegas and you can do it in your home and add money. And and we've had an explosion of of of gambling essentially. and and and and you know I like to bet on a football game if I'm sitting in watching it makes it more interesting. but I I don't think I want to make a living trying to bet against the house ever I want to If I were to get into gambling I would want to own the roulette wheel or not be a roulette player.

But but uh, we haven't done that. but but people all the time. Well actually on my on my honeymoon in in, uh, my first marriage you know we're talking when I was 21 and we went through Las Vegas population and about 20 000 a bunch of fellows from Omaha uh and other places that I bought the flamingo after Bugsy signal met his maker sooner than he expected and uh and they welcomed me in because they all knew my uncle Fred and I looked at all these the old Uncle friends won thousands of miles to do something that unintelligent as fast as they could I mean they just they couldn't You know they thought the dice were hot or something like that and I thought you know I'm going to get rich in this country I mean if if that's what people do, I I can be smarter than that I mean so I've watched it ever since and it's fascinating to me. but the gambling urge is so strong throughout the world and now you've created the perfect condition for it.

Where states are legalizing gambling and you know what a dust of the football games I mean particularly but just you're just point shaving you know which? Uh, you know the guy gets offered a million bucks and it's like you know the the White Sox worked back in 1920s. Wait is he insinuating that all sports are now fixed because again, throwing the game I mean you're just. You're just making sure that the spread is met. It's I Don't know.

You're not going to change the gambling Instinct but when the state has started sponsoring it, it's given a it's given a different uh, there's a different climate than before. Well, there you have it for Mr Warren Buffett his take away from his opinions on AI and as always, he's gonna besmirch the name of Bitcoin basically calling it valueless.