The A.I. Industrys New Worry: Liability Exposure

ImageAndrew here.Breaking: It’s the end of an era as Warren Buffett steps down as chairman of Berkshire Hathaway.

Buffett, the legendary investor who turned 96 last month, will remain on the board as chairman emeritus.“Father Time always wins,” Buffett wrote in a letter to shareholders on Friday.

Under Berkshire’s long-established succession plan, his son Howard Buffett will become chairman to preserve the company’s culture.Greg Abel took over as C.E.O.

from Buffett on Jan.1.

The immediate question is whether Berkshire’s conservative business strategy will shift, even slightly.Buffett has praised Abel’s leadership.

But with a balance sheet holding over $300 billion largely in cash and Treasuries, Berkshire is essentially hedging against buoyant stocks, waiting for its next major opportunity — which will most likely be a market fall.ImageA.I.’s risk factor for investorsThroughout the debate about artificial intelligence safety that has gripped Silicon Valley and beyond, the industry’s leading figures have been remarkably forthcoming about the harms their creations could unleash.But that candor raises a thorny question: What kind of legal liability might an A.I.

lab like OpenAI or Anthropic face if its products were to run amok and cause great harm? Investors in either’s I.P.O.would need to weigh whether to buy into companies with potentially unprecedented risk profiles, Niko Gallogly reports.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access.

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