Warren Buffett, CEO of Berkshire Hathaway, has cautioned shareholders about the potential risks posed by artificial intelligence (AI) scams. Speaking at the annual meeting, Buffett shared an experience with a fake AI video that could have resulted in him being scammed. He expressed concerns that scammers could exploit AI technology on an unprecedented scale, causing harm that society may struggle to combat. Buffett admitted to not fully understanding the implications of AI but emphasized the importance of addressing the issue. The annual meeting also covered Berkshire Hathaway's financial results, with the company reporting a drop in earnings but highlighting the growth of its operating earnings. Additionally, shareholders were introduced to potential successors for Buffett's role as CEO. Overall, Buffett's warning highlights the need for caution and vigilance in the face of emerging technologies like AI.