Billionaire Warren Buffett has made it known that he will not endorse Kamala Harris or any other candidate this cycle; otherwise, you will respond to “fraudulent claims.”
His company, Berkshire Hathaway, revealed its stance in a brief statement Wednesday intended to counter false statements about its stance. The 94-year-old investment guru, who is the chairman and CEO, also revealed that he fears artificial intelligence technology will be used to manipulate his personality.
“In light of the increasing use of social media, there have been numerous fraudulent claims related to Mr. Buffett’s endorsement of investment products, as well as his endorsement and support of political candidates,” the company reads. statement.
‘Mister. “Buffett does not currently or will not in the future endorse investment products nor will he endorse or support political candidates,” he said.
The statement did not specify details of any specific manipulation by Buffett, whose holdings include major companies Apple, Bank of America, American Express and Coca-Cola.
That contrasts sharply with 2016, when he endorsed Hillary Clinton over Trump, as well as his endorsement of Barack Obama during his 2008 and 2016 campaigns.
Warren Buffett, chairman and CEO of Berkshire Hathaway, will not give presidential endorsement, his company said
Buffett shared some of his concerns about AI with the Wall Street Journal.
“It can be made perfectly now and distributed instantly,” Buffett told the newspaper. “They could do it in a way that would convince my family.”
He was coy about why he decided to stop endorsing. “I’ll probably address that issue at the next annual meeting.”
Worth an estimated $140 billion, the ‘Sage of Omaha’ is closely followed for his pronouncements on business and market trends.
Donald Trump, himself a billionaire, has been receiving valuable support from Elon Musk.
Vice President Kamala Harris has gained quiet support from some billionaires
His decision comes amid an effort to uncover other powerful CEOs who have kept a low profile.
The New York Times reported that Microsoft chief Bill Gates had donated $50 million to boost Harris.
and so? reported JP Morgan Chase CEO Jamie Dimon has made it clear privately that he supports Harris, after making public comments that left open the possibility of him endorsing Trump.
Billionaire Mark Cuban did a recent event for Harris. And Tesla and SpaceX chief Elon Musk has taken support to a new level, donating at least $75 million to support Trump and offering a $1 million prize to petition signers in the effort to voter registration that recently attracted scrutiny from federal regulators.
Musk has also been personally campaigning for Trump while talking about him on his X platform, and jumped on stage with him at a rally in Butler, Pennsylvania.