“Autonomous vehicles, widespread, would hurt us if they spread to trucks and they'd hurt our auto insurance business,” Warren Buffett, the chief executive officer of Berkshire Hathaway Inc., said during the company's annual shareholders meeting.

“My personal view is [self-driving vehicles] will certainly come,” Buffett said. “I think they might be a long way off, but that will depend on the experience in the early months of the introduction other than test situations.”

He added, “If [self-driving cars] make the world safer, it's going to be a very good thing. But it won't be a good thing for auto insurers.”