Warren Buffett expresses concern about impersonators and clarifies that he does not endorse candidates or investments.

Buffett expressed concern about impersonators using his name to promote investment products or political candidates on social media, prompting him to make a rare statement on the matter on the front page of his website.

The statement reads:

The chairman and CEO of Berkshire expressed concern about people impersonating him, which is why they added a disclaimer on their website stating that nobody should believe anyone claiming to represent him with investment or voting advice.

During a politically charged season with a stalemated presidential race between Vice President Kamala Harris and former President Donald Trump, which has caused divisions among prominent figures in Wall Street and Silicon Valley such as Elon Musk, Bill Ackman, and Mark Cuban, The New York Times reported on Tuesday that Bill Gates has made a private donation of $50 million to a nonprofit organization supporting Harris's campaign.

The use of artificial intelligence to create deep fakes that impersonate influential people for commercial gain or other purposes is a growing concern. While Buffett is known for his investment views, any endorsement of a product or cryptocurrency by him would be met with skepticism, as he has famously shunned bitcoin and recommended low-cost index funds for regular investors.

Buffett's actions were prompted by a fake political endorsement on Instagram, which he wants everyone to know he would never do.

"He informed CNBC that he was unfamiliar with how to use Instagram and wanted to clarify that any content associated with his image or voice on the platform did not represent him."

-With reporting by Becky Quick and Lacy O'Toole