As a longtime value investor, Warren Buffett doesn’t usually spend a lot of time talking about growth stocks, and he has never claimed to be an expert on technology. However, at Berkshire Hathaway’s annual meeting this past weekend, he dubbed scams driven by artificial intelligence as “the growth industry of all time.” Of course, that wasn’t the only remark Buffett made about AI, as the topic was broached repeatedly by attendees asking questions at the general meeting. In short, it seems the overarching theme of his commentary on AI is that it scares him in multiple ways. Buffett compares AI…
Warren Buffett on Why AI-Related Scamming will be “the Growth Industry of All Time”
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.
