Buffett: I won't invest everything around AI

PANews reported on May 3 that according to Jinshi, Buffett said at the shareholders' meeting that he would not invest everything around AI. He also pointed out that if he had the choice, he would invest in the reinsurance industry. Regarding AI products, Ajit Jain, director of insurance business at Berkshire, should be made the choice. Ajit Jain said AI will become a real disruptor in the insurance and risk pricing sectors. However, Berkshire will adopt a "waiting and watching" attitude in AI applications in the insurance field and has not invested a lot of energy or funds to seize this opportunity. Jaen also pointed out that many people "end up spending huge amounts of money to chase the next fashion trend" in artificial intelligence, and Berkshire is not good at being a pioneer in the next popular thing.