Warren Buffett at the shareholders' meeting affirmed that he would not invest fully in artificial intelligence (AI). He expressed a preference for the reinsurance sector. Buffett emphasized that the decision regarding AI products lies with Ajit Jain, the head of insurance at Berkshire.
Ajit Jain stated that AI will become a powerful game changer in the field of insurance and risk assessment. However, Berkshire currently maintains a "wait and see" attitude and has not made significant investments in this opportunity. Jain warns that many people in the AI industry spend millions of dollars chasing trends without achieving high effectiveness.
Berkshire does not excel in being a pioneer in new trends, but chooses a cautious approach, carefully considering before taking action.
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Buffett rejects AI: Safe cryptocurrency investment
Warren Buffett at the shareholders' meeting affirmed that he would not invest fully in artificial intelligence (AI). He expressed a preference for the reinsurance sector. Buffett emphasized that the decision regarding AI products lies with Ajit Jain, the head of insurance at Berkshire.
Ajit Jain stated that AI will become a powerful game changer in the field of insurance and risk assessment. However, Berkshire currently maintains a "wait and see" attitude and has not made significant investments in this opportunity. Jain warns that many people in the AI industry spend millions of dollars chasing trends without achieving high effectiveness.
Berkshire does not excel in being a pioneer in new trends, but chooses a cautious approach, carefully considering before taking action.
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!