"Timeless Buffett: Why Apple's artificial intelligence stirred emotions in his portfolio and how you can profit from it"
But Warren Buffett, known for his cautious approach to investing, is not rejecting new trends. He even notices and recognises the key role that innovation plays, including in the field of artificial intelligence (AI). Despite his reserved attitude towards new developments, he has companies in his portfolio focused on the development and distribution of AI.
Among the companies in Berkshire Hathaway's portfolio that are dedicated to AI, one stands out - Apple $AAPL. And there's a reason why this tech giant is particularly attractive to Buffett.
Buffett sometimes presents Apple as a consumer goods company, but the importance he places on artificial intelligence should not be overlooked. During a recent earnings call, CEO Tim Cook said the company is investing heavily in generative artificial intelligence. Nearly $1 billion a year is going into developing its own large-scale language model and testing a ChatGPT-style chatbot.
Innovation in chip design and its role in AI Apple is not only…