Warren Buffett's admitting that he is capable of boundaries is one of the secrets of his investment success. There's another secret that you may not know.
Before the reveal, let's take a look at the investment of Berkshire Hathaway managed by Warren Buffett, which is now a hot outlet, in the field of artificial intelligence and AI.
Apple
Apple accounts for a sizable percentage of Berkshire Hathaway's portfolio. Warren Buffett favors Apple not only because of its strong brand and huge user base, but also because of Apple's deep investment in AI. From Siri's voice assistant to the application of facial recognition technology to content recommendation algorithms, Apple has incorporated AI technology into its products and services to dramatically improve the user experience. In addition, Apple's focus on generative AI is a sign of the company's future presence in the AI space, and Buffett is clearly positive about this forward-looking investment.
Moody's Corporation
As a company that provides corporate credit ratings and market research, Moody's may look more in line with Buffett's usual investment style in his portfolio. However, Moody's leverages its vast data resources and AI technologies, such as OpenAI and Azure, to build and optimize its data models, which allows the company to analyze and optimize market trends with greater precision. Through the application of AI technology, Moody's not only improves the efficiency and accuracy of data analysis, but also provides higher quality services for participants in the financial market.
Amazon
Although relatively late, Buffett added Amazon to Berkshire Hathaway's portfolio in 2019, a decision that reflects his recognition of Amazon's potential in the AI space. Amazon not only applies AI technology to improve the consumer experience on its e-commerce platform, such as summarizing product reviews through AI, but also vigorously develops AI capabilities in its cloud computing service AWS, providing users with tools and resources to build AI applications. Amazon's close integration of AI technology into its business has fueled the company's continued growth in e-commerce and cloud computing.
snowflake
As a data cloud and analytics company, Snowflake is probably the most forward-thinking AI** in Buffett's portfolio. Berkshire Hathaway has been investing since its IPO inception, which shows that Buffett recognizes the potential of its AI. Snowflake's cloud platform not only efficiently stores and organizes large amounts of data, but also allows customers to easily search for data and integrate it with third-party applications, which is critical for data-driven AI applications. Snowflake also operates a data marketplace that further facilitates the sharing and utilization of data, which makes the company an integral player in the AI era.
What's Warren Buffett's other secret? It's about being open-minded, constantly learning, and believing in the potential of technology. He may not have an understanding of pure technology companies, but he has a unique insight into the potential of technology-enabled businesses that is obvious to him relative to the technology itself.