As the Oracle of Omaha turns 95 this month, he remains characteristically wary of the technology that has transformed investing.
At last year's Berkshire Hathaway annual meeting, Buffett compared AI to nuclear weapons, saying it "scares the hell out of me." Yet that hasn't stopped him from investing heavily in companies like Apple and Amazon, which are dumping money into developing powerful AI systems that many worry (or hope) can replace human workers.
That includes replacing Buffett himself. The Intelligent Livermore ETF, which launched this fall, uses ChatGPT, Gemini, and Claude as its "investment committee," training the large language models on decades of legendary investors' writings and asking them to pick stocks in their style.
The fund's prospectus promises to harness the strategies of the investment world's most illustrious minds, turning Warren Buffett's folksy shareholder letters into algorithmic investment decisions.
Read more | QUARTZ