2 No-Brainer Artificial Intelligence (AI) Stocks Owned by Warren Buffett Right Now
Warren Buffett isn't known for his tech investing. But right now, two of his largest positions are benefiting big from rising demand for artificial intelligence (AI) services. Most people don't think of these companies as AI businesses, but when you dig deeper, few companies stand to benefit as much from the AI revolution as these two Buffett stocks.Few companies are as directly exposed to rising demand for AI than Amazon (NASDAQ: AMZN). To understand why this is, zoom out and look at how the AI industry functions.It is very unlikely that the current AI revolution would be taking place if not for the massive amount of distributed cloud infrastructure built worldwide over the last decade. That's because developing, training, and then executing AI services typically requires a huge amount of compute power. Without cloud infrastructure, each AI business would need to build its own infrastructure, adding considerable expense. This would mean that only the largest companies could afford to develop AI solutions, greatly limiting innovation.Continue reading
Warren Buffett isn't known for his tech investing. But right now, two of his largest positions are benefiting big from rising demand for artificial intelligence (AI) services. Most people don't think of these companies as AI businesses, but when you dig deeper, few companies stand to benefit as much from the AI revolution as these two Buffett stocks.
Few companies are as directly exposed to rising demand for AI than Amazon (NASDAQ: AMZN). To understand why this is, zoom out and look at how the AI industry functions.
It is very unlikely that the current AI revolution would be taking place if not for the massive amount of distributed cloud infrastructure built worldwide over the last decade. That's because developing, training, and then executing AI services typically requires a huge amount of compute power. Without cloud infrastructure, each AI business would need to build its own infrastructure, adding considerable expense. This would mean that only the largest companies could afford to develop AI solutions, greatly limiting innovation.
