Munger Skeptical of AI Hype, But Berkshire's Bets Set to Cash In As Tech Matures

Charlie Munger says AI is overhyped, but Berkshire Hathaway owns stakes in several AI companies like Apple, Bank of America, and American Express.

AI is making inroads in industries like tech, banking, credit cards, beverages, electric vehicles, cloud computing, and autos.

Companies are using AI for chips, fraud detection, customer service, marketing, autonomous vehicles, data analysis, and more.

Berkshire's stakes in AI leaders like Apple, Amazon, and Snowflake could drive gains as the technology advances.

Munger's skepticism highlights how nascent AI still is, but Berkshire is poised to benefit as companies increasingly adopt it.