Buffett Bets Big on Apple and Amazon to Lead the AI Revolution
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Warren Buffett has 47.2% of Berkshire Hathaway's $358 billion stock portfolio invested in Apple, signaling a big bet on AI.
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Buffett also owns shares of Amazon, which is poised to benefit from AI through its cloud computing platform AWS.
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Snowflake's data platform helps organizations analyze large datasets to build AI models, and Berkshire owns a small stake.
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Apple has advantages in AI given its large consumer base and ecosystem as well as trove of user data.
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Amazon's ecommerce business could see higher margins from increased warehouse automation and self-driving delivery vehicles enabled by AI.