Berkshire Hathaway CEO Abel: Company Won't Fully Bet on AI Unless It Creates Real Value

Greg Abel, who took over as CEO of Berkshire Hathaway from Warren Buffett earlier this year, clearly stated at the Omaha shareholders' meeting that the company would not follow AI trends rashly due to external hype. He emphasized: "We won't do AI for AI's sake; AI must bring incremental value to our business." Berkshire's subsidiaries will use AI cautiously, focusing on value-creating areas.

This stance contrasts with tech executives from Tesla, OpenAI, Meta, etc., who have committed hundreds of billions of dollars to compete for AI leadership. The investment community is deeply divided on the AI boom: some investors believe AI has brought measurable productivity gains and driven corporate profit growth; others warn that AI is forming a historic bubble whose burst could cause severe impacts.