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Charlie Munger: Investing in AI


Transcript

You made some comments a few months ago that you're not quite sure what to think about that IBM investment. Well, I'm not sure how it's going to come out, but of course I like the fact they're doing it. And any kind of artificial intelligence is very much in the bulk.

It may well work. It's just I have no way of predicting. I don't think we're paying much for the opportunity. The opportunity to be in shares of IBM? I think that there's not much optimism baked into the current price of the shares. What is it that you like about the artificial intelligence there?

Well, I like the idea of using artificial intelligence because we're so short of the real thing. 1 2