Investor David B. McMillan argues that the market is overly optimistic about the arrival of artificial general intelligence (AGI) and underestimates companies that improve productivity by adopting existing AI tools. He believes true AGI is unattainable with current computing technology and that progress in large language models (LLMs) will plateau, reducing returns on AI infrastructure investments. McMillan sees strong buying opportunities in companies like Berkshire Hathaway and UnitedHealth, which can leverage AI for efficiency, while warning that firms relying on continuous AI breakthroughs face significant risks if the AI hype bubble bursts.
Larry Page's fortune surpassed $300 billion following a 3.9% rise in Alphabet shares, boosted by Warren Buffett's acknowledgment of Berkshire Hathaway's significant investment in the company. Berkshire Hathaway initially invested $4.3 billion in Alph...
Warren Buffett has decided to stop directing his annual Berkshire Hathaway donations to the Gates Foundation, citing Bill Gates' association with Jeffrey Epstein as "distasteful." Instead, Buffett is now giving his donations to four family-linked fou...
Warren Buffett is accelerating his donations of Berkshire Hathaway shares to four family foundations, aiming to give away all his shares within about eight years. He recently donated nearly $6 billion in shares, excluding the Gates Foundation, which ...
Warren Buffett, 95, is donating 9 million Berkshire Hathaway Class B shares to four family-linked foundations, excluding the Gates Foundation, which had been a major recipient for years. This shift follows concerns about the Gates Foundation's ties t...
In 2026, Berkshire Hathaway's B shares are down 1.8% year-to-date, trailing the S&P 500's 10.7% gain. A strong June helped reduce Berkshire's deficit but it still underperformed in Q2, gaining just over 3% versus the S&P's 16% tech-driven rise. Berks...
