Wall Street is hyping AI. This fund manager is betting instead on fires, HVAC and Berkshire Hathaway.
The co-portfolio manager at Heartland Advisors urges investors to shut out Wall Street’s hype on AI and look for companies that can use its technology as costs come down.
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- Survey: only 11% of ~400 businesses could forecast AI spending; a study finds lower-priced models cost more than higher-priced models on 32% of 6,800+ tasks (Wall Street Journal) wsj.com
- Wall Street is hyping AI. This fund manager is betting instead on fires, HVAC and Berkshire Hathaway. marketwatch.com
