On the afternoon of May 4, local time, the 9th Buffett Shareholders' Meeting hosted by Sina Finance and the Chinese and American Investors Reception was held at the Downtown Omaha Marriott Hotel. The reception was the largest and most influential investor exchange event during Buffett's shareholders' meeting. Investment elites, heads of Chinese public and private equity funds and brokerage firms, and executives of listed companies attended the conference and began a high-quality conversation.
Mr. Chen Xi, a tenured professor named by Andre Meyer at New York University in the United States, attended the conference and delivered a speech entitled “Application of Artificial Intelligence in Quantitative Investment”. He believes that Buffett's statement that he doesn't understand AI is just a humble statement; it's not that Ba Lao doesn't understand, but that he definitely wants to earn money within his field of cognition.
The following is a transcript of some of Chen Xi's remarks:
I want to tell you that at Buffett's live meeting this morning, I was deeply moved. Of course, Ba Lao was humble. Some people asked Ba Lao's question, probably the fourth question. Some people asked Ba Lao what he thought about generative AI, because this was my own field, and I was very excited at the time. I wanted to hear what Ba Lao said at the time. Of course, Ba Lao is very humble. He said he doesn't understand generative AI, and he wants this elf to do something beneficial to humans rather than harmful things. How could Ba Lao not understand? The people he communicates with every day are Bill Gates and Tim Cook, all of whom are front-line AI people. Moreover, everyone knows that Microsoft is at the forefront of generative AI. Of course, Tim also said that Apple's next-generation smartphone, the mobile phone industry's large-scale use of AI is obviously also an advantage below. I mean, it's not that Ba Lao doesn't understand; it's that he definitely wants to earn money on things within his field of knowledge. It's impossible to earn every penny in the world, but he must earn things within his own field. This is very important.
Ba Lao gave us a very important concept. His thoughts on generative artificial intelligence today. Although I haven't heard his new views on artificial intelligence, his humble attitude and careful way of investing taught us that people really must earn money within their perceptions, and you can only earn money within your own perception.