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Fortune
Fortune
Chloe Taylor

AI is getting ‘more hype than it deserves,’ Warren Buffett’s right-hand man says

Charlie Munger, vice chairman of Berkshire Hathaway Inc., speaks to members of the media during a shareholders shopping day ahead of the Berkshire Hathaway annual meeting in Omaha, Nebraska, U.S., on Friday, May 3, 2019. (Credit: Houston Cofield—Bloomberg/Getty Images)

Artificial intelligence is Wall Street’s latest bandwagon with billions of dollars being poured into the sector this year. However, there’s one big-name investor who isn’t fully on board with the gold rush: Charlie Munger.

Ninety-nine-year-old Munger is vice chairman of Berkshire Hathaway—the investment conglomerate controlled by Warren Buffett. He has spent almost five decades as Buffett’s right-hand man, helping grow the firm into one of the world’s biggest companies.

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