At Berkshire Hathaway's 2024 annual meeting in Omaha, attended by around 18,000 people, CEO Warren Buffett highlighted the company's record operating profits of $11.2 billion, marking a 39% increase. Despite trimming its stake in Apple, Buffett praised the tech giant's business superiority, with Apple CEO Tim Cook present. Berkshire holds over $182 billion in cash. Buffett expressed concerns about AI's potential risks, particularly in the realm of scamming, foreseeing it as a booming industry in the future.
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