AI won’t be able to tell us which stocks to buy or sell, says Ajit Jain

Summary

In a Q&A at the 2026 Berkshire Hathaway annual meeting, Ajit Jain expresses skepticism that AI can replace human judgment for critical decisions like stock selection and insurance pricing. He views AI as a useful productivity tool for routine tasks but not a game-changer for complex risk assessment. Greg Abel adds that AI can expand underwriters' risk analysis scope.

• Ajit Jain addresses a question about AI and human judgment at Berkshire Hathaway.
• He states AI will not be able to tell which stocks to buy or sell.
• AI is currently used as a productivity tool to reduce labor costs and handle repetitive tasks.
• Jain doubts AI can handle trade-offs in pricing and claims settlement.
• Greg Abel notes AI allows underwriters to assess more risks quickly.
• Both speakers emphasize human judgment remains a competitive advantage.
• No specific investment ideas or tradeable expressions are mentioned.