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Profits jump at Buffett's company ahead of annual meeting

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Warren Buffett's company said its first-quarter profits soared along with the paper value of its investment portfolio. That gave shareholders listening to Buffett answering questions at Berkshire Hathaway's annual meeting good news to start the day.

Shareholders arrive outside CHI Health Center Omaha for the Berkshire Hathaway annual meeting on Saturday, May 6, 2023, in Omaha, Neb. Shareholders arrive outside CHI Health Center Omaha for the Berkshire Hathaway annual meeting on Saturday, May 6, 2023, in Omaha, Neb.

OMAHA, Neb. — Billionaire Warren Buffett said artificial intelligence may change the world in all sorts of ways, but new technology won’t take away opportunities for investors, and he’s confident America will continue to prosper over time.

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