Baupost's Seth Klarman found a slew of buying opportunities in the first quarter, including a handful of artificial intelligence-linked stocks, according to a new regulatory filing.
The noted hedge fund investor added a sizable stake in web recommendation platform Outbrain last quarter, building a bet worth more than $100 million and making it his ninth largest position.
Klarman also took a small bet in Soundhound AI , a voice AI and speech recognition company.
And just like Buffett, Klarman has increased his exposure to the tech sector in recent years to take advantage of its explosive growth.
In this case, Klarman significantly increased exposure to the group after prices got a lot cheaper.
Persons:
Baupost's Seth Klarman, Klarman, Warren Buffett, Buffett, Klarman hasn't
Organizations:
GDS Holdings, CNBC
Locations:
China