Baupost's Seth Klarman found a number of buying opportunities in the first quarter, including a handful of artificial intelligence stocks, according to a new regulatory filing. The prominent hedge fund investor added a large stake in web recommendation platform Outbrain last quarter, building a bet worth more than $100 million and making it the company's ninth-largest position. Outbrain uses his AI predictions to create his web services for both advertisers and media owners. Klarman also made a small bet on Soundhound AI, a voice AI and speech recognition company. However, the value of that bet was only about $6.7 million. During that time, the manager purchased ADR from GDS Holdings, a company that develops and operates high-performance data centers in China that also incorporates AI technology. Claman compares his disciplined and patient values ​​to Warren Buffett. And like Mr. Buffett, Mr. Claman has increased his exposure to the technology sector in recent years to take advantage of its explosive growth. In this case, Claman significantly increased its exposure to the group after the price dropped significantly. The investor, who currently manages $30 billion at Baupost, warned of an “everything bubble” in a rare interview with CNBC last year. He said bubbles include cryptocurrencies, SPACs, and many other trends that pose risks to investors. Klarman never stopped looking for bargains in neglected corners of the market. He said real estate had become a “hunting ground”, allowing for “purchases, capital injections and bailout financing”.