The American President - who previously took aim at the 'Gold Digger' rapper for interrupting Taylor Swift's acceptance speech at the MTV Video Music Awards in 2009 - admits that while he might not like his behaviour, he can't deny his ability.
In an interview with The Atlantic magazine, he said: ''I like Kanye. He's a Chicago guy. Smart. He's very talented.
''He is a jackass, but he's talented.''
Kanye - who is rumoured to be dating reality star Kim Kardashian - later apologised to Taylor, 22, for his outburst using social networking site twitter.
He wrote: ''I'm sorry, Taylor. We're both artists, and the media and managers are trying to get between us. She deserves the apology more than anyone.
''If you Google a**hole my face may very well pop up 2 pages into the search ... There are people who don't dislike me ... they absolutely hate me. People tweeted that they wish I was dead ... No listen. They wanted me to die, people. I carry that.''
Announcing he had written a song for the country singer - which she later declined to use - he added: ''She had nothing to do with my issues with award shows. She had no idea what hit her. She's justa lil girl with dreams like the rest of us.
BeyoncÃ© didn't need that. MTV didn't need that and Taylor and her family friends and fans definitely didn't want or need that. (sic)''