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AI & Enterprise

Berkshire CEO steps up $10 billion bet on Alphabet with two-track investment in AI and power infrastructure

Berkshire Hathaway is expanding its investment in Alphabet, betting on growth in the artificial intelligence industry while also seeking gains from rising power demand from data centres. Greg Abel, Berkshire\'s CEO, said the company sees Alphabet as a key AI player and also expects indirect benefits as Berkshire Hathaway Energy supplies electricity to data centres. Berkshire approved an additional $10 billion Alphabet purchase and plans large energy infrastructure spending through 2026.

Crypto

Berkshire without Buffett holds record cash pile, raising questions over next investment

Berkshire Hathaway is entering a new leadership era with a record $382 billion in cash and short-term Treasuries after Warren Buffett retired at 95. The company has been a net seller of stocks for 12 straight quarters and sold about $184 billion over three years. Attention is turning to incoming leader Greg Abel and how he will deploy liquidity. Crypto investors are watching as Berkshire has indirect exposure through an investment in Brazil’s Nu Holdings.