CEO Greg Abel is steering Berkshire Hathaway toward artificial intelligence to align with global technology trends. The conglomerate significantly increased its investment in Alphabet within its public stock portfolio. This shift marks an evolving investment strategy for the post-Warren Buffett era.
Berkshire Hathaway’s AI strategy includes both equity holdings and physical infrastructure. Berkshire Hathaway Energy is expanding operations to meet the high power demands of AI data centers. The company aims to profit from both AI software growth and the essential utilities powering the sector.