Berkshire Hathaway Buys Alphabet Shares, AI Investment

Berkshire Hathaway, led by Warren Buffett, recently invested in Alphabet, Alphabets parent company, marking a significant move in the tech sector. This investment comes as Alphabet leads in AI development, a field Buffett previously regretted not recognizing earlier. The company also maintained its position in Amazon, indicating continued interest in tech giants. The decision to invest in Alphabet was made amidst Buffetts expected departure, with his successor, Greg Abel, potentially behind the move. Berkshire Hathaway has been cautious in recent years, leading to a record-high cash pile and a shrinking stock portfolio.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.