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The Economic Times
The Economic Times
Debaroti Adhikary

AI bubble or boom? Warren Buffett's Berkshire Hathaway invests another $10 billion in Google's parent, Alphabet

Berkshire Alphabet Warren Buffett Berkshire Hathaway Google Greg Abel Artificial Intelligence

While analysts debate whether AI is a bubble or not, legendary investor Warren Buffett's Berkshire Hathaway just deepened its bets on the nascent technology. Google's parent, Alphabet, on Monday announced that it will sell $10 billion worth of shares to Berkshire in a private placement.

This will be part of Alphabet’s $80 billion fundraising . Berkshire Hathaway’s stake purchase will comprise $5 billion in Class A common stock at $351.81 per share and $5 billion in Class C capital stock for $348.20 per share, both below Monday's closing prices.

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