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The Economic Times
The Economic Times
Business

Berkshire Hathaway CEO Greg Abel sees AI, power demand as new engines of growth

Berkshire Hathaway is betting that the artificial intelligence boom will create opportunities well beyond technology stocks, with CEO Greg Abel pointing to the significant growth potential of data centers and energy business in the massive infrastructure buildout needed to power AI, a Reuters report said citing Abel's interaction with CNBC.

Abel said that Berkshire sees significant opportunities from the expansion of AI data centers, following its decision to make Alphabet its third-largest common stock holding.

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