Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business

Berkshire's Alphabet Stake Surges to $36.6 Billion. CEO Greg Abel Sees Google as an AI Powerhouse.

Abel said Berkshire's sprawling portfolio of businesses has given the company a firsthand look at how AI is being deployed and the benefits the technology can generate. (Credit: Getty Images)

Berkshire Hathaway CEO Greg Abel is leaning further into artificial intelligence, calling Google parent Alphabet a "significant player" in the technology after the conglomerate substantially increased its stake in the company during the second quarter.

Speaking with CNBC on Wednesday, Abel said Berkshire's sprawling portfolio of businesses has given the company a firsthand look at how AI is being deployed and the benefits the technology can generate.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.