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Berkshire Boosts Alphabet Stake to $36.6 Billion Amid AI Focus

Guavy AI Editorial Team
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Berkshire Hathaway Inc., led by CEO Greg Abel, has increased its stake in Alphabet Inc., parent company of Google, to $36.6 billion.

The conglomerate added $17 billion worth of Alphabet shares during the second quarter, making Google's parent the third-largest holding in Berkshire's equity portfolio.

Abel said that Berkshire views Alphabet as a significant player in artificial intelligence (AI), citing firsthand experience with AI across its portfolio companies and benefits it delivers.

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