Berkshire Hathaway Dives Deep into AI with $112 Billion Bet

Berkshire Hathaway's massive investment portfolio has long been dominated by stable companies like Bank of America and Coca-Cola, but its latest moves suggest a growing interest in artificial intelligence.

The conglomerate owns more than two dozen companies, including consumer brands like Duracell and Dairy Queen, and its $350 billion investment portfolio is similarly filled with blue chip stocks. However, 30.6% of Berkshire's entire portfolio, or over $112 billion, is now invested in Apple and Alphabet.

Berkshire first bought Apple stock in 2016, when the company was still integrating its Siri virtual assistant into the iPhone. At that time, Warren Buffett spoke highly of Apple's ecosystem, calling it 'probably the best business I know in the world.'

Today, Berkshire holds around 228 million shares of Apple, accounting for about 20.7% of its portfolio. Apple's AI strategy focuses on embedding AI programs on its devices, with Siri AI as a key example.