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Warren Buffett Says Berkshire Hathaway Invested $21 Billion in Alphabet to Support AI Spending
Warren Buffett stated he initiated the investment to support Alphabet's AI spending. He also described daily talks with successor Greg Abel during a Wednesday interview. The comments were reported by @YahooFinance.
Jul 15, 11:35 AM·1m read2 sources
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Warren Buffett said he initiated Berkshire Hathaway's $21 billion investment in Alphabet to support the company's AI spending. The remarks came in a Wednesday interview with CNBC. Buffett added that he and Berkshire Hathaway CEO Greg Abel talk every day.
He stated that Abel does not make any decision without Buffett's approval, and vice versa. @YahooFinance reported the details from the interview.
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