Berkshire Hathaway CEO Greg Abel said in an interview with CNBC on Wednesday that the conglomerate's large-scale investment in Google parent Alphabet Inc. (GOOGL.US) reflects its view that the tech giant is a "key participant" in the AI sector.

Abel said Berkshire Hathaway has a clear understanding of the impact of AI across its portfolio companies, while Google holds a strong position in the emerging technology field.

He added that the group can clearly observe AI applications and the benefits they generate through its portfolio companies, which has further increased its interest in the sector.

According to filings submitted by Berkshire Hathaway to the U.S. Securities and Exchange Commission, the company increased its holdings of Alphabet shares by USD17 billion in 2Q26, making it the third-largest holding in Berkshire Hathaway's equity investment portfolio.
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AASTOCKS Financial News
Website: www.aastocks.com


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