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Berkshire CEO Abel says Alphabet is a major AI player after stake growth

Abel said Berkshire has a clear view of how AI is affecting companies across its portfolio, and that Google's relative position remains strong.

Reported · Written up by our desk · Europe

Berkshire CEO Greg Abel said Alphabet is a significant player in artificial intelligence after Berkshire increased its stake in the company in the second quarter, according to CNBC World.

Abel said Berkshire has a clear view of the impacts AI is having across its portfolio of companies.

He added that Google's position relative to AI technology remains strong, pointing to its standing as the company’s competitive context for the trend.

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Sources

CNBC WorldBerkshire CEO Abel says Alphabet a 'significant player' in AI after growing stake in Q2

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