Greg Abel Highlights Two AI Profit Paths for Berkshire
During a visit to Japan, Berkshire Hathaway CEO Greg Abel said the company sees two main AI opportunities: supplying electricity to expanding data centers via Berkshire Hathaway Energy, and increasing investments in Alphabet. He noted power availability is the key constraint and said any electricity sales should not raise rates for other consumers. He also urged data centers to address community concerns, including reducing water use, and cited Berkshire’s stake in Alphabet near $36 billion.