Berkshire Hathaway's Greg Abel Just Made a Big Bet on Who Will Win the AI Races -- And He's Even Tipping the Scale in Its Favor
Berkshire just made this AI leader its fourth-largest position, and it could get even bigger.
Berkshire Hathaway's Greg Abel Just Made a Big Bet on Who Will Win the AI Races -- And He's Even Tipping the Scale in Its Favor
Overview
The generative artificial intelligence (AI) revolution is in full force, with agentic AI now catapulting AI-related stocks to new heights.
Still, those who remember the internet boom and bust know that many darlings of that boom didn't become long-term winners. Some even went bankrupt. However, those who eventually emerged as winners of that boom became some of the world's biggest companies, making up most of today's "Magnificent Seven."
Details
Today, the multitrillion-dollar question is, who will be the winner of the AI revolution? Well, Berkshire Hathaway's (NYSE: BRKA) (NYSE: BRKB) Greg Abel just made a big bet that one of the Magnificent Seven internet-era winners will also win the AI races -- and Berkshire's investment itself could help make that bet a reality.
Source
Originally published at www.fool.com.
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