Greg Abel Sees AI-Powered Growth Ahead for This Berkshire Hathaway Subsidiary. Can This Catalyst Help the Conglomerate Outperform in the AI Era?
The narrative is bullish, but are the numbers involved big enough to matter?
Overview
Although the company holds a sizable stake in Alphabet, much like his predecessor, Warren Buffett, current Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) CEO Greg Abel isn't making any major, hyperaggressive bets on artificial intelligence (AI) technology.
He's certainly not unaware of the industry's rapid growth, though, and is making a point of preparing one of Berkshire's subsidiaries for what seems inevitable. That's soaring demand for the electricity that powers AI data centers.
Details
The question is, will this meaningfully move the needle for Berkshire Hathaway and its shareholders?
Source
Originally published at www.fool.com.
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