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Berkshire Hathaway’s Investment in AI
Warren Buffett’s Berkshire Hathaway has made a $4.3 billion investment in Alphabet (NASDAQ: GOOGL), marking the only new addition to its portfolio during the third quarter of 2023. This investment comes as the company prepares to leverage artificial intelligence (AI) capabilities across its products and is also developing its own quantum AI stack with initiatives like custom chips and an open-source quantum software suite.
In addition to Alphabet, Berkshire also has significant exposure to AI through Amazon (NASDAQ: AMZN). Amazon utilizes AI to enhance its e-commerce and cloud services, including a major investment in the AI startup Anthropic and the development of a custom quantum computing chip called Ocelot. Both companies are viewed as key players in the evolving landscape of AI and quantum computing.
Between 1964 and 2024, Berkshire Hathaway has achieved a total gain of 5,502,284%, far surpassing the S&P 500’s 39,054% during the same period, showcasing Buffett’s investment acumen in identifying durable and diverse businesses.
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