“`html
Key Facts
Warren Buffett’s Berkshire Hathaway will see Buffett retire as CEO at the end of 2024. Under his leadership since 1965, Berkshire’s shares have risen by 5,502,284%, significantly outperforming the S&P 500’s 39,054% return, with the company’s stock portfolio currently valued at $320 billion.
Berkshire’s largest holding is Apple, comprising 23.9% of the portfolio. Apple has integrated AI into its products and plans to spend $1 billion annually on a custom AI model from Alphabet. In addition, Buffett recently invested in Chubb and Visa, which utilize AI in fraud detection; Chubb’s 2024 combined ratio is 86.6%, outperforming the industry average of 96.6%, while Visa’s AI platform prevents $28 billion in fraud annually.
“`
