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Google's $100 billion AI bet that made Warren Buffett invest $31 billion

World 1 source 1 country 🔦 Under-reported 49m ago

Warren Buffett revealed his personal initiation of Berkshire Hathaway's Google investment. This substantial capital expenditure on AI infrastructure finally convinced the investor. Google's spending resembles capital-intensive businesses Buffett has historically owned.

Alphabet's AI race is seen as a necessary game for hyperscalers. Buffett considers Apple still a favorite investment for Berkshire Hathaway.

Summary from source
Read the full story at the source Times of India · IN