Add as a preferred source on GoogleBerkshire Commits $10 Billion to Alphabet Amid Its AI Push
Berkshire also committed $930 million to Italian technology company Bending Spoons. Its cash balance stood at $365.5 billion at the end of the second quarter.
Berkshire Hathaway committed $10 billion to Alphabet and $930 million to Bending Spoons during Greg Abel’s first year as CEO, signaling a turn toward artificial intelligence under new leadership.
The commitments mark a change from the cautious technology stance associated with Warren Buffett. Buffett largely resisted pursuing stocks as valuations climbed, preferring to wait rather than overpay for investments.
Berkshire held $365.5 billion in cash at the end of the second quarter. Its reserves had been about $150 billion at the end of 2021 and exceeded $370 billion by late 2025.
Berkshire’s upcoming third-quarter results will provide a broader view of the company’s performance under Abel.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.