Greg Abel, in his first year as Berkshire Hathaway CEO, has moved the group into AI, allocating roughly $10 billion to Alphabet to back its AI investments and adding about $930 million to Italy’s Bending Spoons SpA. The shift departs from Buffett’s prior tech caution and comes as the AI trade shows signs of stress, raising questions about timing. CFRA Research’s Cathy Seifert says part of the move appears intended to boost AI exposure but questions whether entry may be late. Keefe, Bruyette & Wo

Greg Abel, in his first year as Berkshire Hathaway CEO, has moved the group into AI, allocating roughly $10 billion to Alphabet to back its AI investments and adding about $930 million to Italy’s Bending Spoons SpA. The shift departs from Buffett’s prior tech caution and comes as the AI trade shows signs of stress, raising questions about timing. CFRA Research’s Cathy Seifert says part of the move appears intended to boost AI exposure but questions whether entry may be late. Keefe, Bruyette & Woods analyst Meyer Shields says Abel is likely treating the allocations as long-term bets on AI’s development potential.