# Berkshire Hathaway signalled a cautious approach to artificial intelligence, with CEO Greg Abel stressing that any adoption must deliver clear business value.

*business · news · 2026-05-02 · CNBC TV18*

## Key points

- Berkshire Hathaway's top five equity holdings now make up 61% of its portfolio's value.
- Berkshire's utilities division expects power demand from data centers to rise by up to 50% in five years.
- Berkshire reported a record cash pile of $397.4 billion after net selling equities this quarter.
- Greg Abel emphasized that Berkshire will only adopt AI if it demonstrates clear business value.

**Companies:** Berkshire Hathaway, Apple, American Express, Bank of America, Coca-Cola, Chevron
**Countries:** United States

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