business / news / / CNBC TV18
Berkshire Hathaway signalled a cautious approach to artificial intelligence, with CEO Greg Abel stressing that any adoption must deliver clear business value.
Berkshire Hathaway's top five equity holdings now make up 61% of its portfolio's value.
KEY POINTS
- 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.
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