Buffett reveals he personally initiated Berkshire's $31B Alphabet investment
Warren Buffett has disclosed that he personally drove Berkshire Hathaway's investment in Alphabet, Google's parent company, valued at approximately $31 billion. The decisive factor was Google's massive AI infrastructure spending, which Buffett estimated at around $100 billion. He drew parallels between Alphabet's capital-intensive AI buildout and the kinds of asset-heavy businesses Berkshire has traditionally favored. Buffett views participation in the AI race as essential for major cloud and tech players like Google. Despite the new position, he reaffirmed that Apple remains Berkshire Hathaway's top investment holding.
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