Bust or boom ahead? Here's why Warren Buffett successor's $10 billion bet on big tech has divided experts
On 1 June, United States technology giant Alphabet announced that it is raising $80 billion equity capital to funds its ambitious artificial intelligence (AI) plans. And a chunk of this — $10 billion — comes from the Greg Abel-led Berkshire Hathaway.
Abel was announced as successor to the CEO role after beloved billionaire investor and long-time Berkshire CEO Warren Buffett‘s stepped away from the helm.