Warren Buffet successor to invest $10m into AI in major shake up

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleBerkshire Hathaway CEO Greg Abel (Reuters)Greg Abel, Berkshire Hathaway's new CEO, has initiated significant financial manoeuvres, signalling a potential shift from Warren Buffett's long-standing operational philosophy. Abel's actions include a $6.8 billion acquisition of home builder Taylor Morrison and $10 billion stock investment in Alphabet, Google's parent company. He plans to consolidate Taylor Morrison with Berkshire’s existing site-built homebuilding operations, indicating a more active management style than his predecessor. The investment in Alphabet is part of the tech giant's broader plan to raise $80 billion for its artificial intelligence infrastructure. Buffett praised Abel's swift and smooth execution of the deals, which were made with advice from Buffett and the board. In fullWarren Buffett’s successor reshapes empire with $10 billion AI gambleThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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