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Berkshire's CEO explained its $37 billion Google stake, calling the tech giant a key AI player

Greg Abel told CNBC that visibility into how Berkshire's portfolio companies use AI drove the conglomerate's growing bet on Google

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Berkshire Hathaway $BRK.B CEO Greg Abel told CNBC on Wednesday that the conglomerate views Alphabet $GOOGL as a "significant player" in artificial intelligence, offering the most detailed public explanation yet of the company's growing stake in Google's parent.

Abel said Berkshire's view into AI adoption across its own portfolio companies informed the decision to buy Alphabet stock. "We have a lot of visibility from within our companies as........

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