Warren Buffett's Successor, Greg Abel, Is Wagering Heavily on an AI-Driven Future

Key Points Warren Buffett retired as Berkshire Hathaway’s CEO on Dec. 31, giving control of the company’s day-to-day operations and investment portfolio to Greg Abel. In a recent interview, Abel highlighted Alphabet’s AI ambitions as a core reason for Berkshire’s recent investments in the company. Additionally, Berkshire’s new boss sees steady growth in electricity demand driven by the AI data center build-out. 10 stocks we like better than Alphabet › For more than half a century, Warren Buffett steered the ship at Berkshire Hathaway (NYSE:BRKA) (NYSE:BRKB) . His generally conservative approach worked phenomenally well, with Berkshire's Class A shares (BRKA) outpacing the benchmark S&P 500 (SNPINDEX:^GSPC) by more than 6,000,000% since the mid-1960s.