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(Bloomberg) -- In his first year as Chief Executive Officer of Berkshire Hathaway Inc., Greg Abel has pushed the conglomerate into an entirely new area of investment: artificial intelligence. Most Read from Bloomberg Rubio Weighs Leaving Administration After GOP's Midterm Loss Morgan Stanley Offers $2.3 Billion Debt for Dell Family Deal Hinojosa Seeks 'Balance' With Musk, Regulations in Blue Texas S&P 500 Sinks 4% as AI Washout Rattles Wall Street: Markets Wrap Democrats Clinch Huge Wins on Inflation Anger, Trump Fatigue In a significant departure from Warren Buffett's famous reservations about technology stocks, the new CEO started cutting checks soon after he took on the job.
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