Berkshire CEO Abel says Alphabet a 'significant player' in AI after growing stake in Q2

Greg Abel, CEO of Berkshire Hathaway, speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026.CNBCBerkshire Hathaway CEO Greg Abel discussed with CNBC's Becky Quick on Wednesday the conglomerate's massive investment in Google-parent Alphabet, calling the tech giant a "significant player" in artificial intelligence.Abel said that Berkshire has clear view of the impacts that AI is having across its portfolio of companies and that Google's position relative to the emerging technology is strong."We have a lot of visibility from within our companies as to how we're using AI, what type of benefits it's delivering, so that brought incremental interest, and then we saw Google as a significant player," he told Quick.