Greg Abel, CEO of Berkshire Hathaway since January 1, 2026, has identified AI data center energy demand as a major opportunity for the group. Subsidiary Berkshire Hathaway Energy expects data center load to grow by 50% over five years, while already generating approximately $3 to $4 billion in annual operating earnings. The company has committed to a roughly $34 billion capital expenditure program and authorized a $10 billion investment in Alphabet, Google’s parent company, in June 2026, making it Berkshire’s third-largest common stock holding.
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