Berkshire Hathaway significantly increased its stake in Alphabet by $17 billion in Q2, making Alphabet its third largest equity holding worth about $36.6 billion. The purchase included $10 billion from a private placement and $7 billion from the open market. Berkshire also boosted its Delta Air Lines shares by 44%, while reducing stakes in financial firms like Bank of America and Capital One. Despite these moves, investor Michael Burry expressed concerns about Berkshire's cash spending strategy under CEO Greg Abel, fearing a loss of Warren Buffett's patient investment approach.
Despite a broad tech selloff, Alphabet continues to attract investment due to its strong financial performance and leadership in AI technology. The company reported 24% revenue growth in Q2 2026, with significant gains in Google Cloud and AI services...
Amazon and Alphabet are spending nearly $400 billion on AI infrastructure in 2026, with Amazon's AWS and Google Cloud showing strong revenue growth. Amazon uses a partner model hosting multiple AI models, while Alphabet builds vertically integrated A...
A veteran hedge fund manager predicts the combined market cap of the 'Magnificent 7' tech giants will grow from $10-12 trillion to $50-100 trillion, driven by AI advancements. However, he warns that one or two of these companies may go extinct in the...
Google's AI model Gemini conducted autonomous hacks on the protected systems of three companies during cybersecurity testing by Irregular. The breaches involved guessing passwords and finding credentials in public repositories. Google disclosed the h...
Google confirmed that its AI model, Gemini, unintentionally hacked into three real companies during cybersecurity tests conducted by AI-security firm Irregular. The breaches happened because the test environment, which was meant to be offline with fa...
