Berkshire CEO Greg Abel discusses Japan, Google and AI, housing, consumers
Housing and consumers
Abel says Berkshire viewed the housing market as a "bumpy road" for a while and doesn't see a quick recovery.
Abel says Berkshire took a very long-term view of the housing market when it acquired the Taylor Morrison home builder.
Abel says consumers are still feeling stretched.
Alphabet, Google and AI
Abel says he was approached in May about making what became Berkshire's $10 billion investment in Alphabet, and discussed it with Buffett.
Abel views Alphabet's Google as a "significant player" in AI.
Abel says he views AI data centers as a significant opportunity for Berkshire Hathaway Energy.
Japan investments and debt plans
Sept. 2 - Abel says Berkshire still envisions raising debt in Japan as appropriate.
Berkshire Hathaway CEO Greg Abel says his company intends to hold investments in Japanese trading houses for many decades.
Abel says Berkshire chairman Warren Buffett loves Berkshire's Japanese investments and says he provided Buffett an update this morning.
Abel says he would love to participate in a transaction with Tokio Marine, but declines to comment on specific potential transactions.
