Berkshire Triples Alphabet Stake to 7% as TPUs Eye 20% AI Market Share
GOOG•Tripled Berkshire Hathaway’s stake in Alphabet to 7% of its $332 billion portfolio, citing prospects in Google’s custom TPUs that could secure 20% of the AI accelerator market. A Google engineer was indicted for wire fraud and money laundering after allegedly earning $1.2 million through insider trading on prediction markets.
1. Berkshire Hathaway Raises Alphabet Stake
Greg Abel, newly appointed CEO of Berkshire Hathaway, increased the company’s Alphabet holdings to approximately 7% of its $332 billion equity portfolio by tripling its position. The move underscores confidence in Google’s custom Tensor Processing Units, which analysts project could capture up to 20% of the global AI accelerator market within two years.
2. Google Engineer Charged with Insider Trading
A Google software engineer was indicted on charges of wire fraud and money laundering after allegedly using non-public information to profit $1.2 million in insider trades on Polymarket. The case highlights regulatory scrutiny over employee trading and may prompt tighter compliance measures at the company.
