November 6 — In his first year as CEO of Berkshire Hathaway, Greg Abel has steered the investment group into a new frontier: artificial intelligence. In a striking departure from Buffett's long-standing skepticism toward tech stocks, Abel made substantial capital commitments shortly after taking office. Within just a few months, he invested $10 billion in Google parent Alphabet to support its AI-related initiatives, while also adding $930 million to Italian group Bending Spoons SpA, which uses AI technology to transform businesses. However, with cracks beginning to emerge in AI trades, the timing of Berkshire's increased bets on the sector may not be ideal. CFRA Research analyst Cathy Seifert said part of this may reflect a deliberate effort to increase exposure to AI, but the question remains: is it too late to get in? Still, for staunch value investors and longtime Berkshire watchers, these market fluctuations may be of little concern. When Buffett invested in Apple in 2016, he was criticized for missing the iPhone maker's best period of growth—yet it ultimately became one of Berkshire's most successful investments. Keefe Bruyette & Woods analyst Meyer Shields said Abel likely views Berkshire's AI investments as a bet on the technology's long-term potential.