Berkshire Sees AI Power Surge | Business and Finance News

Greg Abel, CEO of Berkshire Hathaway, is betting big on AI’s energy hunger—Berkshire Hathaway Energy already powers 8% of AI data centers in Iowa and could see that jump 50% in five years. While not betting directly on AI tech, the company is strategically positioned to profit from the massive electricity demands of data centers, generating nearly $4 billion in earnings last year—about 10% of Berkshire’s total profits. Though AI-driven demand is growing fast, it’s still small enough that it’s not yet a major driver for Berkshire’s overall stock. Still, this move shows how legacy giants are adapting to tech trends, positioning themselves to benefit as AI’s power needs explode. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/10b8cfc58c0f33fc