Greg Abel, the new CEO of Berkshire Hathaway, is actively increasing his stake in Google (Alphabet) to make up for Warren Buffett’s regret over not investing in Google early enough.After initially establishing a position of approximately 18 million shares in the third quarter of 2025, Abel added another 40 million shares in the first quarter of 2026.Most recently, in June 2026, Abel spent $10 billion to purchase shares of Google through a private placement transaction, which included $5 billion in Class A shares and $5 billion in Class C shares.This move is seen as a strong endorsement of Google and its investments in the field of artificial intelligence (AI). Although market concerns over AI spending have led to some restraint in AI investment enthusiasm in 2026, Berkshire’s continued investment demonstrates its confidence in the long-term prospects of AI.Statista forecasts that the global AI market will be worth $617 billion in 2026 and is expected to grow to $1.2 trillion by 2032.