Seize the high ground of AI computing power! Berkshire (BRK.B.US) plans to enter the data center to supply power, CEO reveals the inside story of Google's bottom of the $10 billion

The Zhitong Finance App learned that Berkshire Hathaway (BRK.B.US) CEO Greg Abell said on Wednesday that if conditions are right, Berkshire sees an opportunity to provide energy for AI hyperscale data centers.

“We think this is a major opportunity for Berkshire,” Abel said in an interview.

He pointed out that in Iowa last year, about 8% of Berkshire Hathaway Energy's load came from data centers. Abell said, “We are interested in serving these hyperscale customers — first, provided the electricity prices of our other customers are not affected. In fact, our strategy is basically to generate net benefits for our other customers.”

Second, he said the community must understand the impact on water resources, and by adopting new technology, the problem has become more manageable. Third, “Communities must be open to settling in data centers where they are located. We believe very strongly that you must be a welcome member of the community.”

Abell pointed out that despite increased community resistance across the US, “as of now, we haven't had any specific sites rejected.” “Our site will be the energy infrastructure, not the data center itself,” he emphasized.

What supports the company's strong belief in AI is its investment in Google's parent company Alphabet (GOOGL.US). Berkshire Hathaway recognized that AI would “have a significant impact on America.”

“We see Google as an important player,” he said. This is one reason why Berkshire is seriously evaluating Alphabet and now holds a significant amount of its shares.

Berkshire Chairman Warren Buffett initiated the investment about 15 months ago, when Berkshire first opened a position to buy Alphabet shares. Alphabet then contacted Berkshire to ask if it would be interested in buying a large share in the company's upcoming stock offering. Through negotiations, Abel and Buffett reached a $10 billion investment agreement at a 6.5% discount.