According to the most recent quarterly release of Berkshire Hathaway (BRK.B, BRK.A), 47% of Warren Buffett's $375 billion portfolio invested in 3 artificial intelligence (AI) stocks. Artificial intelligence (AI) is expected to add $15.7 trillion to the global economy by 2030.

Meanwhile, during the quarter, Berkshire Hathaway (BRK.B, BRK.A) reported revenue of $92.5 billion posting an increase of 21.4% over the $76.2 billion the company reported one year earlier. The company’s Q2 operating income rose 6.6% to $10.0 billion in Q2 compared with $8.07 billion in the previous quarter and $9.42 billion YoY, benefiting from underwriting and investments in the insurance business.

As of June 30, 2023, the investment giant had $147.4 billion in cash, cash equivalents and short-term securities, up from $130.6 billion on March 31.

In terms of its business segmentation, Berkshire Hathaway Primary Group saw underwriting revenue jump 27.8% from $3.3 billion to $4.2 billion, while Berkshire Hathaway Reinsurance Group reported an increase of 33.3% from just under $5 billion to $6.6 billion. The Manufacturing segment of the company, for instance, reported, however, a sales decline from $19.8 billion to $19.1 billion. Consumer product sales, meanwhile, fell from $4.3 billion to $3.5 billion.