Top Companies' AI Moves

Today's Stories

1. 1

   Greg Abel's Berkshire AI bet hits 31%, led by Alphabet

   Alphabet is Berkshire's growth pick — nearly 106 million shares bought across its two tickers, lifting its portfolio share from 0% to just under 10% in under a year. The position is the largest built during Abel's tenure, and Berkshire paid under 20 times earnings to build it, suggesting it was sized as a long-term holding rather than a trade.

   Alphabet's capital expenditures of between $195 billion and $205 billion this year are the open question — the holding hinges on whether that spending keeps producing results. Watch the portfolio share as it approaches 10%.

2. 2

   Dell Technologies and Axelera AI unveil Europa AI Processing Unit

   Dell Technologies and Axelera AI announced a collaboration on the new Europa AI Processing Unit architecture for data centers, built for more demanding inference and training use cases in enterprise AI infrastructure. The collaboration plugs directly into Dell's AI infrastructure narrative, supporting the catalyst of rising enterprise AI demand and more tailored offerings that analysts link to stronger revenue visibility and higher value services.

   Dell's open question is whether the move translates into richer profitability or larger but lower rate volumes, since AI servers can be rate dilutive and commoditized hardware still pressures margins. Watch Q3 fiscal 2027 results, guided to US$49.0b revenue and GAAP diluted EPS of US$6.10.

3. 3

   Dell's $95 billion AI server backlog draws Nvidia boom investors

   Dell took almost $61 billion in AI server orders last quarter and ended with a $95 billion backlog. Revenue rose 58% to a record $47 billion. The backlog exceeds quarterly revenue, so the order pipeline is the main reason to expect the AI server business to keep growing.

   Dell says its pipeline is "multiples of our backlog," so the story hinges on converting that into revenue. Watch the 20 times forward earnings valuation.

4. 4

   Crusoe emerges from crypto winter as AI data-center player

   Denver-based Crusoe survived the crypto winter of 2022 and 2023, which sent many bitcoin miners to the brink of bankruptcy, and emerged as a low-profile but critical AI data-center innovator. The companies now supporting the AI data-center building bonanza are not only the giants, but also small survivors of the crypto crash, and Crusoe is one of the names investors are told to watch.

   The article calls Crusoe and other low-profile AI data-center innovators worth watching, but does not name a second company or give a date, price, or figure to track.

5. 5

   Intel Xeon gains 2.4x in MLPerf v6.1 via software

   On the same Xeon 6980P silicon and socket count as MLPerf v6.0, Intel reported a 2.4x rise in Llama 3.1 8B Server throughput and 56% higher Offline throughput in v6.1, achieved through software alone. Intel says optimizations can stretch the useful life of servers customers already run, letting them handle larger, more varied AI models without buying new hardware.

   The gains apply to specific submitted configurations, so real-world results will hinge on each customer's setup and software stack. Partner submissions rose from 29 to 39, with Oracle, Red Hat, Quanta Cloud Technology and Supermicro joining.

6. 6

   AI helps Bank of America avoid layoffs, CEO Brian Moynihan tells investors

   Bank of America CEO Brian Moynihan told investors that AI has helped the bank avoid layoffs. This suggests that AI adoption at the bank has been managed without cutting jobs, a notable outcome as firms weigh AI's workforce impact.

   The article provides no details on how AI was used, the scale of the avoidance, or which roles were affected, leaving the full picture unclear.