Berkshire Buying Again + AI VC Capital Cycle Concerns
Berkshire Hathaway's cash pile fell for the first time in years as Greg Abel bought Alphabet in his first net purchase in 3+ years. Separately, Chamath flagged that AI token spend is dangerously concentrated and funded by unprofitable VCs in a circular loop.
What we know
An account on X highlighted Berkshire cash dropping from ~$400B to $365B with Greg Abel buying $GOOGL — a significant signal shift for the world's most watched value investor. Another account on X also amplified Chamath's warning that 1% of companies consume 90% of AI token spend, with 80% of those funded by unprofitable VCs, creating a potentially fragile circular capital flow.
How the story developed
Berkshire Hathaway's cash pile fell for the first time in years as Greg Abel bought Alphabet in his first net purchase in 3+ years. Separately, Chamath flagged that AI token spend is dangerously concentrated and funded by unprofitable VCs in a circular loop.
Major US banks are detecting unauthorized third-party AI agents inside customer accounts taking independent actions. Separately, a 'circular financing' risk has been identified: the top AI token spenders are almost entirely VC-backed, creating potential feedback loop vulnerabilities if VC funding slows.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.