Capital One

Berkshire Increases Alphabet Stake by 83%

Berkshire Hathaway raised its stake in Alphabet by 83% in Q2, growing to roughly 106 million shares valued at about $37.8 billion as of June 30. The holding includes a June-announced $10 billion investment tied to Alphabet's financing of AI infrastructure. Apple remained Berkshire’s largest equity holding (~$66 billion), followed by American Express (~$51.3 billion) and Alphabet. Berkshire bought $23.5 billion of stocks and sold $3.7 billion in Q2, ending a 14-quarter streak of net selling and reducing cash reserves from $380.2 billion to $364.7 billion. Berkshire fully exited its position in Constellation Brands and adjusted stakes in Delta Air Lines, Macy’s, Lennar, D.R. Horton and several financial and industrial firms. Warren Buffett remains chairman and says the Alphabet position originated with him; Greg Abel is running capital allocation as CEO.

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Omilia raises $67M to scale CX platform

Omilia, an Athens-based conversational AI company that has been building voice-call and customer support automation since 2002, raised $67 million in a Series B led by Expedition Growth Capital to expand its self-learning agents and U.S. operations. The company says it grew annual recurring revenue tenfold to $60 million since its prior $20 million raise from Grafton Capital in 2020. Omilia counts clients including Capital One, Discover, RBC, DWP, PSEG and Taco Bell, plans to open a U.S. office, expand go-to-market teams, hire senior revenue and marketing executives, and expects headcount to grow from about 500 to 600 by year-end.