巴菲特旗下伯克希尔·哈撒韦于2025年第三季度首次投资谷歌,并于2026年第一季度加仓。其投资决策基于对谷歌AI基础设施的深度理解。巴菲特将复杂的TPU v5p芯片集群——包括其3D环面互联、光电路交换与分布式训练算法——比作他熟悉的BNSF铁路网络:芯片互联如轨道连接,调度算法如列车编组,环形拓扑确保系统稳定。这一类比揭示了他并非盲目跟风,而是通过对底层系统运作原理的剖析做出的审慎投资。
Warren Buffett's Berkshire Hathaway first invested in Google in Q3 2025, coincidentally the same time that SemiAnalysis called out a huge increase in TPU purchases from Anthropic. In Q1 Berkshire added more to their position. Buffett actually said this about his own diligence into Google's AI Infrastructure supremacy: "I don't buy what I can't understand. So Greg sat me down with the TPU v5p spec. 8,960 chips wired in a 3D torus, every chip talking to six neighbors over ICI links at 4.8 Tbps a pop, wraparound rails so no chip is ever at the end of the line, and optical circuit switches throwing the junctions mid-job to carve out whatever submesh your sharded matmul needs. Add in ring all-reduce running consists in both directions along each torus axis, collective permutes shuffling shards between sidings, and bandwidth-optimal SPMD partitioning across the data, model, and pipeline dimensions. Folks, it's just BNSF. Six neighbors, scheduled consists, a yardmaster throwing switches, trains that never stop. And I've been understanding railroads since 1942." Want to understand the TPU system architecture as deeply as Buffett? Read more here: https://newsletter.semianalysis.com/p/tpuv7-google-takes-a-swing-at-the