Warren Buffett's Berkshire Hathaway investing $570mn in Snowflake
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In a major, albeit surprising, move, Berkshire Hathaway, the multinational conglomerate led by investing legend Warren Buffett, has confirmed the plan to infuse nearly $570 million into Snowflake, a cloud data-warehousing unicorn in the US. The investment, the company has said, will be made immediately after Snowflake's IPO launch in the coming weeks. Berkshire will also purchase over 4 million shares from former Snowflake CEO.