DIRS.INFO The most relevant business & tech news

☆ Warren Buffett says AI scamming will be the next big 'growth industry'
▼ + stars: | 2024-05-04 | by ( Pia Singh | ) www.cnbc.com time to read: +1 min

Warren Buffett isn't jumping on the artificial intelligence bandwagon just yet, warning about the technology's potential for harm. "When you think about the potential for scamming people ... if I was interested in investing in scamming, it's gonna be the growth industry of all time and it's enabled, in a way" by AI, Buffett said at Berkshire Hathaway's annual shareholder meeting on Saturday. Buffett pointed to the technology's ability to reproduce realistic and misleading content in an effort to send money to bad actors. "Obviously, AI has potential for good things too, but ... I do think, as someone who doesn't understand a damn thing about it, it has enormous potential for good and enormous potential for harm — and I just don't know how that plays out," Buffett added.

Persons: Warren Buffett, it's, Buffett, — Organizations: Berkshire Locations: scamming

☆ Warren Buffett's Berkshire Hathaway cut Apple investment by about 13% in the first quarter
▼ + stars: | 2024-05-04 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. OMAHA, Nebraska — Warren Buffett's Berkshire Hathaway cut its gigantic Apple stake in the first quarter as the "Oracle of Omaha" continued to downsize his one-time favorite bet. In its first-quarter earnings report, Berkshire Hathaway reported that its Apple bet was worth $135.4 billion, implying around 790 million shares. It sold about 10 million Apple shares (just 1% of its massive stake) in the fourth quarter. This filing, when accounting for the change in Apple's stock price, would imply Berkshire sold about 116 million shares.

Persons: Warren Buffett, OMAHA , Nebraska — Warren, Berkshire Hathaway, Buffett, Ted Weschler, Todd Combs Organizations: Berkshire, OMAHA , Nebraska —, Apple Locations: Omaha , Nebraska, OMAHA , Nebraska, Omaha

☆ Berkshire Hathaway operating earnings soar 39% as Buffett's cash hoard swells to record $188 billion
▼ + stars: | 2024-05-04 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. Berkshire Hathaway reported Saturday a huge year-over-year increase in operating earnings in the first quarter, while its cash holdings bubbled to record levels. The Warren Buffett-led conglomerate posted an operating profit — which encompasses earnings from the company's wholly owned businesses — that surged 39% to $11.22 billion from the year-earlier period. That gain was led by a 185% year-on-year increase in insurance underwriting earnings to $2.598 billion from just $911 million. Berkshire's railroad business raked in $1.14 billion in profit, down slightly from the first quarter of 2023.

Persons: Warren Buffett, Berkshire Hathaway, Buffett Organizations: Berkshire Locations: Omaha , Nebraska

☆ Warren Buffett rings the alarm on AI, comparing it to the atomic bomb and warning it will supercharge fraud
▼ + stars: | 2024-05-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Warren Buffett issued a grave warning about artificial intelligence. The Berkshire Hathaway CEO predicted it would supercharge fraud by making scams far more convincing. The investor likened AI to the atom bomb, saying the world has let the "genie out of the bottle." AdvertisementWarren Buffett has raised the alarm on AI, warning it threatens to supercharge fraud by making scams more convincing than ever. Buffett also likened the advent of AI to the creation of the atom bomb, echoing comments he made at last year's Berkshire meeting.

Persons: Warren Buffett, Berkshire Hathaway, —, Scamming, Buffett, we'd Organizations: Berkshire, Service Locations: Berkshire

☆ Warren Buffett: 'If you're lucky in life, make sure a bunch of other people are lucky too'
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWarren Buffett: 'If you're lucky in life, make sure a bunch of other people are lucky too'Berkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting.

Persons: Warren Buffett, Berkshire Hathaway Organizations: Berkshire Hathaway Locations: Berkshire

☆ Warren Buffett says Greg Abel will make Berkshire Hathaway investing decisions when he's gone
▼ + stars: | 2024-05-04 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

OMAHA, Nebraska — Warren Buffett said Saturday his designated successor Greg Abel will have the final say on Berkshire Hathaway's investing decisions when the Oracle of Omaha is no longer at the helm. Berkshire investing managers, Todd Combs and Ted Weschler, both former hedge fund managers, have helped Buffett manage a small portion of the stock portfolio (about 10%) for about the last decade. There was speculation that they may take over that portion of the Berkshire CEO role when he is no longer able. But it seems, based on Buffett's latest comments, that Abel will have final decisions on all capital allocation — including stock picks. Berkshire acquired MidAmerican Energy in 1999 and Abel became CEO of the company in 2008, six years before it was renamed Berkshire Hathaway Energy in 2014.

Persons: OMAHA , Nebraska — Warren Buffett, Greg Abel, Greg, Buffett, Abel, Charlie Munger, you've, Todd Combs, Ted Weschler Organizations: Berkshire, Oracle, Apple, MidAmerican Energy, Berkshire Hathaway Energy Locations: OMAHA , Nebraska, Omaha, Berkshire

☆ Warren Buffett: Find the job that you would like to have if you did not need a job
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWarren Buffett: Find the job that you would like to have if you did not need a jobBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting.

Persons: Warren Buffett, Berkshire Hathaway Organizations: Berkshire, Berkshire Hathaway

☆ Warren Buffett compares AI advances to nuclear weapons: The genie is 'part way' out of the bottle
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWarren Buffett compares AI advances to nuclear weapons: The genie is 'part way' out of the bottleBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting.

Persons: Warren Buffett Organizations: Berkshire Hathaway

☆ Warren Buffett breaks down Berkshire's most recent quarter during annual meeting
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWarren Buffett breaks down Berkshire's most recent quarter during annual meetingBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting.

Persons: Warren Buffett Organizations: Berkshire Hathaway

☆ Warren Buffett's company dumped stocks and grew its cash pile to a record $189 billion last quarter
▼ + stars: | 2024-05-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Warren Buffett's Berkshire Hathaway grew its cash pile to a record $189 billion last quarter. Berkshire dumped a net $17 billion of stocks, and boosted its buyback spend to $2.6 billion. The famed investor's Berkshire Hathaway raised its stockpile of cash and Treasury bills by $21 billion to a record $189 billion — a 13% increase in just three months. Related storiesThe centibillionaire and his team only spent $2.7 billion on stocks last quarter, while they dumped $20 billion worth, marking their largest quarterly disposal in several years. AdvertisementBerkshire's net stock sales totaled $24 billion in 2023, which was a big turnaround from its purchase of $34 billion of stocks on a net basis in 2022.

Persons: Warren, Berkshire Hathaway, —, Buffett, NetJets Organizations: Berkshire, Service, BNSF Railway, Travel Centers Locations: Woodstock

☆ Buffett: If you copy the right people, you will be 'off to a great start about living your life'
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBuffett: If you copy the right people, you will be 'off to a great start about living your life'Berkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting.

Persons: Berkshire Hathaway, Warren Buffett Organizations: Berkshire, Berkshire Hathaway

☆ 'A lot to be done' with improving BNSF Railway operations, says Berkshire's Greg Abel
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'A lot to be done' with improving BNSF Railway operations, says Berkshire's Greg AbelBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. Buffett answers shareholder question about BNSF Railway performance issues.

Persons: Greg Abel Berkshire Hathaway, Warren Buffett, Buffett Organizations: Railway, Berkshire Hathaway, BNSF

☆ Warren Buffett: No one would owe 'a dime' of federal taxes if other companies paid fair share
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWarren Buffett: No one would owe 'a dime' of federal taxes if other companies paid fair shareBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting.

Persons: Warren Buffett Organizations: Berkshire Hathaway Locations: Berkshire

☆ Berkshire's 2024 annual shareholder meeting: Watch the full morning session
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBerkshire's 2024 annual shareholder meeting: Watch the full morning sessionBerkshire Hathaway Chairman and CEO Warren Buffett presides over the company's annual meeting.

Persons: Berkshire Hathaway, Warren Buffett Organizations: Berkshire

☆ Warren Buffett on the risk from Tesla's self-driving tech to Berkshire's insurance businesses
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWarren Buffett on the risk from Tesla's self-driving tech to Berkshire's insurance businessesBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting.

Persons: Warren Buffett Organizations: Berkshire Hathaway Locations: Berkshire

☆ Real estate agents will continue to pay a key role despite settlements, says Berkshire's Greg Abel
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReal estate agents will continue to pay a key role despite settlements, says Berkshire's Greg AbelBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting.

Persons: Greg Abel Berkshire Hathaway, Warren Buffett Organizations: Berkshire Hathaway

☆ Successor Greg Abel will have a more hands on approach with managers, says Buffett
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSuccessor Greg Abel will have a more hands on approach with managers, says BuffettBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. Buffett answers an audience about how operations have changed under new Berkshire management.

Persons: Greg Abel, Buffett, Buffett Berkshire Hathaway, Warren Buffett Organizations: Buffett Berkshire, Berkshire Hathaway Locations: Berkshire

☆ Warren Buffett explains why Berkshire reduced its big Apple stake
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWarren Buffett explains why Berkshire reduced its big Apple stakeBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting.

Persons: Warren Buffett, Berkshire Hathaway Organizations: Berkshire, Berkshire Hathaway Locations: Berkshire

☆ Dating a celebrity is the ultimate fantasy. A PR expert and a therapist explain if it can actually work.
▼ + stars: | 2024-05-04 | by ( Olivia Singh | ) www.businessinsider.com time to read: +11 min

But being in a relationship with a celebrity isn't all it's hyped up to be in the movies. "It's not the people in the relationship," Anderson said. AdvertisementThis persistent surveillance can be exhausting and strain a relationship, Anderson said. To work, these relationships need time out of the spotlightEven though the odds might seem stacked against a celebrity and civilian couple, these relationships aren't necessarily doomed. AdvertisementIn a public setting, Anderson said that the normal person has to accept that they'll be sidelined by their famous partner.

Persons: —, Anna Scott, William Thacker, I'm, Julia Roberts, Hugh Grant, Tad Hamilton, Solène, Anne Hathaway, Hayes Campbell, Nicholas Galitzine, Robinne, Harry Styles, Matt Damon, Luciana Barroso, Taylor Lautner's, Tay, Edward, Jon Stewart, Tracey McShane, they're, Alisha Wetherill, Clay Cockrell, who's, — Cockrell, we've, Liza Anderson, Anderson, Taylor Swift, Travis Kelce, Jennifer Lopez, Ben Affleck, Cockrell, Danny Moder, Patrick Dempsey, Jillian Fink, Keanu Reeves, Alexandra Grant, He's, Reeves, he's, It's, they'll Organizations: Service, Disney, Business, Coachella, Anderson Group Public Relations Locations: Notting, Miami, Hollywood, LA, New York

☆ Most of Warren Buffett’s stock portfolio is tied up in just 5 stocks. Here’s what they are
▼ + stars: | 2024-05-04 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

Berkshire Hathaway reported Saturday its first-quarter 2024 figures, revealing that most of the conglomerate's stock portfolio is focused on just five stocks. At the end of the January-March period, Berkshire owned $135.4 billion in Apple shares , implying about 790 million shares. Apple has struggled this year, losing more than 4%, while the S & P 500 has soared 7.5% to record levels. The company also owned $24.5 billion in Coca-Cola stock — a longtime holding of Buffett's — and $19.4 billion in Chevron shares. Overall, these five positions made up about 75% of Berkshire Hathaway's stock portfolio.

Persons: Berkshire Hathaway, Warren Buffett, behemoth, Apple, — Organizations: Apple, American Express, Bank of America, Chevron Locations: Berkshire, Bank

☆ Michael Showalter on 'the Idea of You' Controversial Ending, 'Wet Hot'
▼ + stars: | 2024-05-04 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +12 min

Michael Showalter kept acting long after he realized he didn't want to do it anymore — mostly because he needed to eat. Showalter got his start in college doing sketch comedy as a member of The State (formerly The New Group). Fast forward roughly two decades and Showalter has found himself right where he was always meant to be. But as I grew older, it was a combination of I wasn't getting cast in things, but I also wasn't really needing to get cast in things. Is there any one moment where you realized acting wasn't what you loved doing?

Persons: Michael Showalter, Showalter, Michael Ian Black, Joe Lo Truglio, Thomas Lennon, Ken Marino —, he'd, didn't, wasn't, Baxter, he's, Sally Field, Kumail Nanjiani, Zoe Kazan, Oscar, Nanjiani, Jessica Chastain, Tammy Faye, Elizabeth Holmes, Amanda Seyfried, Holmes, Jennifer Westfeldt, Lee's, Anne Hathaway, Reid Scott, Ella Rubin, Nicholas Galitzine, Claudette Godfrey, Daniel Boczarski, You've, you've, … It's, Ivanov, Kevin Kline, I'm, Adam Jason Finmann, gee, Hayes, Alisha Wetherill, Nicholas, Nick, Cathy Schulman, He's, It's, Anne, Bernie Telsey, Maria Organizations: The, Business, MTV, Globe, BI, SXSW, Knitting Factory, Amazon, Netflix Locations: New Jersey, Austin, Hollywood , California

☆ Warren Buffett: We'll see how next management handles future investments in India
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWarren Buffett: We'll see how next management handles future investments in IndiaBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting.

Persons: Warren Buffett Organizations: India Berkshire Hathaway, Berkshire Hathaway Locations: India Berkshire

☆ Warren Buffett on Pilot dispute: 'All's well that ends'
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWarren Buffett on Pilot dispute: 'All's well that ends'Berkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. Buffett answers shareholder question about Berkshire Hathaway's dispute with Pilot.

Persons: Warren Buffett, Berkshire Hathaway, Buffett Organizations: Berkshire, Berkshire Hathaway Locations: Berkshire

☆ Warren Buffett cuts Berkshire's stake in Apple by 13% as iPhone sales slump
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWarren Buffett cuts Berkshire's stake in Apple by 13% as iPhone sales slumpBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. CNBC's Steve Kovach reports on the latest move of Berkshire Hathaway on Apple.

Persons: Warren Buffett, Berkshire Hathaway, CNBC's Steve Kovach Organizations: Apple, Berkshire, Berkshire Hathaway Locations: Berkshire

☆ Buffett says Berkshire sold its entire Paramount stake: 'We lost quite a bit of money'
▼ + stars: | 2024-05-04 | by ( Yun Li | ) www.cnbc.com time to read: 1 min

Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. — Warren Buffett revealed that he dumped Berkshire Hathaway's entire Paramount stake at a loss. "I was 100% responsible for the Paramount decision," Buffett said at Berkshire's annual shareholder meeting. "It was 100% my decision, and we've sold it all and we lost quite a bit of money"This is breaking news. Please check back for updates.

Persons: Warren Buffett, — Warren Buffett, Buffett, we've Organizations: Berkshire, Paramount Locations: Omaha , Nebraska, OMAHA, Neb, Berkshire

Search resuls for: "hathaway"

25 mentions found