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Warren Buffett warns on AI, teases succession, and hints at possible investment during Berkshire Hathaway's annual meeting
“I trust my children and my wife totally, but that doesn’t mean I ask them what stocks to buy,” Buffett said. more
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Top Boeing executive weighs in on qualities the next CEO should have as the search for a new boss takes more twists and turns
In a note distributed to investors on Thursday, JPMorgan analysts recounted a recent meeting they had with Boeing CFO Brian West. more
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Crypto startups see rapid growth through ‘fluid valuations’ and decentralized cap tables — Bloomberg
Crypto startups are turbocharging valuations through aggressive fundraising methods that reflect renewed crypto industry investor appetite despite looming economic uncertainty. The post Crypto … more
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Boeing’s weakness has a lesser known rival from Brazil gearing up to compete, and American Airlines’ CEO is a fan
“Therefore, we have no doubt Embraer could develop an excellent jet to compete in the same class as the 737 Max and the A320neo, on budget, on time and at a fraction of the cost of the other OEMs." more
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Warren Buffett's Berkshire Hathaway sells 100 million Apple shares as cash pile and operating profit surge
Berkshire's investment in the iPhone maker is still the biggest one in the $364 billion portfolio at $135.4 billion. more
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Akita dog society turns to blockchain for pedigree certificates
Apart from forgery incidents, paper-based pedigree certificates suffer from various problems, like missing documents and overseas verification issues, according to the Akita Inu Preservation Society. … more
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Microsoft pledges $1.7 billion to improve Indonesia’s cloud, AI infrastructure
Most of the investment will be used to equip 840,000 Indonesians with AI skills, with an aim for nationwide upskilling program that will focus on women and youth from underrepresented communities. … more
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Wall Street watchdogs want another crack at clawing back big bonus payouts after executive misconduct
Last year’s banking turmoil reignited debate about holding executives accountable for bad decisions. more
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Rule tweak allows Tesla, EV makers to maintain tax-credit marketing push in car sales
Critics say the new rules amount to freebies for China. more
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Lack of supervision at psychiatric facility led to sexual assaults and a patient's escape to a pond: report
The state hospital has long struggled to address staffing shortages, overcrowding and other security lapses. more
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New Florida resident Jeff Bezos pumped $60 million into making lab-grown meat taste better. Ron DeSantis just banned it from the state
An announcement about the legislation went viral for reasons completely unrelated to meat of any kind: “It’s the worst picture of me,” a reality star says. more
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Airlines plead tech failure after government orders automatic refunds for wronged travelers
Frontier CEO said the airline industry’s technology may be a barrier to compliance. more
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Cybersecurity Is a Top Investor Concern
In the changing institutional investment landscape, top concerns include the shifting world order, demographic forces, and cybersecurity. Cybersecurity makes the list for many reasons, including … more
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Softer jobs report could ease pressure on inflation, but ‘one month does not make a trend,’ Glenmede says
Unemployment ticked up slightly, and wages rose less than expected. But is that a blip or a start of a trend? more
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Most Americans believe it will take over two decades to pay off their student loans
What some call the best four years of your life might end up leaving a decades-long aftertaste. more
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The Institutions Are Coming: The Dawn Of A New Era At This Year’s MicroStrategy World — Bitcoin For Corporations Conference
For the fourth year in a row, MicroStrategy Executive Chairman Michael Saylor shared his company’s Bitcoin playbook with Bitcoin-curious Fortune 1000 firms. more
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Time to Buy? MicroStrategy Stock Premium Shrinks After Bitcoin Pullback
MSTR still trades much higher than the value of the Bitcoin behind it, but one analyst believes fundamentals aren’t important for investors right now. more
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Jack Dorsey's Block Will Reinvest 10% of Bitcoin Profits Into BTC
After selling $2.7 billion worth of Bitcoin in Q1 2024, Jack Dorsey's Block unveiled a plan to reinvest Bitcoin-related profits into the coin. more
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OpenAI’s Sam Altman doesn’t care how much AGI will cost: Even if he spends $50 billion a year, some breakthroughs for mankind are priceless
Altman is more worried about how quickly society can adapt to the technology: “One thing we’ve learned is that AI and surprise don’t go well together.” more
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I couldn’t make a living wage when I was released from prison. Now I run a successful business
"Without entrepreneurship, I am not sure where I would be," writes inmate-turned-entrepreneur Claudia L. Shivers. more
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Google locks its search on your iPhone for $20 billion a year, government argues in epic monopoly case
In closing arguments, Google maintained that its ubiquity flows from its excellence, and its ability to deliver consumers the results that it's looking for. more
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Army releases unsettling ad with haunting, nightmarish images and subliminal messaging to fill its hardest vacancy: psyops
The Army’s Special Operations recruiters who recruit from already-serving soldiers say they are making about 75% of their overall goal, which is between 3,000 and 4,000. more
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Companies using AI have nearly doubled—but only to 5.4%, Census Bureau finds
Overall use of AI tools by firms in the production of goods and services is expected to rise to 6.6% by early fall, according to the bureau's Business Trends and Outlook Survey. more
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Fidelity: Pension Funds Exploring Bitcoin Investments on ETF Approval
Fidelity says pension funds are starting to explore Bitcoin investments, representing a seismic shift towards mainstream adoption. more
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Tether touts profits and new ‘compliance’ plan, loses transaction war with USDC
Tether claimed to have generated a profit of over $4.5 billion in the first three months of 2024, but while its gains seemed rosy, the USDT issuer still couldn't get a break from its alleged criminal … more
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