Leadership transitions, AI infrastructure developments, and economic headwinds shape the business landscape.
Key Points
Legendary investor Warren Buffett has stepped down as chairman of Berkshire Hathaway, with his son Howard Buffett succeeding him in the role.
Disney has appointed its first-ever chief technology officer, Karandeep Anand, as part of a broader corporate strategy to integrate artificial intelligence into its consumer products.
Huawei is aggressively accelerating its AI strategy, unveiling new computing clusters and UnifiedBus technology to reduce reliance on foreign chips amidst persistent US-imposed trade curbs.
New data shows that Chinese AI models are currently generating only about 10 percent of the revenue produced by US leaders like OpenAI and Anthropic, despite high valuations.
The SEC is reportedly seeking to reform the shareholder proposal process, a move that could limit the ability of activist investors to influence corporate social and environmental policies.
Mortgage rates have climbed to near 7 percent, reaching their highest levels since the start of the current administration, further pressuring the housing market.
Alibaba's research arm has open-sourced an advanced medical AI model capable of identifying nearly 150 abdominal conditions, including various forms of cancer.
Uber has agreed to pay $40 million to the parents of a woman who was fatally struck by a vehicle after an Uber driver ordered her and a friend to exit the car on a highway.