Berkshire Hathaway Inc (BRYN.DU)
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Real estate brokerages granted final approval of landmark settlements with homebuyers
Keller Williams, RE/MAX, and Realogy got final court approval for three settlements amounting to $208 million that promise dramatic changes to real estate commissions across the US.
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Why IBM's CEO disagrees with Warren Buffett's stance on AI
At the annual Berkshire Hathaway (BRK-A,BRK-B) shareholders meeting, Warren Buffett spoke on a range of subjects including his concerns about AI. The CEO compared the dangers of AI's potential misuse to that of nuclear weapons. IBM (IBM) CEO Arvind Krishna joins Yahoo Finance Anchors Brian Sozzi and Akiko Fujita at the Annual Milken Global Institute Conference to discuss why he disagrees with Warren Buffett's stance on AI. Krishna dismisses the danger: "I actually have no such fear. So I'm putting it black and white. I think there's a lot of people who hypothesize, and as you have seen in many technologies, thinking that the rate of progress which has been 100 times over the last 3, 4 years, is going to be another 100 to 1000 times. But just for the current AI, we need this much infrastructure and power for it to be 100 to 1000 times...I think it's a little fantastical to keep predicting that it carries on on an exponential curve." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
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What investors can learn from Warren Buffett's latest remarks
Berkshire Hathaway Chairman and CEO Warren Buffett (BRK-A, BRK-B) spoke at the company's annual shareholders meeting on Saturday, May 4, in Omaha, Nebraska, The list of topics the "Oracle of Omaha" covered ranged from AI to Paramount Global's (PARA) ongoing acquisition talks with bidders. CFRA Vice President of Equity Research Cathy Seifert joins Wealth! to give insight into Warren Buffett's appearance and the key takeaways from his remarks. "I think investors can take away two key tenants: diversification and time is on your side. [Buffett] is not an active trader, he's definitely a buy-and-hold sort of investor," Seifert points out. "I think people might have been a little surprised at the large slug of Apple (AAPL) stock that Berkshire sold. I think that's an appropriate rebalancing, given how well the stock had done for the company. I mean, it hasn't done that great this year, but historically for Berkshire, it's done well." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
