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News on Medial
Buffett’s possible final shareholder Q&A. Where to watch BusinessToday
Business Today
·
3m ago
Medial
Warren Buffett, the 94-year-old investing legend, is expected to discuss key issues at the 2025 Berkshire Hathaway Shareholder Meeting. Topics include succession planning and changes in the company's highly observed portfolio. This event might be Buffett's final shareholder Q&A session, drawing significant attention from investors and stakeholders eager for insights into the future direction of Berkshire Hathaway.
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Elliot said to own 'large' stake in Warren Buffett’s favourite Sumitomo
Livemint
·
1y ago
Medial
Elliott Management has acquired a substantial stake in Sumitomo Corporation, one of Warren Buffett's preferred Japanese trading houses. The size of the activist hedge fund's investment is reportedly several tens of billions of yen, equivalent to a 0.2% stake in Sumitomo. Japan is a popular target for activist investors, and Elliott has previously targeted several Japanese companies. However, it is unclear when Elliott acquired its stake in Sumitomo and when discussions with the company took place. Berkshire Hathaway is also a significant shareholder in Sumitomo.
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India US trade - India remains one of the world’s most challenging major economies for protection and enforcement of IP, says USTR - India remains one of the world’s most challenging major economies for protection and enforcement of IP, says USTR BusinessToday
Business Today
·
3m ago
Medial
The United States Trade Representative (USTR) has placed India on its 'Priority Watch List' for 2025, highlighting it as one of the most challenging major economies regarding intellectual property (IP) protection and enforcement. The 2025 Special 301 Report indicates that despite efforts and increased US engagement, many longstanding IP concerns in India remain unresolved, showcasing areas where India must improve to ensure better compliance with global IP standards.
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Samsung Galaxy event Highlights: Galaxy Ultra Watch & Watch 7 launched
Livemint
·
1y ago
Medial
Samsung recently hosted its Galaxy Unpacked event, where it unveiled the Galaxy Ultra Watch and Watch 7. With this launch, Samsung aims to compete with Apple in the wearables market. The new high-end wearables boast a sleek design and similar features to the Apple Watch Ultra. Additionally, Samsung also introduced a smart ring as part of its wearable lineup. The company is making a strong push to establish itself as a top player in the wearable technology space.
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Why the Entire AI World Was Talking About "Q" This Week
Gizmodo
·
1y ago
Medial
OpenAI, post its recent power struggle, faced internal conflict triggered by the discovery of a program known as "Q-Star" or "Q*." Several employees reportedly wrote to the board about this "powerful AI discovery," claiming it could threaten humanity. The Q* program supposedly enabled an AI agent to perform grade-school-level math, seen as a breakthrough in creating artificial general intelligence (AGI). Speculations suggest Q* might be related to Q-learning, a subcategory of reinforced learning, allowing AI to learn optimal actions through trial and error. However, experts remain skeptical, emphasizing the challenges in AI solving math problems reliably.
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JioCinema’s New Viewership Milestone, Logs 62 Cr Reach In IPL 2024
Inc42
·
1y ago
Medial
JioCinema, the OTT platform led by Mukesh Ambani, experienced a significant increase in watch time during the IPL 2024, surpassing 35,000 crore minutes. Additionally, JioCinema's audience reach grew by over 38%, reaching a total of 62 crore viewers. This development follows reports of a possible merger between Reliance and Disney+Hotstar, combining the businesses of Viacom18 and Star India.
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Amazon unleashes Q, an AI assistant for the workplace
Arstechnica
·
1y ago
Medial
Amazon has launched Amazon Q, a new AI chatbot designed for corporate environments. Unlike consumer-focused chatbots, Q is built to assist employees with tasks such as document summarization, managing support tickets, and providing policy guidance. It serves as a programming assistant and is powered by a platform called Bedrock, integrating multiple AI systems including Amazon's Titan. Amazon Q is positioned against existing corporate AI tools like Microsoft's Copilot and Google's Duet AI, and is priced at $20 per user per month. Performance benchmarks for Q have not been disclosed.
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Fitch Ratings says it may cut some Adani Group bonds to junk status
Livemint
·
8m ago
Medial
Fitch Ratings is considering downgrading some bond ratings of the Adani Group to speculative territory following the charges against founder Gautam Adani in a bribery scheme. The US rating company will closely monitor the investigations, as the outcomes could indicate weaker corporate governance practices at the Indian conglomerate. Adani Group denies the allegations and asserts that its portfolio companies have enough liquidity to cover debt-servicing requirements for the next year. Fitch has placed Adani Ports & Special Economic Zone's bonds on watch for a possible downgrade and has also placed Adani Energy Solutions' long-term issuer default ratings on watch.
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US FTC was poised to reject Amazon acquisition of iRobot
Economic Times
·
1y ago
Medial
The Federal Trade Commission (FTC) was considering rejecting Amazon's $1.4 billion acquisition of robot vacuum maker iRobot due to EU antitrust concerns. However, before the decision was made, Amazon and iRobot announced the abandonment of the deal. The FTC had met with Amazon to discuss their recommendation to sue and block the acquisition, and a final meeting was scheduled before possible approval for a legal challenge.
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The big loser in Tesla’s shareholder vote is Delaware
Livemint
·
1y ago
Medial
Electric car giant Tesla's move to reincorporate in Texas goes beyond mere cost savings. By leaving Delaware, where two-thirds of S&P 500 companies are incorporated, Tesla CEO Elon Musk aims to challenge the state's dominance in corporate affairs. Musk's recent defeat in a Delaware court over his pay package valued at $46 billion may have influenced the move. Shareholders approved the plan to reincorporate in Texas, where the company is based and where officials offer lower taxes and a specialized business court system. The move could signal a shift in perception of Delaware's shareholder protections.
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India to gain vis-a-vis competitors from high tariffs imposed by US: NITI Aayog
Economic Times
·
25d ago
Medial
India could benefit from high tariffs imposed by the U.S. on competitors like China, Canada, and Mexico, according to NITI Aayog. The organization's Trade Watch report highlights potential gains for India in sectors such as minerals, fuels, apparel, electronics, and seafood, with a possible market size of $1,265 billion. Opportunities also exist in areas like pharmaceuticals and precious stones. India is finalizing a trade deal with the U.S. to further leverage these advantages.
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