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Warren Buffett has grown Berkshire Hathaway’s cash pile to more than $300 billion — a record high.The famed investor has halted stock buybacks and pared key holdings such as Apple and Bank of America.Buffett, 94, is facing a bargain drought and may be preparing to hand over control of Berkshire.…
Ex-Google CEO Eric Schmidt urged more AI development, even though it requires so much energy.AI models require enormous data centers that threaten goals to reduce carbon emissions.Schmidt said “we are never going to meet” the goals anyway, suggesting we let AI solve the problem. Former Google CEO Eric Schmidt says…
By Maya Gebeily and Laila Bassam BEIRUT (Reuters) – An apartment building in Beirut was hit by an Israeli airstrike on Monday, according to Reuters witnesses, in the first attack within city limits as Israel escalated hostilities against Iran’s allies in the region. The strike hit the upper floor of…
A colossal mansion in Manvel, Texas that sat vacant for more than 20 years is now thriving as a commercial building, including being part of a college campus. The “Manvel Mansion,” about 23 miles south of Houston, was built in 2001 by physician Ulysses Watkins. He and his wife started building…
A little bit of creativity can put a lot of extra money in your pocket.Business Insider has spoken to individuals who found ways to earn income outside their 9-to-5s. In some cases, they even turned their side hustles into full-time gigs.To get the gears turning, here are income-earning ideas from…
The West’s tightening sanctions are driving Russia nearly up against the wall — but Moscow keeps finding ways to keep the country’s economy going.Russia’s trade partners, too, are looking for ways to continue doing business with the country via alternative systems to rival the Western-led, US dollar-dominated global financial order.Discussions…
By Arsheeya Bajwa (Reuters) – Nations building artificial intelligence models in their own languages are turning to Nvidia (NASDAQ:)’s chips, adding to already booming demand as generative AI takes center stage for businesses and governments, a senior executive said on Wednesday. Nvidia’s third-quarter forecast for rising sales of its chips…
As traders approach another pivotal day for financial markets on Friday, August 23, 2024, a series of crucial economic data releases and a key speech from Federal Reserve Chair Jerome Powell are expected to sway market dynamics. The housing market will be in focus with building permits and new home…
Britain’s defense ministry is building a massive experimental facility to better understand how it can protect military aircraft against GPS jamming and other threats as the war in Ukraine shows the danger of electronic warfare.The new defense testing facility — expected to be one of the largest in Europe and…
China’s shipbuilding industry has been hard at work on a new class of amphibious assault ships, building the first ship of the class at an astonishingly quick pace.But the purpose of the large, advanced Type 076 warship may serve is still something of a mystery. In fact, there are still…
