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A decades-long era is coming to an end as the iconic Warren Buffett announces that a new CEO will take his place. Beyond transforming a struggling business into one of the most valuable publicly traded companies in the world, his name is synonymous with value investing, patience, and humility. Although he will remain on the board of directors, this marks the beginning of a new era for Berkshire Hathaway.
Quantum computing is the next revolutionary scientific advance in today's technology market, alongside artificial intelligence (AI). New York-based IBM has decided to invest in computers that significantly reduce the time it takes to solve the most complex tasks. The strategic move of tens of billions came just weeks after the announcement of across-the-board tariffs to bring production back to the US. IBM is not only strengthening its position but responding to growing competition from the likes of Microsoft, Alphabet and Amazon.
The cooperation between Saudi Arabia's Saudi Aramco and China's BYD illustrates a strategic connection between giants from completely different industries, aimed at facilitating a smoother transition to sustainability. This is happening in a country where the primary source of income comes from the oil industry and electric vehicles are still a rarity. However, this trend is slowly beginning to change, and this collaboration could support Saudi Arabia in its sustainability program.
American company Intel has taken another significant step in its strategic journey to turn around its business. The newly appointed CEO is not wasting any time — just a few months after taking office, he is moving forward with the anticipated sale of a stake in the Altera chip unit. The goal is to refocus on more critical parts of the business and customer needs. While this could bring in much-needed cash, the company still faces other challenges, such as the ongoing trade war between the world’s largest economies.
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