Berkshire Hathaway Inc. (BRKa.N) has purchased nearly 121 million shares of HP Inc (HPQ.N), the latest in a series of large investments by the conglomerate controlled by billionaire Warren Buffett. The investment was worth about $4.2 billion based on HP's closing stock price of $34.91.
Project Kuiper aims to provide broadband connections using a constellation of 3,236 satellites. Amazon says its experience in shipping and making products like Echo and Kindle will be useful in producing and distributing these. The rockets will be made by Arianespace, Blue Origin and United Launch Alliance.
Facebook's new focus is the metaverse, a digital world that's guiding the creation of multiple virtual worlds. Companies like Microsoft, Google, Nike, Epic Games and others are already making moves around the Metaverse. It's becoming clear that acting now might be a huge differentiator for businesses across multiple industries.
Facebook parent company Meta is reportedly looking at finance products. The company is reportedly testing in-app tokens similar to Robux in popular children's game Roblox. Meta is also looking into posting and sharing NFTs on Facebook in May, according to a memo.
Google's Pixel 6 and 6 Pro phones have been beset by bugs and problems. The April update arrives on time, with fixes for key issues around charging, the camera and security. The update is rolling out "over the next week in phases depending on carrier or device," Google says.
Kate Woolley is the newest person to take the role of IBM channel chief. She started her new role in January. Woolley worked as IBM CEO Arvind Krishna's chief of staff for more than a year. She says her goal is to create an ecosystem of partners that love working with IBM.
Apple is working on an iPhone hardware subscription service. The service would let users essentially lease their device and get a new model annually. Apple’s rationale for doing this is very simple: making more money. The average iPhone user upgrades the device every three years. The company could make additional money if the program is tied to its high-margin Apple One digital services bundles.
Twitter has been working on an edit button since last year. The company shared a mock-up of the feature Tuesday. It will be tested first with Twitter Blue subscribers "in the coming months" Twitter added that it didn't get the idea from a poll, in apparent reference to Elon Musk.
Amazon announced what it says is the biggest rocket deal in the commercial space industry’s history, signing on with three companies for up to 83 launches of its Project Kuiper internet satellites. The technology giant signed contracts for 38 launches with United Launch Alliance, 18 launches with Arianespace, and 12 launches with Blue Origin.
MicroStrategy announced on Tuesday that its subsidiary MacroStrategy acquired 4,197 Bitcoin ($190.5 million) between February 15 and Tuesday, buying the coins at a weighted average price of $45,714. The firm and its subsidiaries now hold a total of 129,218 BTC, with a total aggregate purchase price at $3.97 billion and an average purchase price of$30,700 per BTC.
According to a recent survey, 28% of U.S. millennials polled said they expect to use cryptocurrency to support themselves in retirement, while 20% of Gen X and 17% ofGen Z respondents said the same. However, only 27% of those surveyed said that they understood a lot regarding cryptocurrencies, the lowest score among the eight concepts listed.
The Stanford Institute for Human-Centered Artificial Intelligence releases its AI Index every year. The report covers R&D, technical performance, ethics, policy, education, and the economy. The 22nd edition of the index was released this week. The index is a massive compendium of data and graphs that tries to sum up the state of artificial intelligence.