annual shareholder meeting

Meta's CEO revealed plans to potentially enter the cloud computing market, leveraging massive AI infrastructure investments for excess capacity. The company is significantly boosting AI spending, aiming to monetize unused compute power by renting it out. This strategic move, alongside testing subscription plans for its AI services, signals Meta's ambition to tap into lucrative tech sectors.

Berkshire Hathaway, under new CEO Greg Abel, has significantly altered its investment strategy. Abel has more than tripled the stake in Alphabet (Google's parent company) and completely sold off Amazon shares, a departure from Warren Buffett's long-held tech aversion. Additionally, Berkshire made a substantial investment in Delta Airlines, another sector Buffett previously expressed skepticism about.

At Berkshire Hathaway's first AGM under CEO Greg Abel, the conglomerate signaled a cautious approach to AI, prioritizing clear value addition over industry hype. Abel emphasized AI's role in improving efficiency, safety, and decision-making, while Warren Buffett praised Apple and expressed confidence in Abel's leadership, assuring shareholders of Berkshire's enduring strength.

Warren Buffett lauded Apple CEO Tim Cook at Berkshire Hathaway's annual meeting, crediting him for the tech giant's immense growth. Buffett stated Apple wouldn't be the company it is today without Cook's leadership, highlighting his exceptional management of global relationships, customer satisfaction, and shareholder value. This praise comes as Cook prepares to step down later this year.

Netflix co-founder Reed Hastings has stepped down from the company's board after nearly three decades, marking the end of an era. Hastings emphasized his legacy lies in building a culture focused on long-term success and user delight, rather than a single decision. His departure allows co-CEOs Ted Sarandos and Greg Peters to lead the streaming giant.

Netflix co-founder Reed Hastings is stepping down from the board in June, concluding a nearly three-decade journey. He aims to focus on philanthropy, leaving behind a legacy of innovation and 'member joy.' This move follows the CEO transition to Ted Sarandos and Greg Peters.

Decision Taken In State Cabinet Meeting

Tech giants like Amazon, Microsoft, Meta, and Google face mounting pressure from investors demanding greater transparency on water usage and energy consumption for their data centers. Several projects have been abandoned due to local opposition, while investors seek detailed disclosures on resource management amid rising computing demands.

Amazon's Project Houdini initiative aims to significantly reduce data center construction times for AI development. By shifting assembly of server rooms and other key components to factories, the tech giant expects to cut months from build timelines and tens of thousands of labor hours. This modular approach will enable faster deployment of computing capacity to meet surging AI demand.

For the financial year ended March 31, 2026, TCS said the final dividend will be paid on the third day after the conclusion of its 31st Annual General Meeting.

US Treasury Secretary and Federal Reserve Chair urgently met with top bank CEOs to discuss Anthropic's new AI model, Claude Mythos Preview. This powerful AI can find software vulnerabilities, raising cybersecurity concerns for the financial system. Anthropic launched Project Glasswing to proactively fix flaws before attackers exploit them.

Oracle has initiated a new week by appointing Hilary Maxson as its new Chief Financial Officer, following recent widespread layoffs. This move comes as the software giant invests heavily in AI infrastructure, taking on significant debt. Maxson, with extensive financial experience, aims to ensure disciplined investment for customer and shareholder value amidst Oracle's ambitious cloud and AI expansion plans.