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Berkshire Vice Chairman Greg Abel speaks with shareholders during the Berkshire Hathaway Inc. annual shareholders' meeting

Berkshire Hathaway reports drop in quarterly profit on insurance operations weakness

By Auzinea Bacon, CNN (CNN) — Berkshire Hathaway (BRK.B), which wrapped up its final year under Warren Buffett’s leadership, reported Saturday that operating earnings for the fourth quarter totaled $10.2 billion, down 29.8% from last year, on weakness from its insurance business. Last year’s operating earnings totaled about $44.5 billion, down 6% from the previous

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AI is gobbling up the world’s memory chips, sending smartphone prices to record highs, report says

By Stephanie Yang and Wayne Chang, CNN Taipei, Taiwan (CNN) — A global shortage in memory chips sparked by artificial intelligence has dealt a “tsunami-like shock” to the smartphone industry, pushing prices to all-time highs, according to a new report. A worsening shortfall of memory components is expected to put phone manufacturers out of business

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Anthropic CEO Dario Amodei in Davos

Trump administration orders military contractors and federal agencies to cease business with Anthropic

By Hadas Gold, CNN (CNN) — The Trump administration ordered federal agencies and contractors that work with the military to cease business with Anthropic after the company refused to allow the Pentagon to use its artificial-intelligence technology without restrictions. Government agencies, including the Pentagon, have six months to phase out use of Anthropic’s products, President

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