Warren Buffett will step down as CEO of Berkshire Hathaway at year-end, with Vice Chairman Greg Abel set to assume leadership in 2026 as the conglomerate enters a new era after decades under Buffett’s direction.
OpenAI unveiled GPT-5.2, its new flagship model designed for agents, automation, and advanced coding tasks, with expanded reasoning controls and a higher API price point.
The EU fined Elon Musk’s X €120 million for misleading verification practices, prompting sharp criticism from U.S. officials who accuse Europe of unfairly targeting American tech companies.
Netflix has agreed to buy Warner Bros. Discovery for $27.75 per share in a deal valuing the transaction at $82.7 billion. The acquisition includes the Warner Bros. film studio and HBO Max, while WBD’s TV networks will be spun off separately.
Chinese EV maker Lixiang has introduced Livis smart glasses priced at ¥1,999, offering hands-free vehicle controls, built-in cameras, and an AI assistant as the company expands into consumer tech.
Transcend has suspended SSD manufacturing after losing access to NAND chips from Samsung and SanDisk, leaving the company without supply for months and signaling deeper strain in the consumer storage market.
Microsoft pushed back against a report claiming it reduced growth targets for its AI products, even as multiple sales teams reportedly missed aggressive goals for Azure’s Foundry platform.
Prada has finalized its $1.4 billion purchase of Versace, bringing the iconic fashion house under its umbrella after years of pursuit and securing full regulatory approval.
Netflix has reportedly made a largely cash offer to acquire Warner Bros. Discovery in a deal valued at roughly $59 billion, positioning the streaming giant to gain control of HBO, CNN, and the Warner Bros. film studio.
Goldman Sachs agreed to purchase Innovator Capital Management for about $2 billion, adding 159 defined-outcome ETFs and $28 billion in supervised assets to its expanding asset management business.
Apple has appointed former Microsoft and Google DeepMind executive Amar Subramanya to lead its AI division as longtime AI chief John Giannandrea steps down, marking the company’s most significant AI leadership shake-up in years.
Alibaba released its new Quark AI smart glasses priced from $265 to $536, signaling a major push into consumer AI hardware as global competition with Meta heats up.
Puma shares jumped sharply after reports that Anta Sports and other Asian athletic brands are exploring a potential acquisition of the German sportswear company.
Nvidia shares fell after reports that Meta is considering buying Google’s AI chips, raising concerns that the industry’s largest GPU buyer may diversify away from Nvidia.
Elon Musk released a video showing Optimus robots performing roles from construction to medicine, fueling debate over Tesla’s broader ambitions in humanoid automation. The company has not clarified the clip, but prior comments suggest Musk sees robots as central to future economic productivity.