TechTaffy

tech:

taffy

Warren Buffett Invests In IBM, Intel, DirecTV

By TechTaffy Desk

 

By Adam E. John

Warren Buffettt has always avoided investing in technology sectors. Until recently, that is. Berkshire Hathaway has accumulated a 5.5 per cent stake (about 64 million shares) in IBM, Buffett said, speaking in a CNBC interview. The cost? $10.7 billion. Buffett said in the CNBC interview that his company started acquiring the shares from March this year, but did not share this with the IBM top brass, who were getting the news from the CNBC interview.

IBM is not the only company Buffett has invested in. Intel and DirecTV are two other tech sector companies he has invested in, according to Berkshire Hathaway’s quarterly filing with the SEC.

(Picture Courtesy: Wikipedia.org)

Just in

Around the web

Windows 11 Start menu ads are now rolling out to everyone — The Verge

Microsoft is starting to enable ads inside the Start menu on Windows 11 for all users, writes Tom Warren. 
Around the web

Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it — The Verge

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year, writes Lauren Feiner.
IT

IBM to acquire HashiCorp for $6.4B

IBM and HashiCorp have entered into an agreement for IBM to acquire HashiCorp, a provider of infrastructure and security management products, for $6.4 billion.
AI

OpenAI introduces new enterprise features

OpenAI announced new features aimed at enterprise users on Tuesday, at the wake of Meta's recent LLama 3 announcement.
Around the web

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.