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China Urges Local Firms to Avoid Nvidia H20 Chips

China Urges Local Firms to Avoid Nvidia H20 Chips

Bloomberg3 days ago
Bloomberg's Caroline Hyde and Ed Ludlow discuss reports that China is urging its domestic companies to avoid using Nvidia H20 chips. Plus, Elon Musk accuses Apple of favoring OpenAI above other AI companies in its app store, even threatening possible legal action. And Circle CEO Jeremy Allaire discusses plans for new products as shares of the company soar following its earnings report. (Source: Bloomberg)
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Google is testing customizable calling cards for Android that show up when your friends call
Google is testing customizable calling cards for Android that show up when your friends call

Engadget

timea few seconds ago

  • Engadget

Google is testing customizable calling cards for Android that show up when your friends call

Google has started rolling out customizable calling cards for the beta versions of its Android Contacts and Phone apps. Android Authority found clues that the company was working on the feature back in July when it did an APK teardown. Now, you can give it a try if you decide to install the beta versions of the apps. As the publication notes, Google's implementation is the direct opposite of Apple's. On iOS, your set your own photo and name that you want to show up on other people's phones when you call them. You cannot alter other people's Contact Posters, as Apple calls the feature. Meanwhile, on Android, you can't make your own calling card. The feature instead gives you a way to set a photo and a name for your contacts that show up on your screen when they call you. If you do have access to the beta Contacts app for Android, you'll now see a note that says "Try adding a calling card" when you view a contact's details. From there, you can choose a photo you have of that contact from your gallery or take a new one of them with your camera. You can also adjust the font type and color for their name. Whenever they call, that calling card will take over your phone screen. If this sounds nothing new to you, it may be because Samsung has had a profile card feature for a while now that works just like Google's implementation. It's already widely available and accessible from your contacts' profile pages.

Warren Buffett's Berkshire Hathaway reveals new stake in beleaguered insurer UnitedHealth
Warren Buffett's Berkshire Hathaway reveals new stake in beleaguered insurer UnitedHealth

NBC News

time2 minutes ago

  • NBC News

Warren Buffett's Berkshire Hathaway reveals new stake in beleaguered insurer UnitedHealth

Warren Buffett's Berkshire Hathaway revealed a new stake in troubled insurer UnitedHealth last quarter, according to a regulatory filing, a surprising buy because of the company's current reputation, but perhaps not considering his history of bargain investing. The Omaha-based conglomerate bought more than 5 million shares in the health care firm for a stake worth about $1.6 billion at the end of June. The stake puts it as the 18th biggest position in the Berkshire portfolio behind Amazon and Constellation Brands, according to VerityData. Berkshire's equity portfolio is worth about $300 billion, so it is possible that Buffett's two investing lieutenants Todd Combs and Ted Weschler were more responsible for this purchase rather than the 'Oracle of Omaha' himself. Buffett said one of his investment managers was behind the Amazon investment in 2019. The insurer's stock shot up 6% in extended trading following Berkshire's disclosure. Shares of UnitedHealth were down nearly 50% for 2025 through Thursday's close before Buffett's filing. The largest private health insurer has become the face of a public blowback in this country against the rising costs of health care. UnitedHealth is currently facing a Justice Department investigation into its Medicare billing practices. In May, the company pulled its annual earnings outlook and CEO Andrew Witty stepped down. Last month, UnitedHealth gave a new 2025 outlook that was well short of Wall Street estimates, hitting the stock further. Buffett, who's turning 95 this month, has been critical of the healthcare system in the U.S., calling it a 'tapeworm' on the economy due to its high costs. In 2018, he, along with Jeff Bezos and Jamie Dimon, launched a joint venture to improve healthcare for their employees and potentially for all Americans, but it was eventually shut down. UnitedHealth isn't the only stock Berkshire picked up recently. In fact, the conglomerate also took small stakes in steel manufacturer Nucor, outdoor advertising company Lamar Advertising and security firm Allegion. Berkshire also got back into homebuilders Lennar and DR Horton. Shares of Nucor jumped nearly 8% in afterhours trading, while Lennar and DR Horton popped about 3% each. Buffett also pared his positions in Bank of America and Apple. The Apple stake was cut by about 7%. Berkshire's largest positions as of the end of the second quarter were Apple, American Express, Bank of America, Coca-Cola and Chevron. The legendary investor is stepping down as Berkshire CEO at the end of the year, handing over the reins to Greg Abel. Buffett will stay on as chairman of the board. It's still unclear who will be in charge of Berkshire's gigantic equity portfolio, though Buffett has alluded that Abel will be making all capital allocation decisions at the conglomerate. UnitedHealth attracted other buyers last quarter, according to filings, including Michael Burry and Appaloosa Management's David Tepper. Shares of the insurer are trading at a price-earnings ratio of just under 12, near its lowest in more than a decade. There was speculation regarding a mystery stock Buffett was buying as Berkshire had asked for permission to keep certain holdings secret last quarter. It turns out the secret stock was a combination of multiple positions and likely the stakes added in DR Horton, Nucor and Lennar 'A' shares.

Unable To Plan In 2025? Use AI To ‘Leave No Scenario Behind'
Unable To Plan In 2025? Use AI To ‘Leave No Scenario Behind'

Forbes

time2 minutes ago

  • Forbes

Unable To Plan In 2025? Use AI To ‘Leave No Scenario Behind'

During in-person discussions with boards and senior leaders in Asia, the Americas and Europe this summer, the directors and executives cited the inability to plan as their single greatest business challenge in 2025. Consequently, effective leaders are conducting robust scenario planning to avoid stagnation or delayed decision making as recent advances in generative AI change how they approach scenario development. Why are businesses unable to plan? The global leaders provided several concurrent challenges that make planning difficult: Said one senior executive recently, 'We used to have a core scenario in place with a handful of back-ups, but now we need to have literally hundreds of options on the table and know which one to follow at any given time. And the answer can change daily or weekly and vary by product line or country.' The role of scenario analysis: Rehearsing the future Peter Schwartz, a pioneer of scenario planning and author of The Art of the Long View, likened the use of scenarios to 'rehearsing the future.' Similar to rehearsing a theater production, the process of scenario development historically required a collaborative effort of numerous individuals and several days, weeks, or months of refinement before the scenarios were ready for their intended audience. This traditional approach to scenario development generally was time-consuming and resource intensive. The role of AI in scenario planning: 'No Scenario Left Behind' Recently in Silicon Valley, PruVen Capital Managing Partner Ramneek Gupta shared the concept of 'no scenario left behind.' He and his colleagues have been studying advances in scenario planning and funding solutions that could enable business leaders to leverage advanced AI such as large language models (LLMs) and large geotemporal models (LGMs). LGMs use frameworks that analyze and reason across both time and space to exhaustively simulate virtually any and every event and scenario. These AI models provide dynamic risk modeling and real-time simulations for a vast array of business scenarios, allowing business leaders to address the inability to plan. WTW's Jessica Boyd and Cameron Rye explain in a recent article that advances in generative AI tools have enabled the rapid generation of numerous scenario narratives across a wide range of disciplines. These models accelerate the traditional, resource-heavy process of scenario development, streamlining the steps while introducing novel perspectives that might be missed by human analysts. They help overcome the limitations of human imagination that occur when people overlook or underestimate potential risks that have not yet happened in historical data. This can reduce potential blind spots that otherwise leave organizations vulnerable to highly disruptive events. Already, AI breakthroughs have enabled the next stage of scenario planning using advanced language models in areas such as weather forecasting, including hurricane landfall predictions, as well as political and economic modeling. These models provide the opportunity to expand beyond the traditional exploratory scenarios that most businesses currently use. For example, normative scenarios (similar to a reverse stress test) can add significant value when they are built around specific business objectives. Further, within the UK and Europe, new regulations focused on financial institutions have sparked considerable attention on scenario testing (in the U.K.: Operational Resilience 2025 and in the EU: Digital Operational Resilience Act (DORA)). These rules have further increased the importance of well-developed and defined scenarios, including scenario testing with third parties. How to start scenario planning and conducting an impact analysis Recently, WTW's Laura Kelly explained how scenario building and impact analysis have become a crucial part of business planning and risk management. She suggests three key steps in scenario planning and impact analysis: Effective leaders are not halted by uncertainty but rather mobilize around it. They identify the broad range of scenarios that might occur in a given set of circumstances, prioritize the greatest risks as well as the solutions that can mitigate these risks, and enable the company to thrive.

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