Berkshire Hathaway Posts $11.35 Billion Earning

    Berkshire Hathaway Inc.’s cash pile jumped to its highest level ever, reaching $397 billion, inGreg Abel’s first quarter as chief executive officer. Bloomberg Intelligence Senior Analyst Matthew Palazola joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss. (Source: Bloomberg) Source link

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    Stablecoin Giant Tether Launches Toolkit for Building Local, Offline AI Apps

    In brief Tether has launched QVAC SDK, an open-source software development kit for running AI applications locally on devices. The cross-platform toolkit supports text generation, speech processing, translation, and vision capabilities. CEO Paolo Ardoino positioned the move as preparation for a world with “billions of autonomous machines and trillions of AI agents.” Tether, the company…

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    BIS Warns on Stablecoin Risks, Urges Global Coordination

    The Bank for International Settlements (BIS) general manager, Pablo Hernández de Cos, called for tighter global coordination on stablecoins Monday, warning that US dollar-denominated tokens could have “material consequences” for financial stability and economic policy if they grow large enough to rival traditional money.  Speaking at a Bank of Japan seminar in Tokyo, he said…

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