MAJOR

Buffett's Shareholder Letter: Will always invest the vast majority of funds in stocks, last year the value of traded stocks held fell to 272 billion dollars

ChainCatcher news, according to Jinshi reports, Buffett published his annual shareholder letter, in which he mentioned that the value of tradable stocks held last year decreased from $354 billion to $272 billion, but the value of non-listed equity holdings increased and remains far above the value of the tradable stock portfolio. We will always invest the vast majority of their funds in stocks—mainly U.S. stocks, although many of these companies have significant international operations. Berkshire will never be more inclined to hold cash equivalents and give up holding equity in quality businesses, whether controlling or partial stakes.In 2024, Berkshire's performance exceeded expectations, despite 53% of its 189 operating companies reporting a decline in earnings. Due to the increase in U.S. Treasury yields, there was a significant increase in holdings of these highly liquid short-term securities, resulting in a foreseeable substantial increase in investment income.Berkshire has been continuously increasing its borrowings denominated in yen, but not following any fixed pattern. All borrowings are at fixed rates, with no "floating rate" borrowings. There is no forecast for future foreign exchange rate trends, thus striving to maintain a nearly neutral position in terms of currency.

Alibaba CEO: Increase investment in three major AI areas in the next three years

ChainCatcher news, according to Jin10 reports, during the Q3 fiscal year 2025 earnings call, Alibaba Group CEO Wu Yongming stated that while continuing to focus on three major business types: domestic and international e-commerce, AI + cloud computing technology business, and internet platform products, Alibaba will increase investment in three areas centered around the AI strategic core over the next three years:First, investment in AI and cloud computing infrastructure construction. The AI era has a clear and enormous demand for infrastructure, and the investment in cloud and AI infrastructure over the next three years is expected to exceed the total of the past decade.Second, investment in AI foundational model platforms and AI-native applications. AI foundational large models are of great significance for the transformation of industry productivity. Alibaba will significantly increase R&D investment in AI foundational models to ensure technological advancement and industry leadership, and promote the development of AI-native applications.Third, investment in the AI transformation and upgrading of existing businesses. For e-commerce and other internet platform businesses, the upgrade of AI technology will bring tremendous opportunities for enhancing user value. Therefore, Alibaba will continue to increase R&D investment in AI applications and computing power, using AI to deeply transform and upgrade various businesses, seizing new development opportunities in the AI era.
2025-02-20
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