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AI & Enterprise

What happens as software development costs move toward zero?

Mike Vernal, an investor and engineer at Conviction, likened the future of the software industry to changes in the newspaper business after the internet. He said newspapers split between top global brands and individual operators as distribution costs fell. Vernal said AI could push software the same way by driving development costs toward zero and weakening moats such as high build costs, switching costs and network effects. He argued scale, brand and rapid reinvestment would matter more.

AI & Enterprise

Berkshire CEO steps up $10 billion bet on Alphabet with two-track investment in AI and power infrastructure

Berkshire Hathaway is expanding its investment in Alphabet, betting on growth in the artificial intelligence industry while also seeking gains from rising power demand from data centres. Greg Abel, Berkshire\'s CEO, said the company sees Alphabet as a key AI player and also expects indirect benefits as Berkshire Hathaway Energy supplies electricity to data centres. Berkshire approved an additional $10 billion Alphabet purchase and plans large energy infrastructure spending through 2026.

AI & Enterprise

Liner launches investment research AI agent Liner Finance

Global AI agent startup Liner has launched Liner Finance, an AI agent for investment market research, it said on Wednesday. The service collects and structures corporate filings, latest news and market data to help investors understand companies and market trends. It offers information on U.S. and South Korean stocks and related exchange-traded funds, available on the web and mobile apps. Key information is updated about every 20 minutes.