annual shareholder meeting

Walmart shareholders rejected a proposal urging a report on US immigration policy's impact on operations. The proposal cited potential workforce and supply chain risks due to policy shifts. Walmart stated it hasn't faced significant disruptions, noting its limited reliance on employment-based visas for specialized roles.

Walmart shareholders rejected a proposal urging the retail giant to report on AI's impact on employee well-being. The investor group United for Respect sought details on how Walmart measures AI's effects on jobs, pay, and training. Despite Walmart's significant AI investments, the company stated existing disclosures suffice, leading to the proposal's defeat.

LinkedIn co-founder Reid Hoffman is stepping down from Microsoft's board after nearly a decade. His departure, effective at the year-end shareholder meeting, is driven by a desire to fully focus on his AI healthcare startup, Manas. Microsoft confirmed no disagreements prompted his decision, highlighting his significant contributions during his tenure.

Chip giant TSMC's CEO C.C. Wei acknowledges immense AI demand. He states meeting this demand will take years. Wei also mentioned TSMC will not follow memory chip makers' aggressive pricing strategies. He highlighted that production in the US will also take a very long time to satisfy customer needs. Autonomous vehicles and robotics are seen as future growth drivers.

Meta's CEO revealed plans to potentially enter the cloud computing market, leveraging massive AI infrastructure investments for excess capacity. The company is significantly boosting AI spending, aiming to monetize unused compute power by renting it out. This strategic move, alongside testing subscription plans for its AI services, signals Meta's ambition to tap into lucrative tech sectors.

Nandan Nilekani is poised for a third term as Infosys chairman. His focus will be on succession planning, with rules requiring his exit at 75. The company is strengthening its leadership bench. Nilekani also faces the challenge of preparing Infosys for the evolving AI-driven technology landscape. This ensures stability and future growth for the IT giant.

Microsoft is enhancing human rights and security measures following an internal review into the Israeli military's use of its cloud technology for Palestinian surveillance. The company will strengthen oversight of national security projects and employee security clearances, introducing new checks for sensitive contracts and regular compliance reviews.

GitLab is laying off 14% of its workforce and exiting 22 countries as part of a restructuring to focus on the "agentic era" of software development. CEO Bill Staples stated that savings will be reinvested into AI products, particularly the Duo Agent Platform, to position GitLab as the enterprise platform for AI-driven software creation.

Berkshire Hathaway, under new CEO Greg Abel, has significantly altered its investment strategy. Abel has more than tripled the stake in Alphabet (Google's parent company) and completely sold off Amazon shares, a departure from Warren Buffett's long-held tech aversion. Additionally, Berkshire made a substantial investment in Delta Airlines, another sector Buffett previously expressed skepticism about.

At Berkshire Hathaway's first AGM under CEO Greg Abel, the conglomerate signaled a cautious approach to AI, prioritizing clear value addition over industry hype. Abel emphasized AI's role in improving efficiency, safety, and decision-making, while Warren Buffett praised Apple and expressed confidence in Abel's leadership, assuring shareholders of Berkshire's enduring strength.

Warren Buffett lauded Apple CEO Tim Cook at Berkshire Hathaway's annual meeting, crediting him for the tech giant's immense growth. Buffett stated Apple wouldn't be the company it is today without Cook's leadership, highlighting his exceptional management of global relationships, customer satisfaction, and shareholder value. This praise comes as Cook prepares to step down later this year.

Netflix co-founder Reed Hastings has stepped down from the company's board after nearly three decades, marking the end of an era. Hastings emphasized his legacy lies in building a culture focused on long-term success and user delight, rather than a single decision. His departure allows co-CEOs Ted Sarandos and Greg Peters to lead the streaming giant.

Netflix co-founder Reed Hastings is stepping down from the board in June, concluding a nearly three-decade journey. He aims to focus on philanthropy, leaving behind a legacy of innovation and 'member joy.' This move follows the CEO transition to Ted Sarandos and Greg Peters.

Decision Taken In State Cabinet Meeting

Tech giants like Amazon, Microsoft, Meta, and Google face mounting pressure from investors demanding greater transparency on water usage and energy consumption for their data centers. Several projects have been abandoned due to local opposition, while investors seek detailed disclosures on resource management amid rising computing demands.

Amazon's Project Houdini initiative aims to significantly reduce data center construction times for AI development. By shifting assembly of server rooms and other key components to factories, the tech giant expects to cut months from build timelines and tens of thousands of labor hours. This modular approach will enable faster deployment of computing capacity to meet surging AI demand.

Tim Cook, CEO of Apple, recently attended the annual shareholders meeting of Berkshire Hathway and said that he was “thrilled” that Buffet is an investor in Apple.

For the financial year ended March 31, 2026, TCS said the final dividend will be paid on the third day after the conclusion of its 31st Annual General Meeting.

US Treasury Secretary and Federal Reserve Chair urgently met with top bank CEOs to discuss Anthropic's new AI model, Claude Mythos Preview. This powerful AI can find software vulnerabilities, raising cybersecurity concerns for the financial system. Anthropic launched Project Glasswing to proactively fix flaws before attackers exploit them.

The company's "Battery Day", where it is expected to reveal significant advances in battery technology will also be held on the same day, Tesla said

Elon Musk has stated that the upcoming shareholder vote is about ensuring his influence over Tesla, particularly concerning the safety of millions of robots the company plans to build. He expressed concerns about activist shareholder advisory firms potentially removing him in the future. Tesla urges shareholders to vote in line with the Board's recommendations, emphasizing the company's critical growth phase.