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Warren Buffett’s best and worst investments | News, Sports, Jobs

OMAHA, Neb. — Billionaire investor Warren Buffett said last week that he wants to step down as chief executive of Berkshire Hathaway at the end of the year. The revelation came as a surprise because the 94-year-old had previously said he did not plan to retire. Buffett, one of the world’s richest people and most […]

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OMAHA, Neb. — Billionaire investor Warren Buffett said last week that he wants to step down as chief executive of Berkshire Hathaway at the end of the year. The revelation came as a surprise because the 94-year-old had previously said he did not plan to retire.

Buffett, one of the world’s richest people and most accomplished investors, took control of Berkshire Hathaway in 1965 when it was a textiles manufacturer. He turned the company into a conglomerate by finding other businesses and stocks to buy that were selling for less than they were worth.

His success made him a Wall Street icon. It also earned him the nickname “Oracle of Omaha,” a reference to the Nebraska city where Buffett was born and chose to live and work.

Here are some of his best and worst investments over the years:

Buffett’s Best

•   National Indemnity and National Fire & Marine: Purchased in 1967, the company was one of Buffett’s first insurance investments. Insurance float — the premium money insurers can invest between the time when policies are bought and when claims are made — provided the capital for many of Berkshire’s investments over the years and helped fuel the company’s growth. Berkshire’s insurance division has grown to include Geico, General Reinsurance and several other insurers. The float totaled $173 billion at the end of the first quarter.

•   Buying blocks of stock in American Express, Coca-Cola Co. and Bank of America at times when the companies were out of favor because of scandals or market conditions. Collectively, the shares are worth over $100 billion more than what Buffett paid for them, and that doesn’t count all the dividends he has collected over the years.

•   Apple: Buffett long said that he didn’t understand tech companies well enough to value them and pick the long-term winners, but he started buying Apple shares in 2016. He later explained that he bought more than $31 billion worth because he understood the iPhone maker as a consumer products company with extremely loyal customers. The value of his investment grew to more than $174 billion before Buffett started selling Berkshire Hathaway’s shares.

•   BYD: On the advice of his late investing partner Charlie Munger, Buffett bet big on the genius of BYD founder Wang Chanfu in 2008 with a $232 million investment in the Chinese electric vehicle maker. The value of that stake soared to more than $9 billion before Buffett began selling it off. Berkshire’s remaining stake is still worth about $1.8 billion.

•   See’s Candy: Buffett repeatedly pointed to his 1972 purchase as a turning point in his career. Buffett said Munger persuaded him that it made sense to buy great businesses at good prices as long as they had enduring competitive advantages. Previously, Buffett had primarily invested in companies of any quality as long as they were selling for less than he thought they were worth. Berkshire paid $25 million for See’s and recorded pretax earnings of $1.65 billion from the candy company through 2011. The amount continued to grow but Buffett didn’t routinely highlight it.

•   Berkshire Hathaway Energy: Utilities provide a large and steady stream of profits for Berkshire. The conglomerate paid $2.1 billion, or about $35.05 per share, for Des Moines-based MidAmerican Energy in 2000. The utility unit subsequently was renamed and made several acquisitions, including PacifiCorp and NV Energy. The utilities added more than $3.7 billion to Berkshire’s profit in 2024, although Buffett has said they are now worth less than they used to be because of the liability they face related to wildfires.

Buffett’s Worst

•   Berkshire Hathaway: Buffett had said his investment in the Berkshire Hathaway textile mills was probably his worst investment ever. The textile company he took over in 1965 bled money for many years before Buffett finally shut it down in 1985, though Berkshire did provide cash for some of Buffett’s early acquisitions. Of course, the Berkshire shares Buffett began buying for $7 and $8 a share in 1962 are now worth $809,350 per share, so even Buffett’s worst investment turned out OK.

•   Dexter Shoe Co.: Buffett said he made an awful blunder by buying Dexter in 1993 for $433 million, a mistake made even worse because he used Berkshire stock for the deal. Buffett says he essentially gave away 1.6% of Berkshire for a worthless business.

•   Missed opportunities. Buffett said that some of his worst mistakes over the years were the investments and deals that he didn’t make. Berkshire easily could have made billions if Buffett had been comfortable investing in Amazon, Google or Microsoft early on. But it wasn’t just tech companies he missed out on. Buffett told shareholders he was caught “sucking his thumb” when he failed to follow through on a plan to buy 100 million Walmart shares that would be worth nearly $10 billion today.

•   Selling banks too soon. Not long before the COVID pandemic, Buffett seemed to sour on most of his bank stocks. Repeated scandals involving Wells Fargo gave him a reason to start unloading his 500 million shares, many of them for around $30 per share. But he also sold off his JP Morgan stake at prices less than $100. Both stocks have more than doubled since then.

•   Blue Chip Stamps: Buffett and Munger, Berkshire’s former vice chairman, took control of Blue Chip in 1970 when the customer rewards program was generating $126 million in sales. But as trading stamps fell out of favor with retailers and consumers, sales steadily declined; in 2006, they totaled a mere $25,920. However, Buffett and Munger used the float that Blue Chip generated to acquire See’s Candy, Wesco Financial and Precision Castparts, which are all steady contributors to Berkshire.



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TNT Sports is approaching life support after WBD split

Monday morning, news broke that Warner Bros. Discovery (WBD) would be splitting into two companies: one that houses its TV and movie studio along with its Max (soon to be HBO Max) streaming service and another that houses its legacy assets, including the TNT Sports family of cable networks. It was an expected move. Last […]

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ReSpo.Vision lands €4.2M to democratise football analytics and immersive match content — TFN

For years, access to high-quality football tracking data and advanced match content has been limited to top leagues with multi-million euro budgets. Most clubs, federations, and broadcasters simply couldn’t afford the infrastructure or production costs required by traditional systems, which rely on multi-camera setups and on-site installations. This has left most of the football world, […]

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For years, access to high-quality football tracking data and advanced match content has been limited to top leagues with multi-million euro budgets. Most clubs, federations, and broadcasters simply couldn’t afford the infrastructure or production costs required by traditional systems, which rely on multi-camera setups and on-site installations. This has left most of the football world, especially women’s and youth teams, without the insights and experiences defining the modern game. ReSpo.Vision, a Warsaw-based deep tech sports startup, was established with a transformative mission.

 “Football, unlike other major sports, was lagging in adopting truly data-driven methods, especially beyond the top leagues,” explains CEO and co-founder Paweł Osterreicher. “We’re using AI to shatter that barrier — putting fans on the pitch, empowering broadcasters with next-gen storytelling tools, and equipping clubs and federations with elite tactical insight.”

The company has just raised €4.2 million in its latest funding round, bringing total funding to €7 million, as told exclusively to TFN. The round was led by VC funds Vinci and Smartlink, with participation from Premier League defender Jan Bednarek, Snowflake co-founder Marcin Zukowski, and Wayve co-founder Amar Shah.

“This funding is a strong endorsement of our vision to bring sport into a more interactive, intelligent era,” says Osterreicher. “Whether powering enhanced broadcasts, highlight reels, or second-screen experiences, we’re helping rights-holders deliver richer, more interactive content without costly production overheads. This funding will make these innovations accessible to competitions that historically lacked access to the latest data and analysis tools.”

Democratising elite analytics and immersive match content for all teams

ReSpo.Vision was founded by a diverse and experienced team — Paweł Osterreicher (CEO), Mateusz Szala (COO), Wojciech Rosiński (CTO), and Łukasz Grad (Chief Data Scientist). Their combined strategic, technical, and startup expertise and a shared passion for sport and technology ensure that ReSpo. Vision is bringing cutting-edge tech into football and making it accessible to all, regardless of club status.

“Our mission is to level the playing field by making elite insight and immersive match content available to every team, fan, and league. This round brings together world-class investors from deep tech, football, and media—and it’s a huge validation of our vision to change how sport is analysed, broadcast, and experienced,” Osterreicher tells TFN exclusively.

The founding team’s backgrounds include leadership roles at deepsense.ai and Boston Consulting Group and award-winning work in data science and machine learning competitions.

Behind ReSpo.Vision: AI-powered 3D tracking from any single camera

At the heart of ReSpo.Vision’s technology is a breakthrough use of computer vision and deep learning to extract highly detailed 3D tracking data from single-camera video feeds, such as standard sports TV broadcasts.

The system uses computer vision and deep learning to extract highly detailed 3D tracking data from single-camera video feeds, such as standard sports TV broadcasts. It can detect over 50 body points per player in 3D space with centimetre-level accuracy without wearables or expensive camera setups. This drastically reduces the cost of data capture, making analysis possible for more clubs and federations across the sporting world and at more levels of the football pyramid, including women’s and youth team games.

ReSpo.Vision’s technology can extract this data from existing footage, such as standard TV broadcasts or tactical recordings, unlocking advanced analytics for virtually any match anywhere in the world.

ReSpo.Vision transforms this data into tactical insights and performance analytics and then goes further to create new fan experiences. Their Digital Twin Technology enables hyper-realistic recreations of real-life matches, allowing fans to relive key moments from a player’s first-person perspective. Fans can experience a mazy dribble and goal through the eyes of a striker or witness a brilliant attacking move from the view of a defender left behind.

Other media tools include automated visual overlays, such as contextual in-game graphics, match stats, branded elements, and natural language interfaces that make complex analytics accessible through simple prompts.

ReSpo.Vision was recently certified by FIFA for data quality, placing it among a select few companies globally to meet the highest industry standards for accuracy. Its clients include global football stakeholders — from major international competitions like CONMEBOL Copa America 2024 to national associations such as the Polish FA and Danish FA, as well as individual clubs including UEFA Champions League winners and Serie A’s Parma Calcio. Leading sports analytics companies also rely on ReSpo.Vision’s data to power both performance analysis and fan-facing platforms.

Industry veterans and players back ReSpo.Vision’s vision

“As a player, I know how much of a difference the right data can make—in preparation, in performance, in understanding the game at a deeper level,” said Bednarek. “What stood out to me with ReSpo.Vision is that they’re making this kind of insight available not just to top clubs, but to leagues and teams everywhere. That’s something I really believe in, because better data means better football, at every level.”

Amar Shah added: “Any sports fan would cherish the experience of reliving iconic moments of a match from the perspective of a player right at the heart of the action. ReSpo.Vision makes this dream come true by combining cutting-edge computer vision, virtual reality, and graphics technologies.”

Bartosz Drabikowski, President of the Management Board of Vinci S.A., commented, “We support companies that create innovations and, on top of that, can successfully develop and export them. We consider this project to be very promising, both in terms of technology as well as investment. We also acknowledge the potential this solution has in the future. For instance, the possibility of future implementation of this technology in other industries, such as defence or medicine.”

Miroslaw Czekaj, President of the Management Board of Bank Gospodarstwa Krajowego, added: “Our investment in ReSpo.Vision is in line with BGK’s strategic goals of supporting innovative, scalable Polish technologies and building a strong knowledge-based economy. We are pleased that through the Vinci Fund, we can support the development of a company that has the potential to become a global ambassador of Polish technological thought and, at the same time, support key areas for public security.”

What’s next for ReSpo.Vision?

With the new funding, ReSpo.Vision will expand its offer to broadcasters, rights holders, and digital platforms, focusing on scaling global presence across more leagues and federations. It will launch new product lines — real-time visual overlays and immersive Digital Twins — and continue to develop its AI stack to support live data, fan engagement, and automated storytelling.

The company’s unique approach is already helping to open up elite-level analysis for those who previously lacked access, from underserved women’s and youth games to lower division clubs. Women’s football is a prime example — it’s growing faster than the men’s game, and technology has a vital role in continuing to close the gap.

ReSpo.Vision also aims to address a growing challenge in sports media: capturing the attention of younger audiences. Reports show that only 31% of global sports fans aged 18–24 watch full live matches, far lower than older demographics, with many younger viewers preferring short-form, interactive content.

ReSpo.Vision is helping democratise both elite-level analytics and next-gen storytelling, making them accessible across the entire football ecosystem.





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Phigolf Introduces Web3-Integrated Golf Platform and Smartwatch Sports Gaming System

Phigolf, a global leader in home golf simulation and sports motion technology, is preparing to launch two breakthrough innovations that will redefine interactive sports and connected fitness: the Phigolf Web3 version, a Web3-integrated golf experience, and Phi Connect, a smartwatch-compatible sports gaming platform. Torrance, California, United States, June 10, 2025 — Phigolf, a global leader […]

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Phigolf, a global leader in home golf simulation and sports motion technology, is preparing to launch two breakthrough innovations that will redefine interactive sports and connected fitness: the Phigolf Web3 version, a Web3-integrated golf experience, and Phi Connect, a smartwatch-compatible sports gaming platform.

— Phigolf, a global leader in home golf simulation and sports motion technology, is preparing to launch two breakthrough innovations that will redefine interactive sports and connected fitness: the Phigolf Web3 version, a Web3-integrated golf experience, and Phi Connect, a smartwatch-compatible sports gaming platform.

The Phigolf Web3 version enhances the company’s signature golf simulation system by incorporating Web3 elements, offering players a new layer of engagement through digital customization and community-based competition. Built on Phigolf’s widely loved swing tracking platform, this new version allows users to connect and participate in global tournaments in more immersive ways than ever before. The Web3 version will also introduce collectible digital assets that enhance user interaction and personalization, with plans to expand the experience to smartwatch users in future updates.

Phi Connect, the second upcoming release, is an API library that transforms smartwatches into motion controllers for a wide range of sports games. By utilizing wearable technology, users can enjoy golf, baseball, tennis, and more, all without additional hardware. Designed for seamless Bluetooth connectivity across both Android and Apple smartwatches and devices, Phi Connect makes it easier for developers to build motion-driven games and for users to enjoy intuitive, immersive gameplay on their existing devices. For developers, this provides a streamlined pathway to bring real-world movement into mobile games without requiring new sensors or peripherals.

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Since launching in 2017, Phigolf has become one of the most recognized brands in home golf tech, building a global user base of over 300,000 players. The company’s swing trainer has held the #1 Best Seller position in Amazon’s swing trainer category, and its technology continues to lead in motion-based sports performance and interactive game development. What began as a mission to help golfers improve their swing has grown into a broader platform for active play, connection, and well-being.

With the upcoming releases of the Phigolf Web3 version and Phi Connect, the company continues to expand its vision. Empowering users not just to improve their game, but to stay active and connected through meaningful, movement-based play.

For more information, visit https://phigolf.com or contact Phigolf at [email protected].

Contact Info:

Name: Younghun Kim

Email: Send Email

Organization: PhiNetworks

Phone: +82-70-7019-9017

Website: https://phigolf.com

Release ID: 89161300

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The Rising Tide of Sports Betting: Trends, Tech, and…

In recent years, sports betting has transformed from a niche hobby into a mainstream global phenomenon. As regulatory frameworks shift and digital technology advances, the industry has become more accessible than ever, drawing in millions of users from across the world. From local fans placing friendly wagers to serious punters analyzing stats with software tools, […]

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In recent years, sports betting has transformed from a niche hobby into a mainstream global phenomenon. As regulatory frameworks shift and digital technology advances, the industry has become more accessible than ever, drawing in millions of users from across the world. From local fans placing friendly wagers to serious punters analyzing stats with software tools, the betting landscape is evolving at breakneck speed.

The primary catalyst behind this surge is the global expansion of online betting platforms. In the past, bettors were limited to physical bookmakers or regional systems that restricted choice. Today, mobile apps and online platforms allow users to bet on events across dozens of sports—anytime and anywhere. Whether it’s football in the UK, basketball in the U.S., or cricket in India, fans can now place real-time bets with a few taps on their smartphones.

The role of technology cannot be overstated. Sophisticated algorithms, real-time data feeds, and AI-powered analytics have enabled punters to make more informed decisions. Live betting has gained traction, where odds update dynamically as the game progresses, adding a new level of excitement and strategy. Meanwhile, social betting—where users follow expert bettors or friends and mimic their wagers—is helping new users get involved with less risk.

In the broader context of international betting, many users have turned to offshore betting sites to access wider markets and higher odds. These platforms operate outside of domestic regulatory frameworks, offering services in regions where local laws may be restrictive or unclear. While this often means more freedom and a broader array of betting options, it also raises concerns about consumer protection, financial security, and responsible gambling oversight. Bettors must weigh the pros and cons carefully before using these services.

Legalization efforts in various parts of the world are further shaping the industry. The U.S., for example, has seen a wave of state-level legalization since the Supreme Court struck down the federal ban on sports betting in 2018. As a result, major sports leagues and franchises have formed partnerships with sportsbooks, bringing betting directly into the fan experience. In contrast, some countries still maintain strict prohibitions or government monopolies, creating a fragmented global landscape.

Another important trend is the integration of betting into live broadcasts and sports content. Broadcasters now offer odds overlays during games, exclusive betting shows, and in-depth betting insights. This fusion of content and betting helps drive user engagement, with fans feeling more invested in every play and decision. However, it also calls for increased awareness around responsible gambling, especially among younger audiences who are most active online.

Despite the meteoric rise, challenges remain. Regulatory uncertainty in key markets, concerns over match-fixing, and the need for robust responsible gaming frameworks all demand attention. The industry must strike a balance between innovation and integrity, ensuring that the thrill of betting does not overshadow ethical and legal responsibilities.

In conclusion, sports betting is undergoing a renaissance, fueled by tech advancements, global accessibility, and evolving consumer behavior. With more people engaging than ever before, the industry stands at a crossroads—poised for further growth, but also facing complex challenges. As the line between sports entertainment and betting continues to blur, stakeholders must collaborate to ensure a safe, fair, and transparent environment for all.





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Getty Images and Stability AI face off in British copyright trial that will test AI industry

By KELVIN CHAN and MATT O’BRIEN LONDON (AP) — Getty Images is facing off against artificial intelligence company Stability AI in a London courtroom for the first major copyright trial of the generative AI industry. Opening arguments before a judge at the British High Court began on Monday. The trial could last for three weeks […]

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By KELVIN CHAN and MATT O’BRIEN

LONDON (AP) — Getty Images is facing off against artificial intelligence company Stability AI in a London courtroom for the first major copyright trial of the generative AI industry.



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Op-Ed: Why AI Companies Should Pay Media Organizations For Their Content

Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. The New York Times inked a multi-year deal with Amazon last month to license its content to Amazon’s artificial intelligence models. Amazon will have access to The New York Times’ content, including NYT Cooking and its sports publication, The Athletic. Amazon’s […]

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Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™.

The New York Times inked a multi-year deal with Amazon last month to license its content to Amazon’s artificial intelligence models.

Amazon will have access to The New York Times’ content, including NYT Cooking and its sports publication, The Athletic.

Amazon’s AI services, such as Alexa, will produce real-time summaries and short excerpts. Similar to other news publishers, The New York Times views a licensing deal as a viable way to generate profits as AI companies attempt to siphon copyrighted content to train their chatbots.

Attitudes towards AI use, especially regarding news organizations, can be polarizing. Other publishers such as The Washington Post, Associated Press, and Axios have also signed deals with AI companies to license their content. A few years ago, AI companies were using copyrighted material without permission. Media company Ziff Davis and The New York Times sued OpenAI and Microsoft in 2023, alleging intellectual theft.

The Times’s decision to do business with an AI company feels like a departure from its initial thoughts on AI; the biggest difference is that the publication is being paid for its intellectual property. The majority of the litigation against OpenAI and other AI companies stems from allegations that they fail to properly credit the source of their information.

There are several reasons to be wary about AI, including its environmental impact, the potential for spreading misinformation, and its potential to alter the way we work. Artificial intelligence isn’t disappearing anytime soon though. It’s better for news organizations to be compensated for their work rather than allowing AI companies to continue scraping their content for free. It creates a chain of accountability and forces these companies to pay.

When a consumer uses AI to ask a question, chatbots provide the user with answers sourced from various news articles, making it less likely for the user to scroll through the publisher’s website to find the answer themselves. This licensing deal balances the scales between artificial intelligence and news publishers that are struggling to increase traffic and assures them a cut of the profits.

More artists and publishers should take note of this. OpenAI, Meta, Microsoft, and more are resistant to effective AI legislation because they don’t want to compensate people for their intellectual property. These deals could be a first step in artists demanding their own deals, not only to protect their art but also to ensure that these companies aren’t hoarding all the profits they make from their work.

We can’t allow them to train AI with our content for free. If AI companies wish to use our work, they need to pay us for it.





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