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posted by on Thursday February 16 2017, @06:20AM   Printer-friendly
from the the-wizard-of-omaha-is-never-wrong dept.

When Buffet speaks, people listen:

Warren Buffett's Berkshire Hathaway has sold off $900 million of Walmart stock, choosing to invest billions in airlines instead.

The sale, which leaves Buffett with nearly no shares in Walmart, comes as the US's largest traditional retailer has been rushing to catch up to Amazon and other online competitors.

Amazon's market value is now $356 billion, compared with Walmart's $298 billion. Last year, Buffett acknowledged that traditional brick-and-mortar retailers were struggling in the face of competition from the e-commerce giant.

Yes, but is he still long on Big Cola?


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  • (Score: 2) by darkfeline on Thursday February 16 2017, @06:31PM

    by darkfeline (1030) on Thursday February 16 2017, @06:31PM (#467907) Homepage

    >One requires a human to do some investigation

    The lesson you should take away from recent advances in AI is this: information always wins. So long as you have information that is not 100% random noise, it will be possible to analyze it automatically and extract every bit of information out of it. A medium resolution shot of your face is enough to identify you and correlate the time with the exact items you bought, if not today, then some day very soon from now.

    Privacy is unfortunately a losing battle against mathematics and statistics, in the same way DRM and intellectual property are losing battles. Information always wins.

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  • (Score: 0) by Anonymous Coward on Thursday February 23 2017, @12:59AM

    by Anonymous Coward on Thursday February 23 2017, @12:59AM (#470540)

    Privacy is unfortunately a losing battle against mathematics and statistics

    And we can't regulate the use of facial recognition by giant companies... because?* It would be awfully hard for them to hide its use, and there should be stiff penalties for using it.

    *Because they bribe our government.