Waiker AI Leads Global Reporting of Warren Buffett’s $352M Occidental Petroleum Investment
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Waiker’s ‘Seohakgaemi-Bot,’ in partnership with Chosun Ilbo, demonstrated its advanced reporting capabilities by breaking news of Berkshire Hathaway’s stake purchase in Occidental Petroleum on September 29, 2022, outpacing Reuters by 25 minutes.
The AI system reported the $352 million transaction at 8:52 AM KST under the headline ‘Indirect Purchase of Occidental Petroleum Shares by a Stakeholding Corporation.’ Reuters followed at 9:16 AM KST, during which time Occidental Petroleum’s stock rose 3.2%.
The transaction involved Berkshire Hathaway purchasing 5,985,190 common shares at an average price of $58.89 through a trust agreement from September 26-28, 2022. This followed the July 11 FERC approval allowing Berkshire to acquire up to a 50% stake in the company.
This achievement builds on Seohakgaemi-Bot’s previous success in reporting Elon Musk’s Tesla stock sale in November 2021, showing improved performance with a 25-minute lead time compared to the previous 20-minute advantage.