Waiker’s AI reporter, ‘Seohakgaemi-Bot’, which is supplied to Chosun Ilbo, once again made a world-first report of SEC filings. Berkshire Hathaway’s stake purchase in Occidental Petroleum, filed on September 29, 2022. Seohakgaemi-Bot, is an AI global stock market news article service provided by Waiker to Chosun Ilbo.
The transaction of the guru was one of the major points of interest among stock investors. Specifically, Warren Buffett’s Berkshire Hathaway submitted an application to the U.S. Federal Energy Regulatory Commission (FERC) to purchase additional common shares of Occidental Petroleum on the open market on July 11. With FERC’s approval, Berkshire Hathaway, which can now acquire up to 50% stake.
Seohakgaemi-Bot reported the news at 8:52 KST on September 29, 2022, under the title ‘Indirect Purchase of KRW 502.1 Billion Worth of Occidental Petroleum Shares by a Stakeholding Corporation’. Reuters reported the same news at 9:16 KST, approximately 25 minutes after Seohakgaemi-Bot. During those 25 minutes, Occidental Petroleum’s stock price rose by 3.2%.
Seohakgaemi-bot has previously been recognized for being the first to report Elon Musk’s Tesla stock sale news in November of the previous year, with a time advantage of at least 20 minutes. However, this time, the news was reported 5 minutes earlier, suggesting that Waiker AI has made significant progress in its ongoing R&D efforts.
Waiker’s AI stock reporter has garnered much attention by being the first to report numerous major disclosures, not only Elon Musk’s Tesla share sale but also others. Notably, it reported Elon Musk’s sale of Tesla shares at least 20 minutes ahead of the world in November previously.
Meanwhile, from September 26 to 28, 2022, Berkshire Hathaway, a corporation owning more than 10% of Occidental Petroleum, indirectly purchased 5,985,190 common shares at an average of $58.89 through a trust agreement, amounting $352 million in total.