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BlockBeats report, May 3, Greg Abel, CEO of Berkshire Hathaway, stated at the annual shareholders meeting that the company has maintained a relatively cautious stance in using and managing artificial intelligence, which stands in sharp contrast to other CEOs who are actively reshaping or rebranding their businesses around AI. Abel said, "AI must deliver incremental value to our business. We will not use AI just for the sake of AI." He stated that Berkshire will deploy AI within a narrower scope, focusing on creating real value. He also pointed out that this technology presents certain risks to "human society," and that the company will take these factors into account as it moves forward. The construction of data centers and the resulting electricity demand on the grid are creating tremendous growth opportunities for utility companies. Energy demand still remains well below peak load capacity. Berkshire Hathaway held its annual shareholders meeting on May 2—the first since Warren Buffett handed the CEO position to Greg Abel at the beginning of the year. Before the meeting, Berkshire's latest financial report showed that its cash reserves had reached a record close to 400 billion USD.

Major large orders are displayed as horizontal lines on the K-line chart. The thicker the line, the larger the order amount; the longer the line, the longer the order has been open.

(1) On the Iranian side, Iran has submitted a proposal containing 14 items, demanding issues be resolved within 30 days. Iranian military officials stated they are fully prepared for potential US military actions, while the Deputy Foreign Minister indicated Iran is ready for both diplomatic engagement and confrontation. The Iranian Ministry of Foreign Affairs made it clear that it is necessary to resist the normalization of "piracy" by the United States. According to US media reports, Iran no longer requires the US to lift the blockade on the Strait of Hormuz before face-to-face negotiations in its latest negotiating proposal.(2) On the US side, Trump said it is possible to resume airstrikes against Iran, and noted that he "cannot imagine" the Iranian proposal would be "acceptable." Concerning the Strait of Hormuz, the Mediterranean Shipping Company introduced a new route to bypass the strait. Berkshire pointed out that insurance prices are the decisive factor and US military escorts are a prerequisite.(3) Other key developments: Data from oil tanker tracking agencies show Kuwait's crude oil exports in April were zero, the first time since the end of the First Gulf War. Iraq stated that once the Hormuz crisis ends, its oil production and exports can resume within a week. Additionally, an oil tanker off the coast of Yemen was hijacked by armed groups, Qatar Airways will resume flights to Iraq starting May 10, and the German Defense Minister responded to the US troop withdrawal by saying Europe must shoulder more responsibility for its own defense. Trump's tariff remarks, combined with the Iran conflict, continue to disrupt the global energy and trade landscape.