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Masayoshi Son, CEO of Softbank Group Corp, emphasized the importance of artificial general intelligence (AGI) during the company's annual event, predicting that AGI will surpass human intelligence within a decade. Son's advocacy comes amid a global race to harness AI's potential, led by tech giants like Meta Platforms Inc and Alphabet Inc. Son also revealed his daily interactions with GPT-4, an advanced AI model. SoftBank is preparing to re-enter tech investments, with a shift from a $43.9 billion investment in FY 2021 to a more modest $4 billion in the last fiscal year.

Portfolio Pulse from Anusuya Lahiri

October 04, 2023 | 11:01 am

TSE

Jefferies analyst Laurence Alexander has downgraded Trinseo (NYSE:TSE) from Buy to Hold and lowered the price target from $22 to $9.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 11:00 am

META

JP Morgan analyst Doug Anmuth maintains an Overweight rating on Meta Platforms (NASDAQ:META) but has lowered the price target from $425 to $400.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 10:59 am

ON

Exane BNP Paribas analyst Jerome Ramel has downgraded ON Semiconductor (NASDAQ:ON) from Outperform to Neutral and set a price target of $95.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 10:58 am

TAP

B of A Securities analyst Bryan Spillane maintains a Neutral rating on Molson Coors Beverage (NYSE:TAP) and raises the price target from $70 to $72.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 10:58 am

SNN

Bernstein analyst Lisa Bedell Clive maintains an Outperform rating on Smith & Nephew (NYSE:SNN) but lowers the price target from $37 to $33.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 10:54 am

BLK

Wells Fargo analyst Finian O'Shea has maintained an Overweight rating on BlackRock (NYSE:BLK) but lowered the price target from $820 to $720.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 10:52 am

PPL

UBS analyst Daniel Ford has downgraded PPL (NYSE:PPL) from Buy to Neutral and set a price target of $25.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 10:52 am

FIBK

Wells Fargo analyst Steven Shaw has downgraded First Interstate BancSys (NASDAQ:FIBK) from Overweight to Equal-Weight.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 10:50 am

FHN

Wells Fargo analyst Timur Braziler has downgraded First Horizon (NYSE:FHN) from Overweight to Equal-Weight.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 10:48 am