Streetbeat News

Corporate Responsibility

ACN

Accenture Plc CEO Julie Sweet stated that most firms are not ready for AI implementation due to inadequate data infrastructure and safety control systems. Despite keen interest in AI, concerns over data protection and AI model accuracy are delaying deployment. Accenture, which has invested in generative AI and collaborates with Microsoft on AI tools, sees this as a significant part of their future business. Sweet emphasized the need for companies to understand AI risks and manage them responsibly.

Portfolio Pulse from Ananya Gairola

December 20, 2023 | 10:32 am

AAPL

Apple Inc. has introduced a new generative AI technology called HUGS, which stands for Human Gaussian Splats. This technology can create a digital human avatar from a short video in approximately 30 minutes. The avatars are fully animatable and can be produced at a rendering speed of 60fps at HD resolution. The research was conducted in partnership with the Max Planck Institute for Intelligent Systems and underscores Apple's focus on AI as a central component of its products and future growth, as emphasized by CEO Tim Cook.

Portfolio Pulse from Ananya Gairola

December 20, 2023 | 10:05 am

LOGI

Logitech International (NASDAQ:LOGI) has been included in the Dow Jones Sustainability Index (DJSI) for Europe for the fourth consecutive year, recognizing its performance and continuous improvement in Environmental, Social, and Governance (ESG) criteria.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 8:23 am

GOOG

GOOGL

META

Google, under Alphabet Inc. (GOOG, GOOGL), is restricting election-related queries on its AI chatbot Bard and search generative experience ahead of the 2024 U.S. Presidential election. This follows Meta Platforms Inc. (META)'s decision to ban political campaigns from using its AI advertising products and to require disclosure of AI use in political ads. The moves reflect concerns over AI's role in spreading misinformation during elections.

Portfolio Pulse from Ananya Gairola

December 20, 2023 | 8:15 am

PRTC

PureTech Health has reported significant strategic and clinical progress in 2023 and expects multiple catalysts in 2024. The company has launched two new entities to advance programs from its wholly owned pipeline. PureTech's financial update indicates a strong balance sheet with around $320 million in cash and short-term investments, extending its operational runway into 2027.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 7:54 am

AAPL

BBY

TGT

WMT

Apple Inc. (AAPL) has instructed its customer service representatives not to direct customers to other retailers for purchasing Apple Watch Series 9 and Ultra 2 due to a patent infringement ruling by the ITC involving Masimo Corp. Despite the ruling, retailers like Walmart (WMT), Best Buy (BBY), and Target (TGT) can still sell the watches. Apple must halt sales by Christmas unless there is intervention from President Biden. JPMorgan analysts believe the financial impact on Apple may not be severe, and Masimo's CEO is open to settling the dispute.

Portfolio Pulse from Benzinga Neuro

December 20, 2023 | 7:53 am

BRK

The SEC has received a complaint against Berkshire Hathaway following the arrest of shareholder Peter Flaherty, who questioned Warren Buffett's connections with Bill Gates and Jeffrey Epstein. Flaherty, chairman of the NLPC, was detained for trespassing after raising the issue at a shareholder meeting. The NLPC has filed a complaint with the SEC, alleging that Berkshire Hathaway's actions violate rules and pose a risk to investors.

Portfolio Pulse from Benzinga Neuro

December 20, 2023 | 3:37 am

TOSBF

TOSYY

Toshiba Corp has been delisted from the Tokyo stock exchange after 74 years, marking the end of an era for the Japanese tech giant. The company faced a decade of scandals and has now been taken private following a $14 billion buyout led by Japan Industrial Partners. The consortium includes Orix Corp, Chubu Electric Power Co., and Rohm Co Ltd. Toshiba's future direction under CEO Taro Shimada may focus on high-profit digital services, and the company has already partnered with Rohm for a $2.7 billion investment in power chip production facilities. The delisting follows a successful tender offer for Toshiba's shares and the company's strategic importance to Japan's national security and employment.

Portfolio Pulse from Benzinga Neuro

December 20, 2023 | 3:24 am

AAPL

An Israeli soldier's life was saved when his iPhone, believed to be an iPhone X, stopped a bullet. Israeli Prime Minister Benjamin Netanyahu personally replaced the soldier's damaged phone with the latest iPhone 15, which features a USB-C slot. The incident was shared by the Living Lchaim account on X (formerly Twitter). Apple's iPhones and smartwatches have a history of life-saving incidents, though the company has not claimed their devices are bulletproof.

Portfolio Pulse from Ananya Gairola

December 20, 2023 | 2:49 am

AMC

AMC Entertainment has entered into a private exchange agreement, issuing 3,348,723 shares of Class A common stock in exchange for $25 million of its 10%/12% cash/PIK toggle second lien subordinated notes due 2026.

Portfolio Pulse from Charles Gross

December 19, 2023 | 10:02 pm