Streetbeat News

Corporate Responsibility

AAPL

Apple Inc. (AAPL) has reportedly refused to increase its payments to Arm Holdings despite Arm's recent IPO and pressure from Arm's parent company, SoftBank. Apple maintains a payment of less than $0.30 per iPhone for Arm's intellectual property, which is significantly lower than what other clients like Qualcomm and MediaTek pay. Despite the push for higher payments, Apple's contribution to Arm's sales remains below 5%, and the contract between the two companies has been extended beyond 2040.

Portfolio Pulse from Benzinga Neuro

November 30, 2023 | 10:12 am

TSLA

Gordon Johnson of GLJ Research, a known Tesla bear, acknowledged Elon Musk's significant role in EV adoption despite criticizing his tactics and impact on society. Johnson highlighted Musk's risk-taking with EVs and his influence, but also his tendency to skirt the law and the negative effects of his actions. Tesla is set to deliver 1.8 million units this year, leading among EV makers, and is the most valued automaker globally. Tesla's stock closed down 1.05% at $244.14.

Portfolio Pulse from Shanthi Rexaline

November 30, 2023 | 8:58 am

NVDA

Nvidia CEO Jensen Huang, at the 2023 New York Times DealBook Summit, predicted that artificial general intelligence (AGI) could be a reality within five years. AGI refers to computers or software with human-level intelligence. Huang mentioned that current advancements in AI, including Nvidia's H-100 chips, are essential for chip production but acknowledged that AI has not yet surpassed complex human intelligence. Concerns about AGI include the spread of fake news and cyberattacks.

Portfolio Pulse from Benzinga Neuro

November 30, 2023 | 8:47 am

ASML

ASML's Supervisory Board plans to appoint Christophe Fouquet as President and CEO, with current Co-Presidents Peter Wennink and Martin van den Brink retiring on April 24, 2024. Jim Koonmen is set to join the Board of Management as Chief Customer Officer.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 8:38 am

IBM

IBM is collaborating with various international bodies, including NASA, Mohamed Bin Zayed University of Artificial Intelligence, the Government of Kenya, and the UK's STFC Hartree Centre, to apply its geospatial AI technologies to projects such as urban heat island mapping, reforestation, climate resiliency in aviation, and the development of a new AI foundation model for weather and climate.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 8:33 am

MSFT

The UNFCCC has partnered with Microsoft to utilize AI and data technology to monitor global carbon emissions, supporting the objectives of the Paris Agreement.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 8:29 am

TSLA

At the DealBook Summit, Elon Musk avoided discussing Tesla's upcoming Cybertruck launch, focusing instead on a range of other topics. Musk's brief comment on the Cybertruck highlighted its potential as the 'biggest product launch of anything by far on Earth this year.' The interview also covered Musk's confrontational response to a recent advertiser boycott of a company he acquired, where he dismissed concerns about the impact of the boycott.

Portfolio Pulse from Benzinga Neuro

November 30, 2023 | 8:22 am

AAPL

DIS

IBM

META

WBD

Linda Yaccarino, CEO of social media platform X, defended the platform's free speech stance after Elon Musk's confrontational remarks to boycotting advertisers at the DealBook summit. Musk, who apologized for an antisemitic tweet, told advertisers boycotting X to 'Go f*** yourself', including a direct comment to Disney CEO Bob Iger. X faces an advertiser boycott from major companies like Apple, Disney, IBM, Warner Bros. Discovery, and Washington Post, potentially losing over $75 million in ad revenue. Musk criticized the boycott and highlighted issues with Meta's Instagram.

Portfolio Pulse from Rounak Jain

November 30, 2023 | 7:59 am

TM

TSLA

UAW President Shawn Fain is targeting Tesla and Toyota in a bid to unionize their workers, highlighting the disparity between workers' pay and the wealth of CEOs like Elon Musk. The UAW has successfully negotiated with Detroit's 'Big Three' and is now focusing on Tesla (TSLA) and Toyota (TM), among other automakers. Fain's message emphasizes economic justice for workers living paycheck to paycheck, while companies and CEOs make billions. Senator Bernie Sanders supports the UAW's efforts to unionize 150,000 workers at non-union auto plants.

Portfolio Pulse from Anan Ashraf

November 30, 2023 | 3:48 am

MSFT

Sam Altman has been reinstated as CEO of OpenAI, with Microsoft Corporation (NASDAQ:MSFT) obtaining a non-voting observer role on OpenAI's board. This follows a period of internal turmoil at OpenAI, including Altman's unexpected departure, Greg Brockman's removal, and employee demands for leadership changes. Microsoft's new role provides greater insight into OpenAI, where it holds a 49% stake.

Portfolio Pulse from Ananya Gairola

November 30, 2023 | 3:01 am