Streetbeat News

Corporate Responsibility

MSFT

Microsoft Corp. has updated its terms of service for Bing Chat, powered by OpenAI's ChatGPT, to store the conversations of its users. The new terms, effective from September 30, state that Microsoft will process and store user inputs and outputs from the service for monitoring purposes and to prevent abusive use. However, Microsoft and OpenAI have clarified that they will not use this data to train Bing Chat. The new terms apply to non-enterprise users, while enterprise users' conversations will not be saved.

Portfolio Pulse from Rounak Jain

August 16, 2023 | 10:50 am

SSRM

SSR Mining has increased its secured revolving credit facility size to $400M from $200M, with an additional accordion feature of $100M. The facility has a renewed term of 4 years, maturing on August 15, 2027. The expanded facility will provide the company with flexibility for working capital and other general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 8:00 am

AAL

GOOG

Ark Investment Management analyst, Sam Korus, sees potential in AI reducing the aviation industry's environmental impact. He cited the example of American Airlines' 70 test flights using a Google-developed AI algorithm, which reduced condensation trails by 54%. Google's algorithm creates forecast maps for contrail formation locations, enabling pilots to avoid them. However, rerouting to avoid contrails resulted in a 2% increase in fuel consumption.

Portfolio Pulse from Anan Ashraf

August 16, 2023 | 3:48 am

MRCY

Mercury Systems has appointed Bill Ballhaus as its President and CEO, effective immediately. Ballhaus had been serving as the company's interim President and CEO since June 24, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 8:02 pm

DLO

dLocal has appointed Pedro Arnt as Co-CEO, who will work alongside Sebastián Kanovich. The company has not provided further details about this appointment.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 8:01 pm

EBR

Eletrobras CEO Wilson Ferreira has resigned, causing the company's shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 7:15 pm

GOOG

GOOGL

Alphabet Inc's YouTube has announced a new strategy to combat medical misinformation on its platform. The strategy will focus on three main areas: prevention, treatment, and denial. Content that contradicts widely accepted health advice will be removed. However, some content that breaches the new policy may remain online if it is deemed to be in the public interest.

Portfolio Pulse from Vandana Singh

August 15, 2023 | 6:33 pm

TCRT

Alaunos Therapeutics Inc (NASDAQ:TCRT) is refocusing its efforts on its hunTR TCR discovery platform and exploring strategic alternatives for the company. This includes winding down its TCR-T Phase 1/2 Library trial and reducing its workforce by 60%. The company has engaged Cantor Fitzgerald & Co as a strategic advisor. Alaunos' shares are down 64.6% at $0.14.

Portfolio Pulse from Vandana Singh

August 15, 2023 | 6:29 pm

EDBL

Edible Garden AG Inc (NASDAQ:EDBL) shares surged after the company received a grant from the United States Department of Agriculture Organic Certification Program. The funds will help reduce the cost of organic certification. The company is also involved in a research partnership with the New Jersey Institute of Technology, the USDA, and the EPA studying the impact of nanobubble technology on fresh produce food safety and processing procedures.

Portfolio Pulse from Shivani Kumaresan

August 15, 2023 | 5:55 pm