Streetbeat News

Corporate Responsibility

GOOG

GOOGL

META

MSFT

OpenAI has disbanded its superalignment team after key members, including co-founder Ilya Sutskever, departed. The team’s responsibilities have been integrated into broader research efforts. The departures have sparked debates over the company's focus on safety versus speed in AI development. The Biden Administration and tech giants like Meta, Microsoft, and Alphabet are actively addressing AI safety concerns.

Portfolio Pulse from Anusuya Lahiri

May 17, 2024 | 6:59 pm

BNED

Greenhaven is exploring a potential transaction with Barnes & Noble Education (BNED) and may continue discussions with the company's management and board regarding business strategies, capitalization, and operational issues.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 6:59 pm

BHP

GLDG

MUX

PLL

BHP may make a third bid for Anglo American before the regulatory deadline. McEwen Copper reports successful assay results, GoldMining elects directors, and Piedmont Lithium announces participation in upcoming industry conferences.

Portfolio Pulse from Austin DeNoce

May 17, 2024 | 6:37 pm

FMS

Investors are seeking clarity from Fresenius SE regarding its strategic control over Fresenius Medical Care (NYSE:FMS) after its recent deconsolidation. Despite operational improvements, Fresenius Medical Care's past challenges continue to impact Fresenius SE's share price. CEO Michael Sen is pushing for a realignment to strengthen the company's healthcare position.

Portfolio Pulse from Vandana Singh

May 17, 2024 | 5:13 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) will lay off 600 additional employees in California as part of its global restructuring strategy. The layoffs will affect various roles and departments in Fremont and Palo Alto.

Portfolio Pulse from Erica Kollmann

May 17, 2024 | 5:02 pm

BA

Boeing CEO emphasized that the safety review is just the beginning, not the end, during the annual meeting.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 3:35 pm

BA

Boeing shareholders have voted to re-elect CEO Dave Calhoun to the company's board during the annual meeting.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 3:27 pm

MSFT

OpenAI's superalignment team, focused on long-term AI risks, has disbanded following the departure of key members including Ilya Sutskever and Jan Leike. The team's work will be absorbed into other research efforts within OpenAI. This comes amid recent internal shakeups and the release of a new multimodal AI model, GPT-4o.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 3:08 pm

BA

Boeing's Chair, Mollenkopf, announced that the company has been seeking feedback from customers and stakeholders regarding their search for a new CEO. This was discussed during the annual meeting.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 3:07 pm

TSLA

Elon Musk has terminated most of Tesla's Supercharger team following a conflict with a senior executive. Despite the layoffs, Tesla plans to invest over $500 million to expand the Supercharger network. Tesla's stock has dropped 29% this year and is struggling to surpass the $200 mark, crucial for potential recovery.

Portfolio Pulse from Zaheer Anwari

May 17, 2024 | 1:03 pm