Streetbeat News

Corporate Responsibility

GOOG

GOOGL

MSFT

Sundar Pichai, CEO of Alphabet Inc., responded to Microsoft CEO Satya Nadella's comments about making Google 'dance' with the introduction of the new Bing, powered by OpenAI's ChatGPT. Pichai emphasized the importance of not being swayed by competitors' moves. Despite being initially caught off guard by the launch of ChatGPT, Google is catching up by leveraging its user base and intensifying AI efforts, including developing its own AI chips and enhancing Google Workspace with AI.

Portfolio Pulse from Ananya Gairola

May 11, 2024 | 1:52 pm

DIS

HTZ

NVDA

PLTR

SBUX

Benzinga's weekly review highlights bullish and bearish perspectives on stocks like Nvidia, Starbucks, Palantir, and insights into meme coin investments. Key financial indicators and upcoming events, such as the Consumer Price Index report and a speech by the Federal Reserve Chair, are also noted. Bullish views include Palantir's buying opportunity post-Q1 earnings, Disney's DTC unit's profitability, and an investor's success with meme coins. Bearish takes involve Hertz's wrongful Tesla refueling charge, Starbucks' sales slump due to Middle Eastern policy backlash, and a significant Nvidia stake sale by a former Soros fund manager.

Portfolio Pulse from Michael Cohen

May 11, 2024 | 1:25 pm

AAPL

GOOGL

OpenAI COO Brad Lightcap stated it's too early to assess AI's full economic impact, noting the technology's potential has not yet significantly transformed the economy. Jerome Powell also remarked on AI's future role in productivity growth. OpenAI is expanding its enterprise business, including selling ChatGPT to corporate clients. Apple Inc. is reportedly integrating ChatGPT into iPhones, while OpenAI CEO Sam Altman hinted at new developments but denied rumors of a search engine or launching GPT-5.

Portfolio Pulse from Ananya Gairola

May 11, 2024 | 7:25 am

BMBL

Whitney Wolfe Herd, founder of Bumble Inc. (NASDAQ:BMBL), discussed the potential of AI in revolutionizing the online dating industry at the Bloomberg Technology Summit. She proposed an 'AI dating concierge' to help users with insecurities and even go on dates, aiming to alleviate pressure and foster healthy relationships. Herd's vision comes after her resignation as CEO in January 2024, with significant changes under new leadership, including altering the app's messaging requirements.

Portfolio Pulse from Rounak Jain

May 11, 2024 | 6:17 am

TSLA

Morgan Stanley analyst Adam Jonas highlights the significance of Tesla Inc's upcoming shareholder meeting, focusing on a vote regarding CEO Elon Musk's pay package, which could influence the company's long-term strategy and stock volatility. The package, previously rescinded by a Delaware court, is crucial for Musk's potential 25% voting block, impacting Tesla's AI development and overall market position. The meeting will also consider relocating Tesla's incorporation from Delaware to Texas.

Portfolio Pulse from Anan Ashraf

May 11, 2024 | 6:09 am

UONE

UONEK

Urban One has disclosed material weaknesses in its internal control over financial reporting, expecting some controls to be ineffective as of December 31, 2023, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:51 pm

AUVI

Applied UV (AUVI) announced the resignation of Brian Stern and Dallas Hack as board members, and Eugene Burleson as Chairman of the Board.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:35 pm

CPG

Crescent Point Energy Corp. has officially changed its name to Veren Inc., with shareholder approval at its AGM on May 10, 2024. Shares of Veren are set to trade under the new symbol 'VRN' on the TSX and NYSE starting around May 15, 2024. A new website will also be launched to reflect the change.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:17 pm

AAPL

Apple Inc is revamping Siri, focusing on improving its conversational abilities, following executives' exposure to OpenAI's ChatGPT. This move is part of a broader AI reorganization aimed at enhancing Apple's competitive edge in the smartphone market. Despite its technological advantages, Apple faces challenges in AI strategy development and talent retention. The updated Siri is expected to debut at Apple's developers conference.

Portfolio Pulse from Henry Khederian

May 10, 2024 | 7:57 pm

XPOF

Xponential Fitness shares dropped following the announcement of CEO Anthony Geisler's indefinite suspension and the company's cooperation with an investigation by the USAO for the Central District of California and the SEC.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 7:36 pm