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Corporate Responsibility

IQ

'China's Netflix', iQiyi Inc. (NASDAQ:IQ), is shifting its focus towards the aging population in China by leveraging artificial intelligence (AI) to enhance content production. The company aims to cater to older users' needs and improve content quality for children, considering the demographic changes in China. iQiyi, which recently turned profitable, is also looking to expand its business overseas as growth in China moderates. This strategy includes integrating AI tools to replicate multi-camera shots and analyze novels for production-worthy stories.

Portfolio Pulse from Benzinga Neuro

April 23, 2024 | 10:35 am

FWRD

Forward Air Corporation has appointed Shawn Stewart as its new CEO and Director of the Board, effective April 28. This leadership change could signal a new strategic direction or continuity in operational excellence for Forward Air.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:32 am

CLNE

Clean Energy Fuels Corp. (NASDAQ:CLNE) has announced the completion of its renewable natural gas (RNG) facility at Victory Farms Dairy in Revillo, South Dakota, which is now injecting pipeline quality RNG into the interstate natural gas infrastructure.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:31 am

TSLA

Gene Munster, managing partner at Deepwater Asset Management, expressed astonishment at the widespread use of AI for cheating among high school students but believes embracing AI is crucial for future job market success. Elon Musk agreed with Munster's perspective. A survey found 44% of teens likely to use AI for schoolwork, with 60% considering it cheating. Usage of AI tools like ChatGPT in education has surged, indicating a shift in how students approach learning and homework.

Portfolio Pulse from Ananya Gairola

April 23, 2024 | 10:23 am

AAPL

GOOGL

MSFT

Microsoft Corp. has introduced Phi-3 Mini, a new AI model with 3.8 billion parameters, marking it as the smallest yet in its Phi series, and comparable in capability to OpenAI's GPT-3.5. The model, designed for lower capacity devices, is now available on Azure, Hugging Face, and Ollama. This release is part of Microsoft's strategy to develop lightweight AI models suitable for personal devices. Meanwhile, Apple Inc. is in the process of negotiating the licensing of Alphabet Inc.'s Google Gemini AI for iPhones.

Portfolio Pulse from Rounak Jain

April 23, 2024 | 10:07 am

STGW

Stagwell (STGW) has expanded its presence in the Asia Pacific region by adding Indonesia's Leverate Group to its global affiliate program. This move is part of Stagwell's strategy to strengthen its network and capabilities in the rapidly growing Asia Pacific market.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 7:14 am

TSLA

Elon Musk criticized the generic nature of Tesla's ads following the layoff of its U.S. marketing team, part of a 10% companywide reduction. Despite traditionally avoiding advertising, Tesla experimented with ads on various platforms but plans to limit spending to areas with low market share. Analysts are divided on this strategy, with some advocating for increased advertising over price cuts. Meanwhile, anti-Tesla ads by The Dawn Project criticized the safety of Tesla's FSD software.

Portfolio Pulse from Anan Ashraf

April 23, 2024 | 6:27 am

GRND

Grindr (NYSE:GRND) is facing a lawsuit in the U.K. for allegedly sharing users' HIV status and other private information with third parties without consent. The lawsuit, representing hundreds of users, claims the data sharing occurred between 2018 and 2020. Grindr disputes the claims, stating it never shared health information for commercial purposes. The case highlights ongoing concerns over Grindr's data practices, despite the company's efforts to enhance user experience with AI.

Portfolio Pulse from Ananya Gairola

April 23, 2024 | 1:25 am

META

MSFT

Microsoft Corp (NASDAQ:MSFT) has enhanced its AI supercomputing team by hiring Jason Taylor, a former executive from Meta Platforms Inc (NASDAQ:META). Taylor, who has extensive experience in AI, data, and privacy infrastructure, will report directly to Microsoft's CTO Kevin Scott as the Deputy CTO and Corporate Vice President for AI supercomputing efforts. This move is part of Microsoft's broader strategy to advance its hardware capabilities in AI, following the hiring of Mustafa Suleyman from Alphabet Inc's Google DeepMind earlier in the year.

Portfolio Pulse from Franca Quarneti

April 22, 2024 | 10:02 pm

LU

David Siu Kam Choy has resigned as CFO of Lufax for personal reasons. Peiqing Zhu will replace him as CFO and Board Secretary, effective April 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 9:59 pm