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Corporate Responsibility

IDCC

InterDigital, Inc. (NASDAQ:IDCC) announced Doug Castor, its Head of Wireless Research, has been elected to co-chair the ATIS Next G Alliance Steering Group, highlighting the company's leadership in mobile, video, and AI technology R&D.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:06 am

TSLA

CATL's Chairman Robin Zeng reportedly visited the hotel in Beijing where Tesla CEO Elon Musk is staying, sparking speculation about further collaboration between Tesla and CATL, a key battery supplier. Additionally, Tesla has partnered with Baidu Inc for mapping and navigation data in China, crucial for deploying Tesla's Full Self-Driving (FSD) software in the country. Musk emphasized the importance of FSD for Tesla's future and hinted at its availability in China soon.

Portfolio Pulse from Anan Ashraf

April 29, 2024 | 7:25 am

GOOGL

TSLA

Cathie Wood, founder of Ark Investment Management, praised Tesla, Inc. for its significant investment in artificial intelligence, highlighting it as a key differentiator from other companies in the auto and tech sectors. This stance aligns with Elon Musk's view of Tesla as the largest AI project on Earth. Wood's comments come amid a backdrop where companies, including Alphabet Inc., are increasingly focusing on short-term shareholder returns, such as dividends and share repurchases. Alphabet recently announced its first-ever dividend, contrasting with Tesla's focus on long-term investments in AI and self-driving technology.

Portfolio Pulse from Shanthi Rexaline

April 29, 2024 | 6:53 am

ITRI

Itron and the Australian Cairns Regional Council have expanded their collaboration to enhance water security and conservation efforts. This partnership aims to leverage Itron's technology and solutions to improve water management and sustainability in the region.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 6:33 am

AAPL

GOOGL

META

Meta Platforms Inc. and Alphabet Inc. are revising their strategies to compete with Apple Inc.'s iPhone and Vision Pro. Meta is opening its VR operating system to all headset manufacturers, challenging Apple's closed ecosystem. Google has restructured its management, with Rick Osterloh overseeing Android, aiming to enhance revenue and establish a stronger presence in mixed-reality, an area where Google lags behind Apple and Meta. Despite criticism for its high price, Apple's Vision Pro has been praised for its advanced technology.

Portfolio Pulse from Ananya Gairola

April 29, 2024 | 4:57 am

META

Meta Platforms Inc. (NASDAQ:META) is experiencing significant issues with its AI-powered ad tools, particularly the Advantage Plus shopping campaigns, leading to wasted ad budgets and lost sales for businesses. The problems, which began around Valentine's Day, have caused an increase in cost per impressions (CPMs) and a failure to generate sales, prompting businesses to reconsider their advertising strategies on Meta's platforms. Despite some refunds to affected businesses, Meta denies any glitches, insisting the tools are functioning as intended. This situation is compounded by Meta's recent legal challenges and offers an opportunity for competitors like Elon Musk's social media platform, X, to attract advertisers.

Portfolio Pulse from Ananya Gairola

April 29, 2024 | 3:18 am

RIVN

Rivian Automotive Inc. (NASDAQ:RIVN) has introduced a new charger design to make its Rivian Adventure Network (RAN) accessible to a wider range of electric vehicles (EVs) by the end of the year. The new chargers will support both 400-volt and 800-volt battery packs with CCS connectors and will eventually include native support for the North American Charging Standard (NACS), currently requiring an adapter for Tesla's NACS chargers. This expansion aligns with Rivian's commitment to electrification and carbon-free energy, with the company planning to retrofit existing RAN stations and ensure new ones are equipped with these next-generation chargers. The move also enables Rivian to tap into the U.S. National Electric Vehicle Infrastructure (NEVI) program for funding.

Portfolio Pulse from Benzinga Neuro

April 29, 2024 | 3:12 am

GOOG

GOOGL

Alphabet Inc.'s Google Play Store now allows simultaneous downloads and installations of two Android apps, a feature recently implemented after years of testing. This update, currently limited to new installs and visible on Pixel phones and tablets running Android 14 and Play Store version 40.6.31, follows a significant legal setback for Google's Android app store involving an antitrust case won by Epic Games.

Portfolio Pulse from Ananya Gairola

April 29, 2024 | 2:07 am

ASAN

Elon Musk, CEO of Tesla and SpaceX, criticized Asana Inc. (NYSE:ASAN), a company owned by Facebook co-founder Dustin Moskovitz, on his social media platform X. Musk's comments were in response to a post that disparaged Asana's work management model, suggesting it offers nothing more than a basic to-do list functionality. This exchange follows Moskovitz's accusations against Tesla for consumer fraud, likening it to Enron's scandal, which Musk rebutted sharply.

Portfolio Pulse from Ananya Gairola

April 29, 2024 | 1:31 am

ATHE

Alterity Therapeutics (NASDAQ:ATHE) announced new data on ATH434's potential to treat Friedreich's Ataxia, presented at the World Orphan Drug Congress USA 2024. The study highlighted ATH434's unique ability to target toxic iron in the disease, differentiating it from traditional iron chelators.

Portfolio Pulse from Charles Gross

April 29, 2024 | 12:42 am