Streetbeat News

Corporate Responsibility

GOOG

GOOGL

The controversy surrounding Google's Gemini AI chatbot, criticized for being 'woke' and inaccurately generating images of the Founding Fathers, highlights a deeper issue of AI's unpredictability, as pointed out by former Reddit CEO Yishan Wong. Wong references Isaac Asimov's 'Three Laws of Robotics' to illustrate potential dangers of AI's unforeseen outcomes. Alphabet Inc. has temporarily removed Gemini's people-generating feature, planning an improved version. Meanwhile, Elon Musk promotes his AI chatbot, Grok, emphasizing the importance of truth.

Portfolio Pulse from Rounak Jain

February 23, 2024 | 2:27 pm

AER

BA

EADSY

AerCap's CEO stated in a conference call that due to the superiority of the Airbus A321 over Boeing's larger product, a significant majority of the market is expected to shift towards Airbus in the long term.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 2:27 pm

DIT

AMCON Distributing Company (NYSE:DIT) has acquired a new distribution facility in Colorado City, Colorado, marking a significant expansion of its operations. The facility, spanning 249,200 square feet on 38 acres, will enhance AMCON's service in the Rocky Mountain, Intermountain, and Southwest regions. The company plans to invest further in the facility to expand its frozen and refrigerated capabilities, supporting its foodservice initiatives. The move aligns with AMCON's strategic growth objectives and aims to bolster its distribution capabilities across several states.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 2:16 pm

ATI

ATI has announced the appointment of Kimberly Fields as its new President and CEO, marking a significant leadership change for the company.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 2:01 pm

AIRS

Fuzzy Panda Research released a report on AirSculpt Technologies (AIRS), alleging serious malpractices including patient death, unqualified doctors, false advertising, and photoshopped patient images. The report claims AirSculpt's technology is not unique, accuses the company of unsafe medical practices, and states that its founder, Dr. Aaron Rollins, has suspect credentials. Fuzzy Panda Research is short AirSculpt Technologies.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 1:48 pm

KIND

Nextdoor shares surged following the announcement of preliminary Q4 financial results and the return of Nirav Tolia as CEO. The company's positive financial outlook and leadership change are key highlights.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 1:47 pm

FMX

FEMSA announced leadership changes as part of its FEMSA Forward strategy. CFO Eugenio Garza y Garza will step down on April 30, 2024, succeeded by Martin Arias Yaniz. Francisco Camacho Beltrán, Chief Corporate Officer, will also leave. The changes aim to strengthen FEMSA's core business verticals and ensure strategic, financial, and capital market alignment. Eugenio's contributions include implementing the FEMSA Forward strategy and leading significant transactions. Martin Arias Yaniz, with 25 years at FEMSA, will initially serve as interim CFO.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 1:39 pm

AAPL

Apple Inc.'s (NASDAQ:AAPL) Vision Pro users report unexplained cracks in the device's front glass, leading to potential $800 repair bills. The issue, highlighted by multiple Reddit users, occurs at the nose bridge, suggesting a design flaw. Apple advises affected users to pay a deductible for repairs, raising concerns about the device's durability and cost-effectiveness. This adds to previous concerns about the device's scratch resistance and user comfort.

Portfolio Pulse from Rounak Jain

February 23, 2024 | 12:11 pm

PLUG

Plug Power and Uline have expanded their partnership to deploy hydrogen infrastructure and fuel cell solutions at Uline's new campus in Kenosha, Wisconsin. This collaboration aims to enhance operational efficiency and sustainability at the facility.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 12:03 pm

T

TMUS

VZ

AT&T Inc. (NYSE:T) has partnered with L&T Technology Services to join the Connected Climate Initiative, aiming to reduce global emissions by one gigaton by 2035 through advanced connectivity solutions like IoT, 5G, and edge computing. This collaboration highlights AT&T's commitment to environmental sustainability. Additionally, AT&T recently resolved a major cellular outage affecting various telecom providers, including Verizon Communications Inc. (NYSE:VZ) and T-Mobile US, Inc. (NASDAQ:TMUS), denying rumors of a cyber attack and attributing it to an internal error.

Portfolio Pulse from Nabaparna Bhattacharya

February 23, 2024 | 11:39 am