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Corporate Responsibility

TSLA

Tesla Inc's German gigafactory, located near Berlin, has resumed operations after a week-long outage caused by an arson attack. The factory, which has an installed annual vehicle capacity of 375,000 Model Y vehicles, was forced to halt production due to the attack by the 'Vulkan' Group. The outage resulted in a production loss of approximately 1000 cars per day. Tesla has announced that production will return to full speed this week.

Portfolio Pulse from Anan Ashraf

March 12, 2024 | 10:32 am

VLVLY

Volvo Cars (OTC:VLVLY) has partnered with Breathe Battery Technologies to reduce EV charging times by up to 30%. The collaboration aims to enhance charging efficiency using Breathe's battery management software, which promises faster charging while maintaining battery health. This move is part of Volvo's broader strategy to transition to electric mobility, including adopting Tesla's North American charging standard and phasing out diesel cars by 2024.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 10:22 am

ABNB

Airbnb, Inc. (NASDAQ:ABNB) announced a global ban on indoor security cameras in listings to prioritize customer privacy. The updated policy also includes stricter guidelines for outdoor cameras and devices like noise monitors, while allowing doorbell cameras and noise decibel monitors. The policy change, effective April 30, aims to provide clearer rules for the Airbnb community. The company has seen a 40% share price increase over the past year and reported strong financial results for the fourth quarter, including $63 million in net cash from operating activities. Airbnb also initiated a $6 billion share repurchase program and forecasts first-quarter revenue between $2.03 billion and $2.07 billion, with expectations of a higher take rate and moderate nights booked growth.

Portfolio Pulse from Nabaparna Bhattacharya

March 12, 2024 | 9:47 am

GOOG

MSFT

The ongoing feud between Mark Cuban and Elon Musk extends to AI bias discussions, with Musk criticizing AI models like OpenAI's GPT-4 and Google's Gemini for bias, while Cuban argues that no AI can be bias-free and market preferences will dictate AI development. Musk has also been promoting his own AI, xAI's Grok, as unbiased. The debate includes concerns over AI content moderation filters and calls for open-sourcing AI technologies.

Portfolio Pulse from Rounak Jain

March 12, 2024 | 9:10 am

NYCB

New York Community Bancorp (NYCB) has successfully closed a $1 billion investment deal and introduced new leadership, including a former Treasury Secretary.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 6:47 am

HYZN

Hyzon Motors has launched a 200kW single stack fuel cell system and powertrain, integrated into a vehicle termed the Hyzon 200kW Prime Mover, aimed at providing zero-emissions alternatives for long-haul operators in Australia. This U.S. developed technology, unveiled at the Kangan Institute's Automotive Centre of Excellence in Melbourne, offers a smaller, lighter, and more fuel-efficient option for global applications.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 6:36 am

BA

Former Boeing employee John Barnett, known for raising safety concerns, was found dead amid legal turmoil with the company. Barnett, who worked at Boeing for 32 years and retired in 2017, had been involved in a whistleblower lawsuit against Boeing, raising issues about safety and production standards at the North Charleston plant. His death comes as Boeing faces increased scrutiny over production standards and safety, highlighted by recent incidents and FAA audits revealing quality control failures.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 5:44 am

MSFT

Microsoft Corp's AI strategy is reportedly becoming overly reliant on its partnership with OpenAI, leading to concerns among insiders. This shift has resulted in the departure of executives and a focus away from in-house AI initiatives towards the Azure OpenAI service. The change has led to a decline in internal services that were part of Azure AI Services, with some services being rebranded or incorporated into other products. This development is amid scrutiny from the European Union over Microsoft's investment in OpenAI and the evolving dynamics in the AI industry.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 4:56 am

MSFT

Around 600 Activision quality assurance (QA) workers have formed the largest video game worker union in the US, named Activision Quality Assurance United (AQAU), with support from the Communications Workers of America (CWA). This is the first unionization effort at Activision since its acquisition by Microsoft Corp. (NASDAQ:MSFT). The union, which includes QA workers from Texas, Minnesota, and California, was facilitated by a CWA-Microsoft neutrality agreement from 2022. AQAU aims to negotiate a new contract focusing on pay, benefits, and career development.

Portfolio Pulse from Franca Quarneti

March 12, 2024 | 3:23 am

META

Meta Platforms Inc. (NASDAQ:META) has filed a lawsuit against its former Vice President, Dipinder Singh Khurana, for allegedly stealing confidential documents before joining a new AI cloud computing startup. Khurana, who worked at Meta for 12 years, is accused of uploading sensitive information to personal cloud storage, leading to the departure of at least eight Meta employees to his new company. The lawsuit was filed in California state court, highlighting Meta's efforts to protect its intellectual property and confidential information.

Portfolio Pulse from Ananya Gairola

March 12, 2024 | 2:41 am