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Corporate Responsibility

CGBD

Carlyle Secured Lending announced the immediate appointment of Justin Plouffe as President, CEO, and Board Member, succeeding Aren Leekong who has resigned.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 11:20 am

NVDA

China is offering 'computing vouchers' worth $140,000 to $280,000 to AI startups to mitigate the impact of U.S. chip restrictions. This initiative aims to support the training and operation of large language models (LLMs) amid challenges such as contract cancellations by cloud computing services due to U.S. controls. Nvidia (NASDAQ:NVDA) chips are being repurposed for AI tasks due to these restrictions. Additionally, China plans to introduce a subsidy program for AI groups using domestic chips and is developing an alternative to Big Tech's data centers.

Portfolio Pulse from Benzinga Neuro

March 04, 2024 | 11:15 am

CLRO

Clearone announced on February 27 that Jayashree Raghunathan has been appointed as the Interim CFO, according to an 8-K filing.

Portfolio Pulse from Charles Gross

March 04, 2024 | 11:03 am

M

Macy's Inc (NYSE:M) stock is surging due to a revised takeover bid of $24.00 per share in cash from Arkhouse Management Co. LP and Brigade Capital Management, LP, representing a 33.3% premium over its March 1, 2024, closing price. This follows Macy's rejection of an initial offer and comes amid a board challenge from Arkhouse. Macy's Q4 revenue declined 1.4% YOY, and the company plans to close 150 locations by 2026.

Portfolio Pulse from Shivani Kumaresan

March 04, 2024 | 11:02 am

NVS

Novartis has released new data on Zolgensma, its one-time gene therapy for Spinal Muscular Atrophy (SMA), demonstrating maintained and improved motor milestones in older and heavier children with the condition. The data highlights the safety and efficacy of Zolgensma in a broader patient population.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 9:55 am

HTOO

Fusion Fuel (HTOO) has been awarded a €1.015 million grant from the European Innovation Fund's Horizon Europe Programme as part of the H2tALENT consortium. This consortium, which includes 29 partners from six European countries and is sponsored by the Universidade de Évora, aims to develop small-scale hydrogen valleys to showcase hydrogen's decarbonization potential across the entire value chain.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 9:22 am

MSFT

Venture capitalists Vinod Khosla and Marc Andreessen have publicly disagreed over Elon Musk's lawsuit against OpenAI and Sam Altman. Khosla, supporting OpenAI, criticizes Musk's lawsuit as a distraction and emphasizes the importance of not open-sourcing AI technology for national security, likening it to the Manhattan Project. Musk's lawsuit accuses OpenAI and its major investor, Microsoft Corp. (NASDAQ:MSFT), of betraying OpenAI's founding agreement by prioritizing profit and seeks to prevent Microsoft from using advanced AI models like GPT-4.

Portfolio Pulse from Rounak Jain

March 04, 2024 | 9:17 am

GOOG

GOOGL

Sergey Brin, Google co-founder, admitted the Gemini image generator was released without adequate testing, leading to significant errors. This follows CEO Sundar Pichai's acknowledgment of the issue as 'completely unacceptable'. The controversy arose after Gemini produced inaccurate images, prompting Google to temporarily halt its image generation feature. The company is working to resolve the issues, but a timeline for the feature's return remains unclear.

Portfolio Pulse from Rounak Jain

March 04, 2024 | 8:10 am

NSC

Ancora Holdings Group, LLC, an Ohio-based firm, is advocating for a management overhaul at Norfolk Southern Corporation due to safety concerns following a train incident in Pennsylvania. Ancora owns a significant equity stake in Norfolk Southern.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 7:15 am

ACN

Accenture has acquired The Lumery, aiming to enhance its marketing transformation services in Australia through Accenture Song. This move is expected to deepen capabilities in personalization, CRM and loyalty, testing, experimentation, and automation. Deal terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 6:49 am