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VIAV

VIAVI Solutions Inc. (VIAV) announced its VIAVI Xgig CXL Exerciser has been approved as a CXL 1.1 Gold device by the CXL Consortium, enabling it to qualify CXL devices for the CXL Integrators List. This certification is crucial for the development and testing of high-speed computing applications like AI and ML. The approval highlights VIAVI's role in the CXL validation ecosystem, with Micron acknowledging VIAVI's contribution to CXL protocol compliance. VIAVI will showcase its CXL solutions at the CXL Developers' Conference in 2024.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:17 pm

F

Ford Motor Co. CEO Jim Farley admitted that the company would be 'much stronger' today if he had addressed its longstanding quality issues and operational inefficiencies sooner after becoming CEO in 2020.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:00 pm

AAPL

MSFT

Apple is developing an artificial intelligence tool aimed at competing with Microsoft's GitHub Copilot, according to Bloomberg. This move signifies Apple's entry into the growing market of AI-driven coding assistance tools, directly challenging Microsoft's established product.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 8:56 pm

QSR

Restaurant Brands International (RBI) projects significant growth by 2028, aiming for at least 40,000 restaurants worldwide, $60 billion in system-wide sales, and $3.2 billion in adjusted operating income. This ambitious plan reflects RBI's confidence in its expansion strategy and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:47 pm

AAPL

META

SPOT

Meta Platforms Inc (NASDAQ:META) has introduced guidelines for small businesses to bypass Apple Inc's (NASDAQ:AAPL) App Store commissions by purchasing ads through a web browser. This move, aimed at avoiding Apple's up to 30% cut from in-app purchases, escalates the rivalry between the two tech giants. Apple's strict policies have been criticized by other companies as well, including Spotify Technology SA (NYSE:SPOT). Meta's ad revenue has been significantly impacted by Apple's privacy changes, with an estimated loss of $10 billion. The new ad purchasing policy will initially apply in the U.S. and expand to other regions later this year.

Portfolio Pulse from Anusuya Lahiri

February 15, 2024 | 7:06 pm

OXY

Occidental Petroleum's CEO announced during a webcast, as reported by Reuters, that the company is focusing on accumulating cash flow for the purpose of debt repayment rather than pursuing additional stock buybacks.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 6:58 pm

MSFT

OpenAI announced the development of tools aimed at detecting misleading content, including a detection classifier specifically designed to identify videos generated by Sora. This initiative is part of OpenAI's efforts to combat the spread of misinformation and enhance content authenticity. Microsoft (MSFT), a key partner and investor in OpenAI, may see implications from this development.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 6:21 pm

CEG

Constellation has filed for a license renewal with the NRC for its Clinton Clean Energy Center in Illinois, aiming to extend its operation by 20 years, through 2047. This move is part of Constellation's efforts to support carbon-free energy production and the regional economy. The Clinton facility, which powers 800,000 homes, is a key part of Illinois' clean energy future, with the renewal potentially providing 179 terawatt hours of additional carbon-free electricity. The company has also made other investments in clean energy, including acquiring a stake in the South Texas Project and uprate projects in Illinois and Maryland.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 6:01 pm

RILY

B. Riley Financial, Inc. (RILY) has announced that it is continuing to work with its auditors and maintains a perfected first lien security interest in the shares collateralizing its loan. This statement aims to clarify the company's current financial operations and security interests.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 5:56 pm