Streetbeat News

Corporate Responsibility

INFY

Infosys (NYSE:INFY) announced the launch of its Responsible AI Suite, part of Infosys Topaz, aimed at helping enterprises navigate the regulatory and ethical complexities of AI-powered transformation.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:12 am

TCTM

TCTM Kids IT Education Inc. (NASDAQ:TCTM), previously known as Tarena International, Inc., announced that its American depositary shares will start trading under the new name 'TCTM Kids IT Education Inc.' on Nasdaq from February 28, 2024. This follows a special resolution approved at an Extraordinary General Meeting of Shareholders on February 20, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:03 am

META

Meta Platforms Inc. (NASDAQ:META) is set to unveil its first 'true' augmented reality (AR) glasses, codenamed Orion, at its Connect developer event this fall. The AR glasses, developed by Meta's Reality Labs division, aim to generate excitement in the high-tech wearables market. Although not immediately available for purchase, prototypes are being tested by select employees. This move comes as the smart glasses market grows, with Meta and competitors like Apple investing in AR and VR technologies.

Portfolio Pulse from Ananya Gairola

February 27, 2024 | 9:54 am

VZ

XRX

Xerox Holdings Corporation (NASDAQ:XRX) is adopting Verizon's (NYSE:VZ) Network as a Service (NaaS) Solutions to modernize its IT infrastructure. This move is part of Xerox's broader Reinvention strategy, aiming to create a more efficient IT environment and foster innovation and growth by dynamically scaling network resources.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 9:39 am

ETH-USD

Ethereum co-founder Vitalik Buterin suggested Elon Musk switch to Linux in response to Musk's frustrations with Microsoft's operating system. Buterin's comment follows Musk's complaint about the necessity of a Microsoft account for his new PC, which he associates with unwanted AI access. Buterin, a proponent of open-source software, sees Linux as a fitting alternative. This interaction highlights ongoing discussions about user autonomy and privacy in technology. Meanwhile, Ethereum's price saw a 4% increase, trading at $3,225.

Portfolio Pulse from Mehab Qureshi

February 27, 2024 | 9:06 am

AWK

California American Water, a subsidiary of American Water Works Company Inc. (AWK), has filed a motion to dismiss a condemnation lawsuit regarding the Monterey Peninsula water system. The company argues that the District lacks legal standing and technical expertise to provide retail water service in the area, and that the lawsuit will result in wasteful spending on legal fees.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 7:33 am

TAK

Takeda and Biological E. Limited have formed a strategic partnership to enhance access to the dengue vaccine, QDENGA, in endemic areas. Biological E. Limited will manufacture up to 50 million doses annually, supporting Takeda's goal to supply 100 million doses yearly by 2030. This collaboration aims to address the rising global public health threat posed by increasing dengue incidence, focusing on multi-dose vials for national immunization programs targeting vulnerable populations.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 7:30 am

SPY

Economist Peter Schiff criticizes the trend of consuming cereal for dinner, a cost-saving measure discussed by Kellogg CEO Gary Pilnick, as a reflection of the economic pressures under 'Bidenomics'. Schiff compares the current situation to the Jimmy Carter era, highlighting the financial strain on American families. Despite positive economic indicators, consumer confidence remains low, with President Biden's approval rating dropping amid inflation concerns. The SPDR S&P 500 ETF Trust (SPY) saw a slight decline.

Portfolio Pulse from Shanthi Rexaline

February 27, 2024 | 7:16 am

AAPL

Apple Inc. (NASDAQ:AAPL) is facing shareholder proposals seeking transparency on AI use ahead of its annual meeting. The board advises against these proposals, citing competitive risks. Proposals also cover gender pay gaps, privacy, and human rights. Apple asserts it has provided sufficient transparency on AI and machine learning use.

Portfolio Pulse from Ananya Gairola

February 27, 2024 | 5:45 am

GOOG

GOOGL

META

The Canadian government, led by Prime Minister Justin Trudeau, has introduced the Online Harms Act to regulate and remove harmful online content by holding major tech companies accountable. This includes platforms like TikTok, X Corp., Meta Platforms Inc. (META), and Alphabet Inc.'s YouTube (GOOG, GOOGL). The law mandates active regulation and removal of content that bullies, sexually victimizes children, incites extremism, violence, or hatred. A new regulatory body, the Digital Safety Commission, will enforce rules and handle complaints.

Portfolio Pulse from Ananya Gairola

February 27, 2024 | 2:44 am