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Corporate Responsibility

AMZN

GOOG

MSFT

NVDA

Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang, in an interview with Wired, acknowledged the intense competition in the AI industry from major tech companies like Microsoft Corp. (NASDAQ:MSFT), Amazon.com Inc. (NASDAQ:AMZN), and Alphabet Inc.'s Google (NASDAQ:GOOG), among others. Despite this, Huang remains confident in Nvidia's leadership in AI, highlighting its 70% market share and the company's potential to become the first semiconductor firm with a $2 trillion valuation. Huang's optimism is supported by Nvidia's strong position in AI supercomputers and its $1 billion annualized revenue run rate in software and services.

Portfolio Pulse from Rounak Jain

February 24, 2024 | 8:25 am

GOOG

GOOGL

Elon Musk announced that Google is taking immediate action to address racial and gender bias in its Gemini AI chatbot, following his criticism and a conversation with a senior Google executive. Musk also highlighted the upcoming update for his AI chatbot, Grok, emphasizing the importance of truth in AI development. Google's Gemini has faced backlash for generating biased or irrelevant images, leading to a temporary halt in its image-generation feature.

Portfolio Pulse from Rounak Jain

February 24, 2024 | 4:06 am

DIS

META

Elon Musk criticized Disney (NYSE:DIS) for its advertising spending on Meta Platforms Inc. (NASDAQ:META), despite allegations of child exploitation on Instagram, a Meta-owned platform. Musk highlighted a Wall Street Journal report detailing how Instagram's subscription feature was misused for child exploitation, without adequate safety measures. This criticism comes amidst a backdrop of companies, including Disney, reallocating their advertising budgets towards Instagram and away from Musk's platform, X.

Portfolio Pulse from Ananya Gairola

February 24, 2024 | 3:23 am

MNY

MoneyHero, a financial technology company, has appointed Rohith Murthy as its new CEO. The move is part of the company's strategy to strengthen its leadership team and drive growth in the fintech sector.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 9:31 pm

ZION

Scott Anderson, the President and CEO of Zions Bank, a part of Zions Bancorporation, will retire from his managerial roles according to an SEC filing. He will transition to a non-executive chairman position.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 9:21 pm

NBSE

Neubase Therapeutics' board decided on Feb 22 to dissolve, liquidate, and distribute its available assets to stockholders, following an evaluation of potential strategic and other alternatives, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 9:07 pm

EA

Electronic Arts Inc. (EA) is offering over 10,000 college football players $600 and a game copy for their likeness in the upcoming College Football 25 video game. This move follows regulatory changes in 2021 allowing athletes to monetize their fame and resolves years of legal disputes over the use of players' images. Critics argue the compensation may not reflect the players' market value, suggesting a rushed negotiation process. EA asserts the compensation is independent of the game's success, aiming for equitable distribution across all players.

Portfolio Pulse from Franca Quarneti

February 23, 2024 | 8:52 pm

UHAL

U-Haul has acquired 4.46 acres of land in Urbandale, Iowa, for a new retail, moving, and self-storage facility, scheduled to open in 2026. The facility will feature over 700 indoor storage rooms, a warehouse for portable moving containers, and a range of services including truck rentals, towing equipment, and professional hitch installation. U-Haul plans to hire 10 local team members for the store, emphasizing its commitment to supporting the Urbandale community and veterans.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 6:53 pm

ENVB

Enveric Biosciences Inc. (NASDAQ:ENVB) has agreed to sell a cancer-related patent portfolio, including patents in multiple countries and pending applications. This move allows Enveric to focus on developing treatments for mental health disorders, specifically with its candidates EB-003 and EB-002. The sale will support the company's investment in neuroplastogens for treating depression, anxiety, and addiction disorders.

Portfolio Pulse from Jelena Martinovic

February 23, 2024 | 6:51 pm

C

Conor Davis, a senior sales executive at Citigroup, Inc. (NYSE:C), is set to leave the company as part of CEO Jane Fraser's restructuring efforts aimed at reducing costs and improving stock performance. The restructuring includes plans to cut 5,000 jobs by the end of the first quarter, with a total goal of reducing 20,000 roles to save $2.5 billion in expenses. Davis' departure is part of the bank's efforts to streamline operations, focusing on managing sales and relationships with hedge funds and institutional clients.

Portfolio Pulse from Nabaparna Bhattacharya

February 23, 2024 | 5:49 pm