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Corporate Responsibility

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Salesforce CEO Marc Benioff accused AI companies of using media content without permission, including from Time and The New York Times, to develop technologies. The issue was discussed at the World Economic Forum, highlighting concerns over copyright infringement by AI developers like OpenAI. Time, CNN, and Fox Corp are in talks with OpenAI for licensing agreements, while The New York Times has sued OpenAI and Microsoft. Benioff called for fair compensation for content creators and emphasized Salesforce's commitment to customer data protection. OpenAI's CEO Sam Altman disputed the claims, citing legal use of news content and existing partnerships.

Portfolio Pulse from Anusuya Lahiri

January 17, 2024 | 2:56 pm

JAMF

Jamf (NASDAQ:JAMF) starts 2024 as the sole provider of a combined management and security platform for Apple's ecosystem. It offers a solution that consolidates multiple tools, saving resources for organizations. Jamf's customer base includes top companies and institutions, and its security solutions contribute to 21% of its total ARR. The company has enhanced its products, including Jamf Pro 11 and Jamf Protect, and has integrated with major platforms like Google Chronicle and Microsoft Sentinel. Jamf also focuses on Zero Trust Network Access, Single Sign-On, and education solutions like Jamf Safe Internet. It has been recognized for its workplace environment and is committed to diversity and ESG initiatives.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 2:25 pm

PCTY

Paylocity has announced a new series of AI features aimed at streamlining HR processes and enhancing personalized, modern employee experiences.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 2:11 pm

BYDDY

TSLA

VWAGY

BYD Company is shifting from pouch-type to prismatic batteries for its hybrids to address safety concerns. The transition will phase out pouch cells by early 2025, with factories in Shaanxi, Zhejiang, and Qinghai provinces affected. This move aligns with industry trends, as safety issues with pouch batteries have been highlighted by Volkswagen and Tesla. BYD's new 'Short Blade' prismatic batteries are a technological advancement, with hybrids making up nearly half of BYD's 2023 car sales. The financial impact of this shift on BYD is currently unknown. BYDDY shares closed down 3.23% at $52.14.

Portfolio Pulse from Shivani Kumaresan

January 17, 2024 | 2:10 pm

CENN

Cenntro Electric Group Limited (NASDAQ:CENN) is urging shareholders to vote in favor of a proposed Scheme to redomicile the company from Australia to the United States. A special meeting is scheduled for January 24, 2024. The Scheme involves Cenntro becoming a wholly owned subsidiary of a new U.S. company incorporated in Nevada. The Scheme Booklet, including an independent expert's report favoring the Scheme, has been distributed to shareholders. The board of directors unanimously recommends voting in favor of the Scheme, and a second court hearing is set for February 1, 2024, in Australia.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 1:37 pm

CLIR

ClearSign Technologies has successfully started up a multi-burner heater in a California project, with independent source testing confirming that emissions levels are below the guaranteed threshold.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 1:33 pm

ACON

Aclarion, Inc. (NASDAQ: ACON, ACONW) has announced the release of Nociscan 2.6, which expands the compatibility of its augmented intelligence platform to additional MRI scanners beyond Siemens. This development is expected to increase access to Nociscan for healthcare providers and patients globally, addressing chronic low back pain which affects approximately 266 million people. The company aims to make Nociscan the standard tool for diagnosing and treating chronic low back pain.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 1:23 pm

DARE

Daré Bioscience, Inc. has received a $750,000 grant from the Bill & Melinda Gates Foundation to fund activities related to the development of bacteria-based live biotherapeutic products. This follows a previous grant of approximately $585,000 for the development of a hydrogel formulation. The new grant will support Daré's efforts to analyze the global bacterial biologic supply chain and identify potential CMO partners for manufacturing clinical and commercial supplies of these products. Daré's expertise in auditing and recommending manufacturers was a key factor in their selection for this project.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 1:18 pm

SHOT

Safety Shot, Inc. (SHOT) clarifies that it has only acquired the Safety Shot beverage asset, not GBB Drink Lab, Inc. (GBB), contrary to FSD Pharma's claims. A federal court has refused to dismiss GBB's lawsuit against FSD Pharma for violating an NDA and allegedly attempting to steal and launch GBB's product. Safety Shot continues its national launch of a wellness beverage. FSD Pharma has been tagging SHOT's stock ticker in communications, which Safety Shot claims is an attempt to harm the company and its shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 1:11 pm

AAPL

Apple Inc. (NASDAQ:AAPL) has updated its App Store policies to allow U.S. developers to use external payment platforms. Developers will pay Apple a 27% fee, reduced from the standard 30%, or 12% for those in the App Store Small Business Program. The policy change follows the Supreme Court's decision not to hear Apple's appeal in the Epic Games case, leading to the end of anti-steering rules. Epic Games' CEO Tim Sweeney criticizes the new policy as 'anticompetitive'.

Portfolio Pulse from Benzinga Neuro

January 17, 2024 | 1:10 pm