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Elon Musk has filed a new lawsuit against OpenAI, accusing the company and its co-founders of prioritizing commercial gains over their original mission of benefiting humanity. The lawsuit, filed in federal court in Northern California, claims that OpenAI's partnership with Microsoft betrayed Musk's humanitarian concerns about AI's dangers. Musk had previously withdrawn a similar lawsuit seven weeks ago. The new suit seeks to determine if OpenAI's advancements have achieved AGI and if the company's contract with Microsoft should be invalidated.

Portfolio Pulse from Franca Quarneti

August 05, 2024 | 6:14 pm

BA

Boeing's Senior Vice President of Quality, Elizabeth Lund, is set to testify at an NTSB hearing regarding an emergency involving the Max 9 aircraft.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:03 pm

TCNNF

Billionaire Ken Griffin has donated $12 million to oppose Florida's cannabis legalization measure, Amendment 3. Griffin argues that the measure would create a monopoly for large marijuana dispensaries, increase youth addiction, and lead to more crime. Trulieve Cannabis Corp, a Florida-based medical marijuana company, has donated nearly $55 million to support the measure.

Portfolio Pulse from Maureen Meehan

August 05, 2024 | 12:33 pm

BP

GLNG

Golar LNG Ltd. and BP have agreed on a commercial reset for the Greater Tortue-Ahmeyim LNG Project, simplifying cash flows and settling disputes. The agreement includes an updated payment schedule and step-up mechanisms based on project milestones.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 10:30 am

BAC

IYG

JPM

WFC

XLF

JPMorgan Chase & Co. (NYSE:JPM) is considering legal action against the Consumer Financial Protection Bureau (CFPB) over investigations into the Zelle payment app. The bank is addressing inquiries from the CFPB about fund transfers via the Zelle Network. The rise in fraud and scams on Zelle has attracted scrutiny from U.S. lawmakers and regulators. JPMorgan shares are down 2.44% premarket. Investors can gain exposure to JPM stock via IShares U.S. Financial Services ETF (NYSE:IYG) and SPDR Select Sector Fund – Financial (NYSE:XLF).

Portfolio Pulse from Lekha Gupta

August 05, 2024 | 9:59 am

CHTR

HE

HEI and Hawaiian Electric, along with other parties, have agreed to a $4 billion settlement for the Maui wildfires, with HEI and Hawaiian Electric contributing $1.99 billion. The settlement awaits court approval and does not include any admission of liability.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 6:20 am

CRWD

DAL

MSFT

Delta Air Lines is facing backlash from CrowdStrike and Microsoft after threatening to sue them over a major system outage. CrowdStrike's CEO offered assistance, which was ignored by Delta. The outage led to significant financial losses and a federal investigation.

Portfolio Pulse from Ananya Gairola

August 05, 2024 | 3:43 am

MSFT

A new book by journalist Anupreeta Das claims that Bill Gates was banned from being alone with interns at Microsoft due to his alleged flirtatious behavior. The book also discusses Gates' infidelity, his controversial association with Jeffrey Epstein, and the impact on his marriage with Melinda French Gates. Gates' representative has denied the allegations.

Portfolio Pulse from Bibhu Pattnaik

August 03, 2024 | 7:45 pm

TSLA

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk has vowed to investigate the company's lawsuit against EVject, which produces a 'breakaway' charging connector for Tesla EVs. Tesla alleges the connector is dangerous due to overheating risks, while EVject claims the tests were flawed and is open to collaboration.

Portfolio Pulse from Anan Ashraf

August 03, 2024 | 6:35 am

META

Turkey has banned Meta Platforms Inc.'s Instagram over allegations of suppressing condolence messages for Hamas leader Ismail Haniyeh. The ban follows claims of non-compliance with Turkish laws. Authorities have stated that the ban will be lifted once Instagram addresses the issues.

Portfolio Pulse from Ananya Gairola

August 03, 2024 | 6:27 am