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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

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

DWAC

RUM

Donald Trump was hit with a $454M judgment in a New York fraud case following a recent trial, as reported by Reuters. This significant financial judgment could have implications for Trump's business operations and financial stability.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 8:34 pm

HRB

The FTC has filed a complaint against H&R Block (HRB) for deceptive marketing practices and unfairly deleting consumers' tax data when they attempt to downgrade to more affordable products. The company is accused of misleading consumers by advertising its online tax filing services as 'free' and making the downgrade process cumbersome, requiring consumers to start their tax returns from scratch.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 8:04 pm

AIRS

Fuzzy Panda Research released a short report on AirSculpt Technologies Inc (NASDAQ:AIRS), alleging unethical marketing practices, safety concerns, and credibility issues. The report claims instances of patient harm, unqualified doctors, false advertising, and non-existent patents, leading to a 20.50% drop in AIRS shares to $4.93.

Portfolio Pulse from Vandana Singh

February 23, 2024 | 3:43 pm

BCS

A U.S. judge has ruled that Barclays must face part of a shareholder lawsuit related to a $17.7 billion debt sale mistake. The lawsuit alleges that Barclays misled investors about its debt sales practices.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 3:39 pm

META

Meta Platforms Inc (NASDAQ:META), the parent company of Facebook and Instagram, is under scrutiny for the misuse of its paid subscription tools, which have been exploited for child exploitation. Internal teams found 'parent-managed minor accounts' selling content to adults displaying sexual interest. Despite the absence of illegal content, some parents engaged with sexually explicit messages about their children. Meta's algorithms promoted such accounts to users with pedophilic interests, worsening the issue. The company is developing an automated system to restrict suspected pedophiles from subscribing to these accounts. Incidents of online enticement more than doubled in 2023 from 2022, with children falling prey to 'sextortion'. META shares are trading higher by 0.43% at $488.23.

Portfolio Pulse from Anusuya Lahiri

February 23, 2024 | 3:36 pm