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AMZN

Amazon Inc. (NASDAQ:AMZN) has confirmed that starting January 29, Prime Video will feature limited advertisements. Customers can opt for an ad-free experience by paying an additional $2.99 monthly fee, raising the standalone Prime Video service cost to just under $12 per month. The current Prime membership price will remain the same, and Amazon's Freevee service will continue to have ads. This strategy aims to fund more content investment over time. An analyst previously praised the move, anticipating increased revenue for Amazon.

Portfolio Pulse from Ananya Gairola

December 27, 2023 | 11:10 am

META

MSFT

Yann LeCun, Meta Platforms Inc.'s chief AI scientist, criticized OpenAI for its lack of transparency in research, suggesting the research world is losing interest in the company. He highlighted the instability caused by recent events at OpenAI, including the temporary ousting of co-founder Sam Altman. Despite this, OpenAI is reportedly in talks to raise funds at a $100 billion valuation. LeCun contrasted OpenAI's approach with Meta's open-source Llama 2 model, aligning with his belief in keeping AI research open and secure.

Portfolio Pulse from Rounak Jain

December 27, 2023 | 10:09 am

EH

EHang Holdings Limited (NASDAQ:EH), a leader in urban air mobility technology, has launched a UAM Operation Demonstration Center at OH Bay in Shenzhen's Bao'an district. This follows a strategic partnership with the local government and is a step towards initiating aerial sightseeing services.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 7:15 am

AAPL

AMZN

GOOGL

MSFT

NVDA

TSLA

Elon Musk, CEO of Tesla, Inc. (TSLA), responded sarcastically to BCG's ranking of Tesla as the second-most innovative company of 2023, behind Apple, Inc. (AAPL). Musk highlighted Tesla's high rank despite not using BCG's services, implying a potential conflict of interest for other companies on the list that do. Tesla enthusiasts criticized BCG's rankings, citing Tesla's innovations and contrasting them with Apple's less significant updates. Other tech giants like Amazon (AMZN), Alphabet (GOOGL/GOOG), and Microsoft (MSFT) were in the top five, while SpaceX and Nvidia (NVDA) were outside the top 10.

Portfolio Pulse from Shanthi Rexaline

December 27, 2023 | 6:38 am

BYDDY

TSLA

BYD Co., supported by Warren Buffett's Berkshire Hathaway, is set to surpass Tesla as the world's top EV seller this quarter. BYD's Q3 sales were close to Tesla's, and with its October and November sales, it's likely to exceed Tesla's projected Q4 sales. This shift highlights China's growing influence in the EV market and introduces a new competitive dynamic between Tesla and BYD. BYD is expanding globally, including a new base in Hungary, while Tesla is planning a major Model Y overhaul from its Shanghai plant.

Portfolio Pulse from Benzinga Neuro

December 27, 2023 | 6:01 am

BYDDF

TSLA

XPEV

Tesla Inc (NASDAQ:TSLA) is planning a major overhaul of its Model Y, with production starting in mid-2024 at its Shanghai plant, to compete with rising rivals like BYD (OTC:BYDDF) (OTC:BYDDY) and Xpeng Inc. (NYSE:XPEV). The updated Model Y will feature significant changes and is crucial for Tesla's sales in China, where the Model Y accounts for 75% of its total sales. BYD, backed by Warren Buffett, may surpass Tesla in global electric car sales this quarter.

Portfolio Pulse from Benzinga Neuro

December 27, 2023 | 2:46 am

VFS

VinFast Auto Ltd. (NASDAQ:VFS) shares rose after announcing it will showcase its latest electric vehicle concept and the mini eSUV VF 3 at CES 2024. The company will also reintroduce its DrgnFly electric bikes, first shown at CES 2023. The presence at CES 2024 underscores VinFast's commitment to sustainable transportation and innovation. CES 2024 will occur from Jan. 9 to Jan. 12 in Las Vegas. VFS shares closed up 4.88% at $8.38.

Portfolio Pulse from Ryan Gustafson

December 26, 2023 | 9:37 pm

TTWO

Fans speculate that Manni L. Perez might be the voice actor for Lucia in 'GTA 6' after noticing similarities in appearance and voice in the game's trailer released by Take-Two Interactive's Rockstar. Perez has previously voiced in 'GTA 5' and acted in TV shows. Official confirmation is pending, with the game's release set for 2025.

Portfolio Pulse from Franca Quarneti

December 26, 2023 | 8:30 pm

VFS

VinFast Auto's stock price is on the rise following the announcement that the company will unveil its latest electric vehicle concept and the mini eSUV VF 3 at the upcoming CES 2024 event.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 6:57 pm

AAPL

AMZN

META

MSFT

SONY

App Store data indicates Meta Platforms Inc's Meta Quest app topped the 'Top Free Apps' on Christmas, suggesting high activations of Quest 3 headsets. Apple Inc is expected to launch Vision Pro in early 2024 with an estimated shipment of 500,000 units. Microsoft Corp's Xbox app and Sony Group Corp's PlayStation app also ranked high, indicating strong gaming interest. Amazon.com Inc's Alexa app ranked second, aligning with Amazon's report of record-breaking holiday sales. Meta and Amazon stocks saw slight increases.

Portfolio Pulse from Adam Eckert

December 26, 2023 | 5:29 pm