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AAPL

META

MSFT

This week in AI, Microsoft's investment in OpenAI led to the demise of Cortana, with the company pivoting to Bing Chat powered by OpenAI's ChatGPT. Meta Platforms unveiled a new AI tool, AudioCraft, that transforms text into music. Google's Assistant received an AI upgrade. Apple's CEO, Tim Cook, revealed the company's long-term investment in ChatGPT-like AI tech. Elon Musk's X.ai took over AI.com, marking a new chapter in the battle with OpenAI and the AI industry.

Portfolio Pulse from Benzinga Neuro

August 06, 2023 | 4:00 pm

JPM

TIFIN, an AI platform for wealth, and J.P. Morgan (NYSE:JPM) have announced the launch of TIFIN.AI, a venture aimed at accelerating the development of AI-powered fintech companies. The initiative will offer AI capabilities across various use cases in wealth management, including client portfolio insights for advisors, alternative investing, wealth management in the workplace, and insurance.

Portfolio Pulse from Jose Rodrigo Safdiye

August 05, 2023 | 4:32 pm

ATOMUSD

The annual Cosmoverse conference, focusing on interchain innovation and the Cosmos (CRYPTO: ATOM) ecosystem, will take place in Istanbul from October 2-4, 2023. The conference aims to connect the Cosmos community to other ecosystems, increasing synergy between diverse networks. It will also discuss recent milestones in the Cosmos ecosystem, such as the launch of Replicated Security and the emergence of the ATOM Economic Zone. The event will also host Hackmos, a hackathon dedicated to fostering software innovation within the Cosmos ecosystem.

Portfolio Pulse from Jose Rodrigo Safdiye

August 04, 2023 | 9:02 pm

TILT

Roz McCarthy, CEO of Minorities for Medical Marijuana (M4MM) and owner of Black Buddha Cannabis (BBC), emphasized the importance of diversity and fiscal discipline in the cannabis industry at the Benzinga Cannabis Capital Conference. BBC partnered with TILT Holdings last October. McCarthy believes brands that fail to recognize the power of representation and inclusion will lose out in the market.

Portfolio Pulse from Joana Scopel

August 04, 2023 | 8:50 pm

MSFT

Elon Musk's new artificial intelligence company, X.ai, has taken over the AI.com domain, which previously redirected to the ChatGPT web interface. The team for X.ai includes members from OpenAI, Google Research, Microsoft Research, and DeepMind. Microsoft Corporation (NASDAQ:MSFT) was an early investor in OpenAI and announced a $10 billion subsequent investment in the AI company in January. The rivalry between Musk and OpenAI could continue to be a significant storyline in the AI industry.

Portfolio Pulse from Chris Katje

August 04, 2023 | 7:08 pm

EA

SONY

LeBron James has collaborated with Sony Group Corp's PlayStation, expressing his love for gaming and its role in his life. As part of the collaboration, a Limited Edition DualSense Wireless Controller and a PS5 Console Cover have been launched. James also revealed that his favorite video game is Electronic Arts Inc's 'Madden'.

Portfolio Pulse from Franca Quarneti

August 04, 2023 | 5:33 pm

PEP

WMT

PepsiCo and Walmart have announced a 7-year collaboration to invest $120 million in regenerative agriculture. PepsiCo has been criticized for not providing details on its progress towards its goal of reaching 20% reusable beverage packaging and for increasing its total plastic use. PepsiCo has also won a trademark infringement lawsuit filed by Rise Brewing Co.

Portfolio Pulse from Mohit Manghnani

August 04, 2023 | 4:23 pm

CTSH

GOOG

Alphabet Inc. faces a lawsuit from Agence France-Presse (AFP) over content compensation issues on Elon Musk's X platform, previously known as Twitter. Alphabet has previously been penalized for similar issues but has pledged to resolve the dispute. In other news, Alphabet's Google Cloud is expanding its partnership with Cognizant Inc. to leverage AI technology for healthcare solutions.

Portfolio Pulse from Mohit Manghnani

August 04, 2023 | 3:58 pm

PLTR

Palantir Technologies, Inc. (NYSE:PLTR) shares are moving ahead of its Q2 financial results release on Monday. RBC analyst Rishi Jaluria maintained an Underperform rating and $5 price target on Palantir, expressing skepticism about the company's AI capabilities. Palantir is expected to report earnings of 5 cents per share and revenue of $530.2 million. The company also announced a five-year expansion of its partnership with WesTrac Pty, Ltd.

Portfolio Pulse from Erica Kollmann

August 04, 2023 | 3:46 pm

AHI

Advanced Health Intelligence (AHI) has announced an exclusive license deal with Changlin Network Technology, leading to a rise in AHI's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:43 pm