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Google, a subsidiary of Alphabet Inc., has introduced new measures to combat explicit deepfake content in its search results. The company aims to simplify the removal of such content and prevent it from ranking highly. This move follows similar actions by Meta Platforms Inc. and Elon Musk's X to address the issue of AI-generated explicit content.

Portfolio Pulse from Ananya Gairola

August 01, 2024 | 5:48 am

PHAR

Pharming Group projects 2024 revenues between $280M and $295M, reflecting 14% to 20% growth. The company plans to expand its patient base for Joenja® therapy, increase ex-U.S. revenues, complete clinical trials, and seek regulatory approvals in multiple regions. Operating costs will be managed without significant cash burn, and potential acquisitions are being considered.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 5:44 am

AAPL

AMZN

GOOG

META

MSFT

Meta Platforms, Inc. (NASDAQ:META) is aggressively pushing into the AI assistant market, aiming to surpass competitors like Apple Inc.'s Siri, Alphabet Inc.'s Google Assistant, Amazon.com Inc.'s Alexa, OpenAI's ChatGPT, and Microsoft Corp.'s Copilot by the end of the year. Meta's strategy includes integrating AI across its platforms and launching AI Studio for user-created AI agents. The company has reported promising engagement metrics and plans significant capital expenditures to support its AI ambitions. Meta's second-quarter performance exceeded analyst expectations, with shares jumping 7.17% in after-hours trading.

Portfolio Pulse from Kaustubh Bagalkote

August 01, 2024 | 5:05 am

META

Elon Musk announced that his social media platform X has surpassed Meta Platforms Inc.'s Facebook and Instagram in terms of traffic, according to Similarweb data. X recorded 13.14 billion views in June, surpassing Facebook's 12.44 billion and Instagram's 5.798 billion. X also had nearly three times the number of unique visitors compared to Facebook.

Portfolio Pulse from Ananya Gairola

August 01, 2024 | 4:57 am

DOGEUSD

Dogecoin (DOGE) has been stagnant recently, but a trader believes its real bull run is yet to begin, predicting a peak in early 2025. Despite bearish technical indicators, some traders remain optimistic about its potential.

Portfolio Pulse from Aniket Verma

August 01, 2024 | 4:33 am

META

Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg expressed satisfaction with Facebook's progress among young adults, contradicting the public narrative. During Meta's Q2 earnings call, Zuckerberg highlighted the growth of Meta’s user base to over 3.2 billion daily users and the success of WhatsApp, Facebook, Instagram, and Threads in the U.S. Meta reported revenue of $39.07 billion, surpassing analyst estimates. Meta shares jumped 7.17% in after-hours trading.

Portfolio Pulse from Ananya Gairola

August 01, 2024 | 3:49 am

META

Gary Black, managing partner of Future Fund, praised Meta Platforms Inc. (NASDAQ:META) for its strong Q2 performance and the leadership of CEO Mark Zuckerberg. Meta's stock surged in after-hours trading, reflecting a 41% YTD increase and a 220% rise over two years. The company reported a revenue of $39.07 billion and an adjusted EPS of $5.16, both surpassing estimates. Despite facing criticism for certain issues, Meta continues to integrate AI into its products.

Portfolio Pulse from Benzinga Neuro

August 01, 2024 | 3:35 am

AMD

COIN

PINS

Cathie Wood-led Ark Invest made significant trades in AMD, Pinterest, and Coinbase. Ark purchased $47.5M in AMD shares and $12.7M in Pinterest shares, while reducing its Coinbase exposure by $2.7M amid a Bitcoin drop. Other trades included buying Guardant Health and Intellia Therapeutics, and selling Zoom, Teladoc, and Veracyte shares.

Portfolio Pulse from Benzinga Neuro

August 01, 2024 | 2:53 am

META

Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg announced that the company's Llama 3.1 model has better cost performance than OpenAI's ChatGPT. He emphasized the benefits of open-source AI, predicting it will become the industry standard. Meta reported strong Q2 earnings, with revenue and adjusted earnings surpassing analyst expectations. Meta shares surged by 7.17% in after-hours trading.

Portfolio Pulse from Ananya Gairola

August 01, 2024 | 2:03 am

FOX

FOXA

NXST

NYT

Jim Cramer on CNBC's 'Mad Money' highlighted Fox Corporation, The New York Times Company, and Nexstar Media Group as potential winners in the media sector due to the upcoming presidential election. Increased viewership and political ad spending are expected to boost their revenues.

Portfolio Pulse from Benzinga Neuro

August 01, 2024 | 1:59 am