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XPEV

XPeng CEO He Xiaopeng predicts that 2025 will be the 'ChatGPT moment' for fully autonomous driving after testing Tesla's FSD and Waymo's technologies. He praised Tesla's progress and expressed interest in further testing. XPeng also invited Elon Musk to test its XNGP system in China.

Portfolio Pulse from Anan Ashraf

June 25, 2024 | 8:25 am

GOOG

GOOGL

A study by Google DeepMind reveals that the most common misuse of AI is the creation of deepfakes of politicians and celebrities, rather than AI-assisted cyber attacks. This misuse is primarily aimed at influencing public opinion, raising concerns about its impact on global elections and democracy.

Portfolio Pulse from Benzinga Neuro

June 25, 2024 | 8:02 am

GM

GOOGL

TSLA

UBER

Emil Michael, former Uber executive, expressed skepticism about the financial feasibility of robotaxis due to high production costs. He highlighted that the cost of a Waymo vehicle is around $300K, making it financially unviable to replace human drivers soon. RBC Capital Markets reduced Tesla's price target due to lower robotaxi pricing assumptions. Uber remains a top pick for travel stocks, with analysts noting that full autonomous vehicles are still years away. General Motors announced an $850 million investment for its Cruise self-driving unit.

Portfolio Pulse from Benzinga Neuro

June 25, 2024 | 7:38 am

TSLA

Tesla Inc (NASDAQ:TSLA) has reopened the option for customers to transfer its Full Self-Driving (FSD) capability from older vehicles to new ones, available for deliveries between June 24 and August 31. This move aims to boost FSD adoption amid declining EV deliveries and falling share value.

Portfolio Pulse from Anan Ashraf

June 25, 2024 | 7:36 am

AMZN

Amazon announces its 10th Prime Day event on July 16-17, offering exclusive deals for Prime members across various categories. The event will feature new deals every 5 minutes and special Invite-only deals. Megan Thee Stallion will promote the event with a new song and merchandise.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 7:13 am

ACIW

ACI Worldwide and RS2 have launched a comprehensive payment solution for Brazil's financial sector, combining their acquiring and issuing capabilities. The platform supports digital transformation, reduces operational costs, and enhances fraud management.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 7:12 am

HALO

Halozyme Therapeutics announced that Roche received European Commission marketing authorization for OCREVUS SC, co-formulated with Halozyme's ENHANZE, for the treatment of multiple sclerosis. The approval is based on Phase III trial data showing comparable efficacy and safety to the IV formulation.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 7:11 am

BABA

AliExpress, a subsidiary of Alibaba Group, launched a global sports campaign 'Find Your Sport' at the Olympic Qualifier Series 2024 in Budapest. The campaign highlights 161 million purchases of sporting goods and aims to inspire global sporting engagement. AliExpress continues to invest in its premium service, AliExpress Choice, offering discounts and deals during the Olympic Games Paris 2024.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 7:10 am

GWRE

ČSOB Pojišt'ovna, a subsidiary of ČSOB group, has selected Guidewire InsuranceSuite to enhance its claims and billing operations. This marks the first implementation of Guidewire in the Czech Republic, with Accenture leading the deployment. The initiative aims to streamline IT systems and improve product personalization.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 7:08 am

LOGI

Logitech G, a brand of Logitech, has unveiled the G515 LIGHTSPEED TKL Wireless Gaming Keyboard, featuring advanced technologies and high-performance features in a low-profile design. The keyboard includes innovations such as LIGHTSPEED, LIGHTSYNC, and KEYCONTROL, offering gamers enhanced customization and performance.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 7:06 am