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AAPL

Apple co-founder Steve Wozniak has expressed cautious optimism about Apple's new AI-powered features, urging users to test them personally. Apple announced the integration of ChatGPT into its systems, a move that has drawn criticism from Elon Musk.

Portfolio Pulse from Ananya Gairola

June 12, 2024 | 9:33 am

GM

TSLA

General Motors (GM) plans to invest $850 million in its loss-making Cruise self-driving unit, which has incurred significant losses and faced operational challenges. Tesla CEO Elon Musk criticized the move, suggesting GM is not making the right decisions. Tesla's own self-driving technology is still under development and faces regulatory hurdles.

Portfolio Pulse from Shanthi Rexaline

June 12, 2024 | 9:23 am

AAPL

Apple Inc. (NASDAQ:AAPL) has introduced 'Apple Intelligence,' a suite of AI-powered features, following a similar branding approach by Jack Ma of Alibaba Group, who called AI 'Alibaba Intelligence' in 2019. The announcement has reignited discussions about AI branding, especially given the historical debate between Ma and Elon Musk. Apple's new features include enhancements to Siri, generative AI tools, and photo editing capabilities.

Portfolio Pulse from Rounak Jain

June 12, 2024 | 9:00 am

AAPL

Tim Cook has expressed doubts about Apple's ability to completely prevent AI hallucinations in its new Apple Intelligence system. Despite efforts to ensure high quality, Cook admits the technology is not 100% foolproof. The system, introduced at the WWDC, includes AI features for iPhone, iPad, and Mac, and Apple has partnered with OpenAI to integrate ChatGPT into Siri.

Portfolio Pulse from Ananya Gairola

June 12, 2024 | 8:45 am

AAPL

Needham analyst Laura Martin expressed skepticism about Apple's recent WWDC announcements, suggesting the presentation lacked substance and failed to address generative AI adequately. Despite a recent stock rally, Martin remains cautious about Apple's long-term prospects, citing minimal revenue growth and a focus on stock buybacks over capital expenditure.

Portfolio Pulse from Shanthi Rexaline

June 12, 2024 | 8:33 am

NVDA

TSLA

Nvidia CEO Jensen Huang's unconventional management style, which avoids scheduled one-on-one meetings unless requested, has garnered attention and support from Tesla CEO Elon Musk. This approach aims to facilitate quick information flow and agility within Nvidia. Despite this unconventional style, Nvidia's stock has been performing well.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 8:32 am

AON

Aon has announced a $350 million insurance program in collaboration with the U.S. International Development Finance Corporation to enhance insurance capacity and stimulate new capital investment and economic recovery in Ukraine.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:34 am

BLTE

Belite Bio announced that its lead pipeline drug, Tinlarebant, has been granted Sakigake designation by Japan's Ministry of Health, Labour and Welfare for the treatment of STGD1.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:26 am

OPT

Opthea has secured A$227 million in capital to accelerate its therapeutic trials for Wet AMD. This funding is expected to expedite the development and potential market entry of their treatments.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:50 am

GBTC

A petition for a Shiba Inu (SHIB) spot ETF has garnered over 10,000 signatures, indicating strong demand. The petition, initiated in February on Change.org, appeals to Grayscale Investments, the largest digital asset manager and issuer of Bitcoin and upcoming Ethereum spot ETFs.

Portfolio Pulse from Aniket Verma

June 12, 2024 | 6:32 am