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MIELF

MIELY

Mitsubishi Electric's ME Innovation Fund has invested in Pente Networks to advance private LTE/5G solutions. The high cost and complexity of setting up private LTE/5G networks have been a barrier for companies and local governments, but this investment aims to address these issues.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:20 am

AAPL

Apple Inc. (NASDAQ:AAPL) unveiled its generative AI initiatives at WWDC 2024, introducing 'Apple Intelligence' to iPhones and iPads. While former Tesla AI Chief Andrej Karpathy praised the announcement, analyst Pierre Ferragu expressed skepticism about Apple's ability to execute the vision. Apple also announced a partnership with OpenAI to integrate ChatGPT into its operating systems.

Portfolio Pulse from Ananya Gairola

June 12, 2024 | 6:18 am

WKEY

WISeKey has announced the integration of DePIN into its cryptographic root of trust, enhancing its secure infrastructure. This development aims to bolster the security and trustworthiness of its digital identity solutions.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 5:48 am

COIN

Ethereum co-creator Vitalik Buterin congratulated the layer-2 protocol Op Mainnet on a significant technological upgrade, marking its progress towards decentralization. This development is part of a broader trend in Ethereum scaling solutions, which have seen substantial growth and adoption.

Portfolio Pulse from Aniket Verma

June 12, 2024 | 5:28 am

GOOG

GOOGL

A Google engineer, François Chollet, criticized OpenAI for hindering AGI research progress by 5-10 years due to their focus on Large Language Models (LLMs) and the closing down of frontier research publishing. Chollet's comments were made during a conversation with podcaster Dwarkesh Patel.

Portfolio Pulse from Ananya Gairola

June 12, 2024 | 5:21 am

AAPL

MSFT

Samsung has merged its North American AI research centers and appointed former Apple executive Murat Akbacak to lead the new division. This move highlights the increasing focus on AI by major tech companies like Samsung and Apple.

Portfolio Pulse from Ananya Gairola

June 12, 2024 | 5:19 am

AMZN

FTXL

SSG

Amazon.com Inc. (NASDAQ:AMZN) plans to invest billions in Taiwan over the next 15 years to establish AWS data centers, expanding its cloud infrastructure in Asia. This move aligns with the growing demand for cloud services in the region and follows significant investments in Singapore and Japan. However, geopolitical tensions between Taiwan and China pose potential risks.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 5:16 am

BTCUSD

ETHUSD

Economist Peter Schiff has raised concerns about Bitcoin's market stability due to the reliance on institutional ETF buyers. He argues that this could lead to increased market instability as ETF buyers are future sellers, unlike spot buyers who hold Bitcoin long-term. Schiff's views have been challenged by others who argue that ETF buyers are not typically day-traders.

Portfolio Pulse from Aniket Verma

June 12, 2024 | 4:16 am

LLY

NVDA

NVO

Jim Cramer has expressed strong confidence in Eli Lilly (NYSE: LLY), citing its diverse drug portfolio and recent FDA advisory panel endorsement of its Alzheimer's drug, donanemab. Cramer believes this could propel the company's valuation to a trillion dollars. The FDA panel's recommendation is seen as a positive step towards full approval, boosting investor sentiment.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 3:52 am

AAPL

Apple Inc (NASDAQ:AAPL) is expected to see a significant revenue surge driven by its AI capabilities, according to tech analyst Gene Munster. Munster predicts a 10% revenue growth by 2025, surpassing current estimates. Apple's AI advancements, highlighted at the Worldwide Developers Conference 2024, are anticipated to enhance device value and customer experience, potentially leading to further growth.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 3:32 am