Streetbeat News

Products Services

AAPL

GOOG

GOOGL

META

The EU's new AI Act, effective today, imposes strict regulations on AI applications, particularly targeting large U.S. tech companies like Apple, Meta, and Google. The Act mandates risk assessments, high-quality training datasets, and detailed documentation for high-risk AI applications. Violations could result in significant fines.

Portfolio Pulse from Benzinga Neuro

August 01, 2024 | 9:50 am

IGV

ORCL

TRFK

Thailand's AIS partners with Oracle to launch AIS Cloud, the country's first locally owned hyperscale cloud, leveraging Oracle Alloy. This collaboration aims to enhance enterprise solutions and meet data residency and sovereignty needs. Oracle's stock has gained 18% in the last 12 months.

Portfolio Pulse from Lekha Gupta

August 01, 2024 | 9:40 am

EXLS

EXL (NASDAQ:EXLS) has acquired ITI Data to enhance its data management capabilities for banks and healthcare companies. Financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:31 am

BTCUSD

Anthony Scaramucci, former White House Communications Director, has warned cryptocurrency investors about the potential impact of a Donald Trump administration on the Federal Reserve and courts. He advised investors to be cautious and consider the political landscape under Trump, suggesting that it could be drastically different from the investment world. Scaramucci also expressed support for Democratic presidential nominee Kamala Harris and her future policies on cryptocurrency.

Portfolio Pulse from Aniket Verma

August 01, 2024 | 9:30 am

TSLA

Tesla CEO Elon Musk announced that the company has a clear path to significantly improving its Full Self-Driving (FSD) technology by August, aiming to double the average miles between human interventions. This improvement is crucial as Tesla continues to enhance its autonomous driving capabilities. However, safety concerns remain, highlighted by a recent accident involving FSD.

Portfolio Pulse from Anan Ashraf

August 01, 2024 | 9:21 am

TSLA

Donald Trump, despite being endorsed by Elon Musk, has expressed opposition to widespread electric car adoption. This stance contrasts with Musk's vision for electric vehicles and could impact Tesla Inc. (NASDAQ:TSLA).

Portfolio Pulse from Benzinga Neuro

August 01, 2024 | 9:14 am

USO

Reuters reported that no policy change is expected at the upcoming OPEC+ JMMC meeting, according to three sources.

Portfolio Pulse from charles@benzinga.com

August 01, 2024 | 9:12 am

LI

Chinese EV maker Li Auto (NASDAQ:LI) delivered a record 51,000 vehicles in July, marking a 49.4% year-over-year increase and a nearly 7% rise from June. The Li L6 SUV contributed significantly to this growth, with over 20,000 units sold.

Portfolio Pulse from Anan Ashraf

August 01, 2024 | 8:55 am

LILM

Saudia Group has signed a binding sales agreement with Lilium N.V. (NASDAQ:LILM) for 50 electric Lilium Jets, with an option for 50 more. The agreement was signed at Lilium's HQ in Gauting near Munich.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:54 am

IDCC

InterDigital has signed a new license agreement with Panasonic, covering InterDigital's 4G and 5G cellular, HEVC video, and WiFi patents.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:38 am