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MSFT

Venture capitalists Vinod Khosla and Marc Andreessen have publicly disagreed over Elon Musk's lawsuit against OpenAI and Sam Altman. Khosla, supporting OpenAI, criticizes Musk's lawsuit as a distraction and emphasizes the importance of not open-sourcing AI technology for national security, likening it to the Manhattan Project. Musk's lawsuit accuses OpenAI and its major investor, Microsoft Corp. (NASDAQ:MSFT), of betraying OpenAI's founding agreement by prioritizing profit and seeks to prevent Microsoft from using advanced AI models like GPT-4.

Portfolio Pulse from Rounak Jain

March 04, 2024 | 9:17 am

BYDDY

TSLA

BYD Co, a leading Chinese EV manufacturer, has cut the price of its new Yuan Plus version by 12% to compete in China's intense EV market. This move is part of a broader strategy to attract customers amid a cooling market, where rivals like Tesla have also reduced prices. BYD's price cut reflects its aggressive approach to maintaining a competitive edge in the world's largest automobile market.

Portfolio Pulse from Anan Ashraf

March 04, 2024 | 9:04 am

HYMLF

Hyundai Motor Co's Ioniq 5 EV is set for a refresh with significant updates including a larger battery capacity, over-the-air updates, and new interior features, as revealed on Hyundai's Korean website. The updates aim to enhance the vehicle's competitiveness against rivals like Tesla's Model Y, in line with South Korea's new EV policy supporting domestic automakers. The refresh includes an increased battery capacity from 77.4kWh to 84kWh, extending the range to approximately 301 miles, and introduces features such as a rear window wiper and Hyundai's 'Connected Car Navigation Cockpit'. The price remains unchanged in Korea, with expectations for the U.S. pricing to follow suit.

Portfolio Pulse from Benzinga Neuro

March 04, 2024 | 8:41 am

GOOG

GOOGL

Sergey Brin, Google co-founder, admitted the Gemini image generator was released without adequate testing, leading to significant errors. This follows CEO Sundar Pichai's acknowledgment of the issue as 'completely unacceptable'. The controversy arose after Gemini produced inaccurate images, prompting Google to temporarily halt its image generation feature. The company is working to resolve the issues, but a timeline for the feature's return remains unclear.

Portfolio Pulse from Rounak Jain

March 04, 2024 | 8:10 am

FFND

TSLA

Gary Black, a Tesla bull, suggests that Tesla and other EV leaders need to improve communication to convince rational pragmatists to adopt electric vehicles, similar to how Apple convinced users to switch to iPhones. Despite high interest rates, Black believes effective communication, not price cuts, is key to boosting EV adoption. Tesla's recent financial performance has been underwhelming, with missed expectations and concerns over first-quarter deliveries. Black holds Tesla in the Future Funds Active ETF (FFND) with a 5.07% weighting.

Portfolio Pulse from Shanthi Rexaline

March 04, 2024 | 7:51 am

AMZN

META

MSFT

NVDA

Dan Niles, a prominent hedge fund manager, has selected Nvidia, Meta, Microsoft, and Amazon as his top stock picks for 2024, citing their earnings potential amid AI bubble concerns. Despite negative revisions for other tech giants, these companies have seen a 50% average increase in EPS expectations since last year. Nvidia's leadership in AI chip production, Meta's investment in Nvidia, Microsoft's expansion of AI technologies, and mixed sentiment on Amazon highlight the diverse factors influencing these picks.

Portfolio Pulse from Benzinga Neuro

March 04, 2024 | 7:05 am

DOGEUSD

SHIBUSD

SOLUSD

Shytoshi Kusama, a lead developer for Shiba Inu (CRYPTO: SHIB), responded cryptically to a question about which meme coin to invest in, amidst a significant rise in meme coin popularity. SHIB has seen a 180% increase in the past week, outperforming Dogecoin (CRYPTO: DOGE). Another notable mention is Dogwifhat (CRYPTO: WIF), a Solana-based coin, which has surged 335.5% this week and is labeled a 'Shiba Inu Killer'.

Portfolio Pulse from Benzinga Neuro

March 04, 2024 | 7:01 am

TSLA

Tesla Inc (NASDAQ:TSLA) is offering 5,000 miles of free supercharging for customers who trade in their old vehicle for a new Tesla by March 31. The offer is limited and excludes the Cybertruck, used vehicle purchases, and business orders. Tesla's supercharger network, with over 50,000 units globally, recently opened to Ford and will extend to other EV makers like Rivian, General Motors, Volvo Car, and Polestar Automotive in spring. However, Tesla ensures exclusive supercharger access for its drivers to manage demand.

Portfolio Pulse from Anan Ashraf

March 04, 2024 | 6:48 am

DOGEUSD

SHIBUSD

SOLUSD

'BONK Killer' MILLI, a new meme cryptocurrency, surged 400% in value on the SEI blockchain, outperforming Dogecoin, Shiba Inu, and BONK. MILLI's market cap reached approximately $1 million with significant transaction volume. The MILLI team addressed market volatility concerns, aiming to restore token distribution and liquidity. MILLI also outperformed other SEI-based meme coins.

Portfolio Pulse from Mehab Qureshi

March 04, 2024 | 6:34 am

CGS International Securities has expanded its securities finance capabilities by adopting the Broadridge SFCM solution. This move is aimed at enhancing their operational efficiency and client service in the securities finance sector.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 6:27 am