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This week in AI featured Elon Musk denying xAI's capital raise reports, tech giants backing Biden's AI initiative, Apple's potential AI integration in iPhones, concerns over deepfake threats to US elections, and Tesla's plans to invest in AMD and Nvidia hardware. Musk refuted a Financial Times story about xAI raising $6 billion. Microsoft, Nvidia, and Meta support Biden's AI project. Apple is likely to incorporate generative AI into iPhones, and Tesla aims to purchase chips from AMD and invest in Nvidia hardware for AI advancements.

Portfolio Pulse from Benzinga Neuro

January 28, 2024 | 12:27 pm

AAPL

RIVN

DJ Novotney, Apple's Vice President of Hardware, has left the company to take on a top product role at Rivian. This move could signal a significant shift in talent between the tech giant and the electric vehicle manufacturer, potentially impacting their respective product development strategies.

Portfolio Pulse from Charles Gross

January 28, 2024 | 12:56 am

AMZN

CMCSA

DIS

NFLX

Amazon.com Inc (NASDAQ:AMZN) is set to introduce ads on its Prime Video platform, which could significantly boost its $38 billion advertising business. This move positions Amazon as a strong competitor in the streaming ad market, challenging traditional TV networks and digital platforms. Wall Street analysts estimate that this could generate over $5 billion in revenue for Amazon. The company's advertising rates are competitive, and it has received a positive response from agencies. Amazon's success in advertising is not guaranteed, as it competes with established players like Walt Disney Co (NYSE:DIS) and Comcast Corporation (NASDAQ:CMCSA), and Prime Video only accounts for 3.3% of U.S. TV-watching time.

Portfolio Pulse from Bibhu Pattnaik

January 27, 2024 | 8:21 pm

AKTUSD

DOGEUSD

RNDRUSD

SHIBUSD

TAOUSD

WLDUSD

Bittensor (CRYPTO: TAO), promoted by Grayscale and utilizing AI technology, has seen a 35.3% gain in the past week and a 254.2% year-on-year gain. In contrast, meme coins Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) fell by 7% and 21.3%, respectively. Grayscale tweeted about 'signs of adoption' for AI-related cryptocurrencies including TAO, Render (CRYPTO: RNDR), Akash Network (CRYPTO: AKT), and Worldcoin (CRYPTO: WLD). A 'full-time degen' and a PhD student highlighted the potential of AI in crypto, with the latter suggesting TAO could reach $100,000. Bittensor's network combats AI bias and has 32 specialized subnetworks. The four largest AI-adjacent crypto tokens rallied 522% in the last year, outperforming the Utilities and Services Crypto Sector.

Portfolio Pulse from Khyathi Dalal

January 27, 2024 | 3:41 pm

CMPS

GHRS

IXHL

PSIL

A new study suggests suggestibility plays a role in the antidepressant effects of psilocybin therapy. The EU has allocated $7M for psychedelic research for various disorders. In Australia, the first psychedelic-assisted medical treatments in 50 years were provided. Incannex Healthcare's CEO discussed the company's role in psychedelic-assisted therapies on the Benzinga Psychedelics Podcast. Psychedelics stocks showed varied performance, with COMPASS Pathways, GH Research, and Incannex Healthcare closing higher, while others like Seelos Therapeutics and Enveric Biosciences closed lower. The AdvisorShares Psychedelics ETF (PSIL) closed at $1.43.

Portfolio Pulse from Lara Goldstein

January 27, 2024 | 3:00 pm

AAPL

The article celebrates the 14th anniversary of the Apple iPad, highlighting its success and impact on Apple Inc.'s (AAPL) business. It details the iPad's introduction by Steve Jobs, its sales milestones, and the evolution of the product line. The article also compares the investment returns of $1,000 in Apple stock since the iPad's launch to the same investment in Nasdaq and S&P 500 index funds, showing Apple's significant outperformance. Additionally, it mentions other successful Apple products and the revenue generated by iPads in FY23.

Portfolio Pulse from Rounak Jain

January 27, 2024 | 2:51 pm

AAPL

AMD

AMZN

DOGEUSD

NVDA

TSLA

The past week saw a surge in U.S. stock markets with record highs for major indices, driven by AI investment excitement and anticipated Fed rate cuts. Nvidia (NVDA) and AMD are expected to overcome Q4 market challenges with AI technology. Amazon (AMZN) is seen as undervalued, with growth potential in AWS and retail. Dogecoin (DOGE) may rise to $0.10 on rumors of integration with Musk's X app, potentially affecting similar coins like FLOKI. Tesla (TSLA) faces analyst skepticism post-Q4 results. Apple's (AAPL) new product sees strong pre-orders but future demand is uncertain.

Portfolio Pulse from Michael Cohen

January 27, 2024 | 2:26 pm

MSFT

Microsoft CEO Satya Nadella has committed to taking swift action against the spread of non-consensual explicit deepfake images, such as the recent AI-generated fake nude images of Taylor Swift. Microsoft, a major investor in OpenAI, is investigating the incident and has emphasized the importance of creating a safe digital environment. The company has updated its Code of Conduct and strengthened content safety filters to prevent misuse of its services.

Portfolio Pulse from Ananya Gairola

January 27, 2024 | 10:26 am

BTCUSD

Chris Burniske, former crypto lead at Ark Invest, predicts Bitcoin could drop to $30,000-$36,000 and possibly mid-high $20,000s before reaching new highs. Despite a recent surge, Bitcoin had fallen nearly 20% after the debut of spot bitcoin ETFs. Analysts like Justin Bennett suggest Bitcoin could fall to $10,000-$15,000. The Bitcoin halving in April may affect profitability for Bitcoin miners. An Ethereum advocate criticized the crypto market as an 'unhinged casino'. Bitcoin trades at $41,787, up 3.99%.

Portfolio Pulse from Rounak Jain

January 27, 2024 | 8:44 am