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ACN

Accenture Plc CEO Julie Sweet stated that most firms are not ready for AI implementation due to inadequate data infrastructure and safety control systems. Despite keen interest in AI, concerns over data protection and AI model accuracy are delaying deployment. Accenture, which has invested in generative AI and collaborates with Microsoft on AI tools, sees this as a significant part of their future business. Sweet emphasized the need for companies to understand AI risks and manage them responsibly.

Portfolio Pulse from Ananya Gairola

December 20, 2023 | 10:32 am

ACN

FDS

GIS

MU

WGO

The Dow Jones continued its upward trend, closing higher for the ninth consecutive day, while the Nasdaq Composite surpassed the 15,000 mark for the first time since January 2022. The S&P 500 sectors all ended positively, with energy, communication services, and materials leading the gains. Accenture Plc reported strong Q1 earnings but a weak sales forecast, causing its shares to drop. FactSet Research Systems also saw a decline in shares after its Q1 earnings report. Investors are looking forward to earnings from Micron Technology, Winnebago Industries, and General Mills. The CNN Money Fear and Greed index indicates 'Extreme Greed' in the market.

Portfolio Pulse from Avi Kapoor

December 20, 2023 | 10:21 am

AAPL

Apple Inc. has introduced a new generative AI technology called HUGS, which stands for Human Gaussian Splats. This technology can create a digital human avatar from a short video in approximately 30 minutes. The avatars are fully animatable and can be produced at a rendering speed of 60fps at HD resolution. The research was conducted in partnership with the Max Planck Institute for Intelligent Systems and underscores Apple's focus on AI as a central component of its products and future growth, as emphasized by CEO Tim Cook.

Portfolio Pulse from Ananya Gairola

December 20, 2023 | 10:05 am

FMS

Intas Pharmaceuticals Ltd. has entered into an exclusive licensing agreement with mAbxience, a Fresenius Kabi majority-owned group, for the commercialization of a biosimilar for Etanercept, a drug used to treat autoimmune diseases. The agreement grants Intas rights to commercialize the biosimilar in over 150 countries. mAbxience will handle development, manufacturing, and supply. The deal is expected to strengthen Intas's global biosimilar portfolio and improve access to autoimmune disease treatments worldwide.

Portfolio Pulse from Charles Gross

December 20, 2023 | 10:02 am

F

STLA

TM

TSLA

VGK

The European Automobile Manufacturers' Association (ACEA) reported a 6.7% increase in new car registrations in Europe for November. Battery electric vehicles (BEVs) reached a market share of 16.3%. This data may reflect the performance of car manufacturers such as Ford (F), Stellantis (STLA), Toyota (TM), and Tesla (TSLA), as well as the broader European market tracked by ETFs like VGK.

Portfolio Pulse from Charles Gross

December 20, 2023 | 9:52 am

TSLA

Gary Black, co-founder of Future Fund, anticipates changes to Tesla's U.S. price matrix for Model Y and Model 3 vehicles in response to the removal of EV credits. He predicts price increases for Model Y and decreases for Model 3 to maintain revenue neutrality and align with Tesla's historical pricing strategy. This comes as Tesla faces challenges with EV adoption due to economic conditions and consumer perceptions of high costs. Tesla's stock price has been affected by previous price cuts impacting margins.

Portfolio Pulse from Shanthi Rexaline

December 20, 2023 | 9:08 am

GOOG

MSFT

Microsoft Corp. has introduced a new extension called Suno for Copilot, allowing users to generate AI songs using just a line of text. Suno, created by musicians and AI experts in Cambridge, enables the creation of songs with lyrics, instrumentation, and voice. The service is free for up to 10 songs per day or 300 per month, with paid plans for more frequent users. Microsoft's integration of AI into its products is part of a broader trend, with rivals like Alphabet Inc.'s YouTube also exploring generative AI music tools.

Portfolio Pulse from Rounak Jain

December 20, 2023 | 8:58 am

HIMX

Himax Technologies is set to unveil its new generation WiseEye AI processor, WE2, at CES 2024. This announcement could indicate the company's continued innovation and commitment to the AI sector, potentially impacting its market position and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 8:41 am

LNVGY

Lenovo Group Ltd.'s (OTC:LNVGY) stock has surged over 30% since mid-October and 60% this year, driven by a global recovery in PC demand and excitement over AI products. The company's performance is its strongest since 2009, with optimism for continued growth into 2024. Lenovo's focus on commercial models and AI technology, including its first AI server project, has garnered positive views from analysts at Goldman Sachs and support from investors. Edmond de Rothschild Asset Management suggests the rally could persist if Lenovo meets its guidance and the market favors its AI PC applications.

Portfolio Pulse from kaustubh@benzinga.com

December 20, 2023 | 8:31 am

GOOG

GOOGL

META

Google, under Alphabet Inc. (GOOG, GOOGL), is restricting election-related queries on its AI chatbot Bard and search generative experience ahead of the 2024 U.S. Presidential election. This follows Meta Platforms Inc. (META)'s decision to ban political campaigns from using its AI advertising products and to require disclosure of AI use in political ads. The moves reflect concerns over AI's role in spreading misinformation during elections.

Portfolio Pulse from Ananya Gairola

December 20, 2023 | 8:15 am