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Apple Inc. is introducing a face-scanning feature in its Apple Store app to determine the correct size for its upcoming Apple Vision Pro mixed reality headset. The feature, which was found in the App Store app code, is part of Apple's efforts to ensure a perfect fit for the device, which includes a Light Seal and headband. Apple is branding the Vision Pro as a 'spatial computing' device and has developed specific terminology for developers. The Vision Pro will launch with a library of spatial games and movies, including over 250 games on Apple Arcade. FaceTime will also be optimized for the Vision Pro, displaying users as 'personas' during calls, compatible with third-party apps like Zoom and Microsoft Teams. Apple is focused on perfecting the Vision Pro launch, including training employees and preparing stores for a smooth customer experience.

Portfolio Pulse from Rounak Jain

January 12, 2024 | 10:48 am

ETHUSD

Ethereum co-founder Vitalik Buterin has proposed a 33.3% increase in the Ethereum block gas limit, from 30 million to 40 million units. This would allow more transactions per block, enhancing network capacity. The proposal, supported by Coinbase protocols lead Jesse Pollak, does not require a hard fork but can be implemented by validators adjusting node configurations. The proposal is seen as a positive development for the Ethereum network.

Portfolio Pulse from Mehab Qureshi

January 12, 2024 | 9:53 am

AAPL

Chinese AR company Rokid has raised $70 million in a funding round led by the government of Hefei City. Rokid, competing with Apple's Vision Pro, plans to use the funds to enhance its AR technology for industrial use, with a focus on safety and training in sectors like energy. The company also intends to establish an industrial metaverse headquarters and R&D center in Hefei. This move aligns with China's push to strengthen domestic advanced manufacturing amid supply chain diversification away from China.

Portfolio Pulse from Benzinga Neuro

January 12, 2024 | 8:18 am

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GOOGL

Google and the Chilean government have announced a partnership to build the Humboldt Cable Project, an undersea fiber-optic cable connecting South America with the Asia Pacific region. The cable will run from Valparaiso, Chile, to Sydney, Australia, and is expected to last 25 years. This project is significant amid the tech rivalry between China and the U.S. for influence in Latin America. Google's involvement is part of its broader efforts to expand its fiber-optic network, following the launch of a 20Gbps internet service through Google Fiber.

Portfolio Pulse from Benzinga Neuro

January 12, 2024 | 6:49 am

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TSLA

Tesla, Inc. (TSLA) has outperformed legacy automakers in U.S. sales growth over the past eight years, despite a general industry slowdown. Elon Musk praised his team in response to a Tesla influencer's post showing Tesla's U.S. sales increase by 632,088 units from 2015 to 2018. Legacy automakers like GM, Ford, and Stellantis reported sales declines, while Hyundai, Kia, Volkswagen, Geely, Subaru, and Mazda saw growth. Tesla's Q4 deliveries hit a record 484,507 units, with annual deliveries of 1.81 million. Tesla's production efficiency, diversified bases, and product appeal contribute to its success, while legacy automakers scale back EV ambitions. BYD has recently surpassed Tesla in battery EV manufacturing. Tesla's stock closed down 2.87% at $227.22.

Portfolio Pulse from Shanthi Rexaline

January 12, 2024 | 6:42 am

IRIX

Iridex Corporation will present its new 532® and 577® laser technologies at the Hawaiian Eye and Retina 2024 Meeting. These advancements in laser technology are expected to enhance the company's product offerings in the ophthalmic market.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 6:26 am

BTCUSD

Anthony Scaramucci, CEO of SkyBridge Capital and former White House Communications Director, expressed interest in buying spot Bitcoin ETFs following the SEC's approval for their creation. Scaramucci believes this approval is a pivotal moment for cryptocurrency, contributing to the growth of his hedge fund and predicting Bitcoin could surpass its all-time high by next year. The SEC's decision is seen as a significant step in mainstream financial adoption of Bitcoin, though it does not constitute an endorsement of the cryptocurrency.

Portfolio Pulse from Benzinga Neuro

January 12, 2024 | 6:18 am

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Jeff Bezos, founder of Amazon.com Inc. (NASDAQ:AMZN), celebrates his 60th birthday as the second-richest person in the world. Amazon, which started as an online bookstore, faced challenges during the dot-com bubble but survived and thrived, becoming a global e-commerce and technology giant. The article reflects on the potential returns of a $1000 investment in Amazon stock during the dot-com bubble compared to the present day, highlighting the company's resilience and growth. It also mentions Amazon's current ventures, including a significant investment in AI through Anthropic, and its dominance in cloud services with AWS.

Portfolio Pulse from Ananya Gairola

January 12, 2024 | 6:17 am

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Robinhood Inc (NASDAQ:HOOD) has added all 11 SEC-approved spot Bitcoin ETFs to its platform, allowing customers to trade them in retirement and standard brokerage accounts. This move follows the SEC's January 10 approval of these ETFs for trading across the U.S. Robinhood's General Manager Johann Kerbrat and CEO Vlad Tenev have expressed positive views on the development, highlighting the benefits for clients in terms of access and risk management in cryptocurrency investments. Bitcoin was trading at $46,050.65, up 0.38% at the time of the report.

Portfolio Pulse from Mehab Qureshi

January 12, 2024 | 5:41 am

BTCUSD

MSTR

Andrew Tate, a controversial figure, criticized the decision-making of crypto investors and highlighted his past advice on Bitcoin investments through his platform, THE REAL WORLD. He mentioned his previous recommendations when Bitcoin was at lower prices and noted the current price increase. Tate also contrasted Michael Saylor's positive approach to Bitcoin investment with Sam Bankman-Fried's negative approach, referencing the SEC's potential approval of a Bitcoin ETF.

Portfolio Pulse from Mehab Qureshi

January 12, 2024 | 4:14 am