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MSFT

Microsoft's Bing Image Creator, powered by DALL-E 3, has generated over 1.8 billion realistic images. The tool, developed by OpenAI, has been operational since March. The company's CEO, Satya Nadella, revealed this during the Q1 earnings call, also noting that Bing users have engaged in more than 1.9 billion chats. The tool is available for free in exchange for a Microsoft account.

Portfolio Pulse from Ananya Gairola

October 25, 2023 | 7:35 am

TW

Tradeweb Markets Inc. (NASDAQ:TW) and FTSE Russell, an LSEG business, have announced a strategic partnership to develop the next generation of fixed income index pricing and index trading products.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 7:32 am

FRLN

Freeline has presented new data from its Phase 1/2 GALILEO-1 trial of FLT201, a novel gene therapy candidate for Gaucher disease. The results are promising and could potentially lead to a new treatment option for patients with this rare genetic disorder.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 7:27 am

AMZN

Amazon Web Services (AWS) plans to launch the AWS European Sovereign Cloud to meet strict regulatory demands in Europe. This move is expected to enhance AWS's compliance with European data protection laws and increase its market share in the region.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 7:26 am

FFIE

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) announced that Justin Bell, one of its Developer Co-Creation Officers, has taken delivery of his FF 91 2.0 Futurist Alliance. The delivery took place at the Willow Springs International Raceway. The FF 91 2.0 also beat the best lap time in its class, previously recorded by a Lamborghini Urus.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 7:24 am

GRFS

Grifols' Araclon Biotech has announced the final results from its Phase 2 trial of ABvac40, an active vaccine against the Aβ40 peptide, for the treatment of patients with early-stage Alzheimer's disease.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 7:01 am

AAPL

BB

GOOG

GOOGL

MSFT

NOK

Microsoft CEO Satya Nadella has admitted that exiting the smartphone industry was a mistake. The company shut down Windows Phone in 2017, two years after writing off its $7.6 billion acquisition of Nokia's smartphone business. Since then, Microsoft has attempted to re-enter the smartphone market with the Android-powered Surface Duo and Surface Duo 2. However, it's unclear if the company plans to launch a new phone.

Portfolio Pulse from Rounak Jain

October 25, 2023 | 7:00 am

BYDDF

BYDDY

TSLA

Warren Buffett-backed electric vehicle maker BYD Manufacturing Co. Ltd. (OTC:BYDDY) (OTC:BYDDF) has been outperforming Tesla, Inc. (NASDAQ:TSLA) in China in terms of sales. California Governor Gavin Newsom praised BYD's ultra-luxury Yangwang U8 extended-range EV during a visit to China. BYD sold 286,903 new energy vehicles in September, compared to Tesla's 74,073 made-in-China vehicles. BYD expects its Q3 profits to increase by 67%-102% YoY due to strong sales and effective cost controls.

Portfolio Pulse from Shanthi Rexaline

October 25, 2023 | 6:10 am

GOOG

GOOGL

Alphabet Inc's self-driving technology unit, Waymo, is expanding its commercial ride-hailing service, adding over 100,000 people from its San Francisco waitlist. The company also announced that Austin will be the next city for its ride-hail service. This comes after Waymo and General Motors' Cruise received permits for 24/7 fare-based autonomous operations in San Francisco in August.

Portfolio Pulse from Anan Ashraf

October 25, 2023 | 6:04 am

GM

General Motors' autonomous driving unit, Cruise, reported a 47% increase in losses from $497 million to $732 million in the last quarter due to ambitious scaling efforts. Despite this, GM's CEO Mary Barra remains optimistic about Cruise's growth and expansion. However, the California Department of Motor Vehicles suspended Cruise's autonomous vehicle deployment and driverless testing permits in San Francisco due to safety concerns. Morgan Stanley's Adam Jonas remains bullish on Cruise's prospects, predicting $1 billion in revenue by 2025.

Portfolio Pulse from Anan Ashraf

October 25, 2023 | 5:37 am