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Apple Inc. has made several significant developments over the past week, including a $1B investment in generative AI, a major overhaul of its TV app for streaming dominance, and potential product redesigns. The company plans to procure between 2,000 and 3,000 AI servers in 2023, with a significant increase to 18,000 to 20,000 units in 2024. Apple's TV app overhaul includes discontinuing specific apps on the Apple TV box and removing sections for movies and TV shows in the iTunes Store app. Analyst predictions suggest a total MacBook Pro redesign by 2025. The iPhone 15 Pro's ratings have also stirred discussions.

Portfolio Pulse from Benzinga Neuro

October 29, 2023 | 1:44 pm

AMZN

GOOG

GOOGL

META

MSFT

President Joe Biden is reportedly set to sign an executive order that will shape how federal agencies use artificial intelligence (AI). The order will mandate AI developers to disclose their training and testing methodologies to federal entities. It will also address labor and discrimination issues, misuse of AI in developing biological weapons, and enhance privacy and safety. The order will impact tech giants like Microsoft Corp (NASDAQ:MSFT), Amazon.com Inc (NASDAQ:AMZN), Meta Platforms, Inc. (NASDAQ:META), and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL).

Portfolio Pulse from Nabaparna Bhattacharya

October 28, 2023 | 9:12 pm

CAH

CVS

RADCQ

TGT

The FDA has issued a warning against the use of certain over-the-counter eye drop products due to potential risk of eye infections. The brands associated with this warning include CVS Health Corporation, Cardinal Health, Inc., Rite Aid Corp., and Target Corporation. The FDA has recommended that the manufacturer recall all batches of the affected products. Major retail chains have begun removing the implicated products from their shelves and online platforms.

Portfolio Pulse from Nabaparna Bhattacharya

October 28, 2023 | 4:49 pm

BIDU

TSLA

Zhejiang Geely Holding Group Co. and Baidu Inc have launched the Jiyue 01, an electric vehicle (EV) from their joint venture. The vehicle is priced below Tesla's starting price and uses a pure vision system for driver assistance, similar to Tesla. However, Tesla's full self-driving (FSD) software is currently inaccessible in China, creating a market gap that Jiyue and other players like XPeng are looking to fill.

Portfolio Pulse from Benzinga Neuro

October 28, 2023 | 9:38 am

TSLA

Tesla Inc. is planning to expand its merchandise accessibility at Supercharger stations worldwide, turning charging time into shopping time for customers. The company's Senior Vice President of Powertrain and Energy Engineering, Drew Baglino, stated that they are working to improve access to merchandise and amenities at more Superchargers worldwide and to keep merchandise in stock. This move is expected to enhance the user experience for EV drivers who can shop while their vehicle charges.

Portfolio Pulse from Anan Ashraf

October 28, 2023 | 8:49 am

AAPL

Apple Inc. is reportedly planning to use its first-generation mixed reality headset, Vision Pro, for diagnosing and potentially treating mental health conditions. The device, priced at $3,500, is equipped with sensors and cameras that could identify users' emotions and feelings, potentially diagnosing conditions such as anxiety, depression, PTSD, and other stress-related disorders. However, production issues have reportedly caused Apple to reduce its 2024 Vision Pro production forecast.

Portfolio Pulse from Benzinga Neuro

October 28, 2023 | 3:10 am

TSLA

Tesla Inc (NASDAQ:TSLA) has launched a Cybertruck Delivery Event shareholder lottery to select shareholders who will attend the event at Gigafactory Texas on Nov. 30. The company aims to deliver roughly 0.25 million Cybertrucks in a year, which is expected to significantly contribute to the company's cash flow. However, this might not happen next year, according to CEO Elon Musk.

Portfolio Pulse from Anan Ashraf

October 28, 2023 | 2:56 am

AAPL

META

Meta Platforms Inc. (NASDAQ:META) has reportedly cut its shipment forecast for Quest 3 by 5-10% following a $3.7 billion operating loss primarily linked to decreased Quest 2 sales. Analyst Ming-Chi Kuo from TF International Securities predicts that Reality Labs' losses will continue to widen due to lower-than-expected market demand. He also highlighted the impending competition from Apple Inc.'s (NASDAQ:AAPL) first-generation mixed-reality headset, Vision Pro, which is technically 2-3 years ahead of Meta's Quest.

Portfolio Pulse from Ananya Gairola

October 28, 2023 | 2:13 am

LUNR

Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW) has announced that the liftoff of the IM-1 lunar mission, in coordination with SpaceX, is now targeted for a multi-day launch window opening on January 12, 2024. This will be the company's first attempted lunar landing as part of NASA's Commercial Lunar Payload Services initiative.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 9:27 pm

AMC

CNK

DIS

PARA

Walt Disney Co (NYSE:DIS) has announced further delays to its movie releases due to the ongoing Hollywood Strike, which could put more pressure on the company's other business lines. The company's shares have fallen significantly in the last year and are trading at decade lows. The delays include the live-action 'Snow White' movie and 'Elio', a film from Pixar studio. The company also removed 'Magazine Dreams' from the calendar due to the film's star's legal troubles. Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) also announced a delay for the next 'Mission: Impossible' movie. The delays could impact movie theater companies like Cinemark Holdings, Inc. (NYSE:CNK) and AMC Entertainment Holdings (NYSE:AMC).

Portfolio Pulse from Chris Katje

October 27, 2023 | 8:32 pm