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Amazon.com Inc. (NASDAQ:AMZN) CEO Andrew Jassy has outlined the three layers of generative AI during the company's Q2 2023 earnings call. The layers include the lowest layer targeted by developers, the middle layer offering large language models as a service, and the top layer running applications on top of these models. Jassy emphasized that Amazon's initial AI work is directed at businesses, not consumers. Apple Inc. (NASDAQ:AAPL) was also mentioned in the context of AI development.

Portfolio Pulse from Rounak Jain

August 04, 2023 | 3:03 pm

AAPL

Apple Inc (NASDAQ:AAPL) has reported a record-breaking quarter in India, with brisk sales of iPhones and the successful opening of its first two stores in the country. CEO Tim Cook highlighted the company's robust growth in India and ongoing efforts to expand its retail channel and increase direct-to-consumer offers. Despite a small share in the smartphone market, Cook sees enormous potential in India, the world's second-largest smartphone market.

Portfolio Pulse from Shomik Sen Bhattacharjee

August 04, 2023 | 3:00 pm

AAPL

AMZN

GOOGL

META

MSFT

Apple Inc.'s CEO, Tim Cook, revealed during the company's Q3 earnings call that they have been working on ChatGPT-like AI technology for years. This technology, similar to OpenAI's ChatGPT, has gained recognition for its language processing capabilities. Cook did not share specific details about Apple's developments in generative AI. Other tech giants like Alphabet Inc., Microsoft Corporation, Meta Platforms Inc., and Amazon.com Inc. are also making significant progress in this area.

Portfolio Pulse from Ananya Gairola

August 04, 2023 | 2:57 pm

TSLA

Tesla Inc. is reportedly preparing to launch the next-generation Model 3, which has been under development under the 'Highland' program. The new Model 3 is expected to feature design updates, chassis upgrades, and the new Hardware 4.0 self-driving technology. It may also be equipped with new battery cells from CATL for increased energy capacity and range. An official announcement is anticipated by the end of the month.

Portfolio Pulse from Benzinga Neuro

August 04, 2023 | 2:56 pm

AAPL

Apple Inc. (NASDAQ:AAPL) and carriers are preparing for the iPhone 15 Pro launch event likely scheduled for September 13. Despite rumors of delays due to supply and manufacturing issues, Apple has placed orders for displays and Samsung has started manufacturing them. Apple is also expected to launch the Apple Watch Series 9 and Apple Watch Ultra 2 at the event.

Portfolio Pulse from Rounak Jain

August 04, 2023 | 2:55 pm

AAPL

GOOG

GOOGL

The article discusses six features that Apple Inc. (NASDAQ:AAPL) borrowed from Android or Nokia phones for its iOS. These features include Standby Mode, Home Screen Widgets, Lock Screen Customization, Default Apps, App Library, and Picture-in-Picture Mode. The article suggests that both Apple and Alphabet Inc.'s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google have copied each other several times in the past and will likely continue to do so.

Portfolio Pulse from Rounak Jain

August 04, 2023 | 2:53 pm

CGEM

Taiho Oncology, Taiho Pharmaceutical, and Cullinan Oncology have launched the Rezilient3 Phase 3 trial of Zipalertinib plus chemotherapy as a potential first-line treatment for non-small cell lung cancer harboring EGFR Exon 20 insertion mutations.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:53 pm

AAPL

META

Apple Inc.'s CEO, Tim Cook, has been using the company's first-generation mixed-reality headset, Vision Pro, daily and expressed enthusiasm about its capabilities during the third-quarter earnings call. The product is expected to start shipping early next year. Apple's Vision Pro is priced at $3,499, in contrast to Meta Platforms Inc.'s upcoming Quest 3 headset, priced at $499.

Portfolio Pulse from Ananya Gairola

August 04, 2023 | 2:52 pm

TSLA

Tesla Inc (NASDAQ:TSLA) executives reportedly held a discreet meeting with India's commerce minister, Piyush Goyal, to discuss the possibility of setting up a manufacturing plant in India. This follows Tesla's previous expressions of interest in building a factory for a low-cost electric vehicle (EV) priced at $24,000 for the domestic Indian market and potential export opportunities. Tesla is looking to expand into India as it seeks to branch out beyond China, one of the company's biggest markets.

Portfolio Pulse from Arpit Nayak

August 04, 2023 | 2:52 pm

FSR

MGA

RIVN

TSLA

Fisker, Inc. (NYSE:FSR) unveiled four future electric vehicles (EVs) at its Product Vision Day, including the Fisker Ocean SUV, Fisker Ronin convertible, Fisker Pear, and Fisker Alaska EV pickup truck. The Fisker Ronin is expected to compete with Tesla, Inc.'s (NASDAQ:TSLA) Roadster, while the Fisker Alaska is set to enter the EV pickup truck market, where Tesla, Ford Motor Co.'s (NYSE:F) F-150 Lightning, Rivian Automotive, Inc.'s (NASDAQ:RIVN) R1T, and General Motor Co.'s (NYSE:GM) Silverado and Hummer are currently available. Fisker's vehicles are manufactured by Magna International Inc. (NYSE:MGA) in Austria.

Portfolio Pulse from Shanthi Rexaline

August 04, 2023 | 2:51 pm