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GOOG

GOOGL

UBER

Google, a subsidiary of Alphabet Inc, has unveiled a new artificial intelligence model, Robotics Transformer 2 (RT-2), that translates vision and language into robotic actions. This first-of-its-kind vision-language action (VLA) model combines text and image data from the web to produce robotic actions. The model can transfer knowledge from its language and vision training data to handle new tasks, even without specific training. While Google does not plan to commercialize the model, it could find applications in warehouses or as home assistants.

Portfolio Pulse from Anusuya Lahiri

July 28, 2023 | 4:23 pm

BGXX

Bright Green Corporation has received federal registration and license approval from the U.S. Drug Enforcement Administration, which establishes them as a trusted bulk manufacturer of cannabis.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 4:09 pm

GOGO

Gogo Inc. has announced a delay in the launch of its Gogo 5G system due to a design error, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 3:53 pm

GOGO

Gogo Business Aviation (NASDAQ:GOGO) has announced a delay in the launch of its Gogo 5G system due to a design error in a non-5G component of its chip. The delay is expected to reduce 2023 revenue by approximately $7 million and defer about $13 million in operating and capital expenses from 2023 into 2024. Despite the delay, Gogo remains confident in its 5G product and plans to launch it in mid-2024.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 3:52 pm

MSFT

NVDA

Microsoft has updated its annual report to highlight the importance of securing GPUs for its data centers, emphasizing the critical role of these units in its growing cloud business. The company has been increasing capital expenditures, including for GPUs, to meet the rising demand for cloud-based AI services. Microsoft has also signed an agreement with Nvidia-backed CoreWeave to secure enough capacity. The company is also speeding up the deployment of its own custom AI processor.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 3:38 pm

HITI

High Tide Inc. (NASDAQ:HITI) announced the opening of its 154th Canna Cabana retail cannabis store in St. Thomas, Ontario, marking its 50th location in the province. The new store will begin selling recreational cannabis products and consumption accessories for adult use on July 30. The company plans to use the location as a pilot for a potential new concept that heavily focuses on its proprietary Fastendr retail kiosk technology. High Tide aims to achieve positive free cash flow by the end of the year.

Portfolio Pulse from Vuk Zdinjak

July 28, 2023 | 2:57 pm

AEMD

INDA

The Indian government has reported 27 confirmed cases of monkeypox disease in the country, with 12 cases in Kerala and 15 in Delhi. The World Health Organization (WHO) has declared an outbreak of monkeypox disease as a Public Health Emergency. The treatment for the disease remains largely supportive.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 2:35 pm

AVCNF

Avicanna Inc. has announced its initial portfolio offering and network for the MyMedi.ca platform, set to launch in early August. The platform will offer a broad and diverse portfolio of products from brands including Organigram, Pure Sunfarms, Wana, The Green Organic Dutchman, and Medipharm Labs.

Portfolio Pulse from Vuk Zdinjak

July 28, 2023 | 2:34 pm

AAL

AAPL

AZN

CVX

DASH

DIS

META

SNY

TSLA

XOM

DoorDash is testing an AI-based chatbot to speed up food ordering. Disney plans to limit premium users of its Disney+ Hotstar streaming service in India to logging in from just four devices. Apple's iPhone shipments fell by 6% in Q2, while Google's Android shipments fell by 38%. American Airlines pilots union reached an agreement with the management on proposed enhancements to the Tentative Agreement. Unilever named Ian Meakins as the new Chairman. Toyota Motor disclosed improved sales and production in June and H1 2023. Research finds limited impact of social media algorithms on political beliefs. Vietnamese automaker VinFast proposes to begin construction on its electric vehicle factory in North Carolina. Toyota divests $1.8B stake in KDDI to focus on EVs. Exxon Mobil and Chevron posted mixed Q2 results. AstraZeneca beat Q2 earnings consensus despite zero COVID-19 vaccine sales. Sanofi reported lower Q2 earnings but lifted 2023 outlook. Colgate-Palmolive and Procter & Gamble reported better than expected Q2 earnings.

Portfolio Pulse from Vandana Singh

July 28, 2023 | 2:24 pm

INDA

TSLA

Senior Tesla executives have held discussions with officials from India's investment promotion arm, Invest India, regarding the company's plans to enter the Indian market. Tesla has expressed interest in building a factory in India to produce a low-cost electric vehicle priced at $24,000, which is 25% cheaper than Tesla's current entry model. The vehicle would be for both the Indian market and export. The discussions represent a significant shift for Tesla after previous efforts to reduce import taxes on EVs shipped to India were unsuccessful.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 2:21 pm