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BABA

META

Alibaba Group's cloud computing division has announced its support for Meta Platform Inc's open-source artificial intelligence (AI) model Llama, becoming the first Chinese enterprise to do so. Alibaba Cloud has launched the first training and deployment solution for the entire Llama2 series in China. This move could boost Alibaba's cloud business and foster closer ties between Meta and China.

Portfolio Pulse from Benzinga Neuro

July 26, 2023 | 5:52 am

TSLA

Tesla Inc's CEO, Elon Musk, has stated that affordability is the limiting factor for people in the US buying Tesla vehicles, not a lack of interest. This was in response to a survey showing that half of America wants a Tesla. The survey, conducted by Autotrader, also showed that Tesla is the most popular brand in America and in 38 other countries worldwide. Musk has hinted that Tesla may further cut prices depending on market conditions and interest rates.

Portfolio Pulse from Anan Ashraf

July 26, 2023 | 3:07 am

CMPS

A clinical trial conducted by UC-San Diego has found that COMPASS Pathways' synthetic psilocybin COMP360 treatment could potentially be used to treat anorexia nervosa. The study found that a single 25-milligram dose of COMP360, paired with psychological support, led to significant reductions in eating disorder psychopathology in 40% of participants, three months post-administration. The treatment also led to reductions in shape and weight concerns, an increase in body mass index (BMI) in 50% of participants, and more positive feelings about life in 90% of participants. COMPASS intends to build on these promising results with a larger Phase 2 clinical study.

Portfolio Pulse from Lara Goldstein

July 25, 2023 | 11:04 pm

UBSFF

Ubisoft Entertainment SA (OTC:UBSFF) has clarified that rumors of the company deleting inactive accounts and permanently erasing digital game libraries are false. The company does delete inactive accounts in accordance with EU's General Data Protection Regulation (GDPR), but the deletion criteria do not include accounts with purchased games. Accounts are considered based on gaming activity, libraries, duration of inactivity, and the presence of an active subscription.

Portfolio Pulse from Franca Quarneti

July 25, 2023 | 9:37 pm

GOOG

GOOGL

Alphabet CEO Sundar Pichai announced that the upcoming Android 14 will include generative AI tools. This could potentially enhance the user experience and increase the competitiveness of Alphabet's products.

Portfolio Pulse from Charles Gross

July 25, 2023 | 9:15 pm

GOOG

GOOGL

Alphabet's CEO, Sundar Pichai, announced in a conference call that advertisements will be displayed alongside search AI results.

Portfolio Pulse from Charles Gross

July 25, 2023 | 9:13 pm

CRM

Matthew McConaughey, actor and brand ambassador for Salesforce Inc (NYSE:CRM), has been involved in high-level strategy discussions and serves as a creative advisor for the company. He starred in Salesforce’s commercials, including a Super Bowl ad and a 15-second ad titled 'AI Sheriff'. The campaign, launched alongside Salesforce's #AskMoreOfAI newsletter on LinkedIn, advocates for the responsible and ethical integration of AI technologies and addresses key AI-related concerns such as the skills gap, data privacy, and security.

Portfolio Pulse from AJ Fabino

July 25, 2023 | 9:10 pm

W

Wayfair Inc (NYSE:W) has launched a new generative artificial intelligence platform called Decorify. The platform creates shoppable and photorealistic images using generative AI, allowing customers to visualize Wayfair products in their homes. The tool is free and could potentially increase sales for the company. Wayfair's shares closed down 0.95% to $68.72 on Tuesday, but are up 110% year-to-date in 2023.

Portfolio Pulse from Chris Katje

July 25, 2023 | 8:47 pm

SNAP

Snap Inc. reported Q2 revenue of $1.07 billion, down 4% YoY but beating the Street consensus estimate of $1.05 billion. The company reported a loss of two cents per share, better than the estimated loss of four cents per share. Daily active users were up 14% YoY to 397 million. The company's AI chatbot, My AI, has been used by 150 million people since its launch in May. Snap is guiding for Q3 revenue to be between $1.07 billion and $1.13 billion, ahead of the Street consensus estimate of $945.95 million.

Portfolio Pulse from Chris Katje

July 25, 2023 | 8:42 pm

GTLS

Chart Industries has been contracted to supply hydrogen compressors for hydrogen production in China. This could potentially increase the company's revenue and market presence in China.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:40 pm