Streetbeat News

Products Services

NIO

TSLA

XPEV

Xpeng Inc. (NYSE:XPEV) plans to hire 4,000 employees in 2024, a 25% workforce increase, and invest $486.36 million in AI for intelligent driving, aiming to launch 30 new products in three years. Despite a tough market, Xpeng is optimistic about 2024. Meanwhile, Tesla Inc. (NASDAQ:TSLA) leads discounting in China, and Nio Inc. (NYSE:NIO) cut its workforce by 10% to improve efficiency.

Portfolio Pulse from Benzinga Neuro

February 19, 2024 | 12:46 pm

META

Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg announced the development of an AI-powered wristband, following the reveal of Ray-Ban AI glasses in 2023. On the Morning Brew Daily podcast, Zuckerberg highlighted the wristband as a 'neural interface' that picks up nervous system signals, aiming to bring AI technology closer to everyday life. Unlike Elon Musk's Neuralink, this device will not be implanted. The AI wristband is part of Meta's broader efforts to integrate AI into physical products, enhancing user experiences in real-world applications.

Portfolio Pulse from Rounak Jain

February 19, 2024 | 12:26 pm

F

TSLA

Tesla Inc.'s (NASDAQ:TSLA) Cybertruck is challenging Ford Motor Co's (NYSE:F) dominance in the pickup truck market, historically led by the F-150. Despite Tesla's success with the Model Y, experts and consumers express mixed feelings about the Cybertruck's potential to dethrone the F-150. Factors such as design, price, and range are discussed, alongside Tesla's direct sales model and production capabilities compared to Ford's extensive dealer network and production volume. The article also touches on the broader EV market and consumer preferences.

Portfolio Pulse from Ramakrishnan M

February 19, 2024 | 12:13 pm

FSR

Tech YouTuber Marques Brownlee criticized Fisker Inc's Ocean SUV, calling it the worst car he's reviewed due to multiple issues, despite solid fundamentals. Fisker faces challenges in the competitive electric SUV market, with the NHTSA investigating complaints about the vehicle. Fisker's stock has fallen nearly 89% over the past year.

Portfolio Pulse from Anan Ashraf

February 19, 2024 | 10:38 am

META

Meta Platforms Inc. CEO Mark Zuckerberg discussed the impact of AI on jobs, expressing optimism about AI's potential to enhance lives but acknowledging uncertainty about the immediate future of work. He highlighted the transformative nature of AI, suggesting some jobs may become automated, while emphasizing the underutilization of human ingenuity. The article also references OpenAI's Sam Altman's UBI proposal and the WEF's job impact predictions by 2025.

Portfolio Pulse from Rounak Jain

February 19, 2024 | 10:35 am

NTDOY

Nintendo Co (OTC:NTDOY) shares dropped 6% amid reports of a potential delay in the launch of its next-generation console, rumored to be the Switch 2, until early 2025. The delay is a deviation from the original plan to release the console later this year. Despite no official confirmation from Nintendo about the successor to the Switch, expectations are high for the new device. The delay news follows earlier reports of a significant upgrade for the rumored console, including an 8-inch LCD screen, which faced criticism from fans.

Portfolio Pulse from Benzinga Neuro

February 19, 2024 | 10:27 am

META

Meta Platforms Inc. CEO Mark Zuckerberg emphasized the company's ongoing commitment to the metaverse, despite the current focus on AI. In a podcast interview, he highlighted Meta's substantial annual investment of at least $15 billion in both AI and the metaverse. Zuckerberg's remarks underscore the importance of the metaverse to Meta's long-term strategy, even as AI garners more immediate attention. This comes amid scrutiny of Meta's metaverse initiatives, including a public critique by Elon Musk and layoffs in the Reality Labs unit.

Portfolio Pulse from Ananya Gairola

February 19, 2024 | 9:10 am

ETH-USD

Ethereum co-founder Vitalik Buterin expressed excitement about AI's potential to address Ethereum's major technical challenge: bugs in its code. He highlighted AI-assisted formal verification and bug finding as game-changing applications. Buterin has previously voiced concerns over AI risks but remains optimistic about constructive AI use in cryptocurrency, including prediction markets and user guidance.

Portfolio Pulse from Ananya Gairola

February 19, 2024 | 7:33 am

ACDVF

Air Canada (OTC:ACDVF) was ordered to refund a passenger misled by its chatbot about bereavement fares. The airline argued the chatbot was a separate legal entity, but the tribunal ruled against it, ordering a partial refund. This case highlights the legal and operational challenges companies face with AI chatbots, amid growing reliance on such technology across various sectors.

Portfolio Pulse from Ananya Gairola

February 19, 2024 | 7:28 am

BYDDF

BYDDY

BYD Co Ltd, backed by Warren Buffett, announced a stock buyback and plans to expand luxury car production amid a stock price slump and market challenges. Despite a 74.5% net profit increase in 2023 and surpassing Tesla in EV sales, BYD's shares have fallen 11.4% this year due to concerns over a potential price war and China's economic performance. The company aims to revive its stock price and diversify its product line with these new strategies.

Portfolio Pulse from Benzinga Neuro

February 19, 2024 | 7:23 am