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Ark Invest analyst Tasha Keeney highlighted that GM's Cruise took more risks in autonomous driving than Waymo or Tesla, with a higher crash rate per million miles. Despite the pause in Cruise operations due to safety concerns, its efforts alongside Waymo have aided regulatory approval for autonomous cars, which may benefit Tesla. Elon Musk responded, emphasizing the safety of Tesla's FSD and its future potential with Version 12 neural nets. Cruise has paused operations to rebuild trust and undergo safety reviews, planning a relaunch in one city.

Portfolio Pulse from Anan Ashraf

November 23, 2023 | 8:44 am

META

Meta Platforms Inc. (NASDAQ:META) has introduced a new feature on Instagram that allows users to download reels from public accounts, similar to TikTok's functionality. Instagram head Adam Mosseri announced the global rollout after a US test phase. The feature includes a watermark with the account name on downloaded reels. New reels will have the download option by default, while older reels can enable it manually. Users under 18 and private accounts have downloads disabled by default, but users under 18 can enable it manually.

Portfolio Pulse from Rounak Jain

November 23, 2023 | 7:55 am

TSLA

A video posted by Tesla enthusiast Jeremy Judkins, which appeared to show a Tesla Cybertruck crash test, went viral with over a million views. The video depicted the Cybertruck crashing into a wall at high speeds and shattering. However, Judkins later clarified that the video was CGI and intended as satire. Despite this, the video caused concern among viewers. This incident follows a previous instance where Tesla shared a fake Cybertruck crash test video as an April Fools' joke.

Portfolio Pulse from Anan Ashraf

November 23, 2023 | 6:26 am

GM

General Motors Co's autonomous vehicle subsidiary Cruise is planning to re-launch its operations in one city after a brief pause due to safety concerns. The pause came after an accident involving one of its AVs and subsequent suspension of permits by the California DMV. Cruise aims to rebuild trust and prove its performance in one city before expanding. The re-launch timeline and city name remain undisclosed. Cruise's co-founders resigned recently, but GM CEO Mary Barra remains optimistic about Cruise's potential.

Portfolio Pulse from Anan Ashraf

November 23, 2023 | 5:52 am

META

TWTR

Amid controversies with Elon Musk's X (formerly Twitter), Democrats and corporate leaders are exploring alternative communication platforms. High-profile individuals like President Biden and VP Harris, who have been active on X, are considering other options due to issues with leadership at OpenAI and allegations of misinformation on X. Mark Zuckerberg's Threads, a rival to X, has been identified as a potential alternative, despite concerns about Meta's own issues. This shift is partly due to dissatisfaction with X's content moderation policies, as highlighted by a letter from Democratic House members accusing X of profiting from misinformation.

Portfolio Pulse from Benzinga Neuro

November 23, 2023 | 4:42 am

TSLA

Tesla Inc (NASDAQ:TSLA) has made the design and engineering of its original Roadster fully open source, as announced by CEO Elon Musk. The original Roadster was Tesla's first vehicle, released in 2008. Musk indicated that individuals could now build their own Roadster, with the caveat that 'some assembly required.' Tesla's website includes a disclaimer that it provides no warranties for work done by non-Tesla personnel using the disclosed information. The new generation Roadster's production has been delayed, with an expected completion of design and engineering this year and production by the end of next year.

Portfolio Pulse from Anan Ashraf

November 23, 2023 | 4:10 am

AAPL

Apple Inc. CEO Tim Cook shared the five books that have significantly influenced him on Dua Lipa's BBC podcast. He discussed the importance of succession planning at Apple and revealed his daily strength training routine. The books mentioned include 'To Kill A Mockingbird', 'Shoe Dog', 'When Breath Becomes Air', 'I Am Malala', and biographies of civil rights leaders.

Portfolio Pulse from Ananya Gairola

November 23, 2023 | 4:09 am

AAPL

Apple Inc.'s (NASDAQ:AAPL) iPhone 15 series has been credited with reviving the global smartphone market, which saw a 5% YoY growth in October 2023 after a 27-month slump. The growth was particularly strong in emerging markets, with the Middle East and Africa leading. Apple's market share dominance was highlighted by a previous report showing a 43% market share. The company's performance has been robust despite overall market challenges, with Apple being the only smartphone maker to register YoY shipment growth in Q3 of the previous year.

Portfolio Pulse from Ananya Gairola

November 23, 2023 | 2:58 am

MSFT

The Cambridge Dictionary's Word of the Year, 'hallucinate', reflects a growing concern in the AI industry about the accuracy of AI-generated content. The term now describes AI systems presenting false data as true, leading to issues like job loss and misinformation. Microsoft has faced criticism for inaccuracies in AI-produced articles. Morgan Stanley analysts have noted the problem of AI fabricating facts. The release of Vectara's open-source Hallucination Evaluation Model represents a step towards responsible AI and reducing misinformation risks.

Portfolio Pulse from Benzinga Neuro

November 23, 2023 | 2:49 am

BIDU

DE

MARA

SPRC

TSLA

U.S. stock indices rose on Wednesday, with the Dow Jones up by 0.5%, NASDAQ by 0.46%, and S&P 500 by 0.41%. SciSparc Ltd surged 16.80% after announcing a non-binding letter of intent to merge with an Israeli vehicle importer. Deere & Company's stock fell 3.11% post Q4 FY23 results showing decreased net sales and revenue. Baidu Inc. climbed 5.91% due to positive Q3 financial results and analyst coverage. Marathon Digital Holdings rose 5.92% amid an uptrend in the crypto market. Tesla Inc. dropped 2.90% following legal concerns over its Autopilot system.

Portfolio Pulse from Benzinga Neuro

November 23, 2023 | 1:42 am