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AAPL

HNHPF

Foxconn, a Taiwanese electronics company, has started the production of Apple's upcoming iPhone 15 in India. This move is part of Apple's strategy to diversify its manufacturing away from China and mitigate supply chain risks. Apple also plans to produce its AirPods at Foxconn’s facility in Hyderabad, India. The expansion in India has been supported by financial incentives from the government, leading to a substantial increase in iPhone production. Apple aims to manufacture 15 million iPhone 15 units in India this year, which would make up 20% of its global production.

Portfolio Pulse from Arpit Nayak

August 16, 2023 | 8:37 am

TSLA

Tesla Inc's CEO, Elon Musk, announced that he will live stream the test drive of version 12 of its full self-driving software on his social media platform X, formerly Twitter, next week.

Portfolio Pulse from Anan Ashraf

August 16, 2023 | 8:31 am

SNAP

Snapchat's AI-powered chatbot, MyAI, alarmed users by posting enigmatic stories autonomously. The issue was later resolved by Snapchat, stating it was a temporary outage. The chatbot, powered by OpenAI’s ChatGPT, was rolled out to Snap+ subscribers in February and helped boost its paying subscriber base by 3 million. However, there have been concerns about the chatbot providing unsuitable advice.

Portfolio Pulse from Ananya Gairola

August 16, 2023 | 8:05 am

AAPL

Apple's 16-inch MacBook Pro with M1 Max chip is available at a $1,200 discount on Adorama. Despite the presence of M2-powered MacBooks, the M1 Max MacBook Pro remains a powerful option for most tasks, including intensive video editing and multitasking.

Portfolio Pulse from Rounak Jain

August 16, 2023 | 7:57 am

META

OpenAI has been using its latest language model, GPT-4, to moderate content and has suggested that social media platforms like Meta Platforms Inc.’s Facebook, Instagram, and Elon Musk’s X (formerly Twitter) should also adopt this approach. The use of AI for content moderation could reduce the mental burden on human moderators. However, GPT-4's content moderation incurs higher costs than alternative tools.

Portfolio Pulse from Ananya Gairola

August 16, 2023 | 6:52 am

TSLA

Tesla Inc (NASDAQ:TSLA) has announced a nearly 7% discount on its inventory of Model S and X vehicles in China. This comes a day after Tesla introduced a 'standard range' version of Model S and Model X priced $10,000 less than the Long Range version. The lower-priced versions come with a lower driving range.

Portfolio Pulse from Anan Ashraf

August 16, 2023 | 6:24 am

TSLA

Tesla Inc. has unveiled a new home charging solution for non-Tesla EVs in North America, the Tesla Universal Wall Connector. The product is inspired by Tesla’s Magic Dock and is designed for home and commercial level 2 charging. It can transform into an integrated J1772 adapter and has features like 44 miles of range added per hour at 11.5 kW/48-amp output, Wi-Fi connectivity, and power-sharing with up to six Wall Connectors. The product is priced at $595 and deliveries are set to commence in October.

Portfolio Pulse from Benzinga Neuro

August 16, 2023 | 5:01 am

META

Elon Musk's X has transitioned TweetDeck, a web application, to a paid service, ending its free availability. The move has been met with mixed reactions, with some users comparing it to Meta Platforms Inc.'s free offerings. The change could potentially drive users towards Meta's Threads, a similar platform.

Portfolio Pulse from Ananya Gairola

August 16, 2023 | 4:49 am

AAL

GOOG

Ark Investment Management analyst, Sam Korus, sees potential in AI reducing the aviation industry's environmental impact. He cited the example of American Airlines' 70 test flights using a Google-developed AI algorithm, which reduced condensation trails by 54%. Google's algorithm creates forecast maps for contrail formation locations, enabling pilots to avoid them. However, rerouting to avoid contrails resulted in a 2% increase in fuel consumption.

Portfolio Pulse from Anan Ashraf

August 16, 2023 | 3:48 am

QCOM

TWTR

Elon Musk's strategy to increase profitability for X Premium, previously known as Twitter, through cash offers to creators has seen minimal success, with less than 100,000 new subscribers joining from July 1 to August 10. Despite the platform's features and Musk's rebranding efforts, growth has been sluggish. The platform is a crucial source of ongoing income for Musk, especially after his acquisition of Twitter for $44 billion in 2022.

Portfolio Pulse from Benzinga Neuro

August 16, 2023 | 3:34 am