Streetbeat News

Regulatory

FXI

China's State Council has announced plans to encourage private investment projects to issue Real Estate Investment Trusts (REITs) in the infrastructure sector.

Portfolio Pulse from Charles Gross

July 24, 2023 | 12:29 am

FXI

China's State Council plans to promote high-quality development of private investment, encouraging private investment in transport, water, clean energy, new infrastructure, and modern agriculture.

Portfolio Pulse from Charles Gross

July 24, 2023 | 12:28 am

SPY

VGK

In a recent CNN interview, U.S. Secretary of State Blinken stated that Ukraine has reclaimed 50% of the land previously seized by Russia.

Portfolio Pulse from Charles Gross

July 23, 2023 | 2:35 pm

BLK

BTCUSD

DOGEUSD

ETHUSD

TSLA

This week in cryptocurrency saw Elon Musk's influence on Dogecoin's value, Tesla's unchanged Bitcoin position, Robert F. Kennedy Jr.'s proposal to back the dollar with Bitcoin, and BlackRock CEO Larry Fink's revelation about the demand for Bitcoin and Ethereum among gold investors. Nassim Nicholas Taleb, author of “Black Swan,” criticized the investment in Non-Fungible Tokens (NFTs).

Portfolio Pulse from Benzinga Neuro

July 23, 2023 | 2:18 pm

AAPL

META

TSLA

This week in AI saw developments such as OpenAI's ChatGPT showing promising results in a hypothetical investment portfolio challenge, with Tesla being a key asset. A new AI tool, CHARM, showed potential in cancer treatment. President Biden made comments about AI regulation. Mark Zuckerberg announced plans to open up Meta's LLaMA 2 to developers. Apple is reportedly working on AI tools that could challenge those of OpenAI and Google.

Portfolio Pulse from Benzinga Neuro

July 23, 2023 | 9:04 am

AAPL

This week, Apple Inc. (NASDAQ:AAPL) unveiled its Vision Pro backend, which will be used in the upcoming developer kit release. The company's AirTag helped a magician locate his lost bag, and the Vision Pro team has reportedly challenged Steve Jobs' management approach. The iPhone 15 series is expected to have larger batteries, and Apple has threatened to pull iMessage and FaceTime in the UK if a proposed surveillance bill becomes law.

Portfolio Pulse from Benzinga Neuro

July 23, 2023 | 7:05 am

INTC

MU

NVDA

QCOM

CEOs of major US chip companies, including Intel Corporation (INTC), NVIDIA Corp. (NVDA), and Qualcomm Inc. (QCOM), have advised Biden officials to carefully assess the consequences of export restrictions to China. They argue that these controls risk harming US leadership in the industry and have not significantly slowed down China's AI development. The Biden administration is considering strengthening existing restrictions, potentially targeting chips produced by Nvidia specifically for the Chinese market. American chipmakers like Micron Technology Inc. (MU) have also faced challenges from Beijing, impacting their business operations in China.

Portfolio Pulse from Bibhu Pattnaik

July 22, 2023 | 7:43 pm

BTC-USD

MSFT

Nassim Nicholas Taleb, author of 'The Black Swan', suggests that the popularity of cryptocurrencies is waning among young adults, who are now more interested in artificial intelligence (AI). Taleb has been a vocal critic of cryptocurrencies, particularly Bitcoin. He believes that the recent frauds, bankruptcies, and regulatory crackdowns have led to a crisis of confidence in cryptocurrencies. Meanwhile, the interest in AI has been growing, with companies like Microsoft partnering with OpenAI and integrating its technology into their businesses.

Portfolio Pulse from Shanthi Rexaline

July 22, 2023 | 5:59 pm

AMZN

GOOG

META

MSFT

TSLA

Elon Musk, CEO of Tesla Inc. and SpaceX, has been excluded from key discussions on AI regulations by the Biden administration. Despite Musk's advocacy for responsible AI regulation, his latest venture, xAI, was notably absent from a group of tech giants, including Alphabet Inc., Amazon.com, Inc., Microsoft Corp., and Meta Platforms Inc., that pledged to adhere to voluntary guidelines aimed at mitigating AI-related risks.

Portfolio Pulse from Ananya Gairola

July 22, 2023 | 9:13 am

AMZN

GOOGL

MSFT

President Joe Biden met with seven tech leaders, including representatives from Alphabet Inc, Amazon.com, Inc and Microsoft Corporation, to discuss the need for regulations governing the use of AI. The president emphasized the potential threats posed by unchecked AI to democracy and values. The tech giants have pledged to adhere to voluntary guidelines aimed at ensuring the safety, security, and trustworthiness of their AI technologies.

Portfolio Pulse from Navdeep Yadav

July 22, 2023 | 5:38 am