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GOOG

GOOGL

A Google engineer, François Chollet, criticized OpenAI for hindering AGI research progress by 5-10 years due to their focus on Large Language Models (LLMs) and the closing down of frontier research publishing. Chollet's comments were made during a conversation with podcaster Dwarkesh Patel.

Portfolio Pulse from Ananya Gairola

June 12, 2024 | 5:21 am

AMZN

FTXL

SSG

Amazon.com Inc. (NASDAQ:AMZN) plans to invest billions in Taiwan over the next 15 years to establish AWS data centers, expanding its cloud infrastructure in Asia. This move aligns with the growing demand for cloud services in the region and follows significant investments in Singapore and Japan. However, geopolitical tensions between Taiwan and China pose potential risks.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 5:16 am

FXI

China's Producer Price Index (PPI) for May decreased by 1.4% year-over-year, which is slightly better than the estimated -1.5% and an improvement from the previous -2.5%.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 5:01 am

FXI

China's Consumer Price Index (CPI) for May came in at 0.3% year-over-year, below the estimated 0.4% and matching the prior month's 0.3%.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 5:00 am

FXI

China's Consumer Price Index (CPI) for May decreased by 0.1% month-over-month, missing the estimated 0.0% and down from the previous 0.1%.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 5:00 am

MREO

RARE

Ultragenyx and Mereo reported positive 14-month results from the Phase 2 portion of their Phase 2/3 Orbit study. Treatment with setrusumab (UX143) resulted in a sustained 67% reduction in the annualized fracture rate in osteogenesis imperfecta (OI) patients and significant improvements in lumbar spine bone mineral density (BMD) at month 12.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 9:53 pm

AMC

GME

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares closed up 10% on Tuesday and continued to see volatility in after-hours trading. The movement is linked to GameStop Corp (NYSE:GME) completing its offering program, raising $2.137 billion. Keith Gill's return to social media and his bullish stance on GameStop also influenced AMC's stock.

Portfolio Pulse from Vaishali Prayag

June 11, 2024 | 9:35 pm

NDAQ

Nasdaq (NASDAQ:NDAQ) has outperformed the market over the past 10 years with an average annual return of 16.87%, surpassing the market by 6.2% annually. A $1000 investment in NDAQ 10 years ago would be worth $4,844.32 today.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 9:30 pm

RACE

Ferrari (NYSE:RACE) has significantly outperformed the market over the past 5 years, delivering an average annual return of 21.67%. A $1000 investment in RACE 5 years ago would be worth $2,688.34 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 9:30 pm

AIRJ

Montana Technologies plans a private placement financing to sell 1.2 million shares of common stock, expected to result in gross proceeds of $12 million.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 9:13 pm