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Security

GOOGL

MSFT

The Biden administration is considering new regulations to restrict China's access to advanced AI models like those used in ChatGPT, aiming to protect U.S. AI technology. This includes potentially limiting the export of proprietary AI models by companies such as Microsoft, Alphabet's Google DeepMind, and others. The move follows efforts to block the export of AI chips to China and is part of a broader strategy to maintain U.S. competitiveness and national security in AI amidst rapid advancements and strategic moves by China in the AI sector.

Portfolio Pulse from Benzinga Neuro

May 08, 2024 | 12:35 pm

TSLA

US prosecutors are investigating Tesla's Autopilot system, focusing on potential securities and wire fraud. This probe could have significant implications for Tesla's reputation and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:24 pm

FXI

SMH

SPY

China has accused the United States of economic coercion by limiting chip supplies to Huawei, as reported by Bloomberg. This move intensifies the ongoing tensions between the two countries over technology and trade. The US's restrictions on chip sales to Huawei, a major Chinese technology firm, are seen as part of broader efforts to curb China's technological advancements and influence. This development could have significant implications for global tech and trade dynamics, potentially affecting companies and ETFs involved in the semiconductor and broader technology sectors.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:19 pm

RCM

R1 RCM has revised its FY24 financial outlook downwards, attributing the change to the impacts of the Change Healthcare cyberattack. The company now expects lower revenues of $2.60B-$2.64B (down from $2.625B-$2.675B) and adjusted EBITDA of $625M-$650M (down from $650M-$670M), citing issues with collections timing, claims inflows, and meeting performance metrics, alongside increased expenses to support customers.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:14 am

AVGO

INTC

NVDA

QCOM

The U.S. Commerce Department has revoked the export licenses of Intel Corp (NASDAQ:INTC) and Qualcomm Inc. (NASDAQ:QCOM), preventing them from selling chips to Huawei Technologies. This decision, influenced by concerns over national security and technological advancements in China, follows the launch of Huawei's AI-enabled MateBook X Pro laptop, powered by Intel. The move is part of broader U.S. efforts to restrict China's access to advanced technology, impacting companies like Intel, Qualcomm, and indirectly mentioned NVIDIA Corp (NASDAQ:NVDA) and Broadcom Inc (NASDAQ:AVGO), which have significant revenue dependencies on the Chinese market.

Portfolio Pulse from Benzinga Neuro

May 08, 2024 | 7:08 am

TIXT

TELUS Corporation has completed the acquisition of Vumetric Cybersecurity, enhancing its cybersecurity offerings for businesses in North America. This move aims to improve cyber resilience among organizations of varying sizes by integrating Vumetric's advanced penetration testing services, which focus on identifying cyber vulnerabilities and threats.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:45 pm

GOOGL

Alphabet Inc (NASDAQ:GOOGL) is launching a new cybersecurity tool, Google Threat Intelligence, utilizing generative AI to enhance cybersecurity. The tool integrates Google's Mandiant cybersecurity unit and VirusTotal with the Gemini AI model for rapid malware reverse engineering and summarizing threat reports. This initiative aims to provide a comprehensive network for monitoring threats and assessing security vulnerabilities in AI projects, leveraging Mandiant's threat detection expertise and VirusTotal's community-contributed threat indicators.

Portfolio Pulse from Franca Quarneti

May 07, 2024 | 8:58 pm

INTC

QCOM

SOXX

The Biden administration has revoked export licenses for Intel Corp. and Qualcomm Inc., preventing them from supplying chips to Huawei. This decision is part of a broader U.S. strategy to address national security concerns related to Huawei's technological advancements and alleged cyber espionage activities. The move has led to a decrease in the share prices of Qualcomm and Intel, as well as a slight drop in the iShares Semiconductor ETF (SOXX). Other U.S. chipmakers like Broadcom Inc., Micron Technology Inc., Advanced Micro Devices, and Microsoft Corp., along with smaller firms such as Lumentum Holdings Inc. and Qorvo Inc., could also be impacted due to their business with Huawei.

Portfolio Pulse from Piero Cingari

May 07, 2024 | 8:23 pm

IYW

MSFT

XLK

Microsoft Corp. has launched an isolated generative AI model, designed exclusively for U.S. intelligence agencies to analyze classified data. This AI, based on GPT4 technology, operates in an air-gapped environment, ensuring high security. It's the first major AI model to function entirely offline. The development took 18 months, aiming to enhance intelligence data analysis while securing data against leaks. Microsoft's stock, part of the Technology Select Sector SPDR Fund (XLK) and iShares U.S. Technology ETF (IYW), has seen over 33% growth in the past year.

Portfolio Pulse from Shivani Kumaresan

May 07, 2024 | 5:36 pm

EIS

ISRA

USO

Israeli Prime Minister Netanyahu has stated that Hamas' proposal does not meet Israel's essential demands, according to Reuters. This development could have implications for related US-listed assets.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 3:16 pm