Streetbeat News

Security

ACN

MSFT

Accenture Plc (ACN) and Microsoft Corporation (MSFT) announced a partnership to launch a 'Cloud Modernization and Migration Factory' on Microsoft Azure Government for national security. This initiative aims to streamline the onboarding of remote federal sites to Azure Government Secret and Top Secret classified clouds, ensuring the highest level of security. The collaboration will also leverage Generative AI-powered migration tools for faster cloud modernization, meeting the stringent security criteria required for national security operations.

Portfolio Pulse from Nabaparna Bhattacharya

March 27, 2024 | 4:43 pm

CEIX

CSX

RCL

TSLA

The collapse of the Francis Scott Key Bridge, impacting the Port of Baltimore, has caused Tesla, Ford, and GM to seek alternative shipping routes. Ford anticipates a significant impact, while GM expects minimal disruption. European carmakers and cruise operators also anticipate adjustments, with Carnival Corporation forecasting a $10 million negative impact. Coal exporters and rail freight services face challenges, with Consol Energy and CSX Corporation noting potential operational impacts.

Portfolio Pulse from Neil Dennis

March 27, 2024 | 3:07 pm

AAPL

Privacy expert Albert Fox Cahn criticized Apple's Vision Pro as a 'buggy beta test,' raising concerns over surveillance and lack of compatibility with non-Apple devices. Despite its $3,500 price, it's seen more as a toy than a tool. The device's launch has mixed reviews, with some seeing potential in specific fields like medicine.

Portfolio Pulse from Rounak Jain

March 27, 2024 | 1:50 pm

SEIC

SEI Investments (NASDAQ:SEIC) has been selected by IXS Holdings, a multi-national manufacturer owned by Clearlake Capital Group, to manage its cybersecurity and network operations through SEI Sphere. This partnership aims to enhance operational outcomes across IXS Holdings' 35 branch plants in the U.S. and Canada by providing comprehensive cybersecurity and IT solutions, including network monitoring, threat detection, and remediation services.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:02 pm

GOOG

META

During a Capitol Hill hearing, Mark Zuckerberg quickly debunked Tristan Harris's claims about Meta's AI being a potential threat for creating bioweapons, causing laughter among attendees. Harris had argued that Meta's AI guardrails were too lax, potentially allowing misuse for bioweapon information. Zuckerberg countered by showing the same information could be found via Google search. The incident highlights the ongoing debate on AI regulation and tech giants' responsibility in AI safety.

Portfolio Pulse from Rounak Jain

March 27, 2024 | 12:01 pm

AMKBY

The Francis Scott Key Bridge in Baltimore collapsed after a cargo ship operated by Synergy Group and chartered by AP Moller Maersk (OTC:AMKBY) struck it, leading to significant damages and presumed deaths. The bridge is a crucial part of the region's transportation network, affecting over 30,000 vehicles daily. The incident has global trade implications and is expected to result in substantial insurance payouts, potentially comparable to the $1.5 billion from the Costa Concordia crash. President Biden has pledged federal support for the bridge's reconstruction, while legal nuances regarding liability are being discussed.

Portfolio Pulse from Ramakrishnan M

March 27, 2024 | 10:24 am

RXT

Rackspace has introduced Digital Sovereignty Solutions aimed at the UK government and regulated industries like healthcare, law enforcement, pharma, and financial services. These solutions ensure data, support, and infrastructure remain within the UK, aiding regulatory compliance and reducing security risks amid rising global cyberthreats.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:21 am

ARQQ

Vayana TradeXchange has announced a partnership with Arqit Quantum Inc. to revolutionize trade finance through the implementation of TradeSecure™ technology. This collaboration aims to enhance the security and efficiency of trade finance transactions by leveraging Arqit's quantum encryption technology.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 5:46 am

AMZN

GOOG

META

SNAP

Meta Platforms Inc. (META) is accused of using a covert project named 'Project Ghostbusters' to intercept and decode network traffic from Snap Inc.'s Snapchat, as well as Alphabet Inc.'s YouTube and Amazon.com Inc., aiming to gain a competitive edge. The project, initiated in 2016, involved decrypting encrypted app traffic using Onavo, a VPN-like service acquired by Facebook. The revelations are part of a class-action lawsuit against Meta, highlighting ongoing legal challenges including a privacy investigation by the FTC and lawsuits over advertising and data collection practices.

Portfolio Pulse from Ananya Gairola

March 27, 2024 | 3:21 am

MSFT

Activision, a subsidiary of Microsoft Corp. (NASDAQ:MSFT), has banned 29,000 players for using 'boosting services' in Call of Duty Warzone. These services allow players to artificially inflate their Skill Rating (SR), a practice that has become increasingly common. Activision's TeamRicochet has conducted multiple ban waves and is exploring technical and legal options to shut down these illicit services. Additionally, Activision launched Call of Duty Warzone Mobile with cross-progression features but without cross-play.

Portfolio Pulse from Franca Quarneti

March 26, 2024 | 9:43 pm