Streetbeat News

Security

EIS

Reuters reports, citing the Gaza Health Ministry, that Israeli strikes on Gaza since October have resulted in 26,637 Palestinian deaths and 65,387 injuries.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:55 pm

BABA

BIDU

XIACF

China has approved over 40 AI models for public use in the last six months, aiming to compete with U.S. AI development. The approval process, introduced in August, has seen companies like Xiaomi, 4Paradigm, and 01.AI benefit from the endorsement of 14 large language models. Baidu, Alibaba, and ByteDance were among the first to receive approval. Despite the AI push, there hasn't been a significant increase in cloud services spending in China. Concerns over AI misuse for espionage have been raised by the FBI. Baidu's Ernie Bot reached 100 million users in December.

Portfolio Pulse from Benzinga Neuro

January 29, 2024 | 8:41 am

AAPL

An iPhone user recovered their stolen iPhone 15 from an EcoATM kiosk at Walmart using Apple's 'Find My' app. The app's location tracking feature showed the phone's changing locations, leading to its recovery. This highlights the effectiveness of the 'Find My' feature, which has been updated in iOS 17 to help locate misplaced Apple Watches as well.

Portfolio Pulse from Rounak Jain

January 29, 2024 | 7:39 am

AMZN

GOOG

GOOGL

MSFT

The U.S. government has requested cloud service providers, including Amazon (AMZN), Alphabet (GOOG, GOOGL), and Microsoft (MSFT), to disclose foreign clients using their AI services, amid concerns over China's potential misuse of AI for espionage. This proposal could impact Chinese companies' access to AI resources and raises concerns about U.S. firms' competitiveness if allies don't implement similar measures. The industry has until April 29 to provide feedback before the rule is finalized.

Portfolio Pulse from Ananya Gairola

January 29, 2024 | 3:45 am

ME

23andMe Holding Co. (NASDAQ:ME) is being sued in a class action lawsuit for failing to protect the privacy of nearly 7 million customers in a data breach. The breach, which lasted from April to September 2023, specifically targeted customers with Chinese and Ashkenazi Jewish heritage. Personal information, including names, addresses, and birth dates, was sold on the dark web. The breach was disclosed after a hacker posted customer data on a subreddit. The lawsuit raises concerns about the potential misuse of the data amid rising antisemitism.

Portfolio Pulse from Nabaparna Bhattacharya

January 27, 2024 | 8:16 pm

CMPS

GHRS

IXHL

PSIL

A new study suggests suggestibility plays a role in the antidepressant effects of psilocybin therapy. The EU has allocated $7M for psychedelic research for various disorders. In Australia, the first psychedelic-assisted medical treatments in 50 years were provided. Incannex Healthcare's CEO discussed the company's role in psychedelic-assisted therapies on the Benzinga Psychedelics Podcast. Psychedelics stocks showed varied performance, with COMPASS Pathways, GH Research, and Incannex Healthcare closing higher, while others like Seelos Therapeutics and Enveric Biosciences closed lower. The AdvisorShares Psychedelics ETF (PSIL) closed at $1.43.

Portfolio Pulse from Lara Goldstein

January 27, 2024 | 3:00 pm

MSFT

Microsoft CEO Satya Nadella has committed to taking swift action against the spread of non-consensual explicit deepfake images, such as the recent AI-generated fake nude images of Taylor Swift. Microsoft, a major investor in OpenAI, is investigating the incident and has emphasized the importance of creating a safe digital environment. The company has updated its Code of Conduct and strengthened content safety filters to prevent misuse of its services.

Portfolio Pulse from Ananya Gairola

January 27, 2024 | 10:26 am

USO

A Trafigura-operated oil tanker caught fire after a Houthi strike near Yemen, according to Bloomberg. The incident could potentially disrupt oil shipments in the region, raising concerns over supply security. The United States Oil Fund (USO), an ETF that tracks the price of oil, may be affected by this event due to potential impacts on oil prices.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 8:20 pm

USO

Yemen's Houthi group has claimed responsibility for an operation targeting the British oil tanker Marlin Luanda in the Gulf of Aden, according to Reuters. The incident could potentially affect oil supply routes and market perceptions of risk in the region.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 7:05 pm