Streetbeat News

Security

NVDA

Huawei Technologies Co. is reportedly becoming a central figure in China's strategy to create an independent chip ecosystem, as revealed by a Bloomberg report. The Chinese government is covertly supporting Huawei to be the main chip designer and client for manufacturers, while also providing technical and financial assistance to smaller firms in the chip supply chain. Despite Huawei's denial of government aid for semiconductor technology, anonymous sources claim the government's top levels have chosen Huawei to lead the country's chip industry self-sufficiency efforts. This comes as countries, including the U.S., strive for semiconductor independence, highlighted by NVIDIA CEO Jensen Huang's comment on the U.S.'s long road to chip manufacturing autonomy.

Portfolio Pulse from Ananya Gairola

December 01, 2023 | 2:22 am

OKTA

Okta Inc (NASDAQ:OKTA) experienced a security breach that was more extensive than initially reported, impacting customer support systems and potentially affecting customer engagement and sales. Despite this, Okta reported a 21% revenue growth in Q3, beating guidance and consensus, and raised FY24 outlook. Analysts are divided on the stock, with price targets ranging from $70 to $100. Concerns over the breach's impact on future growth and customer retention are prevalent, with some analysts downgrading their ratings and price targets. Q4 revenue expectations are consistently around $586 million, with adjusted EPS estimates near $0.50-$0.51.

Portfolio Pulse from Anusuya Lahiri

November 30, 2023 | 7:47 pm

DOCU

DocuSign has received StateRAMP authorization, which allows state and local governments to securely manage agreements. This authorization signifies that DocuSign meets high security standards required for government use.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 6:14 pm

GEO

The U.S. Department of Labor's OSHA cited GEO Group Inc. for failing to provide a safe workplace after a nurse was attacked by an inmate at South Bay Correctional and Rehabilitation Facility. The nurse suffered a facial fracture from the attack. GEO Group was fined $26,787 for serious and other-than-serious violations, including not reporting the incident within 24 hours. The company has a history of a settlement with OSHA over workplace violence and operates 102 facilities nationwide.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 5:40 pm

EIS

Israel and Hamas agreed to extend their ceasefire for an additional day, now totaling seven days. The extension came after intense mediation, with Israel requiring the release of at least 10 hostages daily. Ten hostages, including two with Russian citizenship, are set to be released. U.S. Secretary of State Antony Blinken is in the region, supporting the truce and humanitarian efforts. However, a Hamas attack in Jerusalem breached the ceasefire, killing three and injuring eight. Israeli stocks, tracked by iShares MSCI Israel ETF (EIS), dropped by 2%, and the shekel weakened against the dollar.

Portfolio Pulse from Piero Cingari

November 30, 2023 | 4:47 pm

GOOG

GOOGL

Google has acknowledged an issue with Google Drive that resulted in the loss of several months of user data. The problem has been reported by hundreds of users, and Google is currently investigating the cause. The company has advised users against disconnecting their accounts or altering the app's data folder and recommends creating a copy of their Google Drive data. The number of affected users has not been disclosed, and Google has not identified the cause of the issue.

Portfolio Pulse from Rounak Jain

November 30, 2023 | 2:14 pm

AUID

NREG

authID (NASDAQ:AUID) has been selected by PickleJar Entertainment Group (OTC:NREG) to provide identity verification and authentication solutions. The partnership aims to integrate authID's biometric platform with PickleJar's social commerce, payments, and ticketing services to enhance security and trust between artists and fans. authID's technology promises fast and accurate identity checks, which are crucial for preventing fraud and account takeovers in the entertainment industry.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:03 pm

GOOG

GOOGL

MSFT

A team of AI researchers, including members from Google's DeepMind, discovered a method to extract training data from OpenAI's ChatGPT by prompting it to repeat a word indefinitely. The exploit revealed personally identifiable information, raising privacy concerns. Although the method initially worked, OpenAI seems to have fixed the issue. This discovery highlights potential vulnerabilities in AI models like ChatGPT and GPT-4, which have faced lawsuits for copyright infringement.

Portfolio Pulse from Rounak Jain

November 30, 2023 | 11:06 am

NVDA

Nvidia CEO Jensen Huang, at the 2023 New York Times DealBook Summit, predicted that artificial general intelligence (AGI) could be a reality within five years. AGI refers to computers or software with human-level intelligence. Huang mentioned that current advancements in AI, including Nvidia's H-100 chips, are essential for chip production but acknowledged that AI has not yet surpassed complex human intelligence. Concerns about AGI include the spread of fake news and cyberattacks.

Portfolio Pulse from Benzinga Neuro

November 30, 2023 | 8:47 am

BNBUSD

Cristiano Ronaldo is named in a class-action lawsuit for promoting Binance's NFT collection, alleging deceptive advertising and aiding in soliciting investments in unregistered securities. The lawsuit claims Ronaldo's promotions led to a significant increase in Binance's popularity, with a 500% surge in searches post-NFT sale. Binance, facing separate legal issues, has settled with the U.S. government for $4.3 billion over Anti-Money Laundering violations and operating without a license.

Portfolio Pulse from Murtuza Merchant

November 29, 2023 | 9:42 pm