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The US is planning to restrict Chinese companies from accessing US cloud-computing services from Amazon and Microsoft. The new rule would require US cloud-service providers to obtain government permission before offering services that use advanced AI chips to customers in China. This move is seen as an effort to close a loophole that may have allowed Chinese AI companies to evade export control regulations by using cloud services. The ban is the latest in a series of reciprocal measures taken by the US and China concerning semiconductors and other advanced technologies.

Portfolio Pulse from Bibhu Pattnaik

July 04, 2023 | 3:08 pm

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MSFT

OpenAI has temporarily disabled the 'Browse with Bing' feature in chatGPT due to concerns over potential misuse. The feature allowed ChatGPT Plus subscribers to access real-time information through Microsoft's Bing search. However, concerns arose over the potential exploitation of this feature, particularly in bypassing paywalls for premium content. OpenAI plans to reinstate the feature after resolving the potential loophole.

Portfolio Pulse from Ananya Gairola

July 04, 2023 | 9:11 am

SNAP

French President Emmanuel Macron has blamed social media platforms and video games for the recent youth riots in France. He specifically mentioned Snapchat (NYSE:SNAP) and TikTok as platforms used to organize the unrest. Macron has called on social media companies to take action against the spread of sensitive content related to the riots and to disclose the identities of individuals propagating violence. A Snapchat spokesperson responded by stating the company has zero tolerance for content promoting or inciting violence.

Portfolio Pulse from Franca Quarneti

July 03, 2023 | 7:22 pm

EIS

ITEQ

IZRL

Israel has launched a major operation in the West Bank's city of Jenin, resulting in nine reported fatalities and 50 injuries. This operation is one of the most extensive in over two decades and is aimed at confronting a new generation of militants. Despite the escalation, ETFs following the Israeli economy, including Ishares Msci Israel ETF (EIS), Ark Israel Innovative Technology ETF (IZRL), and BlueStar Israel Technology ETF (ITEQ), showed minimal volatility.

Portfolio Pulse from Natan Ponieman

July 03, 2023 | 6:58 pm

HTH

PTGX

Protagonist Therapeutics has an option alert for Jul 21 $22.5 calls sweep near the ask. Earnings are expected on 8/3 after close. Hilltop Holdings reported a security incident at PlainsCapital Bank due to a vulnerability in a third-party vendor's application, likely leading to unauthorized data access.

Portfolio Pulse from Charles Gross

July 03, 2023 | 4:14 pm

EIS

SPY

The White House has announced that it is closely monitoring the situation in the West Bank and supports Israel's security and right to defend itself.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 2:34 pm

ETHUSD

Cross-chain bridge Poly Network has suffered a significant security breach, with an attacker stealing about $10.1 million worth of Ethereum (ETH). The attack affected 57 assets on 10 blockchains, with the majority of the assets currently held by the attacker's addresses. The attacker also minted over $34 billion worth of assets across multiple chains. In response, Poly Network has temporarily suspended its services and is urging project teams to withdraw liquidity from decentralized exchanges.

Portfolio Pulse from Murtuza Merchant

July 03, 2023 | 1:05 pm

META

WhatsApp, owned by Meta Platforms Inc (NYSE:META), has banned over 6.5 million accounts in India in May, in line with the new IT Rules 2021. The company had proactively banned 2.42 million of these accounts before receiving any user reports. In April, WhatsApp banned over 7.4 million problematic accounts. The company also introduced QR code chat transfer support for its users.

Portfolio Pulse from Shomik Sen Bhattacharjee

July 03, 2023 | 11:57 am

HTH

Hilltop Holdings (HTH) reported a security incident at PlainsCapital Bank, caused by a third-party vendor's zero-day vulnerability. The incident likely led to unauthorized access to data of most of the bank's customers. Despite this, there has been no significant interruption to the bank's operations. HTH has incurred and may continue to incur expenses related to this incident.

Portfolio Pulse from Charles Gross

July 03, 2023 | 11:22 am

GOOG

GOOGL

An 11-year-old vlogger, Song-a, who shares her life in Pyongyang on Alphabet Inc’s YouTube, has been identified by South Korea’s National Intelligence Service as a part of North Korea’s “psychological warfare” operations. Analysts have traced the accounts of Song-a and other young female presenters to the Sogwang Media Corp, a North Korean company with close links to the Kim regime. Google confirmed that the YouTube accounts hosting Song-a’s videos, along with two other accounts, have been removed in compliance with US sanctions and trade compliance laws.

Portfolio Pulse from Benzinga Newsbot

July 03, 2023 | 1:30 am