에 대한 최신 뉴스 IonQ (NYSE:IONQ) 주식

IonQ

IonQ Inc sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. The company currently makes access to its quantum computers available via cloud platforms and also to select customers via its own cloud service. This cloud-based approach enables the broad availability of quantum-computing-as-a-service (QCaaS). The company derives its revenue from its quantum-computing-as-a-service arrangements, consulting services related to co-developing algorithms on company's quantum computing systems, and contracts associated with the design, development, and construction of specialized quantum computing systems together with related services.

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이들 7개 중형주는 지난주 최고의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요?

오클로, 클린스파크 및 울프스피드는 지난주 최고 성과를 보여준 7개 중형주 중 일부 (10월 14일-18일)

IonQ Inc

IonQ, Inc. Redeemable warrants, each whole warrant exercisable for one share of Common Stock, each at an exercise price of $11.50 per share

Ross Gerber, CEO of Gerber Kawasaki Wealth and a prominent investor in Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), recently shared his thoughts on X regarding the competitive landscape in autonomous driving, specifically highlighting Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) subsidiary Google&#8217;s Waymo. 
What Happened: He stated, &#8220;Google has the money and resources to scale globally. Costs will come down and their system will have several revenue sources. Like ads.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Google has the money and resources to scale globally. Costs will come down and their system will have several revenue sources. Like ads. Tesla has a level two vision system that has many issues. <a href="https://twitter.com/search?q=%24tsla&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$tsla</a> <a href="https://twitter.com/search?q=%24goog&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$goog</a>
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1847992223528255503?ref_src=twsrc%5Etfw">October 20, 2024</a></blockquote>
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Gerber&#8217;s remarks come in light of Waymo&#8217;s recent expansion into Los Angeles, where they have increased their robotaxi service area significantly. 
He noted, &#8220;A Waymo came up to us yesterday… they are everywhere in West LA. Wasn't sure why it was there. Then a girl came out. Professed her love for Waymo and took off. Robotaxi has been solved by Google. It works. Game over.&#8221; This anecdote underscores the growing presence and acceptance of Waymo&#8217;s autonomous vehicles in urban settings.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A Waymo came up to us yesterday… they are everywhere in west LA. Wasn't sure why it was there. Then a girl came out. Professed her love for Waymo and took off. Robotaxi has been solved by Google. It works. Game over. <a href="https://twitter.com/search?q=%24goog&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$goog</a> <a href="https://twitter.com/search?q=%24tsla&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$tsla</a> <a href="https://t.co/hDgZ7YR3Ca">pic.twitter.com/hDgZ7YR3Ca</a>
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1847989737199456390?ref_src=twsrc%5Etfw">October 20, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41417379/nvidia-stock-is-up-over-233-in-the-past-year-and-tech-bulls-say-it-could-go-even-hi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia Stock Is Up Over 233% In The Past Year And Tech Bulls Say It Could Go Even Higher From Here: &#8216;…You&#8217;ll See The Stock Double Over The Next Several Years&#8217;</a>
Why It Matters: This critique comes amid a broader conversation about the competitive <a href="https://www.benzinga.com/news/24/10/41355911/waymo-co-founder-says-tesla-has-an-advantage-in-race-to-autonomous-driving-id-rather-be-in-teslas-sh">landscape of autonomous driving</a>. Recently, Waymo&#8217;s co-founder expressed optimism about Tesla&#8217;s self-driving vision, citing its extensive data collection as a key advantage. In contrast, Gerber&#8217;s comments highlight potential vulnerabilities in Tesla&#8217;s technology.
Meanwhile, Uber&#8217;s CEO Dara Khosrowshahi has discussed the<a href="https://www.benzinga.com/news/24/10/41328039/as-elon-musk-unveils-cybercab-uber-ceo-weighs-in-on-robotaxi-competiton-from-waymo-tesla-dont-think"> competitive robotaxi market</a>, noting Uber&#8217;s strategic positioning through partnerships with companies like Waymo. This dynamic market is further complicated by Uber&#8217;s shift from developing <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41267936/as-elon-musk-gears-up-for-highly-anticipated-robotaxi-unveil-this-ridesharing-netwo">autonomous vehicles to leveraging its ridesharing network</a>, creating a strong competitive edge.
Gerber&#8217;s recent critique of Google&#8217;s business model, adds another <a href="https://www.benzinga.com/news/24/10/41374621/tesla-investor-ross-gerber-warns-google-faces-existential-threat-from-ai-search-tools-like-chatgpt-a">layer to the discussion</a>, as he warns of threats from AI search competitors like ChatGPT and Perplexity AI. This highlights the rapidly evolving landscape of technology and its impact on established giants.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/esg/24/10/41409688/this-small-cap-nuclear-stock-is-up-over-100-in-a-month-will-it-keep-generating-momentum?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">This Small-Cap Nuclear Stock Is Up Over 100% In A Month: Will It Keep Generating Momentum?</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

Markets

GOOG

GOOGL

TSLA

Tesla Investor Ross Gerber Calls It 'Game Over' As Google's Waymo Expands Robotaxi Presence In West LA

Eric Quinnell, senior staff engineer at Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), who was working on the company&#8217;s Dojo supercomputer project, said on Friday that he is leaving the EV giant.
What Happened: &#8220;With a heavy heart I say farewell today to Tesla,&#8221; Quinnell wrote on social media X. The post was adjoined by his resignation letter. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">With a heavy heart I say farewell today to Tesla. (Feel free to use my farewell email as a template for less lame/mopey goodbyes) <a href="https://t.co/vciD62PGB8">pic.twitter.com/vciD62PGB8</a>
&mdash; Eric Quinnell (@divBy_zero) <a href="https://twitter.com/divBy_zero/status/1847339102087094412?ref_src=twsrc%5Etfw">October 18, 2024</a></blockquote>
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Quinnell, as per his resignation letter, worked at Tesla for about three years. According to Quinnell&#8217;s LinkedIn profile, he joined Tesla in December 2020 and was Dojo fabric lead. Prior to that, he was Principal Engineer at semiconductor company Arm Holdings Plc.
Tesla <a href="https://www.benzinga.com/news/24/04/38244436/breaking-tesla-said-to-be-laying-off-over-14-000-employees" target="_blank" rel="noreferrer noopener">laid off several employees earlier this year</a> and several senior executives left the company including then Senior Director of Charging Infrastructure Rebecca Tinucci, AI Manager Paril Jain, Director of New Product Introduction Daniel Ho, Senior Vice President of Powertrain and Energy Engineering Drew Baglino, and Vice President of Public Policy and Business Development Rohan Patel.
Earlier this month, Tesla&#8217;s Chief Information Officer Nagesh Saldi also <a href="https://www.benzinga.com/news/24/10/41189500/tesla-cio-quits-before-major-robotaxi-event-exec-departures-continue-in-2024">left the company</a>.
Promotions Amid Departures: The company <a href="https://www.benzinga.com/news/24/10/41378568/tesla-promotes-key-executives-and-gives-them-more-responsibilities-in-leadership-shuffle">also promoted several executives</a> over the past few weeks including Wes Morrill, Milan Kovac, and Ashok Elluswamy.
Omead Afshar&nbsp;is now a vice president in charge of sales and manufacturing with senior executives in North America and Europe reporting to him, The Wall Street Journal&nbsp;<a href="https://www.wsj.com/business/autos/musk-taps-longtime-aide-to-oversee-teslas-operations-in-north-america-europe-dec46a80" target="_blank" rel="noreferrer noopener">reported</a>&nbsp;earlier this month. 
Elluswamy, meanwhile, has been promoted from Director of Autopilot Software to Vice President of AI Software.
Kovac, who was Director of Optimus and Autopilot Engineering, has been promoted to Vice President of Optimus.
Morrill, who was Cybertruck's lead engineer, is now Senior Director of Engineering- Reliability, Test, and Analysis, according to the exec's Linkedin. Morrill assumed the new role in September.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41417197/elon-musk-tesla-refute-inefficiency-concerns-with-wireless-charging-on-cybercab-there-is-no-meaningf" target="_blank" rel="noreferrer noopener">Elon Musk, Tesla Refute Inefficiency Concerns With Wireless Charging On Cybercab: ‘There Is No Meaningful Efficiency Difference…&#8217;</a></li>
</ul>
Photo courtesy: Tesla

Tech

Tesla Dojo Fabric Lead Leaves Company Amid Major Talent Upheaval At EV Giant

Macro Economic Events

Econ #s

Economics

Germany Producer Price Index (MoM) For September -0.5% Vs. -0.2% Est.; 0.2% Prior

With U.S. stock futures trading mixed this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) to report quarterly earnings at $1.33 per share on revenue of $9.29 billion after the closing bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. SAP shares gained 0.2% to $230.87 in after-hours trading.</li>
<li>Public Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSA#NYSE">PSA</a>) named Chris Sambar as COO. Public Storage shares gained 0.1% to close at $345.62 on Friday.</li>
<li>Analysts are expecting Nucor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) to post quarterly earnings at $1.47 per share on revenue of $7.28 billion. The company will release earnings after the markets close. Nucor shares gained 0.1% to close at $158.24 on Friday.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>The Cigna Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CI#NYSE">CI</a>) shares fell in after-hours trading after a report suggesting the company has resumed merger discussions with Humana Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) after the conversation ended last year. Cigna shares fell 4.7% to $320.26 in the after-hours trading session.</li>
<li>Analysts expect Logitech International S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) to report quarterly earnings at 99 cents per share on revenue of $1.11 billion after the closing bell. Logitech shares rose 1.2% to close at $88.63 on Friday.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41402086/wall-streets-most-accurate-analysts-give-their-take-on-3-financials-stocks-delivering-hi">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Financials Stocks Delivering High-Dividend Yields</a></li>
</ul>
Photo courtesy: SAP

Earnings

Pre-Market Outlook

LOGI

SAP, Nucor And 3 Stocks To Watch Heading Into Monday

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) investors were suddenly waking up after years of dormancy to move around their stash as the leading cryptocurrency gathers upward momentum toward all-time highs.
What Happened: On-chain analytics firm Whale Alert reported that a Bitcoin address, dormant for roughly 11 years, transferred 21.87 BTC to another address Sunday overnight. 
The stash was worth $16,252 when it last moved in 2013, Whale Alert added. As of this writing, the total value of the holdings was around $1.5 million, indicating a massive 9159% return. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f4a4; A dormant address containing 21 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> (1,516,136 USD) has just been activated after 10.9 years (worth 16,252 USD in 2013)!<a href="https://t.co/nraQNaK8Ho">https://t.co/nraQNaK8Ho</a>
&mdash; Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1848160593011789866?ref_src=twsrc%5Etfw">October 21, 2024</a></blockquote>
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Similarly, a Satoshi-era whale transferred 20 BTCs to another wallet a little earlier in the day, which at the time of the transfer netted 411596% in return.
"Satoshi Era" is a popular term in cryptocurrency parlance, referring to the phase from 2009 to 2011, when Nakamoto was actively working and promoting the project.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f4a4; A dormant address containing 20 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> (1,370,949 USD) has just been activated after 13.4 years (worth 333 USD in 2011)!<a href="https://t.co/kVjmSgEdlf">https://t.co/kVjmSgEdlf</a>
&mdash; Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1848027361616277642?ref_src=twsrc%5Etfw">October 20, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41406816/dogecoin-sets-the-stage-but-ai-meme-coin-goat-steals-the-show-ripping-from-zero-to-400-mil">Dogecoin Sets The Stage, But AI Meme Coin GOAT Steals The Show, Ripping From Zero To $400 Million In 1 Week</a>
Why It Matters: The movement of <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41223923/bitcoin-market-buzzes-as-satoshi-era-whale-shifts-another-634k-to-crypto-exchange">such old Bitcoins has picked up pace</a> this month. It wasn&#8217;t immediately clear whether the transfer was meant to sell and lock in profits.
The movements of Bitcoin whales, especially those from the Satoshi era, are closely watched by the cryptocurrency community. These whales hold a significant amount of Bitcoin, and their transactions can potentially impact the market.
According to blockchain research firm CryptoQuant, whale inflows to exchanges <a href="https://cryptoquant.com/asset/btc/chart/flow-indicator/exchange-whale-ratio?exchange=all_exchange&amp;window=DAY&amp;ema=0&amp;priceScale=log&amp;metricScale=linear&amp;chartStyle=line">lifted</a> significantly last week, sparling fears of sell-offs. 
Bitcoin, the world&#8217;s largest cryptocurrency, <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41420178/bitcoin-ethereum-dogecoin-on-the-rise-as-uptober-may-be-finally-here-analysts-predict-bull">surged above $69,000 late Sunday evening</a>, the first occurrence since early June. The coin gained over 7% in the last week, with top cryptocurrency analysts projecting a swift return to its all-time highs.
Price Action: At the time of writing, Bitcoin was exchanging hands at 68,773.18, up 0.73% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41410605/if-you-invested-100-in-dogecoin-when-elon-musk-first-tweeted-about-the-meme-crypto-heres-h">If You Invested $100 In Dogecoin When Elon Musk First Tweeted About The Meme Crypto, Here&#8217;s How Much You&#8217;d Have Today</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Quiet Bitcoin Whales, Sitting On A Windfall, Spring Back To Activity — Price Retrace Imminent?

Sanofi and CD&amp;R partner to fuel Opella&#39;s ambitions in consumer healthcare
<ul>
<li>Sanofi and CD&amp;R enter exclusive negotiations to transfer a&nbsp;50%&nbsp;controlling stake in Opella with Sanofi to remain a significant shareholder</li>
<li>With 11,000 talented and passionate people bringing iconic brands to life, Opella poised to ignite new bold development journey</li>
<li>Sanofi to become a focused science-driven biopharma delivering innovative medicines and vaccines to patients</li>
<li>Sanofi 2024 business EPS&nbsp;guidance&nbsp;upgraded today</li>
</ul>

Sanofi And CD&R Enter Exclusive Talks To Shape Opella's Global Healthcare Journey, Sanofi To Remain A Significant Shareholder

Brian Armstrong, CEO of cryptocurrency exchange Coinbase, has publicly endorsed GOP nominee David McCormick for the Pennsylvania senate seat, citing his friendlier stance on cryptocurrency.
What Happened: Armstrong took to X Sunday to back the Senate hopeful. &#8220;If you live in Pennsylvania, you should vote for Dave McCormick. He is the better candidate on crypto (among many other credentials),&#8221; Armstrong wrote.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If you live in Pennsylvania you should vote for <a href="https://twitter.com/DaveMcCormickPA?ref_src=twsrc%5Etfw">@DaveMcCormickPA</a> He is the better candidate on crypto (among many other credentials) <a href="https://t.co/BMFIVwB8NO">https://t.co/BMFIVwB8NO</a>
&mdash; Brian Armstrong (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1848082903348965422?ref_src=twsrc%5Etfw">October 20, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41397551/riding-dogecoins-wave-indicators-point-to-what-could-happen-next?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Riding Dogecoin&#8217;s Wave: Indicators Point To What Could Happen Next</a>
The former CEO of Bridgewater Associates <a href="https://www.benzinga.com/government/23/09/34807903/he-ran-bridgewater-associates-now-hes-running-for-senate-in-pennsylvania-again">announced his candidacy last year</a>, aiming to unseat three-time incumbent Democratic Sen. Bob Casey Jr.
A U.S. Army veteran and former Treasury Department official, McCormick has publicly expressed his pro-cryptocurrency stance. He stated that American <a href="https://www.davemccormickpa.com/2024/03/26/america-must-lead-on-cryptocurrency/">leadership </a>in blockchain and cryptocurrency is important to the country&#8217;s economic and national security.
Interestingly, in May earlier this year, his <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38888214/reddit-co-founder-alexis-ohanian-highlights-democrats-including-chuck-schumer-who-crossed-">rival Casey crossed the party line to support a resolution</a> against the SEC&#8217;s anti-cryptocurrency SAB121. On the other hand, he cosponsored the Digital Asset Anti-Money Laundering Act of 2023, brought forward by anti-cryptocurrency crusader Sen. Elizabeth Warren (D-Mass.)
According to the cryptocurrency-based prediction market Polymarket, Donald Trump&nbsp;had a 57% chance, against Kamala Harris&#8217; 43%, of <a href="https://polymarket.com/event/pennsylvania-presidential-election-winner">winning </a>the popular vote in the key swing state. 
Why It Matters: Armstrong&#8217;s endorsement of McCormick was significant, given his position as the head of one of the world&#8217;s largest digital asset trading platforms. 
The cryptocurrency mogul had previously said that cryptocurrency is a non-partisan issue, with advocates from both sides of the political spectrum <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40123413/coinbase-ceo-brian-armstrong-was-asked-if-another-democratic-administration-would-prove-di">championing its cause</a>.
The company <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40699678/trump-campaign-more-explicit-in-embracing-crypto-says-coinbases-legal-head-but-encouraged-">revealed earlier this year</a> it was engaging with both the&nbsp;Trump&nbsp;campaign and the&nbsp;Harris&nbsp;campaign to push for regulatory clarity for the industry.
Did You Know?&nbsp;
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>

Politics

COIN

Coinbase CEO Brian Armstrong Supports Republican Dave Mccormick For Pennsylvania Senate Seat: 'He Is The Better Candidate On Crypto'

Wedbush Securities analyst Dan Ives forecasts a &#8220;robust&#8221; third-quarter earnings season for technology companies, citing artificial intelligence adoption, improved enterprise spending, and rebounding <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41280243/q3-earnings-preview-analyst-predicts-tech-will-triumph-while-energy-will-struggle">digital advertising as key growth drivers</a>.
What Happened: In a post on X, formerly Twitter, Ives highlighted an expanding roster of companies beyond traditional AI leaders that are now capitalizing on the technology revolution.
While NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) are &#8220;the core drivers of AI, now we are seeing many other tech stalwarts join the AI Party,&#8221; Ives wrote, listing Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>), ServiceNow Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), Salesforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), IBM Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), and Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) among the companies making significant moves in artificial intelligence.
The analyst expressed optimism about the technology sector&#8217;s near-term prospects, stating, &#8220;We believe the next phase of the AI Revolution has begun.&#8221; He expects this momentum, combined with strengthening enterprise spending and a recovery in digital advertising, to push technology stocks higher through the end of the year.
This expanding AI landscape indicates a broader range of investment opportunities beyond the few companies that initially dominated the AI narrative earlier in the year, according to Ives.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">While Nvidia and Microsoft are the core drivers of AI, now we are seeing many other tech stalwarts join the AI Party including Oracle, SAP, ServiceNow, Palantir, Salesforce, Dell, IBM, Apple, and AMD among others &#x1f525;&#x1f3c6;&#x1f402;&#x1f37f; <a href="https://t.co/kfpqGZYmYu">https://t.co/kfpqGZYmYu</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1848061647484760323?ref_src=twsrc%5Etfw">October 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41308908/man-who-accidentally-threw-hard-drive-containing-8-000-bitcoins-worth-half-a-billion-dolla?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Man Who Accidentally Threw Hard Drive Containing 8,000 Bitcoins Worth Half A Billion Dollars In Landfill Sues Local City Council For Not Excavating The Site</a>
Why It Matters: The anticipation of a strong third quarter for tech firms aligns with recent trends in the industry. Nvidia remains a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41410262/ai-creates-generational-opportunity-why-nvidia-analyst-says-stock-will-hit-190">top pick within the AI sector</a>, with analysts labeling it a &#8220;generational opportunity&#8221; due to its dominant market position in AI chips. 
This sentiment is echoed by Taiwan Semiconductor Mfg. Co. Ltd.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) recent earnings, which <a href="https://www.benzinga.com/news/earnings/24/10/41373163/nvidia-supplier-tsmc-reports-q3-revenue-earnings-beat-amid-rising-demand-for-ai-chips">exceeded expectations due to strong demand</a> for AI chips, further supporting the bullish outlook for tech companies.
Additionally, the third quarter earnings preview suggests that the tech sector is <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41280243/q3-earnings-preview-analyst-predicts-tech-will-triumph-while-energy-will-struggle">poised to outperform</a>, while other sectors like energy may face challenges. 
This optimism is further supported by increased ad spending, as seen with Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), where analysts have raised price targets ahead of its earnings report, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41390020/analysts-lift-price-targets-on-meta-platforms-stock-ahead-of-q3-earnings-heres-why">driven by strong ad spending</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41401233/tech-bull-says-investors-should-take-advantage-of-amazon-stocks-period-of-relative-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tech Bull Says Investors Should Take &#8216;Advantage&#8217; Of Amazon Stock&#8217;s &#8216;Period Of Relative Underperformance&#8217; Ahead Of Q3 Earnings</a></li>
</ul>
Image Via Flickr
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Global

AAPL

DELL

MSFT

NVDA

ORCL

PLTR

Dan Ives Acknowledges Nvidia, Microsoft As 'Core Drivers Of AI' But Sees Palantir, IBM, AMD And Apple Joining The Party As Well — Robust Q3 Earnings Expected

Reported Earlier, People's Bank of China Loan Prime Rate 3.10% Vs. 3.15% Est.; 3.35% Prior

Reported Earlier, China Loan Prime Rate 5Y For October 3.60% Vs. 3.65% Est.; 3.85% Prior

OpenAI CEO Sam Altman has voiced his not-so-surprising support for Meta Platforms CEO Mark Zuckerberg in a <a href="https://www.benzinga.com/news/23/08/33699214/elon-musk-thinks-an-unconventional-cage-match-debate-with-zuckerberg-is-a-good-idea">hypothetical cage match</a> against Tesla and SpaceX boss Elon Musk.
What Happened: His comments came in an interview with Xfund&#8217;s Patrick Chung that took place at Harvard University on May 1 and was posted on Harvard Business School&#8217;s YouTube channel last week.
During a quick-fire question round, Altman was asked to pick between Musk and Zuckerberg, to which he promptly asked, &#8220;Like in a cage match?&#8221;
When Chang prodded further saying, &#8220;Who would you bet on,&#8221; Altman said, &#8220;Zuck in a cage match.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/10/41401752/nvidia-executive-defends-teslas-optimus-robots-amid-criticism-thats-a-huge-advancement-not-something?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia Executive Defends Tesla&#8217;s &#8216;Optimus&#8217; Robots Amid Criticism: &#8216;That&#8217;s A Huge Advancement&#8230;Not Something That Should Be Downplayed&#8217;</a>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="A fireside chat with Sam Altman OpenAI CEO at Harvard University" width="500" height="281" src="https://www.youtube.com/embed/FVRHTWWEIz4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
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Why It Matters: The <a href="https://www.benzinga.com/general/entertainment/23/08/33763649/zuckerberg-to-musk-is-it-all-talk-or-will-you-walk-the-cage-walk">concept of a &#8220;cage match&#8221;</a> between the two tech moguls gained traction last year, after Zuckerberg announced Threads, a new text-based social media platform as a potential rival to Musk&#8217;s X, formerly Twitter.
Musk, who <a href="https://www.benzinga.com/news/23/04/31810229/elon-musk-bought-twitter-1-year-ago-a-look-back-at-whats-happened-since-and-what-could-be-next">acquired Twitter for $44 billion</a> in October 2022, challenged Meta CEO for a cage match, which Zuckerberg accepted.
Musk continued to fuel the idea, suggesting Las Vegas as a potential venue and even hinting he might <a href="https://www.benzinga.com/general/gaming/23/08/33843834/knock-knock-whos-there-musk-challenges-zuckerberg-to-monday-night-fight-plans-to-live-stream-on-x">confront Zuckerberg at his home</a>. Zuckerberg, however, maintained a more cautious approach, expressing interest but waiting for concrete plans from Musk.
UFC president Dana White also confirmed that <a href="https://www.benzinga.com/news/24/03/37926826/elon-musk-vs-mark-zuckerberg-would-have-been-the-biggest-fight-ever-done-says-ufcs-dana-white">serious discussions were happening</a> behind the scenes. However, as of now, the potential cage match remains uncertain.
Earlier this year, Musk re-ignited this conversation by <a href="https://www.benzinga.com/news/24/07/39947719/elon-musk-says-he-will-fight-mark-zuckerberg-any-place-any-time-any-rules-cage-match-vibes-anyone">publicly challenging</a> Zuckerberg. The Tesla CEO later <a href="https://www.benzinga.com/general/politics/24/07/40086207/move-over-zuckerberg-musk-now-has-a-fight-with-venezuela-president-maduro-on-his-mind-if-i-win-h">proposed a fight</a> with Venezuela&#8217;s President Nicolas Maduro.
Meanwhile, the feud between Musk and Altman has also escalated. Last month, Musk <a href="https://www.benzinga.com/news/24/09/41039287/elon-musk-isnt-pleased-that-sam-altman-likely-to-get-7-stake-after-chatgpt-parents-planned-for-profi">expressed displeasure</a> over Altman&#8217;s potential 7% stake in OpenAI, the AI startup he helped co-found in 2015, following its transition to a for-profit entity.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41418188/ai-power-demand-skyrockets-nvidia-ceo-lauds-openai-and-teslas-optimus-robots-assisted-by-humans-this?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">AI Power Demand Skyrockets, Nvidia CEO Lauds OpenAI, And Tesla&#8217;s Optimus Robots Assisted By Humans: This Week In AI</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Mark Zuckerberg Or Elon Musk? OpenAI CEO Sam Altman Says He'd Back This Tech Titan In A Cage Fight

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) continues to face significant headwinds in its automotive business, with concerns mounting over sustained margin pressure and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41415287/tesla-bull-gene-munster-breaks-down-ev-giants-robotaxi-plans-and-future-of-autonomy">underperformance against broader tech indices</a>, according to an analysis from The Future Fund LLC.
What Happened: Gary Black, managing partner at The Future Fund, emphasizes his firm&#8217;s analytical approach to valuation, notably excluding potential revenue from robotaxis and Optimus until competitive dynamics and economics become clearer.
Black, highlighted Tesla&#8217;s recent underperformance, noting a 24% decline against the Nasdaq 100&#8217;s 32% gain over three years. However, Future Fund maintains a long position in Tesla, citing robust global EV adoption trends and expansion opportunities.
&#8220;Global EV adoption continues to surge, from 15% today to 50% by 2030, representing a 25.8% CAGR,&#8221; Black noted on X, formerly Twitter. The firm projects Tesla can maintain its market share by entering new segments, including a $25-30K compact vehicle, robotaxi services, and small pickups.
Future Fund&#8217;s detailed valuation model includes:
<ul>
<li>2030 delivery target of 8.8 million vehicles</li>
<li>Projected adjusted EPS of $15.00</li>
<li>Price target of $270, based on a 1.5x PEG ratio and 25% forward EPS growth</li>
<li>2030 valuation of $562, discounted at a 14.2% cost of equity</li>
</ul>
&#8220;We realize many $TSLA investors disdain our analytical-based approach to TSLA valuation, but that's how the investment world works. One can't just make up valuations out of thin air.&#8221; Black wrote. 
Black explained that The Future Fund models EV demand and market share, FSD adoption rates, energy, and services. However, they refrain from including Robotaxi or Optimus in their valuation until they can evaluate the competitive dynamics and economics of these future products. 
The firm believes that multiple automakers will be approved for generalized unsupervised autonomy around the same time, suggesting that a demand-driven model is more appropriate for valuation rather than a supply-driven one.
Near-term challenges include:
<ul>
<li>Auto loan interest rates of 0.99% globally</li>
<li>Negative Cybertruck margins</li>
<li>Limited scale production, with Q3 Cybertruck deliveries estimated at 13,500 units</li>
</ul>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">For <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> to start moving higher after 3 years of underperformance (TSLA -24% vs NDX +32%), the negative earnings trajectory of the past few years has to reverse (FY'24 Adj EPS -49% over past 12 months, FY'25 Adj EPS -47%, FY'28 Adj EPS -40%). WS's focus in this week's earnings… <a href="https://t.co/VxwpQ1hs4t">pic.twitter.com/VxwpQ1hs4t</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1848157662657032526?ref_src=twsrc%5Etfw">October 21, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/insights/options/24/10/41411253/palantir-technologies-unusual-options-activity?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Palantir Technologies Unusual Options Activity</a>
Why It Matters: Tesla&#8217;s financial performance is crucial as the company navigates a series of strategic shifts. Recently, Tesla showcased its <a href="https://www.benzinga.com/news/24/10/41376564/tesla-showcases-optimus-autonomous-navigation-charging-abilities-after-admitting-they-were-human-ass">Optimus humanoid robot</a>, demonstrating advancements in autonomous navigation and charging capabilities. 
This move aligns with Tesla&#8217;s broader vision for autonomy, a field where Waymo co-founder Anthony Levandowski sees Tesla having an edge due to its <a href="https://www.benzinga.com/news/24/10/41355911/waymo-co-founder-says-tesla-has-an-advantage-in-race-to-autonomous-driving-id-rather-be-in-teslas-sh">extensive data collection</a>.
Additionally, Tesla&#8217;s recent <a href="https://www.benzinga.com/news/24/10/41378568/tesla-promotes-key-executives-and-gives-them-more-responsibilities-in-leadership-shuffle">executive promotions</a> indicate a strategic realignment to bolster its sales and manufacturing operations. 
These developments come as Gene Munster from Deepwater Asset Management discusses Tesla&#8217;s ambitious plans for robotaxis, which could revolutionize transportation and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41415287/tesla-bull-gene-munster-breaks-down-ev-giants-robotaxi-plans-and-future-of-autonomy">save significant time and resources</a>.
Price Action: Tesla Inc. closed at $220.70 on Friday, down 0.086%. In after-hours trading, the stock further declined 0.25%. Year to date, Tesla&#8217;s stock has decreased by 11.16%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Read Next: 
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41417379/nvidia-stock-is-up-over-233-in-the-past-year-and-tech-bulls-say-it-could-go-even-hi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia Stock Is Up Over 233% In The Past Year And Tech Bulls Say It Could Go Even Higher From Here: &#8216;…You&#8217;ll See The Stock Double Over The Next Several Years&#8217;</a>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Gary Black Explains Why He Doesn't Factor In Robotaxi Or Optimus To Tesla Valuation: Investors May Not Like  Analytical Approach, But That's How 'Investment World Works'

A well-known cryptocurrency analyst issued a bullish prediction for Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>), coinciding with a significant jump in the token&#8217;s burn rate over the last 24 hours. 
What Happened: On Sunday, widely followed X personality Kevin observed a &#8220;rounding bottom formation with an inverse head-and-shoulders&#8221; pattern for the popular dog-themed meme coin, prompting a massive 50% price increase projection.
For those unaware, inverse head-and-shoulders is a key chart pattern that signals a potential shift from a bearish to a bullish trend.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/ShibaInu?src=hash&amp;ref_src=twsrc%5Etfw">#ShibaInu</a> has formed a very nice rounding bottom formation with a inverse head n shoulders. Price target is 50% higher from here at the macro golden pocket and .703 Fib. <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://t.co/TfDys7imBT">pic.twitter.com/TfDys7imBT</a>
&mdash; Kevin (@Kev_Capital_TA) <a href="https://twitter.com/Kev_Capital_TA/status/1848111840213225502?ref_src=twsrc%5Etfw">October 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Additionally, Shiba Inu&#8217;s Moving Average Convergence Divergence (MACD) indicator flashed a buy signal, <a href="https://in.tradingview.com/symbols/SHIBUSD/technicals/">according </a>to data from charting platform TradingView. 
The MACD is primarily used to gauge an asset's overall trend. When the MACD line crosses above the signal line, it is interpreted as bullish.
In another development, the coin&#8217;s burn rate <a href="https://www.shibburn.com/">spiked </a>389% in the last 24 hours, with nearly 6.3 million SHIBs going up in smoke and exerting more deflationary pressure on the cryptocurrency. 
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41415299/bitcoin-predicted-to-hit-6-figure-price-in-2025-bitwise-ceo-says-next-year-will-be-">Bitcoin Predicted To Hit 6-Figure Price In 2025, Bitwise CEO Says Next Year Will Be &#8216;Exceptional&#8217; For King Crypto</a>
Why It Matters: The second-largest meme coin by market valuation has been on a roll over the month, gaining over 32%. 
An <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41411471/dogecoin-killer-shiba-inu-is-the-obvious-catch-up-play-for-those-who-missed-doge-rally-tra">unknown whale recently withdrew</a> 105.9 billion SHIB, valued at $1.99 million, from cryptocurrency exchange Coinbase, signaling strong accumulation and anticipation for future price rises.
Kevin&#8217;s prediction aligns with the <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41420178/bitcoin-ethereum-dogecoin-on-the-rise-as-uptober-may-be-finally-here-analysts-predict-bull">current bullish trend</a> in the cryptocurrency market. Leading cryptocurrencies like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) have rallied sharply in recent days, boosting expectations for new all-time highs.
Price Action: At the time of writing, SHIB was exchanging hands at $0.00001897, up 1.98% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41411471/dogecoin-killer-shiba-inu-is-the-obvious-catch-up-play-for-those-who-missed-doge-rally-tra?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">FBI Arrests Alabama Man Who Allegedly Hacked</a><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41415033/fbi-arrests-alabama-man-who-allegedly-hacked-secs-x-account-to-prematurely-announce-bitcoi"> SEC&#8217;s X Account To Prematurely Announce Bitcoin ETF Approval</a></li>
</ul>

$ETH

$SHIB

Shiba Inu Ready For A Lift-Off To The Moon? Popular Analyst Predicts 50% Surge For Memecoin As Burn Rate Spikes 389%

Amid the U.S. chip sanctions, Chinese artificial intelligence firms, including&nbsp;01.ai,&nbsp;Alibaba Group Holding Ltd&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), and&nbsp;ByteDance, are making strides in reducing AI costs.
What Happened: Chinese AI companies, including startups like 01.ai and DeepSeek, and giants like Alibaba, Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), and ByteDance, are driving down AI model costs.
They are focusing on smaller data sets, hiring cheaper engineering talent, and optimizing hardware, <a href="https://www.ft.com/content/0a6da1bb-2bda-40f3-9645-97877eb0947c">reported</a> the Financial Times.
These companies have cut &#8220;inference&#8221; costs—the price to generate responses from AI models—by over 90%, offering much cheaper rates compared to their Western counterparts like OpenAI, the parent company of ChatGPT.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/10/41373962/trump-campaigns-snapchat-absence-potentially-gives-harris-edge-among-young-voters?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Campaign&#8217;s Snapchat Absence Potentially Gives Harris Edge Among Young Voters</a>
01.ai, led by former Google China head Lee Kai-Fu, has managed to&nbsp;cut inference costs by building&nbsp;a model&nbsp;that requires less computing power&nbsp;and optimizing its hardware.
&#8220;China&#8217;s&nbsp;strength is to make really&nbsp;affordable inference engines and then&nbsp;to let applications proliferate,&#8221;&nbsp;Lee told the publication.
Many Chinese AI companies are using a &#8220;model-of-expert&#8221; approach, which trains multiple specialized neural networks rather than a single dense model.
&#8220;China's strength is not doing the best breakthrough research that no one has done before where the budget has no limit,&#8221; stated Lee. &#8220;China's strength is to build well, build fast, build reliably and build cheap.&#8221;
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: This is a significant achievement, considering the challenges posed by Washington&#8217;s ban on exports of high-end Nvidia Corporation&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) AI chips, which are crucial for developing advanced models in the US.
Earlier this month, it was reported that China has informally urged its companies to <a href="https://www.benzinga.com/government/24/10/41204521/nvidias-gpu-sales-at-risk-as-china-pushes-local-ai-chips-in-retaliation">prioritize domestic AI chips</a> over those from Nvidia, potentially affecting the Jensen Huang-led company&#8217;s GPU sales.
Chinese AI firms have also been making significant strides. Alibaba, for instance, <a href="https://www.benzinga.com/startups/24/09/41052368/chinas-alibaba-just-launched-a-wave-of-100-open-source-ai-models-including-a-text-to-video-tool-that">launched over 100 open-source AI models</a> last month. This move was seen as a bold step to outpace rivals both domestically and internationally.
Chinese tech giants Alibaba and Tencent have been ramping up their <a href="https://www.benzinga.com/markets/asia/24/08/40480304/chinese-tech-giants-alibaba-and-tencent-ramp-up-ai-investments-with-nearly-a-third-of-deals-since-20">investments in AI startups</a>, with nearly a third of their deals since 2023 aimed at AI startups.

Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Media

BABA

BIDU

OpenAI's Chinese Cousins Alibaba, And ByteDance Are Slashing AI Costs And Defying US Chip Sanctions: Beijing's Strength Is To 'Build Fast, Build Reliably And Build Cheap'

Former President Barack Obama took to X to wish Kamala Harris a happy birthday and endorse her presidential campaign.
What Happened: On Sunday, the former president said on the platform. &#8220;She has spent her life fighting on behalf of people who need a voice and a chance—now it's our turn to help elect her as our next president,&#8221; he tweeted.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Happy birthday to my friend <a href="https://twitter.com/KamalaHarris?ref_src=twsrc%5Etfw">@KamalaHarris</a>! She has spent her life fighting on behalf of people who need a voice and a chance—now it's our turn to help elect her as our next president. Make sure you&#39;re ready to vote at <a href="https://t.co/NKXRGNgbZX">https://t.co/NKXRGNgbZX</a>. <a href="https://t.co/6W20I2btDB">pic.twitter.com/6W20I2btDB</a>
&mdash; Barack Obama (@BarackObama) <a href="https://twitter.com/BarackObama/status/1848077416826110200?ref_src=twsrc%5Etfw">October 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/24/10/41417224/trump-unleashes-scathing-attack-on-former-friend-mark-cuban-after-billionaire-criticizes-ex-presiden?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Unleashes Scathing Attack On Former Friend Mark Cuban After Billionaire Criticizes Ex-President&#8217;s T</a>
Harris turned 60 years old on October 20. She was born in 1964. Her Republican opponent Donald Trump was born in 1946 and is 78 years old.
President Joe Biden also extended birthday wishes to Harris and called a &#8220;dear friend, partner, and a remarkable leader.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Happy Birthday to my dear friend, partner, and a remarkable leader – Kamala Harris. <a href="https://t.co/nIBz7zjAvx">pic.twitter.com/nIBz7zjAvx</a>
&mdash; President Biden (@POTUS) <a href="https://twitter.com/POTUS/status/1848008935178977714?ref_src=twsrc%5Etfw">October 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
This endorsement from Obama comes at a crucial time in the election cycle. Recent polls show former President Trump leading Harris, with a 52% chance of winning the presidency compared to Harris&#8217;s 42%, according to a latest poll. This is a <a href="https://www.benzinga.com/news/24/10/41419769/trump-leads-harris-ex-president-improves-polling-averages-in-these-2-key-battleground-states-poll-sh">significant shift</a> from late August when Harris was leading with a 54 to 56% chance, and Trump was trailing with a 44 to 46% chance.
Why It Matters: Obama&#8217;s endorsement could potentially sway voters in this tight race. His support for Harris is not new, as he has been <a href="https://www.benzinga.com/news/24/10/41415466/obama-criticizes-trumps-town-hall-appearance-at-arizona-rally-you-would-be-worried-if-your-grandpa-w">vocal about his endorsement</a> and has criticized Trump&#8217;s leadership in previous rallies and social media posts.
Earlier this month, Obama <a href="https://www.benzinga.com/news/24/10/41284435/obama-compares-trumps-behavior-with-fidel-castro-he-has-not-stopped-whining-about-his-problems-since">compared</a> Trump&#8217;s behavior to that of Fidel Castro, stating that Trump has not stopped &#8220;whining about his problems&#8221; since his initial presidential campaign. 
Meanwhile, former Trump was <a href="https://www.benzinga.com/news/24/10/41419892/trump-turns-up-to-serve-fries-at-mcdonalds-i-could-do-this-all-day-i-wouldnt-mind-this-job">spotted serving customers</a> at a McDonald's drive-thru in Pennsylvania — a key wing state. He swapped his suit jacket for an apron. While at the fry station, he ridiculed Kamala Harris&#8217;s past work at McDonald's, calling it a fun experience. Videos of the event were shared online.
Trump while working the drive-through also wished the vice president &#8220;Happy Birthday.&#8221; He said, &#8220;She&#8217;s turning 60.&#8221; When asked if he would get her some fries, he said, &#8220;I think i&#8217;d get her some flowers.&#8221; Then changing his mind again he said he would get her McDonalds.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">BREAKING &#x1f6a8; Donald Trump wishes Kamala Harris a Happy Birthday while working at McDonald's. This is the guy they compare to Hitler. This is the guy they claim is a threat to democracy. This is the guy they tried to kill not once but twice. <a href="https://t.co/5PcFBN3jjP">pic.twitter.com/5PcFBN3jjP</a>
&mdash; Cinema Shogun (@CinemaShogun) <a href="https://twitter.com/CinemaShogun/status/1848112028797592044?ref_src=twsrc%5Etfw">October 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo courtesy: Wikimedia
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

General

Kamala Harris Turns 60 — Gets Birthday Greetings From Obama, Biden And Even Donald Trump: Republican Opponent Says, 'I Think I'd Get Her Some Flowers'

Perplexity, an artificial intelligence startup, is in discussions to raise its valuation to $8 billion or higher in its latest funding round, a significant increase from its previous valuation of $3 billion.
What Happened: The San Francisco-based company, which has seen its valuation triple in the past year, is looking to raise approximately $500 million in its fourth funding round, <a href="https://www.wsj.com/tech/ai/ai-startup-perplexity-in-funding-talks-to-more-than-double-valuation-to-8-billion-54d36787?mod=latest_headlines">reported</a> The Wall Street Journal on Sunday, citing people familiar with the matter. The funding would be a test of investor interest in high-growth AI startups.
Perplexity, founded two years ago and backed by Amazon.com Inc. founder Jeff Bezos, is a search-based chatbot that provides real-time information. The company&#8217;s annualized revenue is currently around $50 million, up from $10 million in March.
Despite its rapid growth, Perplexity has faced criticism from web publishers for using their content without permission. The New York Times has even sent a &#8220;cease and desist&#8221; notice to the startup.
Perplexity did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/markets/esg/24/10/41409688/this-small-cap-nuclear-stock-is-up-over-100-in-a-month-will-it-keep-generating-momentum?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">This Small-Cap Nuclear Stock Is Up Over 100% In A Month: Will It Keep Generating Momentum?</a>
Why It Matters: Perplexity has been making significant strides in the AI industry. In September, the company was reportedly <a href="https://www.benzinga.com/news/24/09/40972869/jeff-bezos-backed-perplexity-ai-in-discussion-with-marriott-and-nike-as-it-prepares-to-challenge-to">in talks with top brands like Nike Inc.</a> and Marriott International as it prepared to challenge Google&#8217;s dominance in the digital ads industry. In August, its revenue and usage skyrocketed <a href="https://www.benzinga.com/general/entrepreneurship/24/08/40292703/perplexity-ais-revenue-usage-skyrocket-as-it-enters-into-advertising">after it entered into advertising</a>.
Perplexity&#8217;s CEO, Aravind Srinivas, has been vocal about challenging the duopoly of Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) subsidiary Google and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) in the search and advertising industry.
Perplexity is also in discussions with major brands like Nike Inc. and Marriott International to develop a &#8220;sponsored&#8221; question system, aiming to disrupt <a href="https://www.benzinga.com/news/24/09/40972869/jeff-bezos-backed-perplexity-ai-in-discussion-with-marriott-and-nike-as-it-prepares-to-challenge-to">Google&#8217;s auction-based ads model</a>.
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Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Startups

Jeff Bezos-Backed Perplexity Aims For $8B Valuation In New Funding Round: AI-Fueled Google Challenger Reportedly Seeks $500M For Growth

Leading cryptocurrencies maintained bullish momentum over the weekend, boosting expectations for new all-time highs.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+1.26%</td>
<td>$69,123.24</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+3.79%</td>
<td>$2,744.10</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+0.96%</td>
<td>$0.1444</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin jumped above $69,000 late evening, a level not seen since the first week of June. The world&#8217;s largest cryptocurrency was up 8.9% in October, a month that has historically seen gains of over 21% on average.
Ethereum spiked to $2,750, the highest it has been since the <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40203958/what-really-caused-bitcoin-ethereum-to-crash-analyst-has-answers">August meltdown</a>. The second-largest cryptocurrency soared nearly 12% last week.
In the past 24 hours, 56,654 traders were liquidated, with the total liquidations coming in at $134.09 million. More than $805 million in Bitcoin shorts would be wiped out if the leading cryptocurrency hits $72,000, <a href="https://www.coinglass.com/pro/futures/LiquidationMap">according </a>to Coinglass.
Bitcoin's Open Interest rose 2.87% in the last 24 hours, while money locked in Ethereum's futures market soared 8.84%, indicating bullish momentum.
Market sentiment was one of "Greed" as of this writing, according to the Cryptocurrency Fear &amp; Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. EDT)</td>
</tr>
<tr>
<td>Apecoin (APE)</td>
<td>+62.30%</td>
<td>$1.42</td>
</tr>
<tr>
<td>dYdX (DYDX)</td>
<td>+27.87%</td>
<td>$1.26</td>
</tr>
<tr>
<td>Mog Coin (MOG)</td>
<td>+11.94%</td>
<td>$0.00000228</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency stood at $2.39 trillion, following a jump of 2.20% in the last 24 hours.
Stock futures edged higher Sunday overnight. The Dow Jones Industrial Average Futures was up 53 points, or 0.13%, as of 8:45 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 gained 0.12%, while Nasdaq 100 Futures added 0.14%.
The rise followed a lucrative week for blue-chip indexes, with the Dow Jones Industrial Average and the S&amp;P 500 closing at record highs Friday. to close at a new record high of 43,239.05. The Dow was up 2.23% since October began, while the broad-based index lifted 1.77% in the same period.
Tech titans like Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) are all set to report their earnings this week, serving as important market triggers.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Noted cryptocurrency researcher and trader Rekt Capital stated that Bitcoin would break out from the multi-month downtrend channel toward at least $70,000 if it records a weekly close above the red resistance.
With King Crypto managing to do just that, it remains to be seen whether the analyst&#8217;s prediction is correct.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Bitcoin is mere hours away from a historic Weekly Candle Close If Bitcoin Weekly Closes just like this, it will kickstart the breakout process from this multi-month Downtrending Channel towards at least $70,000<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/0yCvpcqRGC">pic.twitter.com/0yCvpcqRGC</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1848086376119697595?ref_src=twsrc%5Etfw">October 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Widely followed cryptocurrency analyst Ali Martinez drew attention to the bullish pivot of the MVRV Momentum indicator, considered a "go-to" metric to evaluate Bitcoin's trend.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">One of my go-to indicators for gauging <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>&#39;s trend, the MVRV Momentum, has flipped bullish again!!! <a href="https://t.co/qOtIJgXTWe">pic.twitter.com/qOtIJgXTWe</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1848107926088785969?ref_src=twsrc%5Etfw">October 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Regarding Ethereum, the analyst highlighted the possibility of the coin rising to $3,300 provided the $2,660 holds.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> appears to be breaking out! As long as the $2,660 support holds, <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> could rise to $3,300! <a href="https://t.co/6pfcRyyiaP">pic.twitter.com/6pfcRyyiaP</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1848005048548122997?ref_src=twsrc%5Etfw">October 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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$DOGE

Bitcoin, Ethereum, Dogecoin On The Rise As 'Uptober' May Be Finally Here: Analysts Predict Bullish Breakout For King Crypto, ETH's Rally To $3,300

Sen. Bernie Sanders (I-Vt.) recently expressed his views on the economic struggles faced by working-class families and its impact on their life expectancy.
What Happened: On Sunday, Sanders took to X to share his personal experience growing up in a family that lived paycheck to paycheck. 
&#8220;I grew up in a family that lived paycheck to paycheck,&#8221; said Sanders.
He highlighted the stress of working multiple jobs, worrying about affording healthcare, and the threat of eviction due to the inability to pay rent. 
&#8220;It&#8217;s the reason that working people live shorter lives than the rich.&#8221;
Sanders shared a video of an interaction he had with people during which he asked them to talk about living paycheck to paycheck. Some talked about being burned out because they had to work multiple jobs to afford the necessities of life.
One person named Annie said, &#8220;I&#8217;ve done took on three jobs for $13 an hour just to make ends meet.&#8221; She said, &#8220;I&#8217;m providing for a house that I&#8217;m barely at. I can&#8217;t even be there to relax. When I&#8217;m there relaxing. That&#8217;s all, literally, I want to do.&#8221;
Bernie responded by saying she had &#8220;hit the nail on the head.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I grew up in a family that lived paycheck to paycheck. The stress brought on by having to work multiple jobs &#8230; worry about affording health care &#8230; getting evicted because you can&#39;t pay the rent &#8230; It&#39;s the reason that working people live shorter lives than the rich. <a href="https://t.co/ifCFsgnBy0">pic.twitter.com/ifCFsgnBy0</a>
&mdash; Bernie Sanders (@BernieSanders) <a href="https://twitter.com/BernieSanders/status/1848089456995172726?ref_src=twsrc%5Etfw">October 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/24/10/41417224/trump-unleashes-scathing-attack-on-former-friend-mark-cuban-after-billionaire-criticizes-ex-presiden?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Unleashes Scathing Attack On Former Friend Mark Cuban After Billionaire Criticizes Ex-President&#8217;s Tariff Plans: &#8216;Weak And Pathetic Bully&#8217;</a>
Why It Matters: This post by Sanders echoes his previous statements on the disparity in healthcare outcomes between the rich and the poor in the United States. Sanders has consistently <a href="https://www.benzinga.com/news/24/09/40784837/bernie-sanders-says-if-youre-poor-in-america-youll-live-10-15-years-less-anybody-else-see-a-problem">voiced his concerns</a> about the high cost of medical care and the financial burden it places on patients. He has stated that in America, if you&#8217;re rich, you&#8217;ll live as long as people in other developed countries, but if you&#8217;re poor, you&#8217;ll live 10 to 15 years less.
His views are consistent with his previous statements on the state of healthcare and wealth distribution in the United States. He has highlighted the high cost of medical care and the financial burden it places on patients. He also pointed out that the U.S. is the only major country where an emergency hospital visit can lead to financial ruin.
Sanders <a href="https://www.benzinga.com/real-estate/23/05/32193719/i-think-people-can-make-it-on-999-million-bernie-sanders-blasts-americas-billionaires-here-is-how-th">criticized</a> America&#8217;s billionaires and advocated for a more progressive tax system. He has consistently expressed his belief that billionaires shouldn&#8217;t exist and that the rich should be taxed more.
Bill Gates and Bernie Sanders, though unlikely allies, both supported higher taxes on the wealthy, according to a recent Benzinga report. Gates mentioned he&#8217;d be <a href="https://www.benzinga.com/startups/24/10/41303029/id-still-have-1-3-billion-bill-gates-says-bernie-sanders-would-take-99-of-his-fortune-he-claims-hed">fine losing much of his fortune</a>, while Sanders took a more extreme stance, advocating for even steeper taxes on billionaires.
Image via Flickr
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Bernie Sanders Says Grew Up In A Family That Lived Paycheck-To-Paycheck, Slams Inequality: 'It's The Reason That Working People Live Shorter Lives Than The Rich'

Australia-based cannabis grower and producer Little Green Pharma (ASX: LPG) reported its financial results for the quarter ended Sep 30, revealing unaudited record revenue of AU$10.2 million ($6.85 million). This marks a 40% increase from the prior quarter and nearly 60% from the corresponding quarter last year.
By product category, the company saw a 45% increase in oil sales, driven by growth in both France and Australia, and over a 35% increase in flower sales, driven by both the company's brands and white-label sales. At the same time, vaporizer sales declined 20%.
<h2 class="wp-block-heading">Quarterly Financial Highlights</h2>
<ul>
<li>Cash receipts of AU$10.8 million, up more than 30% from the prior quarter;</li>
<li>Net operating cash inflow of more than AU$1.0 million, resulting in a cash-flow-positive quarter of AU$600,000;</li>
<li>Cost savings of AU$500,000 per year expected from subcontracting Australian&nbsp;cultivation operations;</li>
<li>Cash in bank of AU$4.8 million up from AU$4.3 million.</li>
</ul>
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41384700/cannabis-earnings-update-marijuana-lenders-and-top-operator-to-report-results-heres-what-investo">Cannabis Earnings Update: Marijuana Lenders And Top Operator To Report Results, Here&#8217;s What Investors Need To Know</a>
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
<h2 class="wp-block-heading">European Potential</h2>
The company noted that the German, U.K. and French cannabis markets are driving strong growth in European industry demand. In the reporting quarter, the company had a 60% increase in flower sales to Europe, with more than a 110% increase in French oil sales.
The company recently revealed it <a href="https://www.benzinga.com/markets/cannabis/24/08/40323963/australian-cannabis-producers-eye-european-market-especially-germany-and-france-marijuana-and-me">expects France to fully legalize medical marijuana in 2025</a>. According to the company&#8217;s chief executive Paul Long, this could shift the majority of French people, who consume cannabis illegally, to medical use. According to the United Nations, some 6.8 million French people use marijuana illegally.
&#8220;People have this preconceived idea that cannabis is … just chasing a high," Long previously said. "What we've seen [with] the patients coming from the illicit market to the medical [is] the lion's share — 70 to 80% — have actually been self-prescribed.&#8221;
According to data from the Office of Drug Control, Australia produced 23 tons for the domestic market in 2022, with some 1,500 kg exported overseas. The industry contends that these figures will grow significantly as Europe updates its laws.
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Photo: Courtesy of Branding Pot via Shutterstock

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On Sunday, an analyst expressed doubts about Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) much-anticipated new artificial intelligence system, <a href="https://www.benzinga.com/topic/apple-intelligence" target="_blank" rel="noreferrer noopener">Apple Intelligence</a>, suggesting that it may not meet the high expectations.
What Happened: Bloomberg columnist Mark Gurman took to X, formerly Twitter, and said that consumers might react disappointed or confused when the <a href="https://www.benzinga.com/markets/equities/24/08/40125922/apple-intelligences-transformative-capabilities-excite-tim-cook-even-as-iphone-revenue-declines-">new AI feature</a> is unveiled next week.
&#8220;Mark my words, after 5 months of hype from Apple and others about Apple Intelligence, when it actually comes out next week, there is going to be a lot of &#8216;that's it?&#8217; or &#8216;where is it?; from consumers,&#8221; he wrote.
See Also: <a href="https://www.benzinga.com/news/24/10/41415320/us-probe-into-potential-sanctions-breach-by-tsmc-threatens-apples-iphone-chips-production?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">US Probe Into Potential Sanctions Breach By TSMC Threatens Apple&#8217;s iPhone Chips Production</a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Mark my words, after 5 months of hype from Apple and others about Apple Intelligence, when it actually comes out next week, there is going to be a lot of "that's it?" or "where is it?" from consumers.
&mdash; Mark Gurman (@markgurman) <a href="https://twitter.com/markgurman/status/1848101893555503611?ref_src=twsrc%5Etfw">October 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: Apple Intelligence is a collection of AI-driven features aimed at enhancing the user experience across Apple's device ecosystem, including the iPhone, iPad, and Mac.
This system combines generative AI technology with personal data to offer customized assistance to users.
Back in September, Apple revealed that the initial AI features would be available in beta sometime in the next month. Now, with October halfway over, indications point to a release before November.
Developers and participants in <a href="https://www.benzinga.com/news/24/07/40029107/apple-rolls-out-ios-18-1-developer-beta-with-apple-intelligence-ahead-of-q3-earnings">Apple's public beta program can already</a> access prerelease versions of iOS 18.1 and sign up to test Apple Intelligence.
Previously, a top analyst suggested that <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40243957/apple-intelligences-advanced-features-could-eventually-cost-money-says-top-analyst-">Apple could charge its users up to $20</a> for its advanced AI features, which may further bolster the company's business in 2024.
Earlier this month, JPMorgan analyst Samik Chatterjee suggested that the initial momentum for high-end models appears muted compared to past launches, primarily <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41153448/apple-analyst-signals-slower-start-to-the-ai-cycle-as-iphone-16-demand-softens">due to the unavailability of AI capabilities</a>.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41418188/ai-power-demand-skyrockets-nvidia-ceo-lauds-openai-and-teslas-optimus-robots-assisted-by-humans-this?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">AI Power Demand Skyrockets, Nvidia CEO Lauds OpenAI, And Tesla&#8217;s Optimus Robots Assisted By Humans: This Week In AI</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Apple Intelligence's Meh Moment Ahead? Analyst Predicts 5 Months Of Build-Up Could Lead To A 'That's It?' Reaction

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이들 7개 중형주는 지난주 최고의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요?
1. 오클로(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>)의 주식은 지난주 99.23% 급등했다. 이는 아마존(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)의 AWS가 <a href="https://www.benzinga.com//node/41358363" target="_blank" rel="noreferrer noopener">5억 달러 이상을 핵 발전에 투자할 계획을 발표</a>한 후 원자력 관련 주식들의 상승에 따른 것 이다.
2. 웨이브 라이프 사이언스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WVE#NASDAQ">WVE</a>)의 주식은 회사가 RestorAATion-2 시험에서 <a href="https://www.benzinga.com//node/41359843" target="_blank" rel="noreferrer noopener">알파-1 안티트립신 결핍증</a>에 대한 WVE-006의 최초 인류 치료 RNA 편집에 성공했다고 발표한 후 67.35% 급등했다. 여러 애널리스트들이 주가 목표를 <a href="https://www.benzinga.com/quote/wve/analyst-ratings" target="_blank" rel="noreferrer noopener">상향 조정</a>했다.
3. 롱보드 파마슈티컬스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBPH#NASDAQ">LBPH</a>)의 주식은 회사가 룬드벡(Lundbeck)에 의해 <a href="https://www.benzinga.com//node/41313129" target="_blank" rel="noreferrer noopener">주당 60달러 현금으로 인수될 것</a>이라고 발표한 후 52.21% 상승했다.
4. 울프스피드(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>)의 주식은 반도체 및 과학 법(<a href="https://www.benzinga.com//node/41339603" target="_blank" rel="noreferrer noopener">CHIPS and Science Act)</a>에 따른 최대 7억 5천만 달러의 직접 자금 지원을 위한 비구속적 예비 계약을 체결한 후 42.44% 급등했다.
5. 클린스파크(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>)의 주식은 비트코인(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) 가격이 <a href="https://www.benzinga.com//node/41386011" target="_blank" rel="noreferrer noopener">67,000달러 이상</a> 오른 후 34.10% 상승했다.
6. 텔레폰 앤 데이터 시스템즈(NYS:<a class="items-end ticker-link-wrapper inline-flex" href="https://www.benzinga.com/quote/tds" target="_blank" rel="dofollow noopener" aria-label="Go to Quote Page for TDS">TDS</a>)의 주식은 회사의 자회사인 유나이티드 스테이트 셀룰러(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USM#NYSE">USM</a>)가 <a href="https://www.benzinga.com//node/41403665" target="_blank" rel="noreferrer noopener">AWS 및 PCS 대역의 일부 주파수 라이선스를 판매</a>한다고 발표한 후 26.03% 상승했다.
7. 아이온큐(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>)의 주식은 회사가 <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">3분기 재무 결과를 11월 6일 발표</a>할 것이라고 발표한 후 15.31% 상승했다.
추가 읽기:
<ul>
<li><a href="https://kr.benzinga.com/news/usa/stocks/%EB%8B%88%EC%98%A4-asml-%EB%B0%8F-cvs-%ED%97%AC%EC%8A%A4%EB%8A%94-%EC%A7%80%EB%82%9C%EC%A3%BC-%EC%B5%9C%EC%95%85%EC%9D%98-%EC%84%B1%EA%B3%BC%EB%A5%BC-%EB%B3%B4%EC%9D%B8-10%EA%B0%9C-%EB%8C%80%ED%98%95/" target="_blank" rel="noopener">니오, ASML 및 CVS 헬스는 지난주 최악의 성과를 보인 10개 대형주 중 일부 (10월 14일-18일)</a></li>
<li><a href="https://kr.benzinga.com/news/usa/stocks/%EC%BD%94%EC%9D%B8%EB%B2%A0%EC%9D%B4%EC%8A%A4%EC%99%80-%EC%9C%A0%EB%82%98%EC%9D%B4%ED%8B%B0%EB%93%9C-%ED%95%AD%EA%B3%B5%EC%9D%80-%EC%A7%80%EB%82%9C%EC%A3%BC-%EC%B5%9C%EA%B3%A0-%EC%84%B1%EA%B3%BC/" target="_blank" rel="noopener">코인베이스와 유나이티드 항공은 지난주 최고 성과를 보여준 11개 대형주 중 일부 (10월 14일-18일)</a></li>
</ul>
사진 출처: Oklo
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IonQ

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일요일, 10월 20, 2024

사람들이 또한 지켜본다

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