Latest news for Locafy (NASDAQ:LCFYW) Stock

Locafy Ltd is focused on commercializing its Software as a Service (SaaS) online publishing technology platform. Its platform enables the ability to publish almost any type of content to almost any device that uses a web browser to display web content. The firm has three operating segments: the Publishing segment, the Reseller segment, and the Channel sales segment. It derives a majority of its revenue from Australia and New Zealand.

Locafy Ltd

Needham analyst Ami Fadia reiterates Harmony Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRMY#NASDAQ">HRMY</a>) with a Buy and maintains $52 price target.

News

Price Target

Reiteration

Analyst Ratings

HRMY

Needham Reiterates Buy on Harmony Biosciences, Maintains $52 Price Target

Needham analyst Scott Berg reiterates SEMrush Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEMR#NYSE">SEMR</a>) with a Buy and maintains $18 price target.

SEMR

Needham Reiterates Buy on SEMrush Hldgs, Maintains $18 Price Target

HC Wainwright &amp; Co. analyst Arthur He reiterates Prime Medicine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRME#NASDAQ">PRME</a>) with a Buy and maintains $10 price target.

PRME

HC Wainwright & Co. Reiterates Buy on Prime Medicine, Maintains $10 Price Target

As part of its expansion, YY Circle, the Group&#39;s flagship interactive job-matching platform, will now be available to employers and job seekers in the UK&#39;s hospitality, retail, and service sectors. These industries, which have been navigating labor shortages and operational challenges, stand to benefit from YY Circle&#39;s intelligent workforce management solutions.

YYGH

YY Group Holding Reveals Its Expansion Into The UK Market

HC Wainwright &amp; Co. analyst Edward White initiates coverage on Larimar Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRMR#NASDAQ">LRMR</a>) with a Buy rating and announces Price Target of $15.

Initiation

Larimar Therapeutics, Inc. - Common Stock

LRMR

HC Wainwright & Co. Initiates Coverage On Larimar Therapeutics with Buy Rating, Announces Price Target of $15

<a href="https://digital-strategy.ec.europa.eu/en/news/commission-sends-requests-information-youtube-snapchat-and-tiktok-recommender-systems-under-digital" title="https://digital-strategy.ec.europa.eu/en/news/commission-sends-requests-information-youtube-snapchat-and-tiktok-recommender-systems-under-digital">https://digital-strategy.ec.europa.eu/en/news/commission-sends-requests-information-youtube-snapchat-and-tiktok-recommender-systems-under-digital</a>

Tech

GOOG

GOOGL

SNAP

EU Commission Sends Requests For Information To YouTube, Snapchat, TikTok On Recommender Systems Under Digital Services Act

Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) has reportedly launched a new AI chatbot named &#8220;Cedric,&#8221; designed to be safer than ChatGPT created by OpenAI for internal use.
What Happened: The internal document obtained by Business Insider describes Cedric as a &#8220;general purpose AI chatbot&#8221; that can assist employees with tasks such as asking questions, summarizing documents, and brainstorming ideas. This tool aims to boost productivity and job satisfaction among Amazon employees, Business Insider <a href="https://www.businessinsider.in/artificial-intelligence/news/amazon-quietly-rolled-out-a-new-ai-chatbot-that-is-safer-than-chatgpt-for-employees-to-use/articleshow/113860733.cms">reported</a> on Tuesday.
Amazon has been cautious about using third-party AI tools like ChatGPT due to security concerns. The company formalized guidelines earlier this year to ban external AI tools for business purposes. Cedric is part of Amazon&#8217;s effort to provide a secure alternative.
According to the internal document, Cedric was developed using Amazon&#8217;s Bedrock AI platform and Anthropic&#8217;s Claude large language model. It is designed to handle highly confidential data securely, with chat history saved in an encrypted database.
See Also: <a href="https://www.benzinga.com/news/24/10/41111038/elon-musk-gets-bold-font-removed-from-xs-main-timeline-because-of-excessive-use-my-eyes-are-bleeding?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Gets Bold Font Removed From X&#8217;s Main Timeline Because Of &#8216;Excessive&#8217; Use: &#8216;My Eyes Are Bleeding&#8217;</a>
Amazon employees are encouraged to use Cedric for creating memos, turning meeting notes into emails, and generating new ideas. However, for code generation, employees should use Amazon Q instead of Cedric.
Amazon has yet to respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> queries.
Why It Matters: Amazon&#8217;s introduction of Cedric follows its ongoing efforts to enhance AI capabilities internally. Earlier this year, Amazon was reported to be working on a <a href="https://www.benzinga.com/markets/equities/24/06/39470396/amazon-set-to-challenge-chatgpt-parent-openai-with-new-ai-service-metis-report">new AI chatbot,</a> codenamed Metis, designed to compete with OpenAI's ChatGPT. Metis aims to provide real-time information and automate tasks using a technique called retrieval-augmented generation.
Additionally, Amazon has been leveraging AI to <a href="https://www.benzinga.com/news/24/06/39529418/amazon-leverages-ai-to-aid-in-finance-operations-and-improve-analyses">improve its finance operations</a>. The company has integrated generative AI into its finance teams to assist with complex analyses, moving beyond traditional rules-based systems and machine learning. 
Previously, CEO Andy Jassy also highlighted the significant amount of work hours that have been saved by their generative artificial <a href="https://www.benzinga.com/markets/equities/24/08/40524790/amazon-ceo-andy-jassy-says-companys-ai-assistant-has-saved-260m-and-4-5k-developer-years-of-work">intelligence assistant, Amazon Q</a>. Calling it a &#8220;game changer,&#8221; Jassy noted that Amazon Q&#8217;s efficiency is equivalent to &#8220;4,500 developer-years of work.&#8221;
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41087287/elon-musk-responds-after-y-combinators-paul-graham-says-twitter-name-change-was-a-waste-of-time-you?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Responds After Y Combinator&#8217;s Paul Graham Says Twitter Name Change &#8216;Was A Waste Of Time:&#8217; &#8216;You Know Nothing&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

General

AMZN

Amazon Reportedly Urges Employees To Use In-House AI Chatbot 'Safer' Than ChatGPT

HC Wainwright &amp; Co. analyst Heiko Ihle maintains US Goldmining (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USGO#NASDAQ">USGO</a>) with a Buy and raises the price target from $23.5 to $24.

USGO

HC Wainwright & Co. Maintains Buy on US Goldmining, Raises Price Target to $24

Earnings

MLEC

Moolec Science Q4 2024 GAAP EPS $(0.07) Misses $(0.06) Estimate, Sales $1.523M Beat $1.255M Estimate

HC Wainwright &amp; Co. analyst Scott Buck reiterates Super League Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLE#NASDAQ">SLE</a>) with a Buy and maintains $3 price target.

HC Wainwright & Co. Reiterates Buy on Super League Enterprise, Maintains $3 Price Target

Target Announced The Release Of Its 2024 Bullseye's Top Toys List, Which Includes More Than 60 Toys, Nearly Half Of Which Are Exclusive To Target

RDWR

Redwire Announced That It Is Providing A Critical Onboard Computer System For The European Space Agency's Hera Mission, Europe's Inaugural Flagship Planetary Defense Mission

The ELA provides Comstock IP Holdings with the exclusive worldwide right to use the NREL technologies in the processing and conversion of seed plants to renewable fuels and renewable fuel feedstocks, including native, hybrid, and transgenic phenotypes, and derivatives thereof, excluding switchgrass, big bluestem, miscanthus, and the leaves, stalks, and husks produced during the harvesting of corn, subject to limited geographic restrictions, in exchange for royalty and other fees linked to sales of licensed products and sublicensing.

LODE

Comstock Subsidiary Inks Exclusive License And Cooperative Research And Development Agreement With DOE's National Renewable Energy Laboratory

MongoDB Announced The General Availability Of MongoDB 8.0, The Best-performing Version Of MongoDB

HC Wainwright &amp; Co. analyst Scott Buck reiterates FlexShopper (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FPAY#NASDAQ">FPAY</a>) with a Buy and maintains $2.5 price target.

FPAY

HC Wainwright & Co. Reiterates Buy on FlexShopper, Maintains $2.5 Price Target

EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) said on Tuesday that it has installed 750,000 <a href="https://www.benzinga.com/top-stories/24/08/40585808/tesla-energy-highlights-texas-record-breaking-battery-power-milestone-could-powerwall-have-its-momen">powerwalls</a> worldwide, marking an important milestone for the company&#8217;s energy storage segment.
What Happened: Tesla made the announcement on one of its several official X accounts.
The Powerwall is a powerful home battery that stores solar energy for use when the grid goes down. It is manufactured by Tesla at its gigafactory in Nevada.
Tesla released the Powerwall 3, the latest iteration of the product, in early August. The company then said that it could build a Powerwall 3 every 25 seconds, or more than 700,000 units per year.
<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">750K Powerwalls installed worldwide &#x1f680; <a href="https://t.co/Kb27NylAK4">pic.twitter.com/Kb27NylAK4</a>
&mdash; Tesla Energy (@teslaenergy) <a href="https://twitter.com/teslaenergy/status/1841130213045944322?ref_src=twsrc%5Etfw">October 1, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters:&nbsp;Tesla reported a whopping 100% year-on-year jump in revenue from its&nbsp;<a href="https://www.benzinga.com/news/24/07/39615273/tesla-more-than-doubles-energy-storage-deployment-to-mark-its-best-quarter-yet-even-as-ev-demand-con" target="_blank" rel="noreferrer noopener">energy generation and storage segment&nbsp;</a>in the second quarter, even as revenue from the automotive segment dipped. The company's second-quarter revenue from the segment totaled $3 billion after it deployed 9.4 GWh of energy storage products.
For the entirety of 2024, the company now expects the growth rate of revenue in its energy business to outpace the automotive business.
During Tesla&#8217;s annual shareholder meeting in June, Musk&nbsp;said that the company is on track to complete a &#8220;massive number of energy deployments.&#8221;
&#8220;We seem to be tracking to sort of a 200- to 300-percent year-over-year growth in energy storage deployment and stationary pack. So it's giant. And the limiting factor really is being able to build more Megapacks and build more Powerwalls,&#8221;&nbsp;<a href="https://www.benzinga.com/news/24/07/39953878/teslas-energy-and-storage-segment-doubles-revenue-in-q2-to-make-up-for-decline-in-car-sales" target="_blank" rel="noreferrer noopener">he said.</a>
The company is currently ramping up production at its Lathrop Megafactory which is capable of producing 40 GWh of energy storage products a year and also eyeing starting production at its Shanghai Megafactory in the first quarter of 2025.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41135581/tesla-discontinues-cheapest-model-3-variant-entry-level-trim-now-starts-at-42-490">Tesla Discontinues Cheapest Model 3 Variant: Entry Level Trim Now Starts At $42,490</a></li>
</ul>
Photo courtesy: Tesla

TSLA

Tesla's Energy Storage Segment Hits New Milestone: Installs 750K Powerwalls Worldwide

ENSG

The Ensign Announced The Acquisition Of The Real Estate And Operations Of St. Joseph Rehabilitation And Care Center, An 83-bed Skilled Nursing Facility; And Skyview Villa Assisted Living, A 20 Licensed-bed Assisted Living Facility

Contracts

LQDA

Liquidia And Pharmosa Biopharm Announced That They Have Amended The Current Exclusive Licensing Agreement For The Development And Commercialization Of Sustained Release Inhaled Treprostinil (l606)

RBC Capital analyst Shagun Singh initiates coverage on Tandem Diabetes Care (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNDM#NASDAQ">TNDM</a>) with a Outperform rating and announces Price Target of $65.

TNDM

RBC Capital Initiates Coverage On Tandem Diabetes Care with Outperform Rating, Announces Price Target of $65

Guggenheim analyst Vamil Divan initiates coverage on Absci (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABSI#NASDAQ">ABSI</a>) with a Buy rating and announces Price Target of $10.

ABSI

Guggenheim Initiates Coverage On Absci with Buy Rating, Announces Price Target of $10

Locafy GAAP EPS of -AUD$1.12, revenue of AUD$2.04M

LCFY

LCFYW

Press Releases

Locafy Regains Compliance with Nasdaq Stockholders' Equity Requirement

Locafy Signs Series of Commercial Agreements with Localista

Locafy Announces Partnership Agreement with diDNA to Enhance Digital Property Portfolio with Leading Advertising Technology

Locafy Launches Hotfrog Proximity Page Application Built in Collaboration with Yext

Locafy Reports Fiscal First Half 2024 Results

Locafy Announces New Value-Based SEO Pricing Model

Locafy Reports Fiscal Third Quarter 2024 Results

Locafy to Participate in the "Charting the Course: Navigating the Intersection of TMT and Business in the AI Era" Conference Presented by Maxim Group LLC on Tuesday, June 4th at 4:30 p.m. ET

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