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ChatGPT-parent OpenAI reportedly plans to launch a new <a href="https://www.benzinga.com/topic/artificial-intelligence">AI agent</a>, codenamed "Operator," in January.
What Happened: This new artificial intelligence agent will be capable of executing tasks, such as writing codes and booking travel, on behalf of users, <a href="https://www.bloomberg.com/news/articles/2024-11-13/openai-nears-launch-of-ai-agents-to-automate-tasks-for-users?srnd=phx-technology">reported</a> Bloomberg, citing two people familiar with the matter.
The announcement was reportedly made on Wednesday during a staff meeting.
OpenAI CEO Sam Altman previously hinted at this shift toward agents in a Reddit AMA session. At the time, he suggested that the "next giant breakthrough will be agents."
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Why It Matters: This move aligns with the broader industry trend toward AI agents.
Other tech giants, including Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), have launched or are <a href="https://www.benzinga.com/top-stories/24/10/41428765/microsoft-salesforce-battle-heats-up-as-ai-agent-technology-takes-center-stage">preparing to launch</a> similar AI agent tools.
In April, Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg also spoke about the transition from chatbots to AI agents, capable of handling more complex tasks and goals.
Previously, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang also predicted that the corporate world would soon see "AI employees" <a href="https://www.benzinga.com/tech/24/11/41869577/nvidias-huang-sees-ai-employees-on-the-horizon">as a standard part of the workforce</a>.
Microsoft co-founder Bill Gates has also spoken about the <a href="https://www.benzinga.com/news/24/11/41736493/microsoft-co-founder-bill-gates-says-everyone-in-future-will-have-a-utilitarian-ai-agent-that-will-h">transformative role of AI</a> agents in workplace efficiency, particularly in white-collar sectors.
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>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/11/41927135/greg-brockman-returns-to-work-at-chatgpts-parent-company-back-to-building-openai">Greg Brockman Returns To Work At ChatGPT&#8217;s Parent Company: &#8216;Back To Building OpenAI&#8217;</a></li>
</ul>
Photo courtesy: Unsplash

News

Tech

Media

GOOG

GOOGL

MSFT

NVDA

OpenAI's 'Operator' AI Agent Will Perform Tasks Like Coding, Travel Booking And More, Launch Expected In January Next Year: Report

President-elect Donald Trump has picked Rep. Matt Gaetz (R-Fla.) as the <a href="https://www.benzinga.com/news/legal/24/11/41956594/matt-gaetz-is-trumps-attorney-general-pick-would-be-top-cop-is-under-house-ethics-investigation">nominee for attorney general</a> under the incoming administration.
A controversial figure, Gaetz has been known for pushing radical proposals in favor of cryptocurrencies, especially Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
What happened: Earlier in June, he introduced a bill that would allow federal <a href="https://www.benzinga.com/money/cryptocurrency-tax-guide">income tax payments</a> to be made in the apex cryptocurrency.
Gaetz had said that the intention behind proposing the bill was to promote innovation, increase efficiency, and offer more flexibility to American citizens.
Key provisions of the proposed law included the rapid conversion of received Bitcoin to its dollar equivalent at the end of the transaction, ensuring stability and practicality in its adoption.
Gaetz has also spoken highly of <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41847581/el-salvadors-bitcoin-bet-is-paying-off-heres-how-much-the-country-is-up">pro-Bitcoin</a> El Salvador President Nayib Bukele's policies, linking the country's quest for financial freedom with the leading digital asset.
<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">Financial Freedom &#8211; Bitcoin Freedom from Gangs &#8211; State of Exception Information Freedom &#8211; <a href="https://twitter.com/nayibbukele?ref_src=twsrc%5Etfw">@nayibbukele</a> <a href="https://t.co/L1tKaXI3DS">https://t.co/L1tKaXI3DS</a>
&mdash; Matt Gaetz (@mattgaetz) <a href="https://twitter.com/mattgaetz/status/1832088284622975265?ref_src=twsrc%5Etfw">September 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The GOP nominee even cosponsored a bill <a href="https://www.benzinga.com/news/24/05/38887597/marjorie-taylor-greene-ally-thomas-massie-introduces-end-the-fed-bill-to-abolish-the-us-central-bank">aimed at abolishing the Federal Reserve</a>, a classic libertarian, cypherpunk viewpoint shared by cryptocurrency maximalists.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41873427/shiba-inu-lead-developer-shytoshi-kusama-pitches-s-h-i-b-in-response-to-elon-musks-call-for-new-roles-recommendations-in-trump-administration">Shiba Inu Lead Developer Shytoshi Kusama Pitches S.H.I.B In Response To Elon Musk&#8217;s Call For New Roles Recommendations In Trump Administration</a>
Why It Matters: The nomination of Gaetz comes as the congressman is <a href="https://www.benzinga.com/news/legal/24/11/41956594/matt-gaetz-is-trumps-attorney-general-pick-would-be-top-cop-is-under-house-ethics-investigation">under investigation</a> by the House Ethics Committee for sexual misconduct.
Allegations against the Trump loyalist include sexual misconduct, illicit drug use, accepting improper gifts, and more. Gaetz has denied the allegations.
If confirmed for the position, Gaetz will take over from current Attorney General Merrick Garland.
Price Action: At the time of writing, Bitcoin was exchanging hands at $91,405.88, up 4.55% 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>.&nbsp;
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/11/41928272/cathie-woods-ark-invest-foresees-crypto-industry-boost-under-incoming-trump-administration">Cathie Wood-Led Ark Sees Boost For Bitcoin, Crypto Under Trump Administration, Says IPO Window For Circle, Kraken Could Reopen</a></li>
</ul>
Photo courtesy: Wikimedia Commons By Gage Skidmore

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

Cryptocurrency

Politics

Markets

$BTC

Trump's Attorney General Pick Matt Gaetz Once Proposed Collecting Federal Income Taxes In Bitcoin, Apart From Co-sponsoring Bill To Abolish The Fed

Piper Sandler analyst Clarke Jeffries reiterates Riskified (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSKD#NYSE">RSKD</a>) with a Overweight and maintains $7 price target.

Price Target

Reiteration

Analyst Ratings

RSKD

Piper Sandler Reiterates Overweight on Riskified, Maintains $7 Price Target

Piper Sandler analyst Arvind Ramnani maintains Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) with a Underweight and lowers the price target from $2 to $1.5.

CHGG

Piper Sandler Maintains Underweight on Chegg, Lowers Price Target to $1.5

Data Storage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTST#NASDAQ">DTST</a>) reported quarterly earnings of $0.02 per share which missed the analyst consensus estimate of $0.05 by 60 percent. The company reported quarterly sales of $5.809 million which missed the analyst consensus estimate of $6.500 million by 10.63 percent. This is a 2.98 percent decrease over sales of $5.987 million the same period last year.

Earnings

Earnings Misses

DTST

Data Storage Q3 2024 GAAP EPS $0.02 Misses $0.05 Estimate, Sales $5.809M Miss $6.500M Estimate

Several prominent French media organizations, including those owned by billionaire Bernard Arnault, have filed a lawsuit against Elon Musk&#8217;s social media platform X for allegedly using their content without compensation.
What Happened: The media groups, which include Arnault&#8217;s Les Echos and Le Parisien, have taken legal action against the social media platform, formerly known as Twitter, for violating &#8220;neighboring rights,&#8221; a European directive adopted into French law, <a href="https://www.theguardian.com/world/2024/nov/12/french-news-titles-sue-x-over-allegedly-running-their-content-without-payment">reported</a> The Guardian.
Under this law, social media platforms are required to pay media organizations when they republish news content. The media companies had previously sought an emergency injunction against the platform, which they claim has not been negotiated.
The Paris Tribunal, in agreement with the media companies, had given the platform two months to provide commercial data that would allow the outlets to assess the income the platform earns from their content. The platform has allegedly not complied with this decision, prompting the latest lawsuit.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41890024/much-wow-dogecoin-is-now-larger-than-ford-adidas-lululemon-roblox-15-companies-worth-less-than-meme-crypto?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Much Wow! Dogecoin Is Now Larger Than Ford, Adidas, Lululemon, Roblox: 15 Companies Worth Less Than Meme Crypto</a>
Why It Matters: This legal dispute is the latest in a series of challenges faced by tech giants in Europe. France, in particular, has been at the forefront of the battle to protect the publishing rights and revenue of its press and news agencies against the dominance of powerful tech companies.
The EU has introduced neighboring rights, a form of copyright that allows <a href="https://www.benzinga.com/government/23/05/32461673/eu-pulls-out-the-big-guns-record-privacy-fine-on-the-horizon-for-meta">news media to demand compensation</a> for the use of their content. France was the first EU country to enact this directive in 2019, and after initial resistance, Google and Facebook agreed to pay some French media for articles shown in web searches.
Despite this, Musk&#8217;s social media platform has contested its obligation to adhere to the neighboring rights directive, arguing that it is <a href="https://www.benzinga.com/markets/equities/24/06/39256166/meta-to-use-european-social-media-data-for-ai-training-report">not subject to the same rules</a> as Google or Facebook as it relies on user-generated content. 
Arnault, the CEO of luxury goods conglomerate LVMH, and Musk have had several interactions in the past. In 2023, the two billionaires <a href="https://www.benzinga.com/news/23/06/32905288/elon-musk-and-bernard-arnault-meet-for-power-lunch-in-paris-what-the-worlds-two-richest-men-discusse">met for a power lunch in Paris</a>, and in 2024, Arnault <a href="https://www.benzinga.com/news/24/07/39997764/elon-musk-bernard-arnault-once-discussed-potential-spacex-louis-vuitton-collab-im-afraid-he-will-ask">discussed the potential</a> of a Louis Vuitton-branded rocket with SpaceX.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Appoints Elon Musk And Vivek Ramaswamy To Lead &#8216;DOGE,&#8217; Aiming to Slash Bureaucracy And $6.5 Trillion Federal Spending: &#8216;We Will Not Go Gently&#8217;</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>

Social Media

Global

Elon Musk, Bernard Arnault Once Discussed Potential SpaceX-Louis Vuitton Collab. The French Billionaire's Media Group Has Now Sued X Over Alleged Unpaid Content Use

MUFG

Mitsubishi UFJ Financial Group H1 2024 NII ¥1.508T Up 22.7% YoY; EPS ¥107.57 Up From ¥76.89 YoY

JD.com Q3 Adj EPS $1.24 Beats $1.09 Estimate, Sales $37.10B Beat $36.54B Estimate

For 2024, B2Gold approved a $28 million exploration budget to complete approximately 25,000 meters ("m") of drilling on the Back River Gold District, including confirmation drilling at the Umwelt deposit, as well as exploration drilling at several Goose Project regional targets that were developed based on structural modelling and geophysical re-processing.
As of November 7, 2024, B2Gold had completed 25,126 m of drilling over 68 drill holes at the Goose Project, including 14,480 m over 40 drill holes at the Umwelt deposit, 3,899 m over 14 drill holes at the Llama deposit area, 6,610 m over 13 exploration target drill holes, and 137 m over one metallurgical hole at the Goose Main deposit.

Reported Earlier, B2Gold's 2024 Drilling At Goose Project Unveils High-Grade Gold, Extending Mine Life Potential

Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) has decided to terminate its secret project aimed at developing an at-home fertility tracker. The project, known internally as &#8220;Encore,&#8221; was part of Amazon&#8217;s Grand Challenge division.
What Happened: The decision to disband the team working on the fertility tracker was communicated in October, CNBC <a href="https://www.cnbc.com/2024/11/13/amazon-shuts-down-secret-project-to-develop-fertility-tracker.html">reported</a> on Thursday. Employees involved in the project will remain on the payroll until Dec. 27, after which they will receive severance if they haven&#8217;t secured new positions within the company.
The project originated from Amazon&#8217;s acquisition of bluDiagnostics in 2020, a startup known for its saliva-based fertility tracking device. Despite plans to launch the product this year, technical challenges and high costs led to delays, according to CNBC.
See Also: <a href="https://www.benzinga.com/media/24/11/41873261/apples-ios-18-1-update-adds-inactivity-reboot-to-lock-down-unused-iphones-heres-how-it-protects-your-privacy?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple&#8217;s iOS 18.1 Update Adds &#8216;Inactivity Reboot&#8217; To Lock Down Unused iPhones — Here&#8217;s How It Protects You</a>
Amazon CEO Andy Jassy has been implementing cost-cutting strategies since late 2022, resulting in over 27,000 job cuts and the termination of several projects. This marks a shift from the experimental approach of former CEO Jeff Bezos, who initiated the Grand Challenge in 2014 to explore innovative ideas.
Amazon spokesperson Margaret Callahan confirmed the layoffs and project discontinuation, emphasizing the company&#8217;s focus on impactful areas for customers.
Why It Matters: The discontinuation of the fertility tracker project is part of a broader trend at Amazon, where several experimental initiatives have been shelved. In October 2022, Amazon announced the closure of other experimental features, including <a href="https://www.benzinga.com/news/22/10/29248660/amazon-to-pull-down-another-experimental-feature-after-amazon-glow-amazon-scout-amazon-care">Amazon Glow, Amazon Scout, and Amazon Care</a>.
This <a href="https://www.benzinga.com/general/24/01/36577839/jeff-bezos-says-amazon-has-had-plenty-of-practice-with-failure-but-believes-it-is-the-best-place-in">shift in strategy aligns</a> with Jassy&#8217;s focus on cost efficiency, contrasting with Bezos&#8217;s approach that embraced innovation and learning from failure. Bezos has previously stated that Amazon&#8217;s culture is a &#8220;blueprint for business success,&#8221; emphasizing the importance of customer obsession, innovation, and the willingness to fail. These principles have been central to Amazon&#8217;s rapid growth, including the success of Amazon Web Services (AWS).
Read Next: 
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<li><a href="https://www.benzinga.com/tech/24/11/41891237/apples-smart-camera-coming-in-2026-cupertino-eyeing-tens-of-millions-in-annual-shipments-says-top-supply-chain-analyst?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple&#8217;s Smart Camera Coming In 2026, Cupertino Eyeing &#8216;Tens of Millions&#8217; In Annual Shipments, Says Top Supply Chain Analyst</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

Biotech

General

AMZN

Amazon's Secret Fertility Tracker Project Launched Under Jeff Bezos Reportedly Halted Amid CEO Andy Jassy's Cost-Cutting Drive

NTES

NetEase Q3 Adj EPS $1.67 Misses $1.84 Estimate, Sales $3.73B Miss $3.98B Estimate

AFMD

AGAE

AIRI

AKYA

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AREC

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ASTS

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BIOR

Bakkt Holdings, Inc. Class A Common Stock

BKKT

BKTI

BKYI

BLUE

BNAI

BNZI

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BTAI

CASI

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CINT

Chemomab Therapeutics Ltd. - American Depositary Shares

CMMB

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IVVD

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MITQ

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OCFT

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ONEW

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PDSB

PHGE

POCI

POST

Earnings Scheduled For November 14, 2024

<ul>
<li>- First-ever FDA approval for gene therapy directly administered to the brain -</li>
<li>- Priority review voucher granted -</li>
<li>- Broad label including children and adults -</li>
<li>- PTC pioneers new approach for CNS drug delivery -</li>
</ul>

PTCT

Reported Earlier, PTC Therapeutics Secures FDA Approval For Brain-Administered Gene Therapy For AADC Deficiency

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is not prioritizing the &#8220;affluent&#8221; owners of the higher-end variant of the <a href="https://www.benzinga.com/topic/tesla-cybertruck">Cybertruck</a> over others for installation of the off-road light bar, company engineer Wes Morrill said on Tuesday following allegations otherwise.
What Happened: An X user on Tuesday noted that he has not received the lightbar while popular individuals like car enthusiast and YouTuber Kyle Conner have.
&#8220;Seems like Tesla is prioritizing affluent community members' installs over the general public's. This is rather upsetting, our money is just as green as theirs…,&#8221; the individual wrote to Tesla executives Wes Morrill and Lars Moravy.
Morrill, however, said that the company is ramping up production of the light bar which is reaching customers in the order of production of their vehicles.
&#8220;They are trying to opportunistically group installs by service center for efficiency so some installs will happen out of order,&#8221; Morrill said, denying the allegations of unfair prioritization for some drivers.
&#8220;For what it&#8217;s worth Kyle has a 0001xx vin,&#8221; he added, implying that the YouTuber took delivery of the Cybertruck early.
<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">Team is ramping up light bar production and should be reaching out in roughly production order. They are trying to opportunistically group installs by service center for efficiency so some installs will happen out of order. For what it&#39;s worth Kyle has a 0001xx vin
&mdash; Wes (@wmorrill3) <a href="https://twitter.com/wmorrill3/status/1856393219325734946?ref_src=twsrc%5Etfw">November 12, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The Cybertruck Lightbar is an accessory that can be mounted on top of the truck to increase visibility when driving off-road. While all Foundation Series Cyberbeast variant owners are <a href="https://www.benzinga.com/news/24/07/39832499/tesla-executive-assures-cybertruck-light-bar-coming-soon-for-foundation-series-cyberbeast-customers">eligible to receive the lightbar</a>, customers have only begun receiving it.
Tesla started delivering the first Cybertrucks to customers in the U.S. in late November 2023. The vehicle starts at nearly $100,000 for the limited-edition Foundation series Cybertruck and at about $80,000 for the non-foundation series.
According to data from automotive research company Kelley Blue Book, <a href="https://www.benzinga.com/tech/24/11/41873767/cybertruck-likely-wont-be-profitable-in-q4-says-tesla-researcher">Tesla sold 16,692 Cybertrucks in the third quarter</a>, making it the third best-selling electric vehicle in the U.S. behind Tesla&#8217;s Model Y SUV and Model 3 sedan. 
Check out more of Benzinga&#8217;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 Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/11/41931864/alphabets-waymo-opens-robotaxi-rides-for-all-in-los-angeles-after-san-francisco-says-more-cities-on-the-way">Alphabet&#8217;s Waymo Opens Robotaxi Rides For All In Los Angeles After San Francisco, Says &#8216;More Cities On The Way&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

TSLA

Tesla Engineer Denies Prioritizing 'Affluent' Cybertruck Owners For Lightbar Installation

Apple Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) Taiwan-based supplier Foxconn (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HNHPF#OTC">HNHPF</a>) reported its third-quarter results on Thursday. The company, also known as Hon Hai Precision Industry, said its profit margins improved across the board.
According to the company&#8217;s press release, its gross profit margin hit a quarterly record high not seen since 2017. Net profit attributable to owners of the parent company in the third quarter grew by 31% sequentially and 11% annually to NT$43.1 billion or $1.3 billion.
Gross profit margin and operating profit margin also displayed improvement on a sequential and annual basis. With an earnings per share at NT$3.11 or $0.095, the company reported revenue of NT$1.5432 or $47.3 billion indicating a quarterly increase of 18% but a 12% decrease year-on-year.
Also read: <a href="https://www.benzinga.com/tech/24/11/41963064/cathie-woods-ark-invest-says-energy-bottlenecks-cant-stop-ai-growth-companies-could-go-partially-off-grid">Cathie Wood&#8217;s Ark Invest Says Energy Bottlenecks Can&#8217;t Stop AI Growth: Companies Could Go Partially Off-Grid</a>
What Happened: Chairman and Chief Executive Officer, Young Liu said that the six operational pillars outlined at the beginning of this year, ranging from information and communications technology, and new business development to global footprint and ESG practice were implemented according to plan, despite a few challenges.
Liu also highlighted the important influencing factors to observe next year, which include, are monetary policy, inflation and the political and economic situation. &#8220;In addition, with global economic growth expected to slow down next year, the group will hold a relatively neutral view on the outlook for ICT in 2024. Hon Hai will do its best to maintain operational stability, meet customer needs, and leverage the company&#8217;s strengths,&#8221; he added.
Also read: <a href="https://www.benzinga.com/tech/24/11/41891237/apples-smart-camera-coming-in-2026-cupertino-eyeing-tens-of-millions-in-annual-shipments-says-top-supply-chain-analyst?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple's Smart Camera Coming In 2026, Cupertino Eyeing ‘Tens of Millions' In Annual Shipments, Says Top Supply Chain Analyst</a>
Why It Matters: &#8220;Hon Hai is transforming from a manufacturing service company into a platform solution company,&#8221; added Liu. The company&#8217;s proposed focus areas for the future include developing platforms for smart cities, smart manufacturing and smart electric vehicles.
With the ongoing artificial intelligence boom, the company said that it will focus on developing its three major platforms powered by AI factories. The AI factories will analyze a large amount of data and generate various new application content or solutions through self-learning.
On the electric vehicle front, the company in its press release said that it has a total of 51 projects in progress, of which 23 are in the discussion and development stage involving 14 potential customers.
<ul>
<li>Read next: <a href="https://www.benzinga.com/tech/24/11/41932289/ai-capabilities-plateauing-say-andreessen-horowitz-founders-echoing-concerns-of-openai-co-founder-ilya-sutskever?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">AI Capabilities Plateauing, Say Andreessen Horowitz Founders, Echoing Concerns Of OpenAI Co-Founder Ilya Sutskever</a></li>
</ul>
Image via Shutterstock

Earnings Beats

Equities

Press Releases

AAPL

HNHPF

Apple's Key Supplier Foxconn's Gross Profit Hit 7 Year High In Q3, Aims To Expand AI Capabilities By Next Year

Jim Cramer, the host of CNBC&#8217;s &#8220;Mad Money,&#8221; recently reviewed ten stocks that have seen significant growth in 2024, suggesting that they are smart investments, although they are also highly speculative.
What Happened: Cramer, on Wednesday, highlighted ten stocks, each valued at over $1 billion, that have experienced substantial growth this year, <a href="https://www.cnbc.com/2024/11/13/jim-cramer-reviews-ten-stocks-that-are-up-more-than-200percent-this-year.html?ref=biztoc.com">reported</a> CNBC. 
He cautioned that he is not currently recommending these stocks due to their high valuation, but he emphasized the importance of including speculative companies in investment portfolios for long-term performance.
&#8220;Let&#8217;s remember this list of frothy stocks and think of them the next time you&#8217;re about to ignore a stock for being too speculative,&#8221; he said. &#8220;Because these names are often the epitome of speculating wisely, which can be the key for terrific long-term performance — of course, only when melded with index funds.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41931993/dogecoin-tumbles-despite-elon-musk-vivek-ramaswamys-doge-appointment-this-is-what-indicators-tell-about-its-next-moves?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Tumbles Despite Elon Musk, Vivek Ramaswamy&#8217;s &#8216;DOGE&#8217; Appointment: This Is What Indicators Tell About Its Next Moves</a> 
Here are ten stocks up more than 200% year-to-date: 
<ol>
<li>Rocket Lab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>): Cramer sees huge growth potential in its satellite business.</li>
<li>Cava Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>): Cramer believes it could reach Chipotle-like heights, with a familiar and accessible brand.</li>
<li>Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>): Cramer calls it a &#8220;cult stock&#8221; thanks to lucrative Pentagon deals.</li>
<li>Powell Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>): Cramer says it's a key supplier for critical data center infrastructure.</li>
<li>Vistra Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>): Cramer notes its strong growth is driven by data center energy demand and renewable energy investments.</li>
<li>Carvana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>): Cramer believes its debt reduction has made it more attractive despite past struggles.</li>
<li>AST SpaceMobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>): Cramer sees space technology potential, even though it's currently losing money.</li>
<li>MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>): Cramer praises its Bitcoin holdings as a major growth driver.</li>
<li>AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>): Cramer highlights its AI-driven app marketing success.</li>
<li>NuScale Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>): Cramer sees strong investor interest, especially if it secures deals with hyperscalers.</li>
</ol>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/41927985/bitcoin-ethereum-consolidate-dogecoin-surges-as-election-rally-takes-a-breather-analyst-says-pullback-typical-for-healthy-market?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum Consolidate, Dogecoin Surges As Election Rally Takes A Breather: Analyst Says Pullback &#8216;Typical&#8217; For Healthy Market</a></li>
</ul>
Image Via Pexels 
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>

CAVA

CVNA

MSTR

PLTR

POWL

RKLB

Jim Cramer Says These 10 'Frothy' Stocks Are Up Over 200% YTD, Including Rocket Lab, Palantir, And Carvana: Here's What He Suggests Investors Can Do For 'Terrific' Long-Term Returns

Mark Zuckerberg&#8217;s Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is reportedly planning to introduce ads on its Threads platform in early 2025 as Elon Musk&#8217;s X is <a href="https://www.benzinga.com/news/24/09/40762349/x-faces-major-advertiser-exodus-amid-string-of-elon-musk-controversies">losing favor with major brands</a>.
What Happened: Meta is set to allow a limited number of advertisers to create and publish ads on Threads starting January 2024, <a href="https://www.theinformation.com/articles/meta-to-launch-ads-on-threads-in-early-2025">reported</a> The Information, citing people familiar with the matter.
While the exact format of advertisements on Threads is yet to be revealed, they could potentially appear as &#8220;sponsored&#8221; posts. Meta aims to capitalize on the app's swift expansion, according to the report. Data compiled <a href="https://www.statista.com/statistics/1451377/threads-global-quarterly-mau/">by</a> Statista shows that Threads&#8217; monthly active users stood at 175 million at the end of the June 2024 quarter, up from 150 million in the quarter before.
This move aligns with previous reports about the company&#8217;s plans to monetize the platform. Instagram head Adam Mosseri confirmed earlier that the company is &#8220;definitely&#8221;&nbsp;planning to bring ads to&nbsp;Threads.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/24/11/41895759/amazon-set-to-introduce-new-ai-chips-in-december-to-rival-jensen-huangs-ai-stalwart-we-want-to-be-absolutely-the-best-place-to-run-nvidia?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amazon Set To Introduce New AI Chips In December To Rival Jensen Huang&#8217;s AI Stalwart: &#8216;We Want To Be Absolutely The Best Place To Run Nvidia&#8217;</a>
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14023240/Screenshot-2024-11-14-at-1.02.35%E2%80%AFPM-1024x268.png" alt="" class="wp-image-647190" /><figcaption class="wp-element-caption">Source: Threads</figcaption></figure>
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: Musk&#8217;s social media platform and Threads&#8217; rival X has been <a href="https://www.benzinga.com/news/24/10/41229905/mark-cuban-says-elon-musk-advertisers-dont-want-to-be-associated-with-explicit-content-on-x-in-the-n">facing a backlash from advertisers</a> due to concerns over explicit content and free speech issues.
In September, a report by analytics group Kantar revealed a significant <a href="https://www.benzinga.com/news/24/09/40762349/x-faces-major-advertiser-exodus-amid-string-of-elon-musk-controversies">decrease in marketers&#8217; trust in X</a> as an advertising platform since its acquisition by Musk, with a predicted 26% decline in ad spending on X for 2025.
However, earlier this week, it was <a href="https://www.ft.com/content/34b6fc20-23f7-4e08-9ac4-ef05d5d66c13">reported</a> by the Financial Times that some advertisers are considering a return to X to curry&nbsp;favor with Musk and&nbsp;President-Elect Donald Trump.
Meanwhile, last month <a href="https://www.benzinga.com/news/earnings/24/10/41637326/meta-platforms-q3-earnings-revenue-beat-eps-beat-daily-actives-up-5-strong-momentum-in-ai">Meta reported its third-quarter earnings</a>, which showed a revenue beat and a 5% increase in daily activities. 
During the earnings, the tech giant revealed that it generated&nbsp;$39.8 billion in advertising revenue&nbsp;over the past three months, accounting for 97% of its total revenue.
However, Meta CFO Susan Li stated that the company does not anticipate Threads to be a significant revenue driver in 2025.
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>.
Read Next:
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<li><a href="https://www.benzinga.com/media/24/11/41873261/apples-ios-18-1-update-adds-inactivity-reboot-to-lock-down-unused-iphones-heres-how-it-protects-your-privacy?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple&#8217;s iOS 18.1 Update Adds &#8216;Inactivity Reboot&#8217; To Lock Down Unused iPhones — Here&#8217;s How It Protects Your Privacy</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.
Photo courtesy: Shutterstock

Mark Zuckerberg's Meta Eyes 2025 To Introduce Ads On Threads As Elon Musk's X Loses Favor With Major Brands: Report

Rhythm enrolled 12 patients in its open-label 52-week Phase 3 VENTURE trial designed to evaluate setmelanotide in patients aged 2 to younger than 6 years with BBS or POMC, PCSK1 or LEPR deficiency. Clinically meaningful improvements were observed in both co-primary endpoints at week 52. Results of the trial demonstrated:
<ul>
<li>10 of 12 patients (83%)1 achieved ≥0.2-point reduction in body mass index (BMI) Z-score;</li>
<li>-18% in mean percent change in BMI from baseline;</li>
<li>91% of caregivers reported patients had reduced hunger compared with baseline, and the caregivers also reported feelings of reduced personal burden; and</li>
<li>No new safety signals were observed.</li>
</ul>
Consistent with prior experience, setmelanotide was observed to have been generally well tolerated.&nbsp;No serious adverse events (AEs) leading to study discontinuation or death were reported. The most common treatment-emergent AEs were skin hyperpigmentation (75%), vomiting (58%), nasopharyngitis (42%), upper respiratory tract infection (33%), and injection site bruising (33%).

RYTM

Reported Earlier, Rhythm Pharmaceuticals Publishes Phase 3 Results For Setmelanotide In Patients Between 2 And 5 Years Old

For October 2024, Copa Holdings' capacity (ASMs) increased by 6.6%, while system-wide passenger traffic (RPMs) increased by 6.5%, compared to 2023. As a result, the system load factor for the month was 87.4%, 0.1 percentage points lower than in October 2023.

Reported Earlier, Copa Holdings Reported October 2024 Load Factor Of 87.4%, Down 0.1% YoY; Traffic Up 6.5%

374Water (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCWO#NASDAQ">SCWO</a>) reported quarterly losses of $(0.02) per share. This is a 100 percent decrease over losses of $(0.01) per share from the same period last year. The company reported $81.490 thousand in sales this quarter. This is a 563.06 percent increase over sales of $12.290 thousand the same period last year.

SCWO

374Water Q3 2024 GAAP EPS $(0.02) Down From $(0.01) YoY, Sales $81.490K Up From $12.290K YoY

Red Metal Resources Announces Trading on Frankfurt Stock Exchange

CSE:RMES

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