CDT Environmental (NASDAQ:CDTG) Stock, Quote.Headers.trade-ideas

CDT Environmental

CDT Environmental Technology Investment Holdings Ltd is a waste treatment company. The company generates revenue through the design, development, manufacture, sales, installation, operation and maintenance of sewage treatment systems and by providing sewage treatment services. It engages in two business lines namely, rural sewage treatment and septic tank treatment in both urban and rural areas.

CDT Environmental Technology Investment Holdings Limited - ordinary shares

CDT Environmental Technology Investment Holdings Ltd

President-elect Donald Trump&#8217;s threat to impose 100% tariffs on BRICS nations if they create an alternative to the U.S. dollar has drawn mixed reactions from leading economists, highlighting tensions over <a href="https://www.benzinga.com/news/global/24/12/42257504/trump-threatens-brics-nations-with-100-tariffs">global trade and currency dominance</a>.
What Happened: Milken Institute Chief Economist William Lee suggests Trump&#8217;s approach reflects his preference for direct bilateral negotiations over multilateral agreements. 
&#8220;Trump has shown his desire for direct negotiations,&#8221; Lee said, noting the contrast with President Joe Biden&#8216;s behind-the-scenes approach to trade deals. Lee emphasized that Trump&#8217;s tariff threats serve as leverage to drive negotiations, particularly with major trading partners.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/MilkenInstitute?ref_src=twsrc%5Etfw">@MilkenInstitute</a> Chief Economist <a href="https://twitter.com/wleeimf?ref_src=twsrc%5Etfw">@wleeimf</a> discusses why President Trump has used the threat of tariffs against its North American allies, China, and the BRICS countries. They are a reminder that making a deal with the US is better than no deal.<a href="https://t.co/AvoA762MmJ">https://t.co/AvoA762MmJ</a>
&mdash; William Lee (@wleeimf) <a href="https://twitter.com/wleeimf/status/1863390570628157701?ref_src=twsrc%5Etfw">December 2, 2024</a></blockquote>
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However, British economist Dr. Rodney Shakespeare warns that such aggressive tactics could backfire. &#8220;Trump thinks he can target BRICS countries individually, but doing this will cause BRICS to act collectively,&#8221; Shakespeare told Sputnik, suggesting that America&#8217;s declining economic hegemony could leave it vulnerable in a potential trade war.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">HITTING BRICS WITH 100% TARIFFS WOULD TRIGGER TRADE WAR US ‘WILL LOSE': ECONOMIST Dr. Rodney Shakespeare, renowned British economist, visiting professor at Trisakti University and co-founder of the Global Justice Movement, commenting on Donald Trump's threat to slap BRICS with… <a href="https://t.co/gh48eTRfUS">pic.twitter.com/gh48eTRfUS</a>
&mdash; Sputnik (@SputnikInt) <a href="https://twitter.com/SputnikInt/status/1863267333239697748?ref_src=twsrc%5Etfw">December 1, 2024</a></blockquote>
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Economist Peter Schiff offered a different perspective on X, arguing that BRICS nations are making a poor trade by exchanging goods for U.S. fiat currency, contradicting Trump&#8217;s assertion that America is being taken advantage of in current trade relationships.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Pres.-elect <a href="https://twitter.com/hashtag/Trump?src=hash&amp;ref_src=twsrc%5Etfw">#Trump</a> claims that the U.S. is a sucker for allowing BRICS nations to supply Americans with low-cost, high-quality consumer goods in exchange for paper dollars. But it&#39;s the BRICS nations that are the real suckers, as they trade their real goods for our fiat currency.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1862976880430784847?ref_src=twsrc%5Etfw">November 30, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/equities/24/12/42259188/tech-stocks-set-for-strong-santa-rally-as-wall-street-looks-for-an-end-to-regulatory-spider-web-in-the-trump-era-says-dan-ives">Tech Stocks Set For Strong Santa Rally As Wall Street Looks For An End To &#8216;Regulatory Spider Web&#8217; In The Trump Era, Says Dan Ives</a>
Why It Matters: The debate comes as BRICS, which now includes nine member nations, reportedly attracts interest from 34 additional countries. Russian President Vladimir Putin recently emphasized the bloc&#8217;s expanding influence and its plans to develop an alternative currency system, potentially <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40900255/brics-grows-fast-with-34-countries-looking-to-join-as-putin-pushes-for-new-world-currency">challenging dollar supremacy</a> in international trade.
Trump&#8217;s stance, posted on X, maintains that any move by BRICS to create an alternative currency would face severe economic consequences, including restricted access to U.S. markets. This position sets up a potential confrontation with the growing economic bloc, which represents a significant portion of global GDP and trade volume.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER. We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they…
&mdash; Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1863009545858998512?ref_src=twsrc%5Etfw">November 30, 2024</a></blockquote>
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Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42258387/biden-grants-full-and-unconditional-pardon-to-hunter-i-hope-americans-will-understand">Biden Grants &#8216;Full and Unconditional&#8217; Pardon To Hunter: &#8216;I Hope Americans Will Understand&#8217;</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

News

Global

Economics

Economist Warns Trump That BRICS Will 'Act Collectively' And Spark A Trade War With US Over 100% Tariff Threats

New integration simplifies the use of NetApp block storage with AWS Outposts

NTAP

Reported Earlier, NetApp Partners With AWS Outposts To Streamline Block Storage For On-Premises And Edge Deployments

ITRI

Reported Earlier, Itron Deploys Advanced LV DERMS with Jemena, Addressing Grid Instability From Rooftop Solar In Australia

FFIE

Reported Earlier, Faraday Future Eyes Local Suppliers In Ras Al-Khaimah For 80% Of UAE Factory Needs

Argo, a global leader in cryptocurrency mining, is pleased to announce that it has raised gross proceeds of £4.2 million through a subscription for its ordinary shares ("Ordinary Shares") by an institution ("Subscription"), the Company will issue 76,900,000 Ordinary Shares ("SubscriptionShares") at a purchase price of 5.5 pence per Ordinary Share.
The net proceeds from the Subscription will support Argo's strategic plans and working capital needs

ARBK

Argo Blockchain Announces £4.2M Institutional Subscription To Strengthen Financial Position Amid Strategic Growth

<ul>
<li>GE HealthCare to acquire 50% stake from Sumitomo Chemical to assume full ownership of NMP, subject to regulatory approvals</li>
<li>As part of GE HealthCare, NMP, already a leading radiopharmaceutical company in Japan, will enhance patient access to next-generation radiopharmaceuticals that enable detection and diagnosis of disease</li>
<li>Acquisition positions NMP to become partner of choice for global innovators looking to bring novel radiopharmaceuticals to Japan and other Asian markets</li>
<li>Transaction bolsters GE HealthCare's Pharmaceutical Diagnostics segment and demonstrates its commitment to shaping the future of Molecular Imaging</li>
</ul>

GEHC

Reported Earlier, GE HealthCare Acquires Remaining 50% Stake In Nihon Medi-Physics (NMP) From Sumitomo Chemical

ZEEKR delivered 27,011 vehicles in November 2024, a 106% year-over-year increase. Year-to-date, ZEEKR has delivered 194,933 vehicles in 2024, representing 85% growth over the same period last year. As of the end of November 2024, ZEEKR's cumulative deliveries reached 391,566.

Reported Sunday, ZEEKR Delivered 27,011 Vehicles In November, Up 106% YoY

Li Auto Inc. delivered 48,740 vehicles in November 2024, up 18.8% year over year. As of November 30, 2024, Li Auto had delivered a total of&nbsp;441,995 vehicles in 2024, with cumulative deliveries reaching 1,075,359.

Reported Sunday, Li Auto Delivered 48,740 Vehicles In November 2024, Up 18.8% YoY

Chinese EV giant BYD Co Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) said on Sunday that the company sold 506,804 new energy passenger vehicles in November, marking a jump of nearly 68% from last year, thanks to a major jump in plug-in hybrid passenger vehicle sales.
What Happened:&nbsp;Pure passenger EV (battery electric vehicle) sales of the Chinese player rose to 198,065 in November, marking a rise of 16.4% from the corresponding month of last year.
Plug-in hybrid passenger vehicle sales in the period rose 133% to 305,938 units.
The company also sold 2,801 commercial vehicles in November, including 449 buses.
Why It Matters: BYD is the biggest rival to American EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). The company <a href="https://www.benzinga.com/news/24/01/36839203/warren-buffett-backed-byd-sees-higher-profits-for-fy23-after-taking-over-tesla-as-biggest-ev-seller" target="_blank" rel="noreferrer noopener">took over Tesla</a> as the world&#8217;s largest BEV seller in the fourth quarter of 2023. However, Tesla took back the crown in the first quarter of 2024 and has been holding on to it since.
For the third quarter between July and September, BYD&#8217;s operating revenue rose 24% to&nbsp;<a href="https://www.benzinga.com/news/24/10/41647639/teslas-chinese-rival-byd-outshines-elon-musks-ev-giant-in-quarterly-revenue-for-first-time-since-202" target="_blank" rel="noreferrer noopener">201.12 billion yuan ($28.25 billion)</a>, the company said in a filing.
Tesla, meanwhile,&nbsp;<a href="https://www.benzinga.com/news/earnings/24/10/41501607/tesla-q3-earnings-highlights-eps-beat-revenue-miss-shares-climb-on-2025-timeline-for-lower-cost-evs" target="_blank" rel="noreferrer noopener">reported a total revenue</a>&nbsp;of only $25.18 billion in the same quarter, making it the first time since 2022 that BYD has trumped&nbsp;Elon Musk's&nbsp;EV giant in quarterly revenue. BYD stopped making combustion engine vehicles in March 2022 to focus on electric vehicles.<a href="https://www.benzinga.com/quote/tsla" target="_blank" rel="noreferrer noopener"></a>
Despite reporting higher revenue than Tesla in the third quarter, BYD's net profit continued to trail behind<a href="https://www.benzinga.com/news/earnings/24/10/41501607/tesla-q3-earnings-highlights-eps-beat-revenue-miss-shares-climb-on-2025-timeline-for-lower-cost-evs" target="_blank" rel="noreferrer noopener">&nbsp;Tesla's net income of $2.167 billion</a>. The company reported a diluted earnings per share of 4 yuan (56 cents) for the quarter, lower than Tesla's adjusted earnings per share of 72 cents. Tesla, however, makes only battery electric vehicles, unlike BYD which also manufactures plug-in hybrids. 
BYD Executive Vice President&nbsp;He Zhiqi&nbsp;<a href="https://www.benzinga.com/news/24/11/41706373/tesla-rival-byd-hired-over-200k-employees-in-3-months-to-speed-up-ev-production">said on Weibo</a> in November that the company hired over 200,000 people from August to October&nbsp;for car and components manufacturing and increased production by nearly 200,000 vehicles.
In November alone, the company made 540,588 new energy vehicles as compared to 316,510 in the corresponding month of 2023. 
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/general/space/24/11/42183996/faa-invites-comments-on-increasing-spacexs-starship-launches-by-5x-to-25-next-year" target="_blank" rel="noreferrer noopener">FAA Invites Comments On Increasing SpaceX's Starship Launches By 5X To 25 Next Year</a></li>
</ul>
Photo courtesy: Shutterstock

Markets

Tech

BYDDF

BYDDY

TSLA

Tesla Rival BYD Marks 68% Growth In November Sales Driven By Popularity Of Plug-In Hybrid EVs

<ul>
<li>20,575 vehicles were delivered in November 2024,&nbsp;increasing by 28.9% year-over-year</li>
<li>190,832 vehicles were delivered year-to-date in 2024, increasing by 34.4% year-over-year</li>
<li>Cumulative deliveries reached 640,426 as of November 30, 2024&nbsp;&nbsp;</li>
</ul>

Reported Sunday, NIO's November 2024 Delivery Update: Delivered 20,575 Vehicles, Up 28.9% YoY

XPENG delivered 30,895 Smart EVs in November 2024, representing growth of 54% year-over-year and 29% over the prior month. Deliveries of XPENG MONA M03 exceeded 10,000 units for the third consecutive month since its launch. After 23 days of launch, deliveries of XPENG P7+ exceeded 7,000 units. For the first eleven months of 2024, XPENG delivered 153,373 Smart EVs, a 26% increase from the same period last year.
In November, XNGP‘s monthly active user penetration rate in urban driving reached 85%. On November 15, 2024, the opening day of Guangzhou Auto Show, XPENG successfully completed testing of the industry's first "door-to-door" ADAS based on a unified software suite, delivering a consistent experience across parking, highways, and urban roads.
Also, in November, XPENG officially entered the Nepal and UK markets.

XPEV

Reported Sunday, XPeng Delivered 30,895 Smart EVs In November 2024, Up 54% YoY

Payment-focused cryptocurrency XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) flipped Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) to become the fourth-largest cryptocurrency after a searing rally on Sunday.
What happened: The coin surged over 26% in the last 24 hours, reclaiming the $2 level after a gap of nearly seven years.&nbsp;&nbsp;
The coin topped $136 billion in market capitalization, knocking Solana out of fourth place among the largest cryptocurrencies in valuation.
The latest rally has catapulted XRP&#8217;s year-to-date gains to 286%, significantly outpacing 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>).
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42228464/ethereum-rally-gets-overshadowed-by-searing-gains-in-cheaper-plays-why-are-ens-and-etc-soaring-today">Ethereum Rally Gets Overshadowed By Searing Gains In Cheaper Plays: Why Are ENS And ETC Soaring Today?</a>
The rally was spurred by a Fox Business report about the New York Department of Financial Services' <a href="https://www.foxbusiness.com/markets/ripple-poised-new-york-approval-stablecoin-set-enter-regulated-us-crypto-market">imminent green light</a> to stablecoin RLUSD by Ripple Labs—the blockchain-based company using XRP for its offerings.
Ripple plans to expand beyond cross-border payments—used for remittances, Treasury management, supplier payments, and international disbursements—with the launch of the new stablecoin.
Additionally, as the countdown to SEC Chair Gary Gensler's <a href="https://www.benzinga.com/government/regulations/24/11/42120607/gary-gensler-to-step-down-as-sec-chair-on-trumps-inauguration-day">resignation</a> has begun, XRP investors have been aggressively loading their bags.&nbsp;
Ripple has been locked in a nearly <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40240559/xrp-outshines-bitcoin-ethereum-to-become-biggest-daily-gainer-after-judge-imposes-125m-pen">four-year-long legal battle</a> with the SEC over the status of XRP, and any change in the agency's top leadership was viewed with optimism.
Price Action: At the time of writing, XRP was trading at $2.40, up 26.66% 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>. Shares of MicroStrategy were up 2.15% in after-hours trading.
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/11/42228264/crypto-analyst-flags-convertible-debt-induced-liquidation-risk-to-michael-saylors-microstrategy">Crypto Analyst Flags Convertible Debt-Induced Liquidation Risk To Michael Saylor&#8217;s MicroStrategy</a></li>
</ul>

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

Cryptocurrency

Movers

Trading Ideas

$BTC

$ETH

$SOL

$XRP

XRP Beats Solana To Become 4th Largest Crypto By Market Cap On Ripple's RLUSD Stablecoin Approval Buzz

Macro Economic Events

Econ #s

Reported Earlier, China Caixin Manufacturing Purchasing Managers Index For November 51.5 Vs. 50.6 Est.; 50.3 Prior

Reported Earlier, Australia Retail Sales (MoM) For October 0.6% Vs. 0.4% Est.; 0.1% Prior

Reported Earlier, Australia Company Gross Operating Profits (QoQ) For Q3 -4.6% Vs. 0.6% Est.; -6.8% (Revised) Prior

Reported Earlier, Australia Building Approvals (MoM) For October 4.2% Vs.1.2% Est.; 5.8% (Revised) Prior

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Capital Spending (YoY) For Q3 8.1% Vs. 6.7% Est.; 7.4% Prior

MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) Chairman Michael Saylor pitched a strong case for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) adoption to the Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) board, projecting a $5 trillion market cap addition in case of a full embrace.
What happened: In a 3-minute presentation, Saylor called Bitcoin the "highest performing uncorrelated asset" a corporation can have on its books.&nbsp;
Citing data, he showed how Bitcoin beat Microsoft&#8217;s shares by up to 10X annually over the past four years.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">My 3-minute presentation to the <a href="https://twitter.com/search?q=%24MSFT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSFT</a> Board of Directors and <a href="https://twitter.com/satyanadella?ref_src=twsrc%5Etfw">@SatyaNadella</a>, articulating why the company should do the right thing and adopt <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>. <a href="https://t.co/aHp91V9Slz">pic.twitter.com/aHp91V9Slz</a>
&mdash; Michael Saylor&#x26a1;&#xFE0F; (@saylor) <a href="https://twitter.com/saylor/status/1863323760511627565?ref_src=twsrc%5Etfw">December 1, 2024</a></blockquote>
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Saylor highlighted the new wave of political support after President-elect Donald Trump's victory and his choice of <a href="https://www.benzinga.com/24/11/42157756/firm-led-by-trumps-commerce-secretary-pick-howard-lutnick-reportedly-in-talks-for-a-multi-billion-dollar-bitcoin-lending-project-with-tether">cabinet picks</a> who support Bitcoin.
He also noted the support coming from Wall Street and top asset managers. with the launch of <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42165734/bitcoin-etfs-registered-record-312-billion-net-inflows-last-week">spot exchange-traded funds (ETFs)</a> tracking the cryptocurrency.
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42228464/ethereum-rally-gets-overshadowed-by-searing-gains-in-cheaper-plays-why-are-ens-and-etc-soaring-today">Ethereum Rally Gets Overshadowed By Searing Gains In Cheaper Plays: Why Are ENS And ETC Soaring Today?</a>
Saylor said Bitcoin could add $584 to Microsoft&#8217;s stock price by 2034 if the company employs all its corporate resources, including treasury, debt, cashflows, buybacks, and dividends, to purchase the cryptocurrency.
Additionally, this strategy could contribute nearly $5 trillion to Microsoft's market capitalization while significantly reducing its enterprise value at risk, which is currently heavily reliant on future earnings forecasts.
Why It Matters: Microsoft was <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41536822/microsoft-shareholders-want-it-to-buy-bitcoin-say-microstrategy-shares-outperformed">set to vote on an assessment of investing in Bitcoin</a> during the upcoming shareholders meeting. The shareholders requested the board conduct the assessment, citing Bitcoin's healthy gains over the last five years.
The proposal explicitly mentioned MicroStrategy, a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42253555/microstrategys-imminent-inclusion-in-nasdaq-100-could-reportedly-spark-up-to-2b-in-fund-inflows">pioneer in corporate Bitcoin adoption</a>, whose shares have outperformed Microsoft in 2024.
Indeed, MicroStrategy&#8217;s stock was up 459% year to date, well outperforming Microsoft&#8217;s 13.27% returns.
MicroStrategy currently holds 386,700 BTC, acquired at an average purchase price of approximately $21.94 billion, and worth over $37 billion at current market prices, <a href="https://bitcointreasuries.net/">according </a>to bitcointreasuries.net.
Price Action: At the time of writing, Bitcoin was trading at $96,555.40, up 0.03% 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>. Shares of MicroStrategy were up 2.15% in after-hours trading.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/11/42228264/crypto-analyst-flags-convertible-debt-induced-liquidation-risk-to-michael-saylors-microstrategy">Crypto Analyst Flags Convertible Debt-Induced Liquidation Risk To Michael Saylor&#8217;s MicroStrategy</a></li>
</ul>

MSFT

MSTR

Michael Saylor Says Bitcoin Could Boost Microsoft's Valuation By Nearly $5 Trillion And Add $584 To The Stock By 2034

Tesla bull and Grok investor Pierre Ferragu has shared his thoughts on the true nature of large language models (LLMs) amid ongoing debates in the AI space.
What Happened: Over the weekend, Carlos E. Perez, co-founder of Intuition Machine, took to X, formerly Twitter, questioning the capabilities of LLMs.
In his post, Perez noted that while LLMs can tackle complex problems, they often falter on seemingly simple logical steps.
His post spotlighted a study titled &#8220;Procedural Knowledge in Pretraining Drives Reasoning in Large Language Models,&#8221; which found that LLMs&#8217; reasoning abilities are significantly influenced by programming code logic.
The study used EK-FAC influence functions to identify the specific training data that most impact the model&#8217;s output for a given query.
See Also: <a href="https://www.benzinga.com/general/space/24/11/42208569/spacexs-starlink-direct-to-cell-service-gets-commercial-license-from-fcc-heres-what-it-means?itm_source=parsely-api">SpaceX&#8217;s Starlink Direct-To-Cell Service Gets Commercial License From FCC: Here&#8217;s What It Means</a>
The research discovered a stark contrast in how LLMs handle factual and reasoning questions. LLMs often used a retrieval-based approach for factual questions.
However, for reasoning questions, LLMs consistently relied on documents demonstrating procedures—algorithms, formulas, and, importantly, code—for solving similar problems.
Sharing his post, Ferragu, an analyst at New Street Research, stated, &#8220;My left brain: LLM are digital gods. My right brain: LLM are glorified digital imitating monkeys. Time will tell and the truth is likely right in-between.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">My left brain: LLM are digital gods. My right brain: LLM are glorified digital imitating monkeys. Time will tell and the truth is likely right in-between. <a href="https://t.co/2GVGaKTznL">https://t.co/2GVGaKTznL</a>
&mdash; Pierre Ferragu (@p_ferragu) <a href="https://twitter.com/p_ferragu/status/1863249066454335889?ref_src=twsrc%5Etfw">December 1, 2024</a></blockquote>
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Why It Matters: The debate on LLMs&#8217; capabilities is not new. Earlier this year, a software engineer at Alphabet Inc.'s Google <a href="https://www.benzinga.com/news/24/06/39284426/google-engineer-says-sam-altman-led-openai-set-back-ai-research-progress-by-5-10-years-llms-have-suc">expressed concerns</a> that OpenAI, the parent company of ChatGPT, had hindered the progress of AGI by 5 to 10 years.
Salesforce CEO Marc Benioff also warned that the world was nearing the <a href="https://www.benzinga.com/24/11/42156373/marc-benioff-warns-were-near-the-upper-limits-of-llms-the-future-of-ai-lies-in-autonomous-agents-not-bots-like-chatgpt">&#8220;upper limits&#8221; of LLMs</a> like OpenAI&#8217;s ChatGPT.
He predicted that the future of AI would focus on autonomous agents capable of performing tasks independently, rather than relying on LLMs for advancements.
Tony Fadell, the co-creator of the iPod, also expressed <a href="https://www.benzinga.com/news/24/10/41616573/ipod-co-creator-tony-fadell-dismisses-chatgpt-type-llms-saying-were-trying-to-make-science-fiction-h">concerns about LLMs</a>.&nbsp;
Previously, Nvidia CEO Jensen Huang said that humans will eventually work with AI agents and AI employees. <a href="https://www.benzinga.com/markets/equities/24/10/41156669/jensen-huang-on-transformative-partnership-with-accenture-ai-as-digital-employees-will-revolutio">Nvidia has also partnered</a> with Accenture to deploy AI agents in businesses.
Microsoft Corporation also announced plans to let companies create their own <a href="https://www.benzinga.com/top-stories/24/10/41428765/microsoft-salesforce-battle-heats-up-as-ai-agent-technology-takes-center-stage">autonomous agents</a>, following Salesforce&#8217;s launch of Agentforce in September 2024.
OpenAI is also reportedly planning to launch a new <a href="https://www.benzinga.com/media/24/11/41964846/openais-operator-ai-agent-will-perform-tasks-like-coding-travel-booking-and-more-launch-expected-in-january-next-year-report">AI agent, &#8220;Operator,&#8221;</a> in January.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Are ChatGPT Like LLMS 'Digital Gods' Or Just 'Imitating Monkeys' — Investor In Elon Musk's Grok Shares His Thoughts

The Future Fund LLC Managing Partner Gary Black argues that Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) needs new vehicle form factors, rather than stripped-down versions of existing models, to achieve its targeted 20-30% volume <a href="https://www.benzinga.com/trading-ideas/previews/24/10/41497761/exclusive-tesla-earnings-to-test-pricing-power-ai-ambitions-against-rising-competition">growth in fiscal year 2025</a>. 
What Happened: Black&#8217;s analysis comes amid ongoing discussions about Tesla&#8217;s strategy for maintaining growth in an increasingly competitive electric vehicle market.
Black emphasized on <a href="https://x.com/garyblack00/status/1862902252106883269">X</a>, formerly Twitter, that Tesla&#8217;s 2022-2023 price reduction strategy demonstrated that simply offering cheaper versions of the Model 3 and Model Y won&#8217;t generate sufficient growth. 
Instead, he suggests Tesla needs to expand into new market segments, specifically pointing to potential offerings like a four-seat Cybercab or a Model 3 hatchback that could tap into the compact segment, which represents 12-15% of global market share.
The investor&#8217;s comments follow Tesla&#8217;s recent <a href="https://www.benzinga.com/news/earnings/24/10/41501607/tesla-q3-earnings-highlights-eps-beat-revenue-miss-shares-climb-on-2025-timeline-for-lower-cost-evs">third-quarter earnings report</a>, where the company posted revenue of $25.18 billion, up 8% year-over-year, though missing analyst expectations. 
Tesla maintains its commitment to launching more affordable vehicles in the first half of 2025, with CEO Elon Musk linking this initiative to the company&#8217;s projected 20-30% annual volume growth.
See Also: <a href="https://www.benzinga.com/news/management/24/12/42258470/jeep-marker-stellantis-ceo-carlos-tavares-resigns-amid-falling-us-sales-and-trade-pressures-board-cites-different-views">Jeep Marker Stellantis&#8217; CEO Carlos Tavares Resigns Amid Falling US Sales And Trade Pressures: Board Cites &#8216;Different Views&#8217;</a>
Why It Matters: Black challenges the notion that these goals can be met through stripped-down versions of existing models, noting that Tesla needs an interim solution before the full deployment of autonomous Cybercab technology, expected in 2026. 
His analysis suggests that Tesla&#8217;s strategy must extend <a href="https://www.benzinga.com/24/11/42253285/gary-black-tesla-isnt-launching-cybercab-until-2026-douses-early-rollout-rumors-focus-shifts-to-2025-30k-ev-instead">beyond price adjustments</a> to include new vehicle categories that can capture additional market segments.
This discussion occurs against a backdrop of increasing competition in the electric vehicle market, with Tesla facing pressure from both U.S. automakers and Chinese manufacturers. 
The company&#8217;s third-quarter operating margin of 10.8% and record-low cost of goods sold per vehicle at $35,100 demonstrate its ongoing efforts to balance <a href="https://www.benzinga.com/news/earnings/24/10/41501607/tesla-q3-earnings-highlights-eps-beat-revenue-miss-shares-climb-on-2025-timeline-for-lower-cost-evs">profitability with market expansion</a>.
Price Action: Tesla stock closed at $345.16 on Friday, up 3.69% for the day, according to <a href="https://www.benzinga.com/pro/" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. In after-hours trading, the stock edged higher by 0.081%. Year to date, Tesla shares have surged 38.94%.
According to <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">Benzinga Pro data</a>, Tesla has a consensus price target of $232.20, with a high of $400 and a low of $24.86. Recent analyst ratings imply a 9.39% downside, with an average target of $313.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/01220244/Screenshot-2024-12-02-at-8.31.29%E2%80%AFAM-1024x375.png" alt="" class="wp-image-671556" /></figure>
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Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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