Latest News for Elior Gr Stock (OTC:ELORY)

Elior Group SA operates in the contracted food and support services industry. It provides catering services to business, education, health, and travel industries. Its business is divided into concession catering and contract catering. It has developed and promoted brands such as Elior, Elior services, Areas, Gemeaz, Serunion, etc. The firm mainly operates in France, Italy, the United States, Spain, and the United Kingdom.

Elior Group SA

Sumitomo Corp, a leading integrated trading company and SMFL, one of the world&#39;s premier financial institutions are looking to&nbsp;support Gogoro&#39;s global business expansion while creating new business opportunities for Sumitomo Corporation and SMFL.

News

Reported Earlier, Gogoro Teams Up With Sumitomo And SMFL In First Of Its Kind Partnership For Global Business Growth

Macro Economic Events

Econ #s

Economics

Germany Gross Domestic Product (YoY) Preliminary For Q1 0.2% Vs. 0.1% Est.; -0.3% Prior

Germany Gross Domestic Product (QoQ) Preliminary For Q1 -0.2% Vs. -0.2% Est.; -0.2% Prior

Tesla CEO Elon Musk on Monday provided a rationale for determining the dates for unveiling <a href="https://www.benzinga.com/news/24/04/38286437/tesla-ceo-elon-musk-says-going-balls-to-the-wall-for-autonomous-driving-is-blindingly-obvious-as-eve">the EV company&#8217;s robotaxi</a>, including a personal one. 
What Happened: Earlier this month, Musk announced that the company&#8217;s robotaxi would be unveiled on Aug. 8. 
The CEO on Monday clarified that he picked the date partly because &#8220;8/8&#8221; is deemed a lucky number in China. The date also coincides with the birthday of his triplets, he said in a post reply. 
<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 did partly pick it because 8/8 is a lucky number in China! Also, the birthday of my triplets, who are now 17.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1785134450092724354?ref_src=twsrc%5Etfw">April 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The CEO, however, did not confirm the X user&#8217;s prediction that the choice of date implies that the unveiling would be held in China. 
On Monday, it was reported that Tesla has <a href="https://www.benzinga.com/markets/asia/24/04/38481213/breaking-tesla-reportedly-teams-up-with-baidu-to-roll-out-fsd-in-china" target="_blank" rel="noreferrer noopener">partnered with Beijing-based internet company&nbsp;Baidu Inc</a>&nbsp;for lane-level mapping and navigation data for China and was deemed in compliance with China's data security requirements by a Chinese auto association, marking a significant stride towards the deployment of its full self-driving (FSD) driver assistance software in the world's largest EV market.
Why It Matters: <a href="https://www.benzinga.com/startups/23/09/34442000/elon-musk-is-now-the-father-to-11-children-after-a-3rd-baby-with-ex-girlfriend-grimes-was-announced" target="_blank" rel="noreferrer noopener">Musk&#8217;s triplets</a>, Kai, Damian, and Sax, were born on Aug.8, 2006, to him and his first wife, Justine Wilson. Interestingly, the date also carries significant meaning in China. The number eight is considered lucky, sounding similar to the word for &#8220;prosperity&#8221; and often associated with good fortune. This association extends to business ventures, with the 2008 Summer Olympics in Beijing even holding its opening ceremony on 8/8/2008.
Earlier this month, Musk said that dedicating to autonomous driving is a &#8220;blindly obvious move&#8221; for Tesla.
&#8220;Not quite betting the company, but going balls to the wall for autonomy is a blindingly obvious move,&#8221;&nbsp;<a href="https://www.benzinga.com/news/24/04/38286437/tesla-ceo-elon-musk-says-going-balls-to-the-wall-for-autonomous-driving-is-blindingly-obvious-as-eve" target="_blank" rel="noreferrer noopener">Musk wrote</a>. &#8220;Everything else is like variations on a horse carriage.&#8221;
Deploying autonomous vehicles hinges on&nbsp;both&nbsp;technological advancement and regulatory approval.&nbsp;
Tesla's Director of Autopilot software,&nbsp;Ashok Elluswamy, <a href="https://www.benzinga.com/news/24/04/38397845/tesla-will-solve-autonomy-even-if-i-got-kidnapped-by-aliens-tomorrow-says-elon-musk-as-he-reveals-ta">believes regulatory hurdles might be minimal</a> if sufficient data proves the safety advantages of autonomous cars over human-driven vehicles.&nbsp;
Other&nbsp;<a href="https://www.benzinga.com/news/24/03/37907967/tesla-fsd-team-gets-a-boost-as-waymo-engineering-manager-jumps-ships-to-join-elon-musk-led-ev-maker" target="_blank" rel="noreferrer noopener">autonomous car companies</a>&nbsp;have also been clearing the regulatory path for Tesla, Elluswamy said during the company&#8217;s first-quarter earnings call earlier this month, possibly referring to&nbsp;Alphabet Inc‘s&nbsp;Waymo.
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: <a href="https://www.benzinga.com/news/24/04/38490438/challenge-accepted-spacex-ceo-elon-musk-agrees-to-make-falcon-boosters-support-42-missions-after-ret">Challenge Accepted:&#8217; SpaceX CEO Elon Musk Agrees To Make Falcon Boosters Support 42 Missions After Retiring Booster That Launched Intuitive Machines&#8217; Lunar Lander</a>
Photo courtesy: Thomas Hawk on Flickr

Tech

Tesla CEO Elon Musk Reveals Sentimental Reason Behind 8/8 Robotaxi Unveil: 'Lucky Number In China...Birthday Of My Triplets'

Germany Unemployment Rate For April Unchanged At 5.9%

Germany Unemployment Change For April 10K Vs. 7K Est.; 4K Prior

Sandoz reaches agreement with Amgen resolving all patent litigation related to its US denosumab biosimilars
<ul>
<li>Agreement clears path for launch of Jubbonti&reg;&nbsp;and Wyost&reg;&nbsp;on May 31, 2025 or earlier under certain circumstances</li>
<li>Jubbonti&reg;&nbsp;and Wyost&reg;&nbsp;are first and only FDA-approved biosimilars to and interchangeable with Prolia&#x2A;&reg;&nbsp;and Xgeva&#x2A;&reg;</li>
<li>Anticipated launch further strengthens Sandoz biosimilar portfolio and advances growth strategy</li>
</ul>

AMGN

SDZNY

Sandoz And Amgen Resolve Patent Disputes Over FDA-Approved Denosumab Biosimilars In The US

In its decision, SIX Exchange Regulation AG requested that WISeKey publishes certain unaudited financial metrics for FY 2023. These unaudited financial metrics are as follows:
<ul>
<li>Revenue for the year ended December 31, 2023 reached&nbsp;$31&nbsp;million, representing an increase of&nbsp;30%&nbsp;from FY 2022.</li>
<li>Gross profit of&nbsp;$15&nbsp;million&nbsp;(profit margin reached&nbsp;48%) showed an improvement of&nbsp;$5&nbsp;million&nbsp;as compared to&nbsp;$10&nbsp;million&nbsp;of gross profit reported for FY 2022, which is directly attributable to the revenue growth.</li>
<li>The expected unaudited net loss of&nbsp;$15&nbsp;million&nbsp;for FY 2023 compares positively to the net loss of&nbsp;$29&nbsp;million&nbsp;reported in the prior year. The main factor behind this improvement is the disposal of loss-making subsidiary, arago GmbH, which was completed in 2022.</li>
<li>WISeKey&#39;s balance sheet total remains stable at&nbsp;$48&nbsp;million&nbsp;displaying a healthy cash position of&nbsp;$13&nbsp;million.</li>
</ul>
Carlos Moreira, Chief Executive Officer of WISeKey, noted, &quot;While the reasons behind this delay included certain factors that were outside of our control, our team is diligently working with auditors to complete the auditing of our FY 2023 financial results. We remain committed to maintaining the highest standards of transparency and accuracy in our financial reporting.&quot;

WKEY

WISeKey International Granted Extension For Fiscal 2023 Annual Report Publication; Reports Preliminary FY 2023 Revenue $31M Up 30% YoY

The National Highway Traffic Safety Administration (NHTSA) has announced that by September 2029, almost all new cars and trucks sold in the U.S. must be equipped with automatic emergency braking systems.
What Happened: The NHTSA stated that the new rule will save at least 360 lives and prevent a minimum of 24,000 injuries annually, Reuters reported on Tuesday. This decision follows a rise in traffic deaths after the COVID-19 lockdowns.
Congress directed the NHTSA in the 2021 infrastructure law to establish minimum performance standards for these systems. The systems use sensors like cameras and radar to detect imminent collisions and automatically apply brakes if the driver fails to do so.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38479312/watershed-moment-says-tesla-analyst-as-elon-musk-makes-surprise-china-visit-to-repo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Watershed Moment,&#8217; Says Tesla Analyst As Elon Musk Makes Surprise China Visit To Reportedly Discuss FSD Rollout And Data Transfer Overseas</a>
Manufacturers are required to ensure these systems can detect pedestrians in both daylight and at night. Some small-volume manufacturers will be granted until September 2030 to comply.
Why It Matters: The decision comes after several incidents involving braking systems. In March, the <a href="https://www.benzinga.com/markets/equities/24/03/37591382/honda-vehicles-under-probe-for-braking-issues-report">NHTSA initiated a probe</a> into approximately 250,712 Honda Motor vehicles due to unintended activation of automatic emergency braking. The investigation was based on 46 complaints, including three crashes or fires and two injuries.
In July 2023, <a href="https://www.benzinga.com/news/23/07/33298867/tesla-recalls-more-than-17-000-evs-over-camera-seat-belt-issues">Tesla recalled over 17,000 vehicles</a> due to issues with the forward-facing front camera, which could cause emergency braking, forward collision warnings, and lane assist to become unavailable without warning the driver.
Read Next: <a href="https://www.benzinga.com/markets/asia/24/04/38481213/breaking-tesla-reportedly-teams-up-with-baidu-to-roll-out-fsd-in-china?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Musk&#8217;s China Mission Pays Off? Tesla Reportedly Inks FSD Deal With Internet Giant Baidu</a>
Image via Shutterstock
<div style="font-family: 'Lato', sans-serif">
<div>
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by Benzinga Neuro, Edited by 
 <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Pooja Rajkumari</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>
</div>

General

TSLA

US Auto Watchdog Mandates Automatic Emergency Braking Systems In New Vehicles By 2029

T-Mobile USA intends to use the net proceeds from the offering for general corporate purposes, which may include among other things, share repurchases, any dividends declared by T-Mobile's Board of Directors and refinancing of existing indebtedness on an ongoing basis.

Offerings

TMUS

T-Mobile Announces Proposed Public Offering Of Euro-Denominated Senior Notes

OpenAI&nbsp;CEO&nbsp;Sam Altman&nbsp;has expressed his affection for the GPT-2 language model, despite his previous criticism for all the models before GPT-5, which is yet to launch.
What Happened: On Monday, Altman took to X, formerly Twitter, and confess his fondness for GPT-2. He said, &#8220;I do have a soft&nbsp;spot for GPT2.&#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 do have a soft spot for gpt2
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1785107943664566556?ref_src=twsrc%5Etfw">April 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/04/38480983/giant-leap-for-apple-new-leak-of-iphone-16-lineup-confirms-recent-rumors-about-screen-sizes-and-came?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Giant Leap For Apple? New Leak Of iPhone 16 Lineup Confirms Recent Rumors About Screen Sizes And Camera Bump</a>
Earlier this year, in an <a href="https://www.mk.co.kr/news/it/10924466">interview</a> with Korean publication,&nbsp;Maeil Business Newspaper, Altman said, &#8220;GPT-2 was very bad. GPT-3&nbsp;was pretty bad. GPT-4 was&nbsp;pretty bad. But GPT5 will&nbsp;be good.&#8221; Altman gave this <a href="https://www.benzinga.com/markets/equities/24/01/36683476/sam-altman-at-davos-more-users-will-be-talking-to-their-computers-in-2024">interview in January</a> when he attended the World Economic Forum held at Davos, Switzerland. 
OpenAI has been consistently improving its GPT models since the release of GPT-1 in 2018, <a href="https://www.forbes.com/sites/bernardmarr/2023/05/19/a-short-history-of-chatgpt-how-we-got-to-where-we-are-today/?sh=5318e92b674f">reported</a> Forbes. The <a href="https://www.benzinga.com/news/23/03/31348755/openai-has-announced-the-new-gpt-4-the-advanced-ai-model-can-pass-a-simulated-legal-exam-but-still-s">latest version, GPT-4</a>, was launched in March last year, with <a href="https://www.benzinga.com/news/24/03/37838131/openai-is-reportedly-gearing-up-to-release-a-significantly-better-gpt-5-by-mid-year">GPT-5 scheduled for release later</a> this year. 
Here&#8217;s a look at how the GPT models have improved over the years: 
GPT-1: Introduced in June 2018, GPT-1 comprised 117 million parameters, establishing the groundwork for the current incarnation of ChatGPT. It showcased the effectiveness of unsupervised learning in comprehending language, employing books as its training material to predict the subsequent word in a sentence.
GPT-2: This model was unveiled as a substantial advancement, boasting 1.5 billion parameters in February 2019. It displayed remarkable progress in text generation, generating coherent, multi-paragraph content. However, owing to concerns about its potential misuse, GPT-2 wasn&#8217;t immediately made available to the public.
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.
GPT-3: In June 2020, the introduction of GPT-3 marked a significant advancement. Trained on an impressive 175 billion parameters, this model revolutionized text generation. Its sophisticated capabilities found extensive applications, including drafting emails, composing articles, crafting poetry, and even generating programming code. The updated version of it, GPT-3.5, was later <a href="https://www.benzinga.com/news/23/02/30908169/chatgpts-100-millionth-user-means-the-age-of-ai-is-here">publicly released to public</a> in November 2022. 
GPT-4: Launched <a href="https://www.benzinga.com/news/23/03/31355143/openai-gpt-4-launch-hypes-up-ai-again-3-lesser-known-stocks-you-should-be-watching-right-now">last year in March</a>, GPT-4 is currently only available for ChatGPT Plus subscribers. It came with new image- and text-understanding, lower likelihood of dangerous output, ability to follow users&#8217; intention and the capability of searching internet in real-time. 
GPT-5: The upcoming model is <a href="https://www.benzinga.com/news/24/03/37838131/openai-is-reportedly-gearing-up-to-release-a-significantly-better-gpt-5-by-mid-year">poised to offer a substantial improvement</a> over its forerunner, GPT-4, which has encountered performance challenges. The upcoming model is slated for a summer release, with select enterprise clients already being given previews of its features. On CEO said described it as &#8220;really good, like materially better.&#8221;
Photo courtesy: Shutterstock
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:&nbsp;<a href="https://www.benzinga.com/news/24/04/38424000/mark-zuckerberg-shades-apple-vision-pro-once-again-calls-it-fashionable-ai-glasses-without-a-display?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Shades Apple Vision Pro Once Again, Calls It &#8216;Fashionable AI Glasses Without A Display&#8217;</a>
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.

Open AI CEO Sam Altman Once Called GPT-2 'Very Bad' But Now Confesses He Has A 'Soft Spot' For The Version — Here's ChatGPT's Evolution Story

Tim Higgins, author of &#8220;Power Play: Tesla, Elon Musk, and the Bet of the Century,&#8221; recently highlighted the seriousness of Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk as a key factor in gaining investor confidence, following Musk&#8217;s unexpected visit to China.
What Happened: Talking to Brian Sullivan during CNBC&#8217;s &#8220;Last Call,&#8221; Higgins described how Musk&#8217;s visit to China will play out with investors.
&#8220;Serious Elon was on display, and serious Elon is clearly what investors are looking for. They are so starved for Elon&#8217;s attention that they are just ecstatic since the last week,&#8221; he said.
Higgins pointed out that this was due to <a href="https://www.benzinga.com/news/24/04/38263933/elon-musk-re-enters-wartime-ceo-mode-tesla-chief-explains-necessity-of-massive-job-cuts-amid-report">Musk&#8217;s visible seriousness during the earnings call</a>. His latest visit to China also sends a message to the Chinese market that &#8220;Tesla has the endorsement of the government.&#8221; This is an important development since Tesla has often faced skepticism and restrictions from the country. 
Sullivan also added that &#8220;Musk needs the blessing of Beijing.&#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">&quot;Serious <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> was on display, and serious Elon is clearly what investors are looking for,&quot; says <a href="https://twitter.com/timkhiggins?ref_src=twsrc%5Etfw">@timkhiggins</a> following the Tesla CEO&#39;s surprise trip to China. <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> <a href="https://t.co/IZN8rGde8q">pic.twitter.com/IZN8rGde8q</a>
&mdash; Last Call (@LastCallCNBC) <a href="https://twitter.com/LastCallCNBC/status/1785095039611228243?ref_src=twsrc%5Etfw">April 29, 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/24/04/38480601/california-leads-the-charge-golden-state-now-has-1-ev-charger-for-every-5-gas-stations?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">California Leads The Charge: Golden State Now Has 1 EV Charger For Every 5 Gas Stations</a>
Why It Matters: Musk&#8217;s visit to China <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38479312/watershed-moment-says-tesla-analyst-as-elon-musk-makes-surprise-china-visit-to-repo">comes at a critical time for Tesla,</a> as the company recently cleared China&#8217;s data security requirements for its <a href="https://www.benzinga.com/news/24/04/38491516/teslas-model-3-and-model-y-clear-chinas-data-security-hurdle-fsd-software-deployment-nears">Model 3 and Model Y vehicles</a>. This approval marks a significant stride towards the deployment of Tesla&#8217;s full self-driving (FSD) driver assistance software in the world&#8217;s largest EV market.
During his visit, Musk met with Xi Jinping&#8217;s number 2 Li Qiang, sparking speculation about the potential rollout of full-self driving in the country. This meeting was seen as a significant step in strengthening Sino-U.S. trade cooperation, with Tesla being a successful example of this partnership.
Furthermore, Tesla&#8217;s recent achievement caused <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38506689/teslas-fsd-nod-win-seen-as-move-to-smooth-over-chinese-evs-entry-into-the-us-market-says">its share price to spike more than 15%</a> on Monday, indicating the market&#8217;s positive response to Tesla&#8217;s advancements in China.
Price Action: According to <a href="https://pro.benzinga.com">Benzinga Pro</a>, Tesla&#8217;s share price closed at $194.05 on Monday, marking a significant increase of 15.31%.
Read Next: <a href="https://www.benzinga.com/news/24/04/38476524/facebook-co-founder-brings-back-old-memories-as-he-alleges-elon-musks-tesla-will-be-the-next-enron-h?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Facebook Co-Founder Brings Back Old Memories As He Alleges Elon Musk&#8217;s Tesla Will Be The Next &#8216;Enron&#8217; — Here&#8217;s What You Should Know About The Company That Is Etched In History Books For Corporate Fraud</a>
Image created using photos on Shutterstock
<div style="font-family: 'Lato', sans-serif">
<div>
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by Benzinga Neuro, Edited by 
 <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Pooja Rajkumari</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>
</div>

Analyst Color

'Tesla Has The Endorsement' Of Xi Jinping's Government: This Is What 'Serious' Elon Musk Showed To Investors In China, Says Expert

The question of&nbsp;whether&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/02/37399976/nvidia-microsoft-back-figure-ai-with-675m-investment-for-humanoid-robots-integration" rel="noreferrer noopener">AI and robots</a>&nbsp;will replace humans in the workplace has been a growing concern. However, in a recent appearance on CBS&nbsp;News&#8217;&nbsp;&#8220;60 Minutes,&#8221;&nbsp;Nvidia Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO&nbsp;Jensen Huang&nbsp;offered some reassurance.
Job Security In The AI Age:&nbsp;During the&nbsp;<a target="_blank" href="https://www.cbsnews.com/news/meet-nvida-ceo-jensen-huang-company-powering-ai-today-60-minutes-transcript/" rel="noreferrer noopener">interview</a>, host&nbsp;Bill Whitaker&nbsp;spoke with&nbsp;Brett Adcock, CEO of Nvidia-funded&nbsp;Figure AI, about the&nbsp;company&#8217;s&nbsp;robot prototype, Figure 01.&nbsp;
Adcock emphasized the&nbsp;robot&#8217;s&nbsp;capabilities, including physical tasks like walking and reasoning. When&nbsp;prompted for a healthier option, the robot even managed to pick an orange from a basket of mixed snacks.
Adcock&#8217;s&nbsp;remarks sparked concerns about human job displacement, prompting Whitaker to ask Huang about his&nbsp;&#8220;worst fears&#8221;&nbsp;regarding AI. Huang&nbsp;responded with a focus on companies benefiting from increased productivity through AI.
See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/money/best-artificial-intelligence-stocks" rel="noreferrer noopener">Best Artificial Intelligence Stocks</a>
&#8220;The workers are for companies,&#8221;&nbsp;Huang explained.&nbsp;&#8220;And&nbsp;so companies, when they become more productive, earnings increase.&nbsp;I&#8217;ve&nbsp;never seen one company that had earnings increase and&nbsp;not&nbsp;hire more people.&#8221;
While acknowledging potential job obsolescence, Huang emphasized the continued value of human judgment.&nbsp;&#8220;I believe that you still want humans in the&nbsp;loop,&nbsp;because we have good judgment, because there are circumstances that the machines are not — just not going to understand.&#8221;
The Broader Conversation:&nbsp;The&nbsp;&#8220;man vs. machine&#8221;&nbsp;debate has intensified with the rise of AI, particularly since the popularity of&nbsp;OpenAI&#8217;s&nbsp;ChatGPT in early 2023. Experts&nbsp;offer differing perspectives on&nbsp;AI&#8217;s&nbsp;impact.&nbsp;Karim&nbsp;Lakhani,&nbsp;a Harvard Business School&nbsp;professor,&nbsp;who specializes&nbsp;in&nbsp;AI&nbsp;<a target="_blank" href="https://hbr.org/2023/08/ai-wont-replace-humans-but-humans-with-ai-will-replace-humans-without-ai" rel="noreferrer noopener">said</a>&nbsp;in a 2023 interview,&nbsp;&#8220;AI is not going to replace humans, but humans with AI are going to replace humans without AI.&#8221;&nbsp;
Mark Murphy, head of U.S. Enterprise Software Research at JP Morgan, sees AI as amplifying human productivity and not as something that would displace humans. 
"We see the potential for a massive workforce productivity boom over the next one to three years, which could affect the shape of the economic cycle. There could also be mass-scale white-collar job realignment four to eight years from now,&#8221; he said. 
These viewpoints align with&nbsp;Ark Investment Management&nbsp;CEO&nbsp;Cathie&nbsp;Wood&#8216;s&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/22/05/27339602/cathie-wood-has-cure-for-sagging-gdp-growth-sees-this-technology-accelerating-annua" rel="noreferrer noopener">predictions from 2022</a>&nbsp;when she said artificial general intelligence (AGI) can significantly boost economic growth.
Market&#8217;s Take on AI: The Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>) closed Monday&#8217;s session up 0.34% at $32.76, and is up over 5% this year, indicating continued investor interest in the AI sector, according to <a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data.</a>
Photo courtesy: Nvidia Corp on Flickr

Media

NVDA

Nvidia CEO Jensen Huang Predicts AI Will Make Companies Hire More Workers With Higher Earnings: 'There Are Circumstances... Machines Are Just Not Going To Understand'

Earnings

CPAC

REported Late Monday, Cementos Pacasmayo Q1 EPS S/0.12 Up From S/0.10 YoY; Sales S/476.55M, Down From S/479.99M YoY

Research and brokerage firm Bernstein remains optimistic about the future of the cryptocurrency market despite the recent slowdown in <a href="https://www.benzinga.com/topic/spot-bitcoin-etf">spot bitcoin exchange-traded fund (ETFs)</a> flows.
What Happened: In a recent research note, Bernstein analysts Gautam Chhugani and Mahika Sapra suggested that the Bitcoin lull is temporary. They expect an upward trajectory, with Bitcoin potentially reaching a $150,000 price target by the end of 2025, The Block <a href="https://www.theblock.co/post/291372/bernstein-bitcoin-etf-flows-short-term-pause?utm_source=rss&amp;utm_medium=rss">reported</a>.
The integration of Bitcoin ETFs into mainstream financial platforms, such as private banks, wealth advisors and brokerages, will require time, they say. These institutions develop the necessary compliance frameworks. 
Chhugani and Sapra also point to the impressive $12 billion in net inflows since the launch of spot bitcoin ETFs and the robust performance of leading <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38456246/bitcoin-miner-marathon-digital-targets-its-hash-rate-to-double-in-2024">Bitcoin miners</a> post-halving as indicators of the market&#8217;s underlying strength.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38493455/bitcoin-is-in-correction-mode-but-thats-necessary-for-the-chart-to-look-good-crypto-trader" target="_blank" rel="noreferrer noopener">‘Bitcoin Is In Correction Mode,' But That's ‘Necessary For The Chart To Look Good,' Crypto Trader Reassures</a>
Ethereum ETFs: The analysts predict that if the U.S. Securities and Exchange Commission (SEC) denies <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38404202/why-sec-delays-put-the-may-ethereum-etf-deadline-in-doubt">spot Ethereum ETFs</a>, it would likely be overturned in court.
They drew parallels to the Grayscale Bitcoin ETF case and cited the inconsistent correlation between spot and futures markets.
If the SEC were to deny on the basis of ether being classified as a security, it would create a conflicting situation with the Commodity Futures Trading Commission (CFTC), which views ether as a commodity.
In either scenario, the analysts suggest that an SEC denial could shift the market focus back to ether, which they believe offers an appealing risk-reward profile given its recent underperformance relative to bitcoin. This renewed attention could also benefit &#8220;ETH-beta&#8221; Layer-2 tokens, such as Arbitrum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">ARB</a>), Optimism (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">OP</a>), and Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/matic/usd">MATIC</a>).
The Bernstein analysts also highlighted the growth potential of various other crypto niches and projects. They noted Solana&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) strong position in crypto payments, the expanding influence of DeFi platforms like Uniswap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/uni/usd">UNI</a>), GMX (CRYPTO: GMX), and Synthetix (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/snx/usd">SNX</a>), and the real-world asset market.
In conclusion, Chhugani and Sapra reaffirmed their projection that the total crypto market cap will surge to $7.5 trillion within the next 18 to 24 months, even amid the current market consolidation. The analysts remain optimistic about the long-term prospects of the asset class and its capacity to transform traditional financial structures.
What&#8217;s Next: These topics are expected to be thoroughly explored at Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38279616/bitcoin-and-ethereum-take-center-stage-according-to-coinbase-q2-crypto-market-guide" target="_blank" rel="noreferrer noopener">Bitcoin And Ethereum Take Center Stage According To Coinbase Q2 Crypto Market Guide</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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

Cryptocurrency

$ARB

$BTC

$ETH

$GMX

$MATIC

Synthetix Network Token - United States Dollar

$SNX

$SOL

$UNI

These Analysts Keep $150K Bitcoin Price Target Despite Slowing ETF Inflows

Today,&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fabout.mattel.com%2F&amp;esheet=53967549&amp;newsitemid=20240430517324&amp;lan=en-US&amp;anchor=Mattel%2C+Inc.&amp;index=1&amp;md5=390bbd09063d58181c9df828f3976318">Mattel, Inc.</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) announced the&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fcreations.mattel.com%2Fproducts%2Fmatchbox-mercedes-benz-g-580-with-eq-technology-hxm19&amp;esheet=53967549&amp;newsitemid=20240430517324&amp;lan=en-US&amp;anchor=Matchbox%26%23174%3B+Mercedes-Benz+G+580+with+EQ+Technology+die-cast+car&amp;index=2&amp;md5=89daede988e8feb72753e63ee43cf9c2">Matchbox&reg; Mercedes-Benz G 580 with EQ Technology die-cast car</a>. The new die-cast vehicle was created to celebrate the iconic Mercedes-Benz G-Class and the recent reveal of its all-new electric model. Now Matchbox has unveiled its realistic and highly detailed model for fans to enjoy. The premium die-cast car features recycled metal and a minimum of&nbsp;81%&nbsp;ISCC-certified plastic (mass balance approach&#x2A;), highlighting how Matchbox is evolving its product offerings.

Matchbox Rolls Out Mercedes-Benz G 580 Model: Eco-Friendly Die-Cast with Recycled Materials

SynOx Therapeutics Limited (&quot;SynOx&quot; or the &quot;Company&quot;), the late-stage clinical biopharmaceutical company developing emactuzumab for the treatment of Tenosynovial Giant Cell Tumour (TGCT) and other diseases, today announces it has entered into a&nbsp;$35m&nbsp;loan facility with Hercules Capital, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HTGC#NYSE">HTGC</a>) (&quot;Hercules&quot;).

HTGC

Synox Therapeutics Secures Up To $35M Debt Financing With Hercules Capital To Progress Development And Commercialization Of Emactuzumab

Elbit Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) (TASE: ESLT)&nbsp;(&quot;Elbit Systems&quot; or the &quot;Company&quot;) announced today it was awarded a contract in an amount of approximately&nbsp;$50 million&nbsp;for its new air defense system, &quot;Red Sky&quot;&trade;, by an international customer. The contract will be executed over a period of 2 years.

ESLT

Elbit Systems Bags $50M Deal for a New Air Defense System by an International Customer

Bayer and the German-based life science company, Evotec, announced today that they have updated the focus of their strategic collaboration to developing innovative precision treatments for cardiovascular diseases (CVDs).
The collaboration aims to identify and validate novel targets, with the goal of building a portfolio of precision cardiology therapeutics by leveraging Evotec&#39;s disease modelling capabilities using human induced pluripotent stem cells (iPSCs). iPSCs provide unique opportunities to identify new disease mechanisms and pathways for novel treatments.
Under the terms of the agreement, both companies will contribute drug targets and a comprehensive set of high-quality technology platforms for the development of innovative treatment options.

Bayer and Evotec Collaborate to Advance Precision Cardiology, Financial Terms Undisclosed

<div>Outlook</div>
<div>Our guidance remains unchanged from that set out at our full-year results on 21 February 2024. We continue to target a return on</div>
<div>average tangible equity (&lsquo;RoTE&lsquo;), excluding the impact of notable items, in the mid-teens for 2024, with banking net interest income (&lsquo;banking</div>
<div>NII&lsquo;) of at least $41bn, dependent on the path of interest rates globally. We are reconfirming our cost growth guidance of approximately 5%</div>
<div>for 2024 compared with 2023, on a target basis, and ECL charges as a percentage of average gross loans of around 40bps in 2024.</div>
<div>&nbsp;</div>
<div>Our guidance reflects our current outlook for the global macroeconomic environment, including customer and financial markets activity. This</div>
<div>includes our modelling of a number of market dependent factors, such as market-implied interest rates (as of early April 2024), as well as</div>
<div>customer behaviour and activity levels.</div>
<div>&nbsp;</div>
<div>We intend to manage our CET1 capital ratio within our medium-term target range of 14% to 14.5%, with a dividend payout ratio target of</div>
<div>50% for 2024, excluding material notable items and related impacts.</div>

Guidance

HSBC

HSBC 2024 Outlook Unchanged: Sees NII Of At Least $41B And RoTE In The Mid-Teens For 2024; Expects To Maintain the CET1 Capital Ratio Within 14% To 14.5%