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Helium One Global Ltd is a Helium exploration company. It is predominantly involved in helium exploration and holds three distinct project areas within the Company's portfolio in Tanzania: the Rukwa, Eyasi, and Balangida Projects. The company has two key geographical segments, being the British Virgin Islands which derives the majority of the revenue and Tanzania.

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Tesla and SpaceX CEO Elon Musk has expressed skepticism about the capabilities of&nbsp;ChatGPT-parent OpenAI&#8217;s <a href="https://www.benzinga.com/news/24/05/38806086/openai-tries-to-steal-googles-thunder-a-day-before-search-giants-event-unveils-gpt-4o-a-chatgpt-vers">latest AI model development</a>. 
What Happened: On Monday, OpenAI unveiled GPT-4o,&nbsp;a more efficient and cost-effective&nbsp;version of its AI model, GPT-4, which was released last year.&nbsp;One of the ways, the GPT-4o can help users is with customer support. 
A user took to X, formerly Twitter, and shared a demo video of GPT-4o speaking on behalf of the user with another chatbot that was representing the company. 
Another user shared the video and remarked, &#8220;99% of the economy&nbsp;will be AIs talking to&nbsp;each other,&#8221; possibly referring that soon the majority of economic activity will be facilitated by artificial intelligence systems. 
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.
However, Musk&#8217;s reaction to a user&#8217;s post and interpretation was less than enthusiastic. He said AI will not be able to facilitate economic activities at &#8220;this ridiculously slow bit rate.&#8221; 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">And not at this ridiculously slow bit rate
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1790195560340726163?ref_src=twsrc%5Etfw">May 14, 2024</a></blockquote>
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Why It Matters: Despite Musk&#8217;s skepticism, OpenAI&#8217;s GPT-4o represents a major leap in AI capabilities. It can handle text, audio, and images in real-time, along with its rapid response to verbal questions, which could significantly enhance customer service and other AI-driven applications.
This development comes at a time when Musk&#8217;s own AI startup, xAI, is&nbsp;<a href="https://www.benzinga.com/news/24/05/38779188/elon-musks-ai-startup-could-reach-a-whopping-20-billion-valuation-exceeding-initial-expectations">projected to reach a valuation of $20 billion</a>, surpassing initial expectations and indicating a growing interest in AI technologies.
Musk co-founded OpenAI in 2015 and subsequently left it in 2018. In March earlier this year, <a href="https://www.benzinga.com/news/24/03/37415380/elon-musk-sues-sam-altman-and-openai-for-refining-agi-to-maximize-profits-for-microsoft-stark-betray">Musk filed a lawsuit against OpenAI</a> and its CEO Sam Altman, accusing the company of betraying the &#8220;Founding Agreement.&#8221; 
OpenAI executives <a href="https://www.benzinga.com/news/24/03/37438094/sam-altmans-openai-fires-back-at-elon-musks-lawsuit-stem-from-elons-regrets-about-not-being-involved">refuted the allegations</a> made by the tech billionaire. In an internal memo, OpenAI&#8217;s chief strategy officer&nbsp;Jason Kwon&nbsp;said, &#8220;We believe the claims in this suit may stem from Elon&#8217;s regrets about not being involved with the company today.&#8221;
Check out more of&nbsp;Benzinga&#8217;s&nbsp;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/24/05/38759440/elon-musk-gets-another-vote-of-confidence-from-twitter-co-founder-jack-dorsey-elon-made-the-right-ch?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Gets Another Vote Of Confidence From Twitter Co-Founder Jack Dorsey: &#8216;Elon Made…The Right Choice&#8217;</a>
Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

News

Tech

Elon Musk Shrugs Off OpenAI's Latest Announcement After X User Says That 99% Of The Economy Will Be AI Chatbots Talking To Each Other: 'Not At This Ridiculously Slow Bit Rate'

Richard Branson, the founder of Virgin Group, has called for the withdrawal of a controversial bill in Georgia, amid widespread protests. The bill, if passed, would require organizations receiving over 20% of their funding from abroad to register as &#8220;agents of foreign influence.&#8221;
What Happened: Branson, a billionaire entrepreneur, took to social media platform X, to voice his concerns about the bill, which has sparked a political crisis in Georgia. 
He wrote, &#8220;The desire to be free and determine your own destiny is a force like few others. Georgia's leaders should listen to the will of the people and scrap this awful bill.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The desire to be free and determine your own destiny is a force like few others. Georgia's leaders should listen to the will of the people and scrap this awful bill: <a href="https://t.co/IWzPkBHONj">https://t.co/IWzPkBHONj</a>
&mdash; Richard Branson (@richardbranson) <a href="https://twitter.com/richardbranson/status/1789993434675032343?ref_src=twsrc%5Etfw">May 13, 2024</a></blockquote>
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Branson&#8217;s statement comes in the wake of massive protests against the bill, with around 50,000 people marching through the streets of Tbilisi, Georgia&#8217;s capital, on May 11, <a href="https://edition.cnn.com/2024/05/12/europe/georgia-foreign-agents-bill-protests-intl/index.html">reported</a> CNN. The U.S. has also expressed concerns, with White House national security adviser Jake Sullivan warning of &#8220;democratic backsliding&#8221; in Georgia.
See Also: <a href="https://www.benzinga.com/news/24/05/38782831/trumps-niece-says-michael-cohens-testimony-will-be-extraordinarily-challenging-for-ex-president-what?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Says Michael Cohen&#8217;s Testimony Will Be &#8216;Extraordinarily Challenging&#8217; For Ex-President: &#8216;What Will Rattle Him The Most Is&#8230;&#8217;</a>
Despite the opposition, the bill is set to undergo its third and final reading in the Georgian parliament, which is controlled by the ruling Georgian Dream party. The bill has been met with strong resistance from various quarters, including opposition parties, civil society, and even the country&#8217;s president.
 Opponents of the Georgian bill have labeled it as &#8220;the Russian law,&#8221; drawing parallels to legislation aimed at silencing critics of President Vladimir Putin&#8216;s Kremlin.
The European Union, having granted Georgia candidate status in December, has warned that passing the bill could hinder further integration efforts.
Georgian Dream argues that the bill will enhance transparency and uphold Georgian national sovereignty.
Read Next: <a href="https://www.benzinga.com/news/24/05/38776544/trumps-niece-says-this-could-be-a-big-blow-to-ex-presidents-narcissistic-need-for-attention-right-no?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Says This Could Be A Big Blow To Ex-President&#8217;s &#8216;Narcissistic Need For Attention&#8217;: &#8216;Right Now The Only Thing We Can Really Do&#8230;&#8217;</a>
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Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
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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="noreferrer noopener">Learn more.</a>
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Politics

Global

Richard Branson Urges Georgia To Revoke 'Awful Bill' Labeled 'The Russian Law' By Opponents As Mass Protests Hit Former Soviet Republic

Mark Cuban, the billionaire investor and television personality, criticized the U.S. Securities and Exchange Commission for its inaction following the Mt. Gox debacle. Cuban also lauded Japan&#8217;s regulatory response to the incident.
What Happened: Cuban took to social media platform X, to express his views on the SEC&#8217;s handling of the Mt. Gox situation. He contrasted this with Japan&#8217;s approach, which he commended for protecting its stakeholders.
&#8220;The SEC didn't learn sh&#x2A;t. Not a damn thing when MT Gox happened. They are still so stupid they think the mere process of registration protects investors. The only actions they take are after the fact. See Madoff. See FTX. See Chinese Stocks,&#8221; Cuban wrote.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38778908/if-you-bought-your-mom-100-in-bitcoin-dogecoin-and-ethereum-last-mothers-day-heres-how-muc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">If You Bought Your Mom $100 In Bitcoin, Dogecoin And Ethereum Last Mother&#8217;s Day, Here&#8217;s How Much She&#8217;d Have Today</a>
He also criticized the SEC&#8217;s approach to innovation, stating that it is &#8220;completely the opposite of our technology history in the USA.&#8221; He further questioned the SEC&#8217;s ability to protect investors from scams, suggesting that the regulatory body is &#8220;really really bad&#8221; at it.
Cuban responded to a post by Mike Kelly, which questioned the potential of 65 tokens in Japan to be breakthrough applications. Cuban pointed out that even the &#8220;scammiest of the scammiest tokens&#8221; haven&#8217;t caused as much loss as other investments.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">And Japan famously learned from Mt Gox and renovated their regulations so that when the largest failures in crypto history happened, they didn't hurt Japanese stakeholders The SEC didn't learn shit. Not a damn thing when MT Gox happened. They are still so stupid they think… <a href="https://t.co/UWTTAfsmVY">https://t.co/UWTTAfsmVY</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1789742256741626341?ref_src=twsrc%5Etfw">May 12, 2024</a></blockquote>
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Why It Matters: Cuban&#8217;s criticism of the SEC&#8217;s regulatory approach comes amid a broader debate on the regulation of cryptocurrencies. In a recent exchange with James Love, Director of an NGO Knowledge Ecology International, Cuban highlighted the <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38780932/mark-cuban-schools-crypto-critic-blames-sec-for-ftx-like-events-this-is-an-institutional-f">various benefits of digital assets</a>, including minimal transaction fees, easily accessible credit, and insulation against theft.
Meanwhile, the Mt. Gox incident has been a long-standing issue in the cryptocurrency space. The exchange, once the world&#8217;s leading Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) exchange, <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38384156/mt-gox-creditors-see-repayment-light-at-the-end-of-the-tunnel">suffered a devastating hack</a> in 2011 and subsequently filed for bankruptcy in 2014. However, there is now a glimmer of hope for creditors, with some reportedly receiving updates on their claims.
At the same time, the SEC&#8217;s regulatory approach has been a source of frustration for many in the crypto space. Robinhood CEO Vlad Tenev recently expressed his <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38723057/gary-gensler-led-sec-a-source-of-frustration-for-robinhood-ceo-vlad-tenev-says-theyve-held">disappointment with the SEC&#8217;s response</a> to the company&#8217;s efforts to engage with the regulatory body.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38770455/bitcoin-clinging-on-to-60k-ethereum-dogecoin-bleed-bitcoins-final-move-will-be-the-most-ag?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Clinging On To $60K, Ethereum, Dogecoin Bleed: &#8216;Bitcoin&#8217;s Final Move Will Be The Most Aggressive,&#8217; Predicts Trader</a>
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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="noreferrer noopener">Learn more.</a>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Entrepreneurship

Markets

$BTC

Mark Cuban Says SEC Didn't Learn A Thing After Mt. Gox, Applauds Japan's Response: 'They Are Still So Stupid'

Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) is set to release earnings results for its first quarter, before the <a href="https://www.benzinga.com/quote/HD/earnings">opening bell on May 14</a>.
Analysts expect the Atlanta, Georgia-based company to report quarterly earnings at $3.60 per share, up from $3.40 per share in the year-ago period. Home Depot is projected to post quarterly revenue of $36.67 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On April 11, Home Depot said it will continue its relationship with Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google Cloud. The two companies have collaborated closely since 2015 on retail technology, both in-store and online.
Home Depot shares fell 1.6% to close at $340.96 on Monday.
Benzinga readers can access the latest analyst ratings on the A<a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">nalyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/HD/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Wells Fargo analyst Zachary Fadem maintained an Overweight rating and cut the price target from $425 to $400 on May 9. This analyst has an accuracy rate of 87%.</li>
<li>Telsey Advisory Group analyst Joseph Feldman maintained a Market Perform rating with a price target of $360 on May 7. This analyst has an accuracy rate of 73%.</li>
<li>Truist Securities analyst Scot Ciccarelli maintained a Buy rating with a price target of $417 on April 17. This analyst has an accuracy rate of 73%.</li>
<li>Stifel analyst John Baugh maintained a Hold rating and boosted the price target from $355 to $366 on Feb. 16. This analyst has an accuracy rate of 79%.</li>
<li>Piper Sandler analyst Peter Keith upgraded the stock from Neutral to Overweight and increased the price target from $311 to $400 on Jan. 16. This analyst has an accuracy rate of 75%.</li>
</ul>
Read This Next: <a href="https://www.benzinga.com/news/24/05/38789146/jim-cramer-likes-micron-and-its-ceo-recommends-buying-this-big-bank">Jim Cramer Likes Micron And Its CEO, Recommends Buying This Big Bank</a>

Earnings

Price Target

Pre-Market Outlook

Trading Ideas

GOOG

GOOGL

Home Depot Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Gene Munster, a prominent tech analyst, at Deepwater Asset Management has predicted that OpenAI could pose a significant challenge to Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google in the search business, despite its ties with Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>). Munster&#8217;s forecast comes on the heels of Apple Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) potential partnership with OpenAI.
What Happened: Munster, took to social media platform X, to express his views on OpenAI&#8217;s potential to disrupt the search business. He acknowledged that OpenAI had not yet announced a search product, but he remained convinced that OpenAI would eventually become a formidable competitor in the search market.
He also noted that OpenAI&#8217;s 49% ownership by Microsoft could complicate its path into the search business. Despite this, Munster expects OpenAI to make significant announcements by the end of the year.
&#8220;I still believe it's a function of time before OpenAI gets more aggressive with search,&#8221; Munster wrote.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Let me wipe this egg off my face; OpenAI did not announce a search product. That said, while shares of <a href="https://twitter.com/search?q=%24GOOG&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GOOG</a> breathe a sigh of relief (rallied 2%) I still believe it's a function of time before OpenAI gets more aggressive with search. The relationship with <a href="https://twitter.com/search?q=%24MSFT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSFT</a> (49% ownership)…
&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1790091601986867352?ref_src=twsrc%5Etfw">May 13, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/05/38720217/wedbush-analyst-dan-ives-says-the-world-is-in-early-stages-of-a-fourth-industrial-revolution-and-it?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Wedbush Analyst Dan Ives Says The World Is In &#8216;Early Stages Of A Fourth Industrial Revolution&#8217; And It Is Led By Nvidia CEO Jensen Huang As &#8216;Godfather Of AI&#8217;</a>
He pointed out Google&#8217;s current advantages, including its 25 years of search data, global distribution, and massive infrastructure. However, he still sees OpenAI as a potential rival to Google in the search business.
Why It Matters: Munster&#8217;s prediction comes at a time when OpenAI is making significant strides in the AI and search sectors. Just days before Munster&#8217;s tweet, it was reported that OpenAI was on the verge of announcing its AI-powered search product, potentially intensifying its rivalry with Google. This product is an extension of OpenAI&#8217;s <a href="https://www.benzinga.com/news/24/05/38774065/apple-chooses-sam-altman-led-openai-to-integrate-chatgpt-into-iphone-deal-almost-done-report">AI-powered chatbot</a>, ChatGPT, and allows it to directly pull information from the web and include citations.
Moreover, Apple is reportedly finalizing a partnership with OpenAI that could bring significant AI features to its devices. This potential partnership is expected to be officially announced at Apple&#8217;s Worldwide Developers Conference (WWDC) in June. This development could further bolster OpenAI&#8217;s position as <a href="https://www.benzinga.com/news/24/05/38751052/googles-new-rival-may-finally-be-here-sam-altmans-openai-could-launch-it-just-ahead-of-search-giants">a potential challenger to Google</a> in the search business.
Meanwhile, Google is facing its own challenges, including the unsealing of court documents that revealed the company paid Apple a staggering $20 billion in 2022 to be the <a href="https://www.benzinga.com/markets/equities/24/05/38573998/how-much-is-google-really-paying-apple-to-be-default-search-engine-on-iphones-unsealed-court-pap">default search engine</a> on iOS. This deal is a central point in an ongoing antitrust lawsuit against Google, with regulators alleging that the company has unlawfully monopolized the online search and related advertising market.
Read Next: <a href="https://www.benzinga.com/news/24/05/38754725/elon-musk-going-for-youtube-billionaire-now-wants-you-to-post-your-movies-tv-shows-and-podcasts-on-x?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Going For YouTube? Billionaire Now Wants You To Post Your Movies, TV Shows And Podcasts On X To Monetize</a>
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Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
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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="noreferrer noopener">Learn more.</a>
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Analyst Ratings

AAPL

MSFT

Google's Search Business Could Be Challenged By OpenAI, Says Gene Munster: 'It's A Function Of Time'

KITT

Nauticus Robotics Q1 EPS $(0.11), Inline, Sales $464.35K

<ul>
<li>Acquisition brings together the companies' complementary merchant, delivery partner, and consumer bases into a single app, creating significant value</li>
<li>Deal is one of the largest-ever international acquisitions in Taiwan, highlighting its attractiveness for companies and investors</li>
</ul>
Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and Delivery Hero SE (FSE: DHER) have reached an agreement for Uber to acquire Delivery Hero's foodpanda delivery business in Taiwan for $950 million in cash. The acquisition of foodpanda Taiwan is subject to regulatory approval and other customary closing conditions and is targeted to close in the first half of 2025. Separately, the companies have also entered into an agreement for Uber to purchase $300 million in newly issued ordinary shares of Delivery Hero.
Until closing, Delivery Hero is dedicated to continue operating foodpanda Taiwan as before, offering the best possible service for its customers and vendors. In the period following closing, foodpanda's local consumers, merchants, and delivery partners will be transitioned to Uber Eats.

UBER

Uber Eats Acquires Delivery Hero's foodpanda Delivery Business in Taiwan For $950M In Cash; Companies Have Also Entered Into An Agreement For Uber To Purchase $300M In Newly Issued Ordinary Shares Of Delivery Hero

<a href="https://www.cnbc.com/2024/05/14/walmart-to-reportedly-lay-off-hundreds-of-corporate-staff-and-relocate-others.html" title="https://www.cnbc.com/2024/05/14/walmart-to-reportedly-lay-off-hundreds-of-corporate-staff-and-relocate-others.html">https://www.cnbc.com/2024/05/14/walmart-to-reportedly-lay-off-hundreds-of-corporate-staff-and-relocate-others.html</a>
&nbsp;
<a href="https://www.cnbc.com/quotes/WMT/">Walmart</a> is cutting hundreds of corporate jobs and asking most remote workers to move to offices, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Meanwhile, workers at the U.S. retail giant's smaller offices in Dallas, Atlanta and Toronto are being asked to move to other central hubs such as Walmart's corporate headquarters in Bentonville as well as Hoboken or Southern California, the report added.
&nbsp;
Walmart will still let staff work remotely part time, as long as they are in offices a majority of the time, the report said.
Walmart employed approximately 2.1 million associates as of Jan. 31, 2024, according to regulatory&nbsp;<a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/104169/000010416924000056/wmt-20240131.htm">filings</a>.
The company has been making moves to shrink its workforce over the past year and had&nbsp;<a href="https://www.reuters.com/business/retail-consumer/walmart-says-65-stores-will-be-serviced-by-automation-2026-keeps-forecast-2023-04-04/">said</a>&nbsp;in April last year that it expects about 65% of its stores to be serviced by automation by the end of its fiscal year 2026.
In February 2023, it&nbsp;<a href="https://www.reuters.com/business/retail-consumer/walmart-close-three-tech-hubs-wsj-2023-02-13/">shut</a>&nbsp;three of its U.S. technology hubs and asked hundreds of workers to relocate to keep their jobs, pushing for more employees to report to work from office.
Walmart didn't immediately respond to a Reuters request for comment.

Management

'Walmart To Reportedly Lay Off Hundreds Of Corporate Staff And Relocate Others' - CNBC

Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) search arm Google and Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)-backed AI startup Anthropic has introduced its Claude chatbot and subscription plans in Europe.
What Happened: Anthropic, founded by former&nbsp;OpenAI&nbsp;employees in 2021, has unveiled&nbsp;Claude in Europe as part of the company&#8217;s strategy to expand its user base and revenue, <a href="https://www.bloomberg.com/news/articles/2024-05-13/openai-rival-anthropic-brings-claude-chatbot-to-europe?srnd=technology-vp">reported</a>&nbsp;Bloomberg. The company&#8217;s basic software offering has already gained traction in sectors such as&nbsp;finance and hospitality across Europe.
Anthropic&#8217;s CEO, Dario Amodei, highlighted the company&#8217;s cloud-computing partners, Amazon and Google, as key allies in navigating the stringent data usage regulations in the EU.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/05/38689467/elon-musk-isnt-sure-apples-showed-its-entire-30b-r-d-prowess-with-new-ipads-maybe-they-have-some-sec?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Isn&#8217;t Sure If Apple Showed Its Entire $30B R&amp;D Prowess With New iPads: &#8216;Maybe They Have Some Secret Products…&#8217;</a>
&#8220;Our cloud providers are known for very strong security,&#8221; Amodei said. &#8220;We're well-positioned from a data security and privacy perspective.&#8221;
Anthropic, known for its focus on responsible and ethical AI, earlier this month&nbsp;introduced a Team plan for&nbsp;corporate clients. The company is now&nbsp;bringing similarly priced plans to&nbsp;Europe, where it will face competition from ChatGPT-parent OpenAI and local rivals like Mistral.
Despite the challenges <a href="https://www.benzinga.com/government/24/03/37656982/eu-leads-with-historic-ai-regulation-nvidia-and-tech-peers-face-new-era-of-innovation">posed by the EU&#8217;s AI Act</a>, Anthropic remains optimistic. The company&#8217;s largest model complies with the Act&#8217;s restrictions. &#8220;We are going to find out how they implement it,&#8221; said Jack Clark, Anthropic's co-founder and policy chief.
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: Anthropic&#8217;s expansion into Europe comes on the heels of several significant developments. In March, the company <a href="https://www.benzinga.com/news/24/03/37481165/this-google-backed-ai-model-could-help-sundar-pichai-achieve-what-gemini-couldnt-beat-openais-gpt-4">introduced its latest generative AI</a> model, Claude 3, which it said outperformed rivals like OpenAI&#8217;s GPT-4. 
Anthropic&#8217;s Claude AI platform was previously only accessible through its website and third-party model libraries. However, in May, the company&nbsp;<a href="https://www.benzinga.com/news/24/05/38577677/google-amazon-backed-anthropic-rolls-out-claude-ios-app-heres-how-you-can-use-it-on-your-iphone-and">launched an iOS app for Claude</a>, making the platform more accessible to users.
Despite its recent successes, <a href="https://www.benzinga.com/news/24/05/38607653/sam-altmans-openai-and-amazon-backed-anthropic-face-serious-competition-from-these-chinese-startups">Anthropic faces stiff competition</a> not only from OpenAI but also from Chinese AI startups. Earlier this month, it was reported that four Chinese AI startups, including Zhipu AI and Moonshot AI, have achieved &#8220;unicorn&#8221; status and are now set to compete with U.S. giants like OpenAI and Anthropic.
Check out more of Benzinga&#8217;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/24/05/38759440/elon-musk-gets-another-vote-of-confidence-from-twitter-co-founder-jack-dorsey-elon-made-the-right-ch?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Gets Another Vote Of Confidence From Twitter Co-Founder Jack Dorsey: &#8216;Elon Made…The Right Choice&#8217;</a>
Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

Media

AMZN

Google, Amazon-Backed OpenAI Rival Anthropic Launches Claude Chatbot In Europe Amid Regulatory Challenges

On Monday, Cathie Wood&#8217;s Ark Invest made some significant trades, the most notable being the purchase of Shopify Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) shares and the sale of Block Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) shares.
The Shopify Trade
Ark Invest&#8217;s ETFs, including Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>), ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), and ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>), purchased a total of 313,923 shares of Shopify on Monday. This move came after the company released its first-quarter earnings report earlier in the month. The trade was valued at approximately $18.45 million, based on Shopify&#8217;s closing price of $58.78 on the day.
Earlier this month, <a href="https://www.benzinga.com/markets/equities/24/05/38721307/cathie-woods-ark-invest-purchases-over-30m-of-shopify-shares-amid-q1-numbers-driven-plunge-adds-">Benzinga reported</a> that Shopify&#8217;s shares had tanked after the company reported its first-quarter results, with analysts expressing concerns about the company&#8217;s profitability.
The Block Inc Trade
On the same day, Ark Invest sold a total of 110,334 shares of Block Inc across its ARKF, ARKK, and ARKW ETFs. This decision came after Block&#8217;s stock soared following its first-quarter earnings report and strategic Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) investment, as <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38599124/block-stock-soars-on-q1-earnings-strategic-bitcoin-investment-details">highlighted by Benzinga</a>. The value of this trade was approximately $7.7 million, based on Block&#8217;s closing price of $69.74 on Monday.
Other Key Trades:
<ul>
<li>Ark Invest&#8217;s ARKF and ARKK ETFs bought shares of Roblox Corp (RBLX). </li>
<li>ARKF sold shares of Global-E Online Ltd (GLBE). ARKG sold shares of Verve Therapeutics Inc (VERV) and bought shares of Recursion Pharmaceuticals Inc (RXRX). </li>
<li>ARKQ sold stock of Velo3D Inc (VLD). ARKX bought shares of Iridium Communications Inc (IRDM).</li>
</ul>
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/38777196/amid-nvidia-craze-jim-cramer-sees-a-chip-stock-not-on-anyones-radar-about-to-break-out-heres-wha?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amid Nvidia Craze, Jim Cramer Sees A Chip Stock &#8216;Not On Anyone&#8217;s Radar&#8217; About To Break Out: Here&#8217;s What He Said</a>
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 Benzinga Neuro, Edited by 
 
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 The GPT-4-based Benzinga Neuro content generation system exploits the 
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Equities

ETFs

ARKF

ARKK

ARKW

SHOP

Cathie Wood's Ark Invest Buys $18M In Shopify Stock Amid Price Dip, Sells Shares In Bitcoin Bull Jack Dorsey's Block Inc

Top cryptocurrencies of the market lifted upward Monday, spurred by top banks' disclosure of investments in spot Bitcoin ETFs, and a social media post by retail trader "Roaring Kitty" that sent meme coins flying.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded 8:30 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+2.19%</td>
<td>$63,021.64</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>+0.48%</td>
<td>$2,952.36</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>+4.72%</td>
<td>$0.1488</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin, the most valuable digital asset on the planet, rose above $63,000 after a subdued weekend. The disclosure of spot ETF holdings by banking titans such as Wells Fargo and JPMorgan Chase last week likely acted as the major trigger.&nbsp;
About $56 million in positions was wiped out in the last 24 hours, with nearly equal amounts of longs and shorts liquidated.
The uptick in spot prices drove investments in the derivatives market, as Bitcoin's Open Interest went to upwards of $30 billion, following a 2.94% increase over the last 24 hours.
The world's largest meme coin, Dogecoin, bounced 4.73% in the last 24 hours as popular retail trader Roaring Kitty posted a meme on social media after a nearly three-year absence.
The level of "Greed" in the market surged, according to Cryptocurrency Fear and Greed Index, an indication that buying pressure might improve in the days ahead.
Top Gainer (24 Hour)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded 8:30 p.m. EDT)</td>
</tr>
<tr>
<td>Ethena (ENA)</td>
<td>+4.10%</td>
<td>$0.8947</td>
</tr>
<tr>
<td>Lido DAO (LDO)</td>
<td>+3.11%</td>
<td>$1.97</td>
</tr>
<tr>
<td>UNUS SED LEO (LEO)</td>
<td>+2.61%</td>
<td>$5.93</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market cap stands at $2.3 trillion, increasing by 1.42% in the past 24 hours.
Major stock indices closed lower on Monday. The Dow Jones Industrial Average lost 81.33 points, or 0.21%, to close at 39,431.51, snapping an eight-day winning run. The S&amp;P 500 slipped 0.02% to end the trading session at 5,221.42 points, while the tech-focused Nasdaq Composite gained 0.29% to finish at 16,388.24 points.
Investors await key inflation data numbers this week, beginning with the producer price index due on Tuesday, and the more significant consumer price index slated for Wednesday, with economists forecasting a month-over-month increase for both.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Prominent cryptocurrency analyst and trader, Ali Martinez drew attention to the importance of $66,250 as a "significant" resistance level for Bitcoin.
"Once BTC breaks past this level, it will be positioned for new all-time highs," Martinez predicted.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The most significant resistance level for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is at $66,250. Once <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> breaks past this level, it will be positioned for new all-time highs! <a href="https://t.co/8ieiU86wfT">pic.twitter.com/8ieiU86wfT</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1790001937871519818?ref_src=twsrc%5Etfw">May 13, 2024</a></blockquote>
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On-chain analytics firm Santiment underlined that Bitcoin's funding rate on major derivatives exchanges was increasing, raising fears of an overleveraged market, and, subsequently, a market correction.
The research firm added that those wishing for a sustained rally would rather want FOMO to stay low, with short positions being on par with the longs, or higher.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f4ca; <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>&#39;s funding rate is rising on exchanges like <a href="https://twitter.com/hashtag/DyDx?src=hash&amp;ref_src=twsrc%5Etfw">#DyDx</a> and <a href="https://twitter.com/hashtag/Deribit?src=hash&amp;ref_src=twsrc%5Etfw">#Deribit</a>. To avoid history repeating itself after last week&#39;s top, those <a href="https://twitter.com/hashtag/bullish?src=hash&amp;ref_src=twsrc%5Etfw">#bullish</a> on <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw">#crypto</a> want to see <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/FOMO?src=hash&amp;ref_src=twsrc%5Etfw">#FOMO</a> staying low, with <a href="https://twitter.com/hashtag/shorts?src=hash&amp;ref_src=twsrc%5Etfw">#shorts</a> opening at the same (or higher) rate than longs. <a href="https://t.co/xlipAPHZPL">https://t.co/xlipAPHZPL</a> <a href="https://t.co/oD2qglaWvb">pic.twitter.com/oD2qglaWvb</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1790053558139732064?ref_src=twsrc%5Etfw">May 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by FellowNeko on Shutterstock
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38796814/gamestop-stock-pumped-but-what-about-the-gamestop-meme-coin-its-gonna-get-wild-predicts-tr">GameStop Stock Pumps, But What About The GameStop Meme Coin?</a>

Movers

$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Edge Higher On Spot ETF Holdings Disclosure And 'Roaring Kitty' Frenzy: Analyst Says $66,250 Next Hurdle For Bitcoin Before A New All-Time High

On Monday, ChatGPT-parent OpenAI introduced a more efficient and cost-effective version of its AI model, GPT-4, which <a href="https://www.benzinga.com/news/23/04/31804758/want-to-try-openais-gpt-4-heres-a-step-by-step-guide-on-how-to-try-this-internet-breaking-ai-tool">has been in existence for over a year</a>.
What Happened: The new model is called GPT-4o. It is trained on&nbsp;extensive internet data and is designed to handle text, audio, and images in real-time more effectively. GPT-4o can also respond to verbal questions with audio replies in milliseconds. 
Moreover, it now offers features that were previously limited to paid subscribers. This includes web searches, multilingual responses, and data storage.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Say hello to GPT-4o, our new flagship model which can reason across audio, vision, and text in real time: <a href="https://t.co/MYHZB79UqN">https://t.co/MYHZB79UqN</a> Text and image input rolling out today in API and ChatGPT with voice and video in the coming weeks. <a href="https://t.co/uuthKZyzYx">pic.twitter.com/uuthKZyzYx</a>
&mdash; OpenAI (@OpenAI) <a href="https://twitter.com/OpenAI/status/1790072174117613963?ref_src=twsrc%5Etfw">May 13, 2024</a></blockquote>
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See Also:&nbsp;<a href="https://www.benzinga.com/news/24/05/38775893/sundar-pichai-finally-responds-to-microsoft-ceos-comments-about-making-google-dance-one-of-the-ways?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Sundar Pichai Finally Responds To Microsoft CEO&#8217;s Comments About Making Google Dance: &#8216;One Of The Ways You Can Do The Wrong Thing Is By &#8230; Playing To Someone Else&#8217;s Dance Music&#8217;</a>
<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">hope you enjoyed! the new voice mode will be live in the coming weeks for plus users. we&#39;ll have more stuff to share soon &#x1f642;
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1790071830427930788?ref_src=twsrc%5Etfw">May 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
OpenAI&#8217;s CTO Mira Murati, demonstrated the model&#8217;s capabilities during the launch event. &#8220;This is the first time that we're making a huge leap in the interaction and ease of use," she <a href="https://www.bloomberg.com/news/articles/2024-05-13/openai-launches-faster-and-cheaper-ai-model-with-gpt-4o?srnd=technology-vp">told</a> Bloomberg News. &#8220;We're really making it possible for you to collaborate with tools like ChatGPT.&#8221;
Instead of depending on separate AI models for various inputs, GPT-4o, where the &#8220;o&#8221; signifies omni, integrates voice, text, and vision capabilities into one model. 
&#8220;When you have three different models that work together, you introduce a lot of latency in the experience, and it breaks the immersion of the experience,&#8221; Murati said. &#8220;But when you have one model that natively reasons across audio, text and vision, then you cut all of the latency out and you can interact with ChatGPT more like we're interacting now.&#8221;
However, the new model encountered some difficulties. The audio was frequently interrupted as the researchers spoke during their demonstration.
ChatGPT-maker has already rolled out the&nbsp;new text and image capabilities&nbsp;to&nbsp;paying ChatGPT Plus and Team&nbsp;users, with enterprise users to follow soon. The company intends to release the latest iteration of its &#8220;voice mode&#8221; assistant to ChatGPT Plus users in the coming weeks.
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: OpenAI&#8217;s announcement comes just a day before&nbsp;Google&#8217;s&nbsp;I/O developer conference, where the search and advertising giant is <a href="https://www.benzinga.com/news/24/05/38751052/googles-new-rival-may-finally-be-here-sam-altmans-openai-could-launch-it-just-ahead-of-search-giants">expected to unveil its own AI updates</a>. This launch could potentially intensify the competition between the companies.
OpenAI&#8217;s recent developments have been closely watched by the tech industry. Speculation about the company&#8217;s next launch had been rife, with rumors of a <a href="https://www.benzinga.com/news/24/05/38751052/googles-new-rival-may-finally-be-here-sam-altmans-openai-could-launch-it-just-ahead-of-search-giants">new search product</a> and the highly anticipated GPT-5. However, OpenAI&#8217;s CEO,&nbsp;Sam Altman, earlier&nbsp;<a href="https://www.benzinga.com/news/24/05/38774244/openais-sam-altman-shoots-down-search-engine-and-gpt-5-rumors-teases-may-13-event-some-new-stuff-peo">dismissed these rumors</a>&nbsp;and teased &#8220;some new stuff&#8221; for the May 13 event.
ChatGPT-parent has also been in discussions with&nbsp;Apple&nbsp;to&nbsp;<a href="https://www.benzinga.com/news/24/05/38774065/apple-chooses-sam-altman-led-openai-to-integrate-chatgpt-into-iphone-deal-almost-done-report">integrate ChatGPT into iPhones</a>, as part of the iPhone maker&#8217;s strategy to introduce AI features to its devices.
In a rare blog post on Monday, Altman also spoke about the latest model saying, &#8220;The original ChatGPT showed a hint of what was possible with language interfaces; this new thing feels viscerally different. It is fast, smart, fun, natural, and helpful.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">too long for a tweet, some thoughts on GPT-4o:<a href="https://t.co/6FIdBUn539">https://t.co/6FIdBUn539</a>
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1790074770324639933?ref_src=twsrc%5Etfw">May 13, 2024</a></blockquote>
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Photo via Shutterstock.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/05/38779672/whats-new-in-consumer-tech-world-last-week-news-that-you-should-know-may-5-may-11-2024?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s New In Consumer Tech World Last Week? News That You Should Know (May 5-May 11, 2024)</a>
Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

OpenAI Tries To Steal Google's Thunder A Day Before Search Giant's Event, Unveils GPT-4o, A ChatGPT Version That Can Reason Across Audio, Vision And Text: 'A Huge Leap In Interaction'

Elon Musk&#8216;s Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is facing a significant challenge in the uptake of its Full Self-Driving technology, with only 2% of free trial users opting for the subscription. This has raised concerns about the future of the technology.
What Happened: Gary Black of Future Fund took to social media platform X, to express his concerns about the low subscription rate of Tesla&#8217;s FSD service. 
He cited data from Yipit, a credit card data provider, which showed that only 2% of the Tesla owners who received a free 30-day trial of the FSD service actually subscribed to it after the trial period ended. This figure is significantly lower than the 6% Black had assumed in his Tesla model.
Black also noted that the sample size was relatively small, only 3,500 users out of 1.8 million trials, and might not be representative of the entire Tesla owner population. He suggested that Tesla needs to understand whether the low subscription rate is due to the perceived low value added by the FSD service or the $99/month subscription fee.
Black wrote, &#8220;Some bulls were predicting take rates of 20% or more &#8211; estimates we thought were absurd. The sample size was only 3,500 users out of 1.8M trials so could be unrepresentative of the TSLA owner population. Still, TSLA needs to understand whether the low take rate was due to low perceived value added or the $99/month rate.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Yipit credit card data showed that just 2% of <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> owners with free FSD 30-day trials actually subscribed to it after the 30-day trial expired. My assumption in my <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> model was that 6% of trial users would subscribe. If just 2% subscribed after a month, that would be…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1790140670876815764?ref_src=twsrc%5Etfw">May 13, 2024</a></blockquote>
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Black&#8217;s concerns were further highlighted by a <a href="https://www.benzinga.com/news/24/05/38754787/elon-musk-claims-tesla-fsd-is-half-a-decade-ahead-or-more-compared-to-mercedes">community feedback forum</a> by Moomoo Technology, which questioned the market expectations of the FSD service, given the low subscription rate.
See Also: <a href="https://www.benzinga.com/news/24/05/38798863/tesla-defies-auto-industry-trends-with-0-99-apr-model-y-financing-offer?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Defies Auto Industry Trends With 0.99% APR Model Y Financing Offer</a>
Why It Matters: The low uptake of Tesla&#8217;s FSD subscription service is a significant concern for the company, especially considering the high expectations surrounding the latest FSD version, FSD v12.3. The tepid subscription rate, as reported by YipitData, raises doubts about the market&#8217;s expectations for the new FSD system.
Just days before the subscription data was revealed, Musk asserted that Tesla&#8217;s FSD technology is <a href="https://www.benzinga.com/news/24/05/38754787/elon-musk-claims-tesla-fsd-is-half-a-decade-ahead-or-more-compared-to-mercedes">&#8220;half a decade ahead or more&#8221; compared to Mercedes</a>, amid ongoing debates about the effectiveness and safety of Tesla&#8217;s autonomous driving technology.
Black&#8217;s concerns come in the wake of Tesla&#8217;s <a href="https://www.benzinga.com/news/24/05/38724721/cybertruck-owners-youll-have-to-wait-a-few-months-for-fsd-because-tesla-is-focusing-on-other-99-of-t">decision to delay</a> the deployment of its FSD driver assistance software on Cybertruck vehicles, indicating potential hurdles in the broader acceptance of FSD among consumers.
Earlier, Musk had also hinted at the imminent launch of the <a href="https://www.benzinga.com/news/24/05/38692792/tesla-robotaxis-hitting-chinas-streets-soon-ev-giant-reportedly-welcomed-to-do-some-trials-but-no-fu">FSD feature in China</a>. These developments, coupled with the disappointing subscription uptake, raise questions about the future of Tesla&#8217;s FSD technology and its impact on the company&#8217;s stock performance.
Read Next: <a href="https://www.benzinga.com/news/24/05/38729359/hertz-customer-fumes-after-car-rental-company-charges-him-277-for-refueling-tesla-and-refuses-to-rei?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Hertz Customer Fumes After Being Billed $277 For &#8216;Refueling&#8217; Tesla, Car-Rental Company Says It Will Refund &#8216;Erroneous&#8217; Charge</a>
Image Via Shutterstock 
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TSLA

Elon Musk's Tesla Faces FSD Uptake Challenge As Only 2% Of Free Trial Users Subscribe, Gary Black Terms The Figure 'Disappointing'

The major U.S. indices had a mixed performance on Monday. The Dow Jones Industrial Average fell by 0.2% to close at 39,431.51, and the S&amp;P 500 declined by 0.02% to finish at 5,221.42. Conversely, the Nasdaq ended the day up nearly 0.3%, closing at 16,388.24.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>)
GameStop&#8217;s shares soared by a whopping 74.40% to close at $30.45. The stock hit an intraday high of $38.20 and a low of $24.77, with a 52-week range of $9.95 to $38.2. This surge can be traced back to a social media post from Keith Gill, best known as &#8220;Roaring Kitty&#8221; on YouTube and Reddit. After three years of silence, Gill&#8217;s post sparked a rally in <a href="https://www.benzinga.com/news/24/05/38801786/gamestop-trader-roaring-kitty-sparks-wall-street-rally-in-heavily-shorted-stocks-what-you-need-to-kn">heavily shorted stocks</a>, leading to GameStop&#8217;s significant gain.
AMC Entertainment Holdings, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>)
AMC Entertainment&#8217;s stock climbed by 78.35% to close at $5.19. The shares reached an intraday high of $5.88 and a low of $3.16, with a 52-week range of $2.38 to $62.30. This surge was also influenced by the return of &#8220;Roaring Kitty&#8221; on social media, sparking questions about the <a href="https://www.benzinga.com/news/24/05/38789552/are-meme-stocks-back-heres-whats-going-on-with-shares-of-gamestop-amc-entertainment-koss-corp-and-mo">resurgence of meme stocks</a>.
See Also: <a href="https://www.benzinga.com/news/24/05/38776732/biden-chief-economic-advisor-promises-relief-for-middle-class-sets-sights-on-overturning-corporate-t?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Biden Chief Economic Advisor Promises Relief For Middle Class, Sets Sights On Overturning Corporate Tax C</a>
Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)
Alibaba&#8217;s shares rose by 5.70% to close at $84.60. The stock hit an intraday high of $85 and a low of $82.60, with a 52-week range of $66.63 to $102.5. As the company prepares to release its earnings, Goldman Sachs analyst Ronald Keung <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38798436/what-to-expect-from-alibabas-earnings-heres-what-goldman-sachs-is-watching">highlighted key factors</a> that could drive the share price.
Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>)
Rivian&#8217;s shares increased by 9.11% to close at $10.90. The stock reached an intraday high of $11.19 and a low of $10.03, with a 52-week range of $8.26 to $28.06. The company reported better-than-expected first-quarter revenue last week and maintained its 2024 production forecast of 57,000 units, leading to a <a href="https://www.benzinga.com/news/24/05/38797005/whats-going-on-with-rivians-stock">rise in its stock</a>.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s shares rose by 2.03% to close at $171.89. The stock hit an intraday high of $175.4 and a low of $169, with a 52-week range of $138.80 to $299.29. The company recently received <a href="https://www.benzinga.com/markets/asia/24/05/38782261/china-greenlights-another-big-tesla-factory-this-time-for-megapack-project">approval for a new megafactory project</a> in China, which will be its second megafactory after the one in California. 
Photo by WHYFRAME on Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Read Next: <a href="https://www.benzinga.com/government/24/05/38781945/chuck-schumer-says-trump-might-be-hosting-dinners-for-big-oil-execs-but-ftc-should-side-with-consume?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Chuck Schumer Says Trump Might Be &#8216;Hosting Dinners For Big Oil Execs&#8217; But FTC Should Side With Consumers</a>
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BABA

RIVN

GameStop, AMC, Alibaba, Rivian, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Editor&#8217;s note: This story has been updated to remove an embedded tweet containing an offensive term. 
Keith Gill&#8216;s social media reappearance has pushed the GameStop stock 35% higher, but the buzz around a <a href="https://www.benzinga.com/news/24/05/38789552/are-meme-stocks-back-heres-whats-going-on-with-shares-of-gamestop-amc-entertainment-koss-corp-and-mo">comeback of meme stocks</a> pales compared to the 2,000% spike of the GameStop meme coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">GME</a>).
What Happened: The GameStop-inspired meme coin on Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) is trading at a market capitalization of $74 million compared to under $4 million less than 24 hours ago, according to DexScreener <a href="https://dexscreener.com/solana/9tz6vykibdlyx2rngwc5tesu4pyve4jd6tm56352ugte">data</a>. Gill has followed up his tweet that set the frenzy in motion with several new tweets.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://t.co/YgjVqtgcNS">pic.twitter.com/YgjVqtgcNS</a>
&mdash; Roaring Kitty (@TheRoaringKitty) <a href="https://twitter.com/TheRoaringKitty/status/1789807772542067105?ref_src=twsrc%5Etfw">May 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The resurgence attracted the likes and comments of notable traders, such as Hsaka, who <a href="https://twitter.com/HsakaTrades/status/1790015905381965891">acknowledged</a> the surge by tweeting &#8220;gm(e).&#8221;
The news even went beyond the cryptocurrency and stocks world, with controversial influencer Andrew Tate <a href="https://twitter.com/cobratate/status/1790023218138325159?s=46">saying</a> &#8220;Diamond Hands Until I've Stopped Breathing.&#8221; 
Also Read: <a href="https://www.benzinga.com/news/24/05/38764657/whats-going-on-with-gamestop-stock-is-roaring-kitty-active-again">What&#8217;s Going On With GameStop Stock: Is Roaring Kitty Active Again?</a>
Why It Matters: The GameStop meme coin peaked at close to $100 million in market capitalization In February, which sparked talks of whether it could come close to the valuation of the stock. 
That never materialized and the meme coin appeared to fall out of traders&#8217; sights, only for Gill&#8217;s reappearance to spike a surge in discussions about whether meme stocks are back for good. 
One commentator, in a humorous <a href="https://twitter.com/contrariandesk/status/1789974245868519871">tweet</a>, alluded that all the tactics from the book &#8220;Intelligent Investor&#8221; by Benjamin Graham may not be relevant anymore.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GME</a> is up 20% because Roaring Kitty posted a photo on X after 3 years of silence. <a href="https://t.co/1UsTV1BWQa">pic.twitter.com/1UsTV1BWQa</a>
&mdash; The Contrarian Desk (@contrariandesk) <a href="https://twitter.com/contrariandesk/status/1789974245868519871?ref_src=twsrc%5Etfw">May 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The surge of GameStop also prompted other Solana meme coins with company themes, such as AMC (AMC/SOL) and Reddit to spike 5,400% and 56%, respectively.
Meme coins are up 6.9% on the day with Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) trading 6% higher, while Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) surged by 10%. 
Dog-themed meme coins Dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>) and Bonk (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONK</a>) are also up 4%, respectively, while Floki Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>) spiked 7%.
What&#8217;s Next: The influence of meme coins and&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;are topics expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next: <a style="font-style: italic;" href="https://www.benzinga.com/general/education/24/05/38793704/who-is-roaring-kitty-why-does-his-return-to-social-media-matter-for-gamestop-stock">Who Is Roaring Kitty? Why Does His Return To Social Media Matter For GameStop Stock?</a>
Image: Shutterstock

$BONK

$FLOKI

$GME

$PEPE

$SHIB

$SOL

$WIF

GameStop Stock Pumps, But What About The GameStop Meme Coin? (UPDATED)

Nigel Farage, the former leader of the Brexit Party, has reportedly been offered a position in Donald Trump&#8216;s U.S. re-election campaign.
What Happened: Farage, who has been contemplating a new role in the U.S., disclosed during an interview with U.K. broadcaster Talk that he has received a &#8220;very firm job offer&#8221; from America. The role, though undisclosed, would see him playing a significant part in Trump&#8217;s election campaign, <a href="https://www.politico.eu/article/nigel-farage-gets-donald-trump-job-offer-us-election-campaign/">reported</a> Politico.
&#8220;It's a confidential offer, obviously, but it would be very heavily involved with the election campaign,&#8221; said Farage.
After stepping down from his populist Reform U.K. party in 2021, Farage has turned his attention to broadcasting, hosting a show on the right-leaning GB News. His political future has been a subject of conjecture in Westminster, with rumors of a possible return to lead the challenger party Reform.
See Also: <a href="https://www.benzinga.com/news/24/05/38776258/tesla-ceo-elon-musk-draws-parallel-between-netflixs-decision-to-focus-on-streaming-over-renting-dvds?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla CEO Elon Musk Draws Parallel Between Netflix&#8217;s Decision To Focus On Streaming Over Renting DVDs To</a>
Farage, known for his close ties with Trump and his frequent praise for him, clarified that the job offer was not for any diplomatic positions, such as the soon-to-be-vacant role of British ambassador to the U.S. Instead, it would &#8220;indirectly&#8221; support Trump&#8217;s campaign.
While Farage hasn&#8217;t dismissed a political comeback in the U.K., he admitted, &#8220;At the minute I'm leaning towards America.&#8221;
Why It Matters: Farage&#8217;s potential involvement in Trump&#8217;s campaign comes as no surprise, given his <a href="https://www.benzinga.com/general/politics/22/04/26492561/nigel-farage-wants-trump-back-on-twitter-says-musk-joining-board-is-a-step-in-the-right-directio">vocal support</a> for the former president.
In July 2023, Farage announced his plans to launch an initiative to tackle the issue of individuals being de-banked. Farage&#8217;s <a href="https://www.benzinga.com/markets/cryptocurrency/23/07/33437300/trump-supporter-nigel-farage-aims-to-tackle-de-banking-theres-solution-at-the-ready-bitcoi">proposed exercise</a> involves identifying the worst offenders among the banks.
Photo Courtesy: Lev Radin On Shutterstock.com
Read Next: <a href="https://www.benzinga.com/news/24/05/38782831/trumps-niece-says-michael-cohens-testimony-will-be-extraordinarily-challenging-for-ex-president-what?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Says Michael Cohen&#8217;s Testimony Will Be &#8216;Extraordinarily Challenging&#8217; For Ex-President: &#8216;What Will Rattle Him The Most Is…&#8217;</a>
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General

Nigel Farage, Brexit Champion, Discloses Confidential Job Offer From Donald Trump: 'Very Heavily Involved With The Election Campaign'

In recent news, Florida Governor Ron DeSantis has put an end to the circulating rumors about his wife, Casey DeSantis, potentially running for governor in the 2026 elections. As reported by <a href="https://www.politico.com/news/2024/05/13/casey-desantis-has-zero-interest-in-running-00157727">Politico</a>, the governor confirmed that his wife, a former television anchor and a key figure in his presidential campaign, has no interest in entering the political arena.
What Happened: At an event in Coral Gables, Governor DeSantis addressed the ongoing speculation about his wife&#8217;s political future. Despite public polls showing her leading other potential Republican candidates, Casey DeSantis is not interested in pursuing a political career. The governor attributed this to her firsthand experience of the challenges involved in politics.
&#8220;If I had to characterize her interest in getting into the political thicket as a candidate, I would characterize it as zero. But, you know, I think it's because she has had a front row seat on all the nonsense that goes on when you do it,&#8221; said DeSantis, according to the report.
Casey DeSantis, a cancer survivor and advocate for various initiatives, has been a significant influence during her husband&#8217;s tenure. However, insiders have confirmed that she has no intention of stepping into politics on her own.
See Also: <a href="https://www.benzinga.com/news/24/05/38776647/elon-musk-berates-gavin-newsom-after-california-governor-discloses-plans-to-cut-10-000-vacant-state?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Berates Gavin Newsom After California Governor Discloses Plans To Cut 10,000 Vacant State Jobs</a>
Why It Matters
In May 2023, Casey DeSantis released a video titled &#8220;America Is Worth the Fight,&#8221; <a href="https://www.benzinga.com/news/23/05/32544544/ron-desantis-wife-teases-video-of-governor-stepping-on-the-stage-for-presidential-bid-america-is-wor">offering a glimpse</a> into her husband&#8217;s 2024 presidential bid. However, Governor DeSantis suspended his campaign in January 2024, endorsing former President Donald Trump ahead of the New Hampshire Primaries.
Despite the suspension of his campaign, DeSantis remained a <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38507352/trump-meets-with-desantis-noem-stirs-up-controversy-how-will-republican-vice-president-bet">potential vice president candidate</a> for Trump&#8217;s 2024 election campaign.
Photo by The Old Major on Shutterstock
Read Next: <a href="https://www.benzinga.com/news/24/05/38782831/trumps-niece-says-michael-cohens-testimony-will-be-extraordinarily-challenging-for-ex-president-what?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Says Michael Cohen&#8217;s Testimony Will Be &#8216;Extraordinarily Challenging&#8217; For Ex-President: &#8216;What Will Rattle Him The Most Is…&#8217;</a>
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Ron DeSantis Ends Rumors About Wife Casey Running for Florida Governor: She Has 'Zero' Interest

In the latest development in the ongoing hush money trial, former President Donald Trump has publicly voiced his criticism of the presiding judge, following the testimony given by his former lawyer, Michael Cohen.
What Happened: Trump expressed his dissatisfaction with the New York judge overseeing his case. He made these remarks upon leaving the courtroom where Cohen had been testifying for several hours, <a href="https://thehill.com/regulation/court-battles/4661264-angry-trump-blasts-judge-cohen-testimony/">reported</a> The Hill.
Several elected officials, including Sen. JD Vance (R-Ohio), Sen. Tommy Tuberville (R-Ala.), and the attorney general of Iowa, were present at the courthouse. When asked about their presence, Trump stated, &#8220;They think it's a terrible thing that is happening to democracy in this country.&#8221;
Trump also read from a document for approximately five minutes, which included comments from Republican lawmakers, legal pundits, and cable television commentators who expressed doubts about the case or defended the former president.
The case against Trump pertains to allegations of falsifying 34 business records related to a $130,000 hush money payment Cohen made to a porn actor to prevent her from discussing an alleged affair with Trump during his 2016 campaign.
&#8220;It's really a very sad day for the country. It's sad for New York,&#8221; said Trump, according to the report. Despite a gag order prohibiting Trump from commenting on witnesses, he criticized the judge, labeling him &#8220;corrupt&#8221; and &#8220;highly conflicted&#8221;. He accused the judge of hindering his ability to campaign.
See Also: <a href="https://www.benzinga.com/news/24/05/38776647/elon-musk-berates-gavin-newsom-after-california-governor-discloses-plans-to-cut-10-000-vacant-state?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Berates Gavin Newsom After California Governor Discloses Plans To Cut 10,000 Vacant State Jobs</a>
Why It Matters: The hush money trial has been a significant event, with Trump facing criminal charges related to falsifying business records for the alleged hush money payments. On Monday, key witness Michael Cohen testified to his <a href="https://www.benzinga.com/general/politics/24/05/38803382/trumps-erstwhile-lawyer-testifies-to-former-presidents-involvement-in-hush-money-payment-dont-wo">involvement in making payments</a> to several parties in a hush money scheme that could help eliminate damaging stories that would hurt Trump in the 2016 election.
Earlier, Trump had lashed out at the trial, calling it &#8216;fake&#8217; and stating that he would be <a href="https://www.benzinga.com/general/politics/24/05/38771094/trump-lashes-out-at-fake-hush-money-criminal-trial-ahead-of-michael-cohens-monday-testimony-id-b">proud to go to jail</a> for the Constitution. The trial continues to unfold, with the latest developments adding to the controversy surrounding the former president.
Photo Courtesy: Shutterstock.com
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38753994/cardano-founder-charles-hoskinson-says-voting-for-biden-is-a-vote-against-american-crypto-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cardano Founder Charles Hoskinson Says Voting For Biden Is A &#8216;Vote Against American Crypto Industry&#8217;</a>
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One of the things that adds to both the joy as well as the cost of travel is hotel stays. Staying at a great hotel not only makes your travel enjoyable, it can also elevate your overall experience. However, often, a great hotel experience comes at a steep cost.
But following these top tips can help you get the best deals on hotels when traveling.
See Also: <a href="https://www.benzinga.com/general/travel/24/05/38633292/love-free-food-at-airports-these-five-credit-cards-unlock-airport-lounges-around-the-world">Love Free Food At Airports? These Five Credit Cards Unlock Airport Lounges Around The World</a>
<h3 class="wp-block-heading">1. Book Early</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10091945/Hotel-1-1024x585.jpg" alt="" class="wp-image-332536" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10091945/Hotel-1-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10091945/Hotel-1-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10091945/Hotel-1-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10091945/Hotel-1-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10091945/Hotel-1.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of a hotel &#x7C; Image generated using Dall-E</figcaption></figure>
One of the best ways to get the best prices on hotels (and flight tickets) is to book early. If you can plan ahead and reserve your booking early, hotels often offer much lower prices when compared to those who book just in time.
With that said, account for possible changes in your travel plans and look for hotels that offer refunds.
<h3 class="wp-block-heading">2. Use Hotel Booking Websites</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092014/Hotel-2-1024x585.jpg" alt="" class="wp-image-332538" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092014/Hotel-2-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092014/Hotel-2-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092014/Hotel-2-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092014/Hotel-2-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092014/Hotel-2.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of a hotel booking website &#x7C; Image generated using Dall-E</figcaption></figure>
Price comparison websites can help you evaluate the best hotels and rooms that suit your requirements and travel plans. Hotels also sell a part of their capacity to third parties at lower prices, who then pass on some of these benefits to customers.
Take advantage of these deals and score a healthy discount.
<h3 class="wp-block-heading">3. Register For Alerts On Discounts And Coupons</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092035/Hotel-3-1024x585.jpg" alt="" class="wp-image-332540" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092035/Hotel-3-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092035/Hotel-3-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092035/Hotel-3-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092035/Hotel-3-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092035/Hotel-3.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of hotel deals &#x7C; Image generated using Dall-E</figcaption></figure>
Hotels and third-party sellers often have discounts and limited-period coupons that they give to their subscribers or previous customers. If you are planning a hotel stay, these coupons can come in handy.
All it takes is for you to register using your email address. If you don't need these coupons, you can always delete those emails, but when you do need them, they are as good as free money.
<h3 class="wp-block-heading">4. Hotel Loyalty Programs</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092102/Hotel-4-1024x585.jpg" alt="" class="wp-image-332544" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092102/Hotel-4-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092102/Hotel-4-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092102/Hotel-4-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092102/Hotel-4-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092102/Hotel-4.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of a hotel loyalty program &#x7C; Image generated using Dall-E</figcaption></figure>
Many hotels offer loyalty programs to their customers. You can consider joining one since you can earn loyalty points every time you visit these hotels.
You can then redeem these points toward your future stays and also get free room upgrades here and there.
Some of these programs include Marriott Bonvoy, World of Hyatt, and Hilton Honors.
<h3 class="wp-block-heading">5. Try To Get Package Deals</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092129/Hotel-5-1024x585.jpg" alt="" class="wp-image-332546" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092129/Hotel-5-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092129/Hotel-5-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092129/Hotel-5-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092129/Hotel-5-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092129/Hotel-5.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of a package hotel deal &#x7C; Image generated using Dall-E</figcaption></figure>
When you're traveling to a new city or country, your hotel can often be the best place for you to be the most comfortable. Hotels understand this and offer package deals that can include benefits like food as well as travel services.
Since it's a package deal, your overall cost is likely to be lower than if you were to arrange for your own food and travel.
<h3 class="wp-block-heading">6. Look For Credit Card Reward Programs</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092147/Hotel-6-1024x585.jpg" alt="" class="wp-image-332549" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092147/Hotel-6-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092147/Hotel-6-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092147/Hotel-6-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092147/Hotel-6-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092147/Hotel-6.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of a credit card &#x7C; Image generated using Dall-E</figcaption></figure>
Credit card reward programs are another great way to save money while spending and traveling. You can check out our <a href="https://www.benzinga.com/general/travel/24/05/38633292/love-free-food-at-airports-these-five-credit-cards-unlock-airport-lounges-around-the-world">list of the best credit cards</a> you can apply for right now to start accumulating reward points and airline miles, to redeem them for discounts, and in many cases, free hotel stays.
Read Next: <a href="https://www.benzinga.com/general/entertainment/24/04/38335897/no-us-city-makes-the-cut-where-are-the-10-best-airports-in-the-world" target="_blank" rel="noreferrer noopener">No US City Makes The Cut! Where Are The 10 Best Airports In The World?</a>
Photo courtesy: Unsplash

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Save Big On Hotels: 6 Insider Tips For Scoring Best Hotel Deals While Traveling

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