Latest News for RTL Group Stock (OTC:RGLXF)

RTL Group SA is a broadcasting television company with interests in television channels, video-on-demand platforms, and radio stations. The company has three main areas of business: broadcast, content, and digital. Broadcast includes television and radio; content includes content production and distribution, and digital includes online video and advertisement technology. Business segments include Mediengruppe RTL Deutschland, Groupe M6, Fremantle, RTL Nederland, and Other segments. The company's business units operate in Europe, predominantly in Germany, France, and the Netherlands.

RTL Group SA

News

Magnachip Semiconductor Disclosed The Opening Of Magnachip Technology Company, Ltd. At Its Headquarters Located In Hefei, China

Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Sundar Pichai thinks that key AI rival, Sam Altman-led OpenAI, should be the one to answer if it violated YouTube's terms of service after it allegedly scraped over a million hours of videos to <a href="https://www.benzinga.com/news/24/02/37177366/openais-sam-altman-extremely-focused-on-making-agi-after-sora-ai-models-impressive-debut">train its AI model, Sora</a>.
What Happened: In an interview with <a href="https://www.cnbc.com/video/2024/05/14/alphabet-ceo-sundar-pichai-we-can-do-google-search-a-lot-better-with-generative-ai.html">CNBC</a>, Pichai was asked whether Google would consider taking legal action against Microsoft Corp.-backed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) OpenAI for allegedly violating its terms of service by using a large amount of YouTube data to train its AI model.
Pichai responded, &#8220;I think it&#8217;s a question for them to answer. I don&#8217;t have anything to add. We do have clear terms of service."
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"We engage with companies and make sure they understand our terms of service. And we will sort it out," he added.
When asked if Google was taking any steps to investigate whether OpenAI had breached its terms of service, Pichai said, &#8220;We have processes to do that. I&#8217;m not exactly familiar.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/05/38826439/at-google-io-2024-sundar-pichai-and-team-announces-new-gemini-models-project-astra-ai-fraud-protecti">At Google I/O 2024, Sundar Pichai And Team Announce New Gemini Models, Project Astra, AI Fraud Protection And More</a>
Why It Matters: The allegations against OpenAI stem from the use of over a million hours of YouTube videos to train its new video generation model, Sora.
In a previous interview, OpenAI&#8217;s CTO <a href="https://www.benzinga.com/news/24/03/37704187/is-openais-viral-ai-video-generator-sora-trained-on-youtube-and-instagram-cto-mira-murati-is-not-sur">Mira Murati refused to confirm</a> whether the lab used public videos from platforms of rival companies like Google and Meta Platforms Inc. to train Sora, leading to accusations of violating data protection laws.
<a href="https://www.benzinga.com/news/24/04/38104283/youtube-ceo-unsure-but-warns-clear-violation-if-openai-used-creators-hard-work-to-train-sora">The allegations</a> were further fueled by YouTube CEO Neal Mohan, who suggested that if OpenAI used YouTube videos to train Sora, it would be a &#8220;clear violation&#8221; of the platform&#8217;s policies.
OpenAI&#8217;s Sora has been under scrutiny since its debut, with <a href="https://www.benzinga.com/news/24/02/37209690/openai-soras-weaknesses-exposed-shortly-after-high-profile-debut-cat-sprouts-extra-leg-humans-arm-go">critics pointing out</a> several weaknesses in the AI model. If Google decides to pursue legal action against OpenAI, it could have implications for the future of AI development and data usage.
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: <a href="https://www.benzinga.com/news/24/05/38836944/meet-jakub-pachocki-openais-new-chief-scientist-following-ilya-sutskevers-exit-sam-altman-calls-him">Meet Jakub Pachocki, OpenAI&#8217;s New Chief Scientist After Ilya Sutskever&#8217;s Exit: Sam Altman Hails Him As &#8216;One Of The Greatest Minds Of Our Generation&#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.
Photo courtesy: World Economic Forum on Flickr

Tech

GOOG

GOOGL

MSFT

Will Google Sue OpenAI For Violating YouTube's Terms Of Service? Sundar Pichai Says 'It's A Question' For Sam Altman To Answer

Roth MKM analyst John White initiates coverage on Granite Ridge Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRNT#NYSE">GRNT</a>) with a Buy rating and announces Price Target of $8.8.

Price Target

Initiation

Analyst Ratings

GRNT

Roth MKM Initiates Coverage On Granite Ridge Resources with Buy Rating, Announces Price Target of $8.8

Needham analyst Scott Berg reiterates Thryv Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THRY#NASDAQ">THRY</a>) with a Buy and maintains $28 price target.

Reiteration

THRY

Needham Reiterates Buy on Thryv Holdings, Maintains $28 Price Target

Needham analyst David Saxon maintains Alcon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALC#NYSE">ALC</a>) with a Buy and raises the price target from $98 to $101.

Needham Maintains Buy on Alcon, Raises Price Target to $101

Needham analyst Serge Belanger reiterates Liquidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDA#NASDAQ">LQDA</a>) with a Buy and maintains $28 price target.

LQDA

Needham Reiterates Buy on Liquidia, Maintains $28 Price Target

Stifel analyst Stephen Willey downgrades Bolt Biotherapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOLT#NASDAQ">BOLT</a>) from Buy to Hold and lowers the price target from $6 to $1.5.

Downgrades

BOLT

Stifel Downgrades Bolt Biotherapeutics to Hold, Lowers Price Target to $1.5

CNBC&#8217;s Mad Money host&nbsp;Jim Cramer&nbsp;has poked more holes in the new meme stock rally led by&nbsp;GameStop Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) and&nbsp;AMC Entertainment Holdings, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) after speculating over the possible&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38815078/jim-cramer-bets-cash-strapped-amc-gamestop-may-issue-shares-to-capitalize-on-new-me" rel="noreferrer noopener">issue of additional shares</a>&nbsp;from both companies to shore up capital.
What Happened:&nbsp;&#8220;There&#8217;s no way these stocks should reach such elevated levels on their own merits,&#8221; Cramer said. He&nbsp;pointed out that GameStop&#8217;s market capitalization briefly reached $20 billion before settling around $15 billion.
&#8220;But people are buying and selling these stocks at these exotic levels.&nbsp;At&nbsp;the end of the day,&nbsp;it&#8217;s worth what they will pay for it,&#8221; he added.
Valuation Comparison:&nbsp;&#8220;I prefer to be a little bit more rigorous because I want something with staying power,&#8221; the Mad Money host said.
Cramer suggests comparing companies within the same industry to determine fair value.&nbsp;
He highlighted&nbsp;Best Buy, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>), with a $16 billion market cap (similar to GameStop&#8217;s peak), despite boasting significantly higher revenue ($43.5 billion compared to GameStop&#8217;s $5-$6 billion over the past four years).
See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/money/best-meme-stocks" rel="noreferrer noopener">Best Meme Stocks Right Now</a>
Sell GameStop, AMC Outlook Differs: Cramer strongly advises selling GameStop, stating, &#8220;I can&#8217;t see Gamestop trading at $64 or even $44. The&nbsp;responsible move is to sell, sell, sell.&#8221; However, he views AMC differently. He&nbsp;acknowledged GameStop&#8217;s&nbsp;stronger&nbsp;financial position, including a recent profit and a healthy balance sheet.
Cramer expressed concern about AMC&#8217;s heavy debt burden, particularly the $2.6 billion maturing in 2026. He&nbsp;noted their recent stock offering and warned of potential future dilution if the price keeps rising.&nbsp;&nbsp;
&#8220;If the stock keeps climbing, AMC can sell more stock,&#8221; he said. &#8220;In the end, it&#8217;s a dead man walking. You are catching AMC in the walking phase.&#8221;
&#8220;Sell it before the dead man fails&nbsp;and&nbsp;you will do just fine.&#8221;
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Price Action:&nbsp;Both stocks rose in premarket trading on Wednesday: GameStop by 2.42% to $49.93 and AMC by 1.61% to $6.96, according to&nbsp;<a href="https://benzinga.grsm.io/register174" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. This&nbsp;week has seen significant gains for both stocks (GameStop +179%, AMC +135%), with trading halts punctuating the rallies.
Read Next:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38836000/macro-guru-raoul-pal-says-fresh-gamestop-led-meme-stock-frenzy-has-nothing-to-do-wi" target="_blank" rel="noreferrer noopener">Macro Guru Raoul Pal Says Fresh GameStop-Led Meme Stock Frenzy Has Nothing To Do With Interest Rates</a>
Photo: Courtesy of Scott Beale on Flickr

Analyst Color

Equities

Media

Jim Cramer Can't See GameStop Trading At $64 Or Even $44, Warns Against Meme Stock Mania: 'Responsible Move Is To Sell, Sell, Sell'

Needham analyst Joshua Reilly reiterates Clear Secure (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YOU#NYSE">YOU</a>) with a Buy and maintains $40 price target.

Needham Reiterates Buy on Clear Secure, Maintains $40 Price Target

B. Riley Securities analyst Lucas Pipes downgrades A-Mark Precious Metals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMRK#NASDAQ">AMRK</a>) from Buy to Neutral and maintains the price target from $33 to $33.

AMRK

B. Riley Securities Downgrades A-Mark Precious Metals to Neutral, Maintains Price Target to $33

Needham analyst Mike Cikos reiterates Datadog (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>) with a Buy and maintains $165 price target.

DDOG

Needham Reiterates Buy on Datadog, Maintains $165 Price Target

Deutsche Bank analyst Peter Milliken reinstates Sea (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>) with a Hold and announces $60 price target.

Deutsche Bank Reinstates Hold on Sea, Announces $60 Price Target

Needham analyst Joshua Reilly reiterates Zuora (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZUO#NYSE">ZUO</a>) with a Buy and maintains $15 price target.

Needham Reiterates Buy on Zuora, Maintains $15 Price Target

Deutsche Bank analyst Chris Woronka downgrades Six Flags Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIX#NYSE">SIX</a>) from Buy to Hold and lowers the price target from $29 to $27.

Deutsche Bank Downgrades Six Flags Entertainment to Hold, Lowers Price Target to $27

Deutsche Bank analyst Bryan Keane downgrades Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) from Buy to Hold and lowers the price target from $409 to $295.

Deutsche Bank Downgrades Accenture to Hold, Lowers Price Target to $295

Needham analyst Laura Martin reiterates Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) with a Buy and maintains $205 price target.

AMZN

Needham Reiterates Buy on Amazon.com, Maintains $205 Price Target

Frank McCourt, Founder of Project Liberty and Executive Chairman of McCourt Global, today announced that Project Liberty is organizing a bid to acquire the popular social media platform TikTok in the U.S., with the goal of placing people and data empowerment at the center of the platform's design and purpose.
Working in consultation with Guggenheim Securities, the investment banking and capital markets business of Guggenheim Partners, and Kirkland &amp; Ellis, one of the world's largest law firms, as well as world-renowned technologists, academics, community leaders, parents and engaged citizens, this bid for TikTok offers an innovative, alternative vision for the platform's infrastructure – one that allows people to reclaim agency over their digital identities and data by proposing to migrate the platform to a new digital open-source protocol. In launching the bid, McCourt and his partners are seizing this opportunity to return control and value back into the hands of individuals and provide Americans with a meaningful voice, choice, and stake in the future of the web.