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NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang and Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) CEO Julie Sweet revealed details of their transformative partnership, in an announcement to reshape the landscape of artificial intelligence in business. The collaboration aims to deploy AI agents across corporations, potentially ushering in a <a href="https://www.benzinga.com/news/24/10/41152629/what-happened-with-accenture-stock-today">new era of digital productivity</a>.
What Happened:  Huang, known for his visionary leadership in the tech industry, described Accenture as a &#8220;transformer&#8221; in connecting Nvidia&#8217;s cutting-edge AI technology with real-world business applications. Huang and Sweet <a href="https://www.cnbc.com/video/2024/10/02/nvidia-ceo-jensen-huang-were-looking-at-the-beginning-of-the-next-wave-of-ai.html">appeared</a> together on CNBC&#8217;s Closing Bell Overtime
This partnership comes at a crucial juncture in AI development, as companies worldwide seek to harness the power of generative AI to boost efficiency and innovation.
&#8220;We&#8217;re seeing the beginning of the next and largest wave of AI, which is about companies around the world using AI to become more productive,&#8221; Huang explained. He highlighted the concept of AI as &#8220;digital employees&#8221; or &#8220;co-pilots,&#8221; terms that are gaining traction in the corporate world to describe AI-powered assistants designed to augment human capabilities.
The Nvidia chief outlined two key operating systems at the heart of this AI revolution:
<ol>
<li>Nemo: A system for large language models, forming the backbone of their AI factory work.</li>
<li>Omniverse: A platform that represents digital information in the realm of space and time.</li>
</ol>
These technologies, while powerful, require a bridge to connect them with practical business outcomes. This is where Accenture&#8217;s expertise comes into play.
Sweet shed light on Accenture&#8217;s role in this partnership, revealing the development of a new platform called AI Refinery. This innovative tool is designed to help customers build AI agents, co-pilots, and tools that can access proprietary information, perform tasks, and drive productivity.
To illustrate the potential of this collaboration, Sweet provided a compelling example from Accenture&#8217;s own operations. &#8220;We have a million square feet of manufacturing space where we produce customized automation robotics,&#8221; she said. By leveraging Nvidia&#8217;s AI Foundry and Omniverse technologies, Accenture has managed to reduce the design time for these customized robotic automations by an impressive 50%.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/41097541/amazon-apple-tesla-brace-for-supply-chain-disruptions-as-potential-east-coast-dockworkers-strike?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amazon, Apple, Tesla Brace For Supply Chain Disruptions As Potential East Coast Dockworkers Strike Nears</a>
Why It Matters: The collaboration between Nvidia and Accenture is poised to significantly impact the AI landscape. Recently, Accenture launched the <a href="https://www.benzinga.com/news/24/10/41152629/what-happened-with-accenture-stock-today">Accenture Nvidia Business Group</a>, training 30,000 professionals globally to help clients scale AI adoption. This initiative will integrate with other Accenture Business Groups to accelerate AI across the SaaS and Cloud AI ecosystem.
Nvidia AI leadership is expected to drive a $1 trillion market growth, as noted by Wedbush Securities&#8217; analyst Dan Ives. The collaboration aims to equip enterprises with the tools <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41151741/nvidias-ai-leadership-to-drive-1-trillion-market-growth-with-accenture-partnership-">needed to efficiently scale AI adoption</a>.
Additionally, Nvidia&#8217;s upcoming <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41149666/nvidias-blackwell-gpu-sets-new-ai-benchmark-with-over-100-system-configurations-ana">Blackwell GPU platform</a> is set to set new AI benchmarks, with over 100 system configurations. This development is expected to bolster Nvidia&#8217;s financials, as noted by JPMorgan analyst Harlan Sur.
Price Action: Nvidia stock closed at $118.85 on Wednesday, up 1.58% for the day. In after-hours trading, the stock increased further by 1.51%. Year to date, Nvidia has surged by an impressive 146.73%.
Meanwhile, Accenture ended the trading day at $356.29, up 1.22%. After hours, the stock rose an additional 2.30%. Year to date, Accenture has gained 2.70%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
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</ul>
Courtesy of Accenture Plc
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Jensen Huang On Transformative Partnership With Accenture: AI As 'Digital Employees' Will Revolutionize Productivity

Cathie Wood&#8217;s Ark Venture Fund&nbsp;has reportedly invested in&nbsp;OpenAI&#8217;s latest funding round, making it&nbsp;one of the largest in&nbsp;startup history.
What Happened: On Wednesday, Ark Venture Fund committed to investing a minimum of $250 million in OpenAI&#8217;s latest funding round, <a href="https://www.businessinsider.in/tech/news/cathie-woods-ark-is-doubling-down-on-openai-with-at-least-250-million-in-its-new-funding-round/articleshow/113884973.cms">reported</a> Business Insider, citing three people familiar with the round.
This marks Ark&#8217;s second investment in the AI firm which has made a new wave of generative AI technology since launching ChatGPT.
Previously in April also, Ark announced that it had <a href="https://www.benzinga.com/markets/mutual-funds/24/04/38213342/cathie-wood-ark-invest-announce-stake-in-openai-heres-how-you-can-get-exposure-to-chatgpt-pa">acquired a stake in OpenAI</a>, although it did not disclose the amount of the investment or the valuation it assigned to the company.
The Ark Venture Fund, which&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/22/02/25420755/ark-funds-launching-new-fund-that-could-invest-in-private-companies" target="_blank" rel="noreferrer noopener">launched in 2022</a>, has a history of investing in high-profile startups, including OpenAI&#8217;s competitors&nbsp;Anthropic, Elon Musk&#8217;s xAI and SpaceX, FigureAI, and&nbsp;Databricks.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/41108345/apples-satellite-messaging-feature-emerges-as-lifeline-after-hurricane-helene-leaves-thousands-witho?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple&#8217;s Satellite Messaging Feature Emerges As Lifeline After Hurricane Helene Leaves Thousands Without Cell Phone Service: Here&#8217;s How You Can Use It</a>
OpenAI&#8217;s latest funding round was reportedly led by Thrive Capital and has now reached a whopping $6.6 billion.
Other potential participants rumored to be involved include tech giants Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), which has already invested about $13 billion in the AI company over the last five years, Nvidia Corporation, and Altimeter.
Apple withdrew from the talks early, but <a href="https://www.benzinga.com/news/24/10/41134540/after-apple-reportedly-backed-out-softbank-eyes-500m-investment-in-chatgpt-parent-pushing-valuation">separate reports indicated</a> that Masayoshi Son-led SoftBank Group Corporation was considering stepping in.
Ark Invest did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comment.
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 valuation has skyrocketed to <a href="https://www.benzinga.com/news/24/10/41149788/openai-valuation-soars-to-157b-in-latest-funding-round">$157 billion in its latest funding</a> round. Despite <a href="https://www.benzinga.com/news/24/09/41059344/sam-altman-hits-back-at-trolls-after-mira-muratis-openai-exit-explains-executive-drain-as-natural-we">notable exits</a> from OpenAI and possible corporate restructuring, investors are still confident in the company&#8217;s capacity to advance AI technology.
Meanwhile, Amazon.com Inc. has launched a new AI chatbot named &#8220;Cedric,&#8221; designed to be <a href="https://www.benzinga.com/news/24/10/41136796/amazon-reportedly-urges-employees-to-use-in-house-ai-chatbot-safer-than-chatgpt">safer than ChatGPT created</a> by OpenAI for internal use.
Amazon has reportedly been wary of using third-party AI tools like ChatGPT due to security concerns. Earlier this year, the e-commerce giant implemented formal guidelines prohibiting the use of external AI tools for business purposes.
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>.
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

MSFT

Cathie Wood-Led Ark Venture Fund Agrees To Invest At Least $250M In OpenAI's Historic Funding Round, ChatGPT-Parent's Now Valued At $157B: Report

Billionaire entrepreneur Elon Musk has reportedly been secretly funding a conservative political group, Building America&#8217;s Future, for years. This comes before his public endorsement of former President Donald Trump&#8217;s re-election bid.
What Happened: Musk&#8217;s contributions to the right-wing organization started as early as 2022. These donations, reportedly in millions, have significantly empowered the group known for its criticism of the Biden administration and progressive political platforms, reported Reuters.
Building America&#8217;s Future, a non-profit 501(c)(4) group, is not obligated by federal law to disclose its financial backers. These organizations, often referred to as &#8220;dark money&#8221; groups, can support political causes without revealing the source of their funding.
Despite Musk&#8217;s previous public stance of not favoring either major U.S. political party, his donations to Building America&#8217;s Future indicate his financial support for right-wing causes. This revelation comes after Musk&#8217;s recent public endorsement of Trump and his announcement to finance a political action committee to work against Democrats.
Building America&#8217;s Future has been critical of the Biden administration on various issues, including illegal immigration, a topic frequently commented on by Musk. The organization also recently initiated a $10 million advertising campaign aimed at undermining Black support for Vice President Kamala Harris.
Musk, the founder of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), SpaceX, and the social media platform X, has seen his political leanings shift rightward in recent years. He has become an outspoken critic of the current administration and a strong opponent of identity politics.
See Also: <a href="https://www.benzinga.com/news/24/09/41083814/mark-cuban-warns-elon-musk-that-when-the-time-comes-he-needs-trump-the-most-he-will-find-out-the-tru?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Warns Elon Musk That When The Time Comes He Needs Trump The Most He Will Find Out The Truth: &#8216;His Loyalty Is Only To Himself&#8217;</a>
Why It Matters: Musk's financial support for Republican causes began earlier and was more extensive than previously known, <a href="https://www.wsj.com/politics/policy/elon-musk-political-donations-stephen-miller-desantis-39464294">reported</a> The Wall Street Journal. 
He quietly contributed tens of millions to groups linked to Trump aide Stephen Miller and Florida Governor Ron DeSantis's presidential campaign. Musk&#8217;s contributions, largely through anonymous channels, positioned him as a major donor to conservative causes, influencing U.S. politics despite a mixed track record in backing winning candidates.
Transgender issues hold personal significance for Musk, as his transgender daughter publicly severed ties with him in April 2022, just months before he financially supported Miller's group, noted the Journal.
Musk <a href="https://www.benzinga.com/news/22/11/29606000/elon-musk-says-hes-been-historically-independent-but-suggests-voting-for-republican-congress-ahead-o">emphasized his independent political stance</a> in November 2022, stating that while his historical party affiliation was independent, his voting record had been entirely Democrat until that year.
Musk&#8217;s political affiliations have been under scrutiny in recent years. In August, it was reported that a PAC established by Musk was <a href="https://www.benzinga.com/news/24/08/40147580/heres-how-an-elon-musk-backed-pac-harnesses-voter-data-to-support-donald-trump">using voter data</a> to favor Trump over Kamala Harris. Later that month, it was revealed that the PAC was <a href="https://www.benzinga.com/news/24/08/40154553/elon-musk-backed-america-pac-under-scrutiny-for-voter-data-collection-in-michigan-after-tesla-ceo-de">under investigation</a> for its voter data collection activities.
In September, Musk&#8217;s support for Trump was further highlighted when he was labeled an &#8216;outspoken&#8217; Trump supporter after a journalist was banned on X for <a href="https://www.benzinga.com/news/24/09/41078347/elon-musk-gets-labelled-as-an-outspoken-trump-supporter-after-journalist-gets-banned-on-x-for-publis">publishing leaked documents</a> related to Trump&#8217;s running mate.
This was followed by a <a href="https://www.benzinga.com/news/24/09/41083814/mark-cuban-warns-elon-musk-that-when-the-time-comes-he-needs-trump-the-most-he-will-find-out-the-tru">warning</a> from billionaire Mark Cuban to Musk about Trump&#8217;s loyalty, as reported by Benzinga.
Image via Shutterstock
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Politics

General

TSLA

Elon Musk's Earlier Independent Status In Doubt As Reports Surface Of Donations To Right-Wing Group That Supports Trump

Former President Donald Trump reaffirmed his pledge to commute the sentence of Ross Ulbricht, the creator of the online illegal drug marketplace Silk Road.
What happened: In a Truth Social Post Wednesday, the Republican presidential hopeful wrote, I will save Ross Ulbricht," in response to Ulbricht talking about the start of his 12th year in prison. 
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="610" height="587" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02212632/Screenshot-2024-10-03-at-10.26.08.png" alt="" class="wp-image-577613" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02212632/Screenshot-2024-10-03-at-10.26.08.png 610w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02212632/Screenshot-2024-10-03-at-10.26.08-300x289.png 300w" sizes="(max-width: 610px) 100vw, 610px" /></figure>
Screenshot From Donald Trump&#8217;s Account On Truth Social
Ulbricht has been serving a double life sentence since 2013 for his part in creating the infamous darknet website, which received roughly $1 billion in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) for the sale of heroin, cocaine, LSD, and other illegal drugs. The FBI shut down Silk Road shortly after Ross Ulbricht&#8217;s arrest.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41149446/crypto-whale-dumped-46-million-btc-as-geopolitical-tensions-rise-what-is-going-on">Crypto Whale Dumped $46 Million BTC As Geopolitical Tensions Rise: What Is Going On?</a>
The topic returned to the limelight earlier in March at the Libertarian National Convention when Trump vowed to commute Ulbricht's sentence if voted back to power.&nbsp;
"And if you vote for me, on Day One, I will commute the sentence of Ross Ulbricht,&#8221; he said.
Why It Matters: Trump&#8217;s remarks were seen as a bid to court Libertarian voters, who have <a href="https://www.lp.org/libertarian-party-calls-for-pardoning-of-ross-ulbricht/">long lobbied for Ulbricht&#8217;s release</a>.
It's one of the things we wanted from his first term," Katherine Yeniscavich, a national committee member of the party, said during the convention, as <a href="https://www.politico.com/news/2024/05/25/trump-commute-ross-ulbricht-sentence-libertarian-convention-00160025">reported </a>by Politico.
Meanwhile, in a bipartisan consensus, Trump, along with Democratic rival Kamala Harris, respective running mates Sen. JD Vance (R-Ohio.) and Minnesota Governor Tim Walz (D), <a href="https://www.benzinga.com/markets/cannabis/24/10/41149545/trump-harris-vance-and-walz-agree-on-this-end-cannabis-criminalization-in-florida">featured in an ad supporting marijuana legalization</a> in Florida.
Image via Shutterstock
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Trump Vows To 'Save' Silk Road Creator Ulbricht, Now 12 Years Into Sentence For Bitcoin-Fueled Dark Web Crimes

In a recent development, former House Speaker Nancy Pelosi (D-Calif.) has publicly criticized Sen. J.D. Vance&#8217;s (R-Ohio) comments on reproductive rights made during the <a href="https://www.benzinga.com/news/24/10/41134015/jd-vance-tim-walz-debate-sets-a-different-tone-candidates-discuss-israel-iran-escalation-immigration">vice presidential debate</a>. Pelosi dismissed Vance&#8217;s personal connection to the issue as &#8220;clever&#8221; but not &#8220;real&#8221;.
What Happened: In a conversation with CNN&#8217;s Dana Bash on Tuesday, Pelosi shared her thoughts on Vance&#8217;s remarks about a woman he knew who had an abortion. As reported by <a href="https://thehill.com/homenews/house/4912966-nancy-pelosi-jd-vance-reproductive-rights-vp-debate/">The Hill</a>, Pelosi stated, &#8220;I think that that was clever to use that personal connection, but it isn't real in terms of women having the right to make their own decisions and not politicians making their decisions for them.&#8221;
During the debate, Vance had spoken about his personal connection to the issue, saying, &#8220;I grew up in a working-class family in a neighborhood where I knew a lot of young women who had unplanned pregnancies and decided to terminate those pregnancies because they feel like they didn't have any other options.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/09/41108029/hillary-clinton-warns-harris-of-possible-october-surprise-that-could-dent-her-standing-with-the-publ?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Hillary Clinton Warns Harris Of Possible &#8216;October Surprise&#8217; That Could Dent Her Standing With The Public: Don&#8217;t Know What It&#8217;s Going To Be But &#8216;It Will Be Something&#8217;</a>
Pelosi also took a jab at the Trump-Vance ticket&#8217;s stance on a national abortion ban. &#8220;This administration is for an abortion ban — a national abortion ban — and when they say leave it up to the states, the states have their own abortion bans. We need to protect them by having Roe v. Wade be the national policy of our country,&#8221; Pelosi said.
Former President Donald Trump posted on Truth Social that he would veto a federal abortion ban, a topic that was discussed during the debate. He had previously refused to say whether he would do so.
Why It Matters: The issue of abortion has been a major point of contention in this election cycle, especially since this is the first presidential election since Roe v. Wade was overturned. 
Recent polling data from KFF shows that 61% of voters believe the outcome of this year&#8217;s presidential election will significantly impact access to abortion in the country. 
Vance and Democratic VP candidate Tim Walz clashed over the 2020 election results, with Vance <a href="https://www.benzinga.com/news/24/10/41134206/jd-vance-and-tim-walz-lock-horns-over-trumps-2020-election-defeat-jan-6-was-not-facebook-ads">sidestepping questions</a> about Trump&#8217;s loss. The debate covered key topics such as immigration, Israel, and the economy, with both candidates sharply criticizing each other&#8217;s policies.
Image via Shutterstock
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Nancy Pelosi Says JD Vance Was 'Clever' But Not 'Real' On Abortion During The Debate: They Are For A National Ban

Special Counsel Jack Smith has laid out the specifics of his election interference case against former President Donald Trump. This follows the Supreme Court&#8217;s ruling on presidential immunity, with the case focusing on Trump&#8217;s alleged efforts to overturn the 2020 election results.
What Happened: Smith&#8217;s 165-page filing was unsealed on Wednesday. The Supreme Court had previously ruled that former presidents retain immunity for official acts, but left it to U.S. District Judge Tanya Chutkan to decide if Trump&#8217;s actions are protected from prosecution, <a href="https://thehill.com/regulation/court-battles/4912579-jack-smith-trump-jan-6-immunity/">reported</a> The Hill.
Smith contended that Trump&#8217;s plan to overturn the election results was a &#8220;private criminal effort,&#8221; involving private individuals and his campaign infrastructure. The filing offers more insight into the evidence against Trump than the 45-page indictment disclosed last year.
Smith wrote, &#8220;When the defendant lost the 2020 presidential election, he resorted to crimes to try to stay in office. With private co-conspirators, the defendant launched a series of increasingly desperate plans to overturn the legitimate election results in seven states that he had lost.&#8221;
The document also uncovers new evidence of Trump&#8217;s attempts to sway election officials in crucial swing states. Trump&#8217;s spokesperson, Steven Cheung, dismissed the brief as &#8220;falsehood-ridden&#8221; and &#8220;unconstitutional.&#8221;
&#8220;President Trump is dominating, and the Radical Democrats throughout the Deep State are freaking out,&#8221; said&#8221; Cheung, according to the report.
See Also: <a href="https://www.benzinga.com/news/24/09/41083814/mark-cuban-warns-elon-musk-that-when-the-time-comes-he-needs-trump-the-most-he-will-find-out-the-tru?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Warns Elon Musk That When The Time Comes He Needs Trump The Most He Will Find Out The Truth: &#8216;His Loyalty Is Only To Himself&#8217;</a>
Why It Matters: This case has been evolving over time. In August 2024, <a href="https://www.benzinga.com/general/politics/24/08/40588095/trump-faces-revised-indictment-as-special-counsel-adjusts-charges-in-jan-6-case">Smith filed a revised indictment</a> against Trump in response to the Supreme Court's immunity ruling. The new indictment maintained all four original charges against Trump, excluding certain allegations related to Trump's alleged attempts to use the Justice Department to propagate his unsubstantiated claims of election fraud.
In December 2023, <a href="https://www.benzinga.com/news/23/12/36406071/jack-smith-moves-to-block-trumps-political-attacks-in-election-subversion-case">Smith sought to restrict Trump</a> from introducing certain evidence and making "political attacks" about his federal 2020 election subversion criminal prosecution. This was in anticipation of the trial scheduled for March 4.
The unsealing of Smith&#8217;s detailed filing is the latest step in this ongoing legal saga, shedding more light on the specifics of the case against the former president.
Image via Wikimedia Commons
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Jack Smith Makes Case Against Trump: 'He Resorted To Crimes To Try To Stay In Office' After Losing Elections — Ex President's Campaign Hits Back By Saying 'Radical Democrats...Are Freaking Out'

Elon Musk, the high-profile CEO of Tesla Inc. and the owner of X, applauded a court decision to block a <a href="https://www.benzinga.com/news/24/09/40912021/gavin-newsom-signs-laws-aimed-at-curbing-deepfakes-around-elections-critical-that-we-ensure-ai-is-no">California law</a> he deemed as infringing on freedom of speech.
What Happened: On Wednesday, Musk took to X to express his relief at the court&#8217;s decision. The law in question, signed by California Governor Gavin Newsom, aimed to curb the use of artificial intelligence in creating misleading political advertisements, specifically deepfakes. The law made it illegal to create and distribute such materials related to elections 120 days before Election Day and 60 days thereafter. The courts had the power to halt the distribution of such materials and impose civil penalties.
the enforcement of a California law that aimed to restrict the use of digitally manipulated political &#8220;deepfakes&#8221; has been blocked by a federal judge. The law had been enacted by Gov.Newsom only a fortnight ago, <a href="https://www.politico.com/news/2024/10/02/california-law-block-political-deepfakes-00182277">reported</a> Politico.
Senior U.S. District Judge John A. Mendez said that the law was a &#8220;blunt tool&#8221; that hindered humorous expression and unconstitutionally blocked the free exchange of ideas. However, the court made an exception for the &#8220;not unduly burdensome&#8221; part of the law that would necessitate verbal disclosure of digitally changed content in audio-only recordings.
The lawsuit against the state was filed by Chris Kohls, a social media influencer known as &#8220;Mr Reagan&#8221;, who sought to prevent the law&#8217;s enforcement, citing First Amendment protections for a parody video he had posted.
Theodore Frank, Kohls&#8217; attorney, expressed satisfaction with the court&#8217;s decision. On the other hand, Newsom&#8217;s spokesperson Izzy Gardon expressed confidence that the courts would uphold California&#8217;s ability to regulate deepfakes, arguing that the law was in line with similar measures passed in other states.
<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">California's unconstitutional law infringing on your freedom of speech has been blocked by the court. Yay! <a href="https://t.co/dRihErTsJ9">https://t.co/dRihErTsJ9</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1841632709895987519?ref_src=twsrc%5Etfw">October 3, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/24/10/41113339/elon-musk-resumes-slamming-fccs-decision-to-deny-starlink-885m-subsidy-after-fema-sends-its-terminal?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Resumes Slamming FCC&#8217;s Decision To Deny Starlink $885M Subsidy After FEMA Sends Its Terminals T</a>
Why It Matters: This court decision comes in the wake of an escalating feud between Musk and Newsom. The dispute began when Newsom signed the stringent law banning political deepfakes. Musk, known for his active social media presence and use of memes, had fired back at Newsom&#8217;s threat of legal action, calling it an infringement on his freedom of speech. This latest court decision appears to be a victory for Musk in this ongoing battle.
Musk <a href="https://www.benzinga.com/news/24/09/40968413/elon-musk-reacts-after-cathie-wood-labels-gavin-newsoms-threat-to-sue-tesla-ceo-over-memes-unconstit">criticized Newsom</a> after the governor signed laws banning political deepfakes, accusing him of trying to outlaw parody. Newsom denied any intent to suppress parodies, clarifying that the laws target deepfakes and election manipulation. Musk dismissed Newsom&#8217;s legal threats as &#8220;amazing&#8221; on social media.
Check out more of Benzinga's Consumer Tech coverage by following this link.
Image via Shutterstock
Did You Know?
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Tech

Elon Musk Can't Contain His Joy After California Deepfakes Law Supported By Gavin Newsom Blocked By Court: 'Yay!'

CETX

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UPXI

The head-to-head battle between Donald Trump and Vice President Kamala Harris could come down to seven key swing states for the winner of the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
New election polls show Harris might be in trouble in several key swing states.
What Happened: While most election polls <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40993290/trump-vs-harris-2024-election-betting-odds-show-vice-president-maintains-lead-as-race-near">and betting odds</a> show Harris with a lead over Trump, swing state polls may paint a different picture.
New swing state polls from Emerson College show Harris trailing or tied with Trump in key battleground territories.
In a <a href="https://emersoncollegepolling.com/september-2024-pennsylvania-poll-trump-48-harris-48/">poll </a>of Pennsylvania voters, Trump and Harris are tied at 48% each. One of the sticking factors could be the economy with 51% of voters saying they believe Trump is the better candidate for their personal financial situation, compared to 44% who picked Harris.
In the poll, the economy was listed as the top issue for the 2024 election at 50%. Sixty percent of voters said they believe their economic situation is worse today than five years ago.
In a <a href="https://emersoncollegepolling.com/september-2024-arizona-and-north-carolina-polls-harris-and-trump-neck-and-neck-in-key-swing-states/">poll </a>of Arizona voters, Trump leads with 50% of the vote with Harris having 47% of the vote.
Similar to other states, the economy is the top issue for Arizona voters. Of those polled, 53% said they believe Trump will be better for their personal finances.
In a poll of North Carolina voters, Trump leads with 49% of the vote with Harris having 48% of the vote.
In North Carolina, the economy is the top voter issue for the 2024 election. Fifty-one percent of voters said they believe Trump would be better for their personal finances.
Did You Know?
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent100224">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Arizona, North Carolina and Pennsylvania are three of the key<a href="https://www.benzinga.com/topic/swing-states"> seven swing states </a>that could decide the 2024 presidential election and have 11, 16 and 19 electoral college votes, respectively.
With the other four swing states of Georgia, Michigan, Nevada and Wisconsin, the seven states represent 93 electoral college votes.
The state of Arizona voted Democrat in 2020. The only other time it did so was in 1996 with Bill Clinton winning — ending the streak of the state voting for the Republican candidate since 1952.
The state of North Carolina voted for a Republican candidate in the past three presidential elections. In 10 of the past 12 elections, the state has voted for a Republican presidential candidate.
Pennsylvania could prove to be a troublesome state for Harris based on the latest poll that shows she is tied with Trump. Pennsylvania voted for a Democrat in 2020 after flipping the state back from a Republican in 2016. In seven of the past eight elections and eight of the past 12, Pennsylvania has voted for a Democrat candidate for president. (The Republican candidate won in 1980, 1984 and 1988.)
President Joe Biden won the 2020 election as he was able to flip several swing states from red to blue. Harris will need to hold onto several of the key swing states to win the 2024 election. The latest poll shows that Trump may be in a good position to once again become president of the U.S.
Check This Out:
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<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent100224">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Photo: Gguy via Shutterstock

Harris In Trouble: Vice President Trails Trump In Two Key Swing States, Tied In State That Has Voted For A Democrat 7 Of Last 8 Elections

IMRN

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Ohio's recreational marijuana industry is gaining momentum, with sales reaching $76.3 million as of the end of September. When recreational cannabis shops <a href="https://www.benzinga.com/markets/cannabis/24/08/40172821/its-official-ohio-begins-recreational-cannabis-sales-on-tuesday-heres-where-and-how-you-know-the">officially opened their doors </a>this past Aug. 6, sales <a href="https://www.benzinga.com/markets/cannabis/24/08/40492614/smoke-much-weed-ohio-38-5m-in-first-two-weeks-of-adult-use-sales-including-medical-marijuana">zoomed to over $22.5 million</a> in the first 12 days with medical marijuana contributing an additional $16 million.
In under two months, Ohio's legal weed market has moved over 8,813 pounds of plant materials and 1.2 million units of manufactured products through the state's 124 dual-use dispensaries that cater to both medical and recreational customers.
<h1 class="wp-block-heading">Neighboring Michigan: A Well-Established Competitor</h1>
Though Ohio's market is moving right along after last <a href="https://www.benzinga.com/markets/cannabis/23/11/35664155/ohio-legalizes-cannabis-and-overwhelmingly-approves-abortion-rights">November's legalization vote</a>, Michigan's industry is chugging ahead even faster. Recreational marijuana sales, which began there in 2019 have continued to rise despite Ohio's legalization. In August, for example, Michigan's total cannabis sales <a href="https://www.benzinga.com/markets/cannabis/24/09/40831750/cannabis-sales-in-michigan-soar-to-295-4m-for-a-recording-breaking-august">hit a record-breaking $295.4 million</a> essentially indicating that weed vendors are retaining customers despite new competition from Ohio.
Why? "Frankly, it is still worth it for me to drive to Michigan to buy cannabis," one Ohioan from a Cleveland suburb told Benzinga. "Marijuana prices here [in Ohio] are still much higher than in Michigan. So it&#8217;s cheaper even after I pay for gas to drive both ways. "
Zach Gergich, a representative from Nectar, a dispensary in the college town of Bowling Green, Ohio, expressed optimism about Ohio's potential.
"We're five-to-10 times busier here depending on the day," Gergich <a href="https://www.13abc.com/2024/09/25/recreational-marijuana-sales-increasing-michigan-ohio/">told</a> 23ABC. "We've been crushing it up here."
Sales numbers, however, show that Ohio weed shops are not exactly crushing their competitors on the other side of the state line.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40742561/ohios-cannabis-sales-reach-44m-as-new-customers-just-keep-coming-and-demand-is-not-slowing">Ohio&#8217;s Cannabis Sales Reach $44M As New Customers Just Keep Coming And Demand Is Not Slowing</a>
<h1 class="wp-block-heading">Plenty Of Weed Money To Go Around In Both States</h1>
While Ohio's fledgling market is showing promise, Michigan's resilience suggests it won't be easy for the Buckeye State to overtake its northern neighbor anytime soon. Although for now, both states seem to have plenty of demand to meet.
"I think it's only going to get more competitive. We'll see, you know, more licenses pop up for growers and processors and stuff like that," Gergich said. "So obviously more there, more of them, you know, prices should start we hopefully should see them fall a little bit and kind of get more competitive in that range."
Now Read: 
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<li><a href="https://www.benzinga.com/markets/cannabis/24/10/41149545/trump-harris-vance-and-walz-agree-on-this-end-cannabis-criminalization-in-florida">Trump, Harris, Vance And Walz Agree On This: End Cannabis Criminalization In Florida</a></li>
</ul>

This image was created using artificial intelligence.

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Ohio Cannabis Market Soars To $76M In Less Than 2 Months But Michigan Remains The Leader

The Application was submitted on July 19, 2024, and passed the initial FDA Administrative Review. The FDA informed the Company that the FDA placed the Application on hold pending a complete response to the AIR.
The FDA has informed the Company that the Company has 180 days from the date of the AIR to provide a complete response to the AIR or the FDA will consider the Application withdrawn.
As the Company works to respond to the AIR, the Company, in parallel, will pursue a submission for its active modality with Outside the United States (&quot;OUS&quot;) clinical data as it continues to work through the AIR for its semi-active system.

MGRM

Monogram Technologies Receives Additional Information Request From FDA On September 30, 2024, Regarding Its 510(K) Premarket Filing Submission For mBôs TKA System

B of A Securities analyst Kevin Fischbeck downgrades Humana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) from Neutral to Underperform and lowers the price target from $376 to $247.

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B of A Securities Downgrades Humana to Underperform, Lowers Price Target to $247

UMH Properties Expects Effects Of Hurricane Helene Storm Not To Have Material Impact On Its Operations Or Financial Results

As the curtain rises on the iPhone 16 Series, Apple enthusiasts are buzzing with anticipation. However, JPMorgan analyst Samik Chatterjee suggests that while the hype is palpable, the initial momentum for high-end models appears muted compared <a href="https://www.benzinga.com/quote/AAPL/news">to past launches</a>. 
<h2 class="wp-block-heading">iPhone 16: &#8216;Launch Lacking Early Momentum&#8217;</h2>
Chatterjee highlights that the rollout has faced a slight hiccup, primarily due to the unavailability of AI capabilities, which seems to be causing a pause among potential buyers.
In Chatterjee&#8217;s latest insights, he points out, "Early signs are indicating a robust product cycle; albeit, with the launch lacking early momentum for the high-end models." This may prompt consumers to hold off on their purchases until they can fully grasp the AI value proposition. 
As a result, JPMorgan has adjusted its near-term iPhone unit forecast, now estimating about 126 million iPhones sold in the second half of 2024, down from 130 million previously.
Read Also: <a href="https://www.benzinga.com/news/24/10/41146507/apples-iphone-16-series-leads-growth-but-high-end-model-preference-declines-analyst">Apple&#8217;s iPhone 16 Series Leads Growth, But High-End Model Preference Declines: Analyst</a>
<h2 class="wp-block-heading">Medium-Term Prospects Are Bullish, Says Apple Analyst</h2>
Despite these short-term adjustments, Chatterjee maintains a bullish outlook on the medium-term prospects for Apple. He asserts, "We continue to forecast aggregate volumes for the 16 Series over the next four quarters to track ahead of both the 15 and 14 Series," indicating a confidence that consumer appetite for AI-integrated features will ramp up once they become widely available.
<h2 class="wp-block-heading">Long-Term Upside Is Evident</h2>
The analyst's enthusiasm for the long-term potential is underpinned by expectations of a robust AI upgrade cycle. "We see upside in several aspects of the business&#8230; transformation of the company to Services, growth in the installed base, technology leadership, and optionality around capital deployment," he said
With this optimism, JPMorgan reiterates its price target for Apple at $265 by December 2025.
Investors might feel a pinch in the near term, as the excitement around AI upgrades may not translate into immediate sales.
But, as Chatterjee aptly puts it, "The slower start to the AI cycle than originally anticipated" is just a temporary roadblock to growth. The real treasure, he believes, lies just beyond the horizon as Apple continues to evolve and innovate.
While the iPhone 16 Series may not be breaking records just yet, the groundwork for a significant AI upgrade cycle is being laid, promising a future where Apple once again dazzles its fans and investors alike.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/asia/24/10/41141152/cramer-says-hot-money-flowing-from-nvidia-apple-into-china-focus-on-alibaba-if-you-must">Cramer Says &#8216;Hot Money&#8217; Flowing From Nvidia, Apple Into China, Focus On Alibaba &#8216;If You Must&#8217;</a></li>
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Photo: Shutterstock

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AAPL

Apple Analyst Signals 'Slower Start To The AI Cycle' As iPhone 16 Demand Softens

Consumer Reports recently reviewed the Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Cybertruck and shared its likes and dislikes about the electric pickup truck that began consumer deliveries <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/11/36032944/cybertruck-delivery-event-elon-musk-highlights-teslas-best-product-says-finally-the">in November 2023.</a>
What Happened: Known for its unique design, the Cybertruck has<a href="https://www.benzinga.com/general/entertainment/24/03/37852639/tesla-cybertruck-the-new-celebrity-fashion-accessory-steve-aoki-big-sean-latest-to-own-ev"> attracted demand from celebrities</a> and fans of Tesla vehicles and CEO Elon Musk.
The vehicle has also sold well compared to other electric pickup trucks on the market, even though it has a higher price point than some.
In its review <a href="https://www.youtube.com/watch?v=Q49hsOZKKxU" target="_blank" rel="noopener">video</a>, Consumer Reports reviewer Alex Knizek points to steering as one of the features he liked the least about the Cybertruck. Knizek also said he disliked engaging the turn signal, which removed the rearview camera and replaced it with a blind spot camera.
The reviewer said one of his favorite parts is the giant windshield wiper. Knizek also highlighted that driving the Cybertruck was met with peace signs and thumbs up from nearby people, and the vehicle generated strong reactions that were mostly positive.
The Cybertruck&#8217;s review on the Consumer Reports <a href="https://www.consumerreports.org/cars/tesla/cybertruck/2024/road-test-report/#pagestop" target="_blank" rel="noopener">website </a>includes sections on power and braking, ride and handling, front visibility, comfort, and bed storage.
Speaking of the six-foot bed in the review video, Knizek said the Cybertruck is "even a pretty decent pickup truck."
The website review highlights several drawbacks of the Cybertruck, including limited visibility aside from the front, steering issues, camera performance, difficulty with cleaning, challenges in the delivery process, the price point, and the "usual Tesla shenanigans."
Did You Know?
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent100224">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Most of the Cybertruck reviews to date have come from Tesla fans and influencers who waited a long time to get their hands on the vehicle. Many of these reviewers may already be fans of Tesla vehicles and slightly biased.
Consumer Reports is well-known for its reviews, and its mixed reviews of the Cybertruck may come off as positive for the Tesla electric pickup truck.
The review highlighted several features,, including Tesla&#8217;s technological advancements and how the Cybertruck still holds its own as a pickup truck despite what some consider a look that is anything but a truck.
TSLA Price Action: Tesla shares were down 3.4% to $249.02 on Wednesday, versus a 52-week trading range of $138.80 to $271.00. Tesla stock is trading nearly flat year-to-date in 2024.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41145803/tesla-q3-deliveries-step-in-the-right-direction-analyst-says-more-heavy-lifting-nee">Tesla Q3 Deliveries &#8216;Step In The Right Direction&#8217;: Analyst Says More &#8216;Heavy Lifting&#8217; Needed From Elon Musk To Turn Growth Story Around</a></li>
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Photo courtesy of Tesla.

Tesla Cybertruck Is 'Pretty Decent Pickup Truck': Consumer Reports Review

Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) has outperformed the market over the past 10 years by 3.94% on an annualized basis producing an average annual return of 15.34%. Currently, Ciena has a market capitalization of $9.48 billion. 
Buying $1000 In CIEN: If an investor had bought $1000 of CIEN stock 10 years ago, it would be worth $4,062.77 today based on a price of $66.00 for CIEN at the time of writing.
<h3>Ciena's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727905022_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CIEN

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $4,100 Today

Accenture Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) shares moved higher Wednesday after the company announced it expanded its partnership with NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) to launch the <a href="https://www.benzinga.com/markets/equities/24/10/41142895/accenture-and-nvidia-team-up-to-supercharge-global-ai-adoption-details">Accenture NVIDIA Business Group. </a>
The Details: Accenture said the new Accenture Nvidia Business Group launched with 30,000 professionals receiving <a href="https://www.benzinga.com/pressreleases/24/10/b41138752/accenture-and-nvidia-lead-enterprises-into-era-of-ai">training globally</a> to help clients scale enterprise AI adoption with AI agents using Accenture&#8217;s AI Refinery developed on the NVIDIA AI stack.&nbsp;
The Accenture AI Refinery will be available on all public and private cloud platforms and will integrate with other Accenture Business Groups to accelerate AI across the SaaS and Cloud AI ecosystem.
Read Next: <a href="https://www.benzinga.com/news/24/10/41129365/what-happened-with-rivian-stock-today">What Happened With Rivian Stock Today?</a>
Wedbush tech analyst Dan Ives <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41151741/nvidias-ai-leadership-to-drive-1-trillion-market-growth-with-accenture-partnership-">cheered the new venture</a>, describing it as &#8220;the tip of the iceberg on the broader AI Revolution and demand adoption into 2025 and beyond.&#8221;
Ives also mentioned both companies <a href="https://x.com/DivesTech/status/1841495758047952990">in a post </a>on the social media platform X in which he described the partnership as the "AI Revolution taking hold."&nbsp;
Accenture shares are moving higher in Wednesday's extended trading after its CEO Julie Sweet and Nvidia CEO Jensen Huang appeared together on CNBC's Closing Bell Overtime program.&nbsp;
ACN Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Accenture shares are up 2.15% after-hours at $363.96 after climbing 1.20% in Wednesday's regular trading session.&nbsp;
Read Also:
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</ul>
Photo: Courtesy of Accenture Plc

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There was no serious damage to equipment and both facilities are resuming operations.

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Toyota makes another $500M investment in Joby Aviation

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Analyst Amit Dayal of H.C. Wainwright maintained a Buy rating on Joby Aviation (JOBY – Research Report), retaining the price target of $9.00. Amit ...

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The stock of electric vehicle start-up Joby Aviation ($JOBY) is up 30% on news that the company has received a $500 million investment from Toyota ...

Joby Aviation (NYSE:JOBY) Stock Rises 30% on New Investment

Analyst Edison Yu of Deutsche Bank maintained a Sell rating on Joby Aviation (JOBY – Research Report), retaining the price target of $4.00. Edison ...

Analyst Maintains Sell Rating on Joby Aviation Amid Financial and Capital Concerns

Joby Aviation (JOBY – Research Report), the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Kristine Liwag from M...

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New Horizon Aircraft (NASDAQ: HOVR) Announces Key Technical Updates On Development Of eVTOL Prototype

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New Horizon Aircraft Report Findings: 96% Of Professional Investors Are Keeping An Eye On Transport Of The Future As Companies Advance eVTOL Technology

Press Releases

Joby Acquires Xwing Autonomy Division, Looks Ahead to Autonomous Flight

Joby Announces 'ElevateOS' Software Suite for Air Taxi Operations

Joby Demonstrates Potential for Emissions-Free Regional Journeys With Landmark 523-Mile Hydrogen-Electric Flight

Joby Aviation to Report Second Quarter 2024 Financial Results

Joby Applies for Aircraft Certification in Australia

Joby Rolls Third Aircraft Off Production Line, Reports Second Quarter 2024 Financial Results

Joby Demonstrates Autonomous Flight in United States Air Force 'Agile Flag' Exercise

Joby Applies to Become First Certified Electric Air Taxi Operator in UAE

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Toyota To Invest $500 Million in Joby Aviation

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