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NVDA

Microsoft-backed OpenAI is expanding its global presence with a new office in Dublin, Ireland. This follows the establishment of its first non-US office in London. OpenAI has also listed nine job openings in Ireland, indicating its plans to grow its team. The company joins other tech giants such as Meta Platforms, Alphabet, LinkedIn, and Apple in establishing a base in Ireland. OpenAI aims to generate over $1 billion in revenue over the next 12 months from selling AI software and computing capacity.

Portfolio Pulse from Anusuya Lahiri

September 14, 2023 | 11:56 am

GWAV

Greenwave Technology is developing an AI pricing engine for junk cars to optimize margins. The company plans to use its proprietary transaction data to train a large language model (LLM).

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 11:51 am

DPRO

Draganfly Inc. has received its first defense orders for its Commander 3 XL drone from the U.S. Military. The financial details of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 11:49 am

CVX

XOM

CrownRock, backed by billionaire Timothy Dunn, is reportedly preparing for a potential sale that could surpass $10 billion, marking a significant milestone in the U.S. oil and gas industry. The company has initiated discussions with investment banks to oversee the sale process. Oil industry giants like Exxon Mobil Corp and Chevron Corp are expected to be approached for the potential acquisition. The decision to explore a sale is driven by the recent upswing in oil prices and high demand for positions in the prosperous Permian basin, where CrownRock operates.

Portfolio Pulse from Vandana Singh

September 14, 2023 | 11:29 am

BTCUSD

MSTR

MicroStrategy Inc. CEO Michael Saylor has emphasized the need for Bitcoin as a solution to economic issues such as hyperinflation and reckless monetary policies. This comes in response to a post by Tucker Carlson, who highlighted these issues in Argentina. According to a report by Berenberg, MicroStrategy will soon be able to report its Bitcoin holdings quarterly without recognizing impairment losses in case the cryptocurrency’s price declines during the reporting period.

Portfolio Pulse from Mehab Qureshi

September 14, 2023 | 11:15 am

GLD

SPY

UUP

US markets ended mixed on Wednesday, September 13, reacting to higher-than-expected August inflation data. The annual inflation rate rose to 3.7%, surpassing market expectations of 3.6%. Most S&P 500 sectors ended positively, with utilities and consumer discretionary stocks posting the largest gains. Asian markets and European markets traded in green. Commodities saw mixed results, with Crude Oil and Natural Gas gaining, while Gold and Silver traded lower.

Portfolio Pulse from Akanksha Bakshi

September 14, 2023 | 10:26 am

LODE

Comstock Mining Inc. has completed the sale of its battery recycling facility, generating a realized gain of over $7 million.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 10:14 am

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has seen a 65% increase in its burn rate, with over 61 million of its tokens burned in the last 24 hours. This comes as Shiba Inu whales continue to accumulate SHIB tokens, indicating their growing interest in the digital asset at its current price. The net flow of tokens held by large holders has surged by 275% over the past week. Shiba Inu’s Shibarium announced a new partnership with the Italy-based fast food franchise, Welly.

Portfolio Pulse from Mehab Qureshi

September 14, 2023 | 7:44 am

MKL

Markel Group Inc. (NYSE:MKL) has announced plans to expand its insurance operation, Markel, in Australia by opening three new offices in Sydney, Melbourne, and Brisbane in September 2023. The company has also hired Rory Morison as the managing director of Markel's Australia operation.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 7:32 am

BTCUSD

Former Goldman Sachs executive Raoul Pal commented on the SEC's ongoing battles with the crypto industry, stating that the SEC is 'fighting a cultural movement'. This comes in response to a parody song criticizing the SEC's stance on categorizing NFTs and cryptocurrencies as securities. Meanwhile, the SEC has delayed decisions on spot bitcoin ETF applications filed by several companies, including BlackRock and WisdomTree, until October.

Portfolio Pulse from Mehab Qureshi

September 14, 2023 | 6:54 am