Streetbeat News

Partnerships

KD

RBRK

Kyndryl (NYSE: KD) and Rubrik (NYSE: RBRK) have announced a global strategic alliance to offer cyber incident recovery services, enhancing cyber resilience for customers. This partnership includes the launch of Kyndryl Incident Recovery with Rubrik, a managed service aimed at reducing the impact of cyber incidents, data loss, and disaster recovery for cloud and on-premises workloads. The service focuses on decreasing system downtime, reducing IT costs, and meeting rigorous cyber recovery regulations.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:10 pm

BCOV

Brightcove (NASDAQ:BCOV) has integrated Amazon Q Business, a generative AI assistant from Amazon Web Services (AWS), to enhance its customer service efficiency and quality. This AI-powered chatbot, named 'Brightcove Expert Bot,' is designed to streamline customer support processes, enabling quicker and more effective solutions for technical cases and support requests. The adoption of Amazon Q represents a significant step in Brightcove's commitment to innovation and leveraging AI to improve internal operations and customer-facing workflows.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:09 pm

FAT

SIX

FAT Brands Inc. is expanding its partnership with Six Flags by introducing Hurricane Grill & Wings to Six Flags Great Escape Lodge in Queensbury, New York. This marks the third FAT Brands' restaurant concept to enter Six Flags properties, following Fatburger and Johnny Rockets. The new location represents FAT Brands' commitment to growth in non-traditional venues and expands Hurricane Grill & Wings' presence in New York state.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:07 pm

CHH

Choice Hotels International, Inc. (NYSE:CHH) announced the relaunch of Park Inn by Radisson during its 68th Annual Convention. This move, following the acquisition of Radisson Hotels Americas in 2022, aims to reposition Park Inn into the premium value conversion space, targeting younger, value-conscious travelers. The relaunch emphasizes a guest experience filled with color, connectivity, and convenience, offering features like fast Wi-Fi, smoke-free environments, and grab & go breakfast options. The first contract under the relaunched brand has been awarded in San Antonio, Texas, with high interest for future expansion. Choice Hotels now leverages its global reservation channels and franchisee support for the Radisson Hotels Americas brands, enhancing digital traffic and bookings while reducing OTA fees. Park Inn by Radisson will also integrate into the Choice Privileges rewards program, offering points that can be redeemed at over 7,000 Choice-branded hotels.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:06 pm

TDC

Teradata has renewed and expanded its Strategic Collaboration Agreement with AWS to support cloud migration, data analytic ecosystem modernization, and AI opportunities for customers. This collaboration will leverage AWS services like Amazon SageMaker and Teradata VantageCloud, aiming to provide fast, flexible cloud access, simplified cloud platform access through AWS Marketplace, and industry-specific solutions for impactful business outcomes. The partnership also focuses on developing generative AI analytics use cases, with Teradata VantageCloud integrating with Amazon Bedrock for enterprise-grade AI applications.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:06 pm

BOTZ

GOOG

NVDA

SMH

TSLA

Nvidia Corp is enhancing its ChatRTX chatbot by integrating advanced AI models from Google and OpenAI, expanding its capabilities for RTX GPU owners. The update includes models like Google's Gemma and OpenAI's CLIP, improving functionalities such as photo search. Nvidia's move comes as it aims to dominate the accelerator market, with its stock rising over 194% in the last year. Tesla Inc is reported to be competing to become Nvidia's prime client for H100 chips, while investors can also gain exposure to Nvidia through ETFs like VanEck Semiconductor ETF and Global X Robotics & Artificial Intelligence ETF.

Portfolio Pulse from Anusuya Lahiri

May 02, 2024 | 1:06 pm

SYF

Synchrony (NYSE:SYF) has renewed its partnership with Affordable Care, LLC to continue offering its CareCredit health and wellness credit card as a payment option in over 450 dental practices across 43 states. This partnership aims to make dental care more accessible by providing special financing options for dental implants and dentures, addressing the concern that 58% of people find dental care unaffordable. CareCredit, endorsed by major dental associations, is accepted at over 266,000 healthcare locations and offers tools to educate patients on financing dental care.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:05 pm

QLYS

Qualys, Inc. (NASDAQ:QLYS) announced the launch of its Managed Security Services Partner (MSSP) Portal, designed to streamline partner operations and enhance client acquisition and growth. The portal offers a unified platform for managing client, subscription, and security services, aiming to improve operational efficiencies, increase revenue opportunities, and improve operating margins. With nearly 50 partners already onboarded, the portal addresses the growing demand for MSSPs by simplifying authentication processes, licensing, and user management. The MSSP market is expected to reach $68.3 billion by 2028.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:05 pm

FPX

MILN

UBER

Uber Technologies, Inc (NYSE:UBER) faces a lawsuit from over 10,500 London black-cab drivers, claiming $312.90 million in damages for unlawfully securing a license in 2012, leading to business loss for traditional taxi operators. Despite past controversies, including a license renewal refusal in 2017 and a reclassification of UK drivers in 2021, Uber plans to integrate black cabs into its platform by 2024. Analysts remain optimistic about Uber's growth, considering it undervalued with superior bookings and EBITDA growth. Uber's stock has gained 86% in the last 12 months, and it is featured in the First Trust US Equity Opportunities ETF (NYSE:FPX) and Global X Millennial Consumer ETF (NASDAQ:MILN).

Portfolio Pulse from Anusuya Lahiri

May 02, 2024 | 1:03 pm

NUWE

Nuwellis, Inc. (NASDAQ:NUWE) has received a Notice of Allowance from the U.S. Patent and Trademark Office for a patent application related to its pediatric Continuous Renal Replacement Therapy (CRRT) device, Vivian™. This patent enhances Nuwellis' intellectual property portfolio and supports the development of technology aimed at improving treatment for critically ill children. The technology allows for seamless switching between stationary and mobile operation modes, enhancing patient mobility. The development of a new pediatric CRRT device is underway, funded partly by a $1.7 million NIH grant, in collaboration with Koronis Biomedical Technologies Corporation.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:02 pm