Streetbeat News

Partnerships

AVGO

MRVL

JPMorgan analyst Harlan Sur highlights Broadcom (AVGO) and Marvell (MRVL) as key beneficiaries of increased AI infrastructure spending by tech giants like Microsoft (MSFT), Alphabet (GOOG/GOOGL), and Meta (META). These companies are investing heavily in GPUs, custom AI compute processors (ASICs), and networking infrastructure, benefiting chip manufacturers. Broadcom's collaboration with Meta and Google on custom silicon chips and Marvell's involvement with Microsoft's next-gen AI processor ASIC indicate significant revenue opportunities for both companies.

Portfolio Pulse from Surbhi Jain

April 29, 2024 | 12:28 pm

LPTV

RDNT

Loop Media, Inc. (LPTV) has been selected by RadNet, Inc. (RDNT) to provide ad sales services, branded channels, and customized signage for RadNet's RadNetTV Channel across its 366 imaging centers. This partnership aims to leverage Loop Media's technology and ad tech stack to deliver programmatic ad sales and personalized entertainment, enhancing RadNetTV's offerings to its viewership of over ten million annually.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 12:26 pm

COLL

Collegium Pharmaceutical, Inc. (NASDAQ:COLL) has entered into an exclusive agreement with Hikma Pharmaceuticals USA Inc. for the sale of authorized generic versions of Nucynta and Nucynta ER in the U.S. Collegium will manufacture and supply the products, receiving a share of net profits, which will decrease with more generic entrants. This agreement aims to maintain the Nucynta Franchise's value and accessibility.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 12:22 pm

BMRA

Biomerica, Inc. (BMRA) has entered into a multi-year exclusive distribution agreement with a UAE healthcare conglomerate. The partnership kicks off with an initial order for Biomerica's EZ Detect and Aware products, signaling a significant expansion of the company's global footprint and potential revenue growth.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 12:20 pm

GOOGL

META

MSFT

Meta Platforms Inc.'s Chief AI Scientist, Yann LeCun, revealed that CEO Mark Zuckerberg was 'snubbed' from the Biden administration's new AI Safety Institute, which also excluded Elon Musk. The board, led by U.S. Secretary of Homeland Security Alejandro Mayorkas, includes tech leaders like OpenAI's Sam Altman, Microsoft's Satya Nadella, and Alphabet's Sundar Pichai, aiming to advise on the responsible development and deployment of AI technologies.

Portfolio Pulse from Rounak Jain

April 29, 2024 | 12:17 pm

SAI

SAI.TECH has signed a Memorandum of Understanding (MOU) with Green Agritech to collaborate on a project in Manitoba, Canada, involving a 1MW data center. The partnership aims to explore future joint ventures, with SAI.TECH being responsible for securing miners for the data center.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 12:15 pm

CODA

Coda Octopus Group, Inc. (CODA) announced the launch of Voice HUB-4, an AI-based digital audio communications system, following successful tests with Naval customers. This new technology, which supports up to four divers and includes features like Digital Noise Removal and Helium Speech Descrambling, represents a significant advancement over traditional underwater analogue audio communications. Developed in conjunction with the US Navy, Voice HUB-4 aims to improve safety and clarity in underwater communications for divers.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 12:15 pm

MSFT

The Financial Times has entered into a content licensing agreement with OpenAI, allowing the AI firm to train its models on FT's content. This partnership aims to enhance OpenAI's ChatGPT with FT's attributed content and develop new AI products for FT readers. Financial terms were not disclosed. OpenAI, backed by Microsoft (MSFT), previously secured a similar deal with the Associated Press. The collaboration will enable ChatGPT to use select FT content summaries, quotes, and links in its responses.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 12:12 pm

SEEL

Seelos Therapeutics, Inc. (NASDAQ:SEEL) announced a strategic focus on mental health initiatives, including updates on potential partnerships and collaborations. Richard Pascoe has been appointed as Chairman of the Board to lead these efforts. The company is in discussions for a potential collaboration in the mental health space, leveraging its ketamine expertise with SLS-002 for suicidality and involvement in a PTSD study. Seelos aims to create a leading mental health company and increase shareholder value but will not comment further until a decision is made.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 12:11 pm

ARQQ

Arqit Quantum's stock price increased following the announcement of its partnership with Intel to launch Quantum-Safe, 1.89 Tb IPsec products.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 11:29 am