Streetbeat News

Partnerships

AMZN

Amazon.com and Databricks have entered a five-year agreement to utilize Amazon's Trainium AI chips, potentially reducing costs for businesses developing AI capabilities. This deal positions Amazon's chips as a cost-effective alternative to Nvidia's GPUs.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:10 pm

AMZN

Databricks has entered into a five-year agreement with Amazon to utilize Amazon's Trainium chips for building AI systems. This partnership aims to enhance Databricks' AI capabilities by leveraging Amazon's advanced chip technology.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:09 pm

RTX

The U.S. Army has awarded the Javelin Joint Venture two production contracts worth $267 million for Lightweight Command Launch Units, supporting both U.S. Army and foreign military sales to Estonia, Latvia, and Lithuania.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:06 pm

WOLF

Wolfspeed shares rose following the announcement of a non-binding preliminary memorandum for up to $750 million in funding under the CHIPS and Science Act.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:05 pm

NARI

Inari Medical has partnered with the American Venous Forum and the National Blood Clot Alliance to conduct the DEFIANCE trial. This trial will evaluate the effectiveness of Inari's ClotTriever System in treating deep vein thrombosis.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:05 pm

BB

BlackBerry's QNX embedded software is now powering 255 million vehicles, enhancing safety and performance in autonomous and connected vehicles. Automakers are choosing QNX for its safety and security certifications.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:03 pm

SWVL

Swvl has established its headquarters in Riyadh to drive growth in the GCC region, aligning with Saudi Arabia's Vision 2030. This move is part of Swvl's strategy to expand its presence and operations in the Middle East.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 11:49 am

BMR

Beamr Imaging has announced a collaboration with Bridge Digital, a video technology integrator. This partnership aims to enhance Beamr's video compression technology and expand its market reach.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 11:39 am

OCEA

Molecure has entered into an exclusive licensing agreement with Ocean Biomedical for its selective YKL-40 inhibitor program, including the lead molecule OAT-3912, for approximately $32 million. This agreement allows for the continued discovery and development of novel YKL-40 modulators.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 11:34 am

CYN

Cyngn has expanded its dealer network by partnering with Raymond West, a distributor of intralogistics solutions. Raymond West will sell Cyngn's autonomous DriveMod Tugger, which combines Cyngn's AV technology with Motrec's MT-160.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 11:28 am