Streetbeat News

Partnerships

DELL

Dell Technologies has partnered with Northwestern Medicine to advance patient care through AI innovation. This collaboration aims to leverage artificial intelligence to improve healthcare services and outcomes.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:02 pm

ACGL

Arch Insurance North America, part of Arch Capital Group Ltd. (NASDAQ:ACGL), is set to acquire Allianz's U.S. MidCorp and Entertainment insurance businesses for $450M. The deal includes a $1.4B capital requirement for Arch and involves the transfer of approximately 500 employees. This acquisition aims to expand Arch's presence in the U.S. middle market and enhance its specialty insurance portfolio. The transaction, expected to close in the second half of 2024, is subject to regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:01 pm

CWK

Cushman & Wakefield (CWK) has been chosen by the Massachusetts Institute of Technology (MIT) to participate in a study focused on Generative AI and the future of work. This new initiative brings together top companies and nonprofits, backed by financial support from Google's Community Grants Fund.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:01 pm

GCTS

GCT Semiconductor Holding, Inc. (NYSE:GCTS) shares surged in premarket trading after announcing a strategic collaboration with Aramco to enhance the 4G/5G ecosystem in Saudi Arabia. This partnership aims to develop customized chipsets and modules for LTE, 5G, and the NTN spectrum, supporting wireless device localization and IoT production. The company, which recently went public through a business combination with Concord Acquisition Corp III, sees this collaboration as a catalyst for product development and commercialization in the transition from 4G to 5G.

Portfolio Pulse from Nabaparna Bhattacharya

April 05, 2024 | 12:53 pm

LAES

SEALSQ Corp (NASDAQ:LAES) announces the launch of SEALCOIN, a Hybrid Payment & Utility Token, expected in Q4 2024. SEALCOIN aims to enable seamless data and currency exchanges across billions of internet-connected devices. The platform will introduce a Machine-to-Machine (M2M) Proof of Concept in mid-July 2024, showcasing its capabilities for Service vs Payment transactions. Following the platform's launch, SEALCOIN will be issued and proposed for listing on a digital exchange. This initiative marks a significant step in secured peer-to-peer transactions in both physical and digital realms.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:47 pm

IBM

IBM and the Government of Spain have announced a strategic collaboration to advance Spain's national AI strategy and develop leading Spanish language AI models. This partnership, formalized through a Memorandum of Understanding, aims to promote the development and deployment of open, ethical, and responsible generative AI in Spain. It focuses on creating large and small language models proficient in Spanish and co-official languages, enhancing AI sustainability, reducing biases, and fostering an ecosystem of AI creators. The collaboration also intends to develop AI-enhanced techniques for the semiconductor industry and leverage IBM's AI framework for community contributions.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:45 pm

GCTS

GRIN

MDIA

GCT Semiconductor Holding, Inc. (GCTS) and Aramco signed an MOU to boost the 4G and 5G ecosystem in Saudi Arabia. Grindrod Shipping Holdings (GRIN) announced a selective capital reduction, leading to a share price increase. Mediaco (MDIA) shares surged after Standard General L.P. disclosed a 95.2% stake in the company.

Portfolio Pulse from ryanfaloona@benzinga.com

April 05, 2024 | 12:38 pm

GCTS

GCT Semiconductor Holding's shares surged following the announcement of a Memorandum of Understanding (MOU) with Aramco. The MOU outlines a collaboration to design and co-develop chipsets and modules for LTE, 5G, and the NTN spectrum, signaling a significant partnership in the telecommunications and technology sectors.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:29 pm

GCTS

GCT Semiconductor shares surged following the announcement of a Memorandum of Understanding (MOU) with Aramco to expedite the development of the 4G and 5G ecosystem in Saudi Arabia. This strategic partnership aims to enhance connectivity and technological advancements in the region.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:28 pm

AAPL

HNHPF

Foxconn, a major supplier for Apple, reported a 9% decline in its first-quarter revenue for 2024, totaling $41.2 billion. Despite the drop, Foxconn anticipates revenue growth in the second quarter. Apple, facing its first revenue and EPS decline in a decade due to falling iPhone sales, plans to launch more affordable AirPods to potentially boost sales and Foxconn's production.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 12:11 pm