Streetbeat News

Partnerships

BB

TTTech Auto and BlackBerry have expanded their alliance to address the complexity challenges in future software-defined vehicles. The collaboration involves integrating BlackBerry's new QNX operating system with TTTech Auto's scheduling solutions, aiming to enhance safety, real-time domains, and high computational performance while ensuring functional safety.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 8:11 am

AAPL

Apple Inc.'s ambitious car project, known as 'Titan,' has been canceled after a decade of development and billions of dollars invested. Initiated by Steve Jobs, the project faced leadership indecision, technical challenges, and was unable to produce a commercially viable product. Despite exploring partnerships with major automakers and pouring roughly $1 billion annually into Titan, Apple encountered insurmountable technical and economic hurdles, leading to the project's termination and the potential layoff of about 2,000 employees.

Portfolio Pulse from Ramakrishnan M

March 07, 2024 | 7:58 am

PLTR

Jim Cramer, host of CNBC's 'Mad Money', has given a strong buy recommendation for Palantir Technologies Inc (NYSE:PLTR), citing its significant strides in the AI and defense sectors, including securing a prime contractor role for the U.S. Army's Titan program and substantial adoption of its AI platform.

Portfolio Pulse from Benzinga Neuro

March 07, 2024 | 7:57 am

U

Unity (NYSE:U) has announced a partnership with Mazda to develop a next-generation in-cabin car experience for 2025-2027 Mazda car models and beyond. This collaboration is part of Mazda's 2030 Management Policy, focusing on the evolution of cockpit HMI and GUI for a seamless driving experience.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 7:27 am

ACIW

Kiwibank has officially launched its operations with ACI Worldwide's Enterprise Payments Platform, marking a significant step in enhancing its payment systems.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 6:53 am

AVGR

Avinger has entered a strategic partnership and up to $15M equity funding agreement with Zylox-Tonbridge to access the Greater China market. This includes an initial $7.5 million strategic investment, a strengthened balance sheet, and a three-year extension of existing debt terms.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 6:51 am

TSLA

Tesla CEO Elon Musk stated that retrofitting the full self-driving (FSD) software on older cars from rival automakers is not practical due to the extensive changes required, though new cars can integrate the software. Despite Tesla's willingness to license FSD, no agreements with rivals have been reached, with Musk suggesting skepticism about FSD's viability among competitors. Tesla's Q4 revenue was $25,167 million, a 3% increase year-on-year, impacted by lower FSD revenue due to its wide release in North America.

Portfolio Pulse from Anan Ashraf

March 07, 2024 | 6:19 am

DIS

NFLX

WBD

Warner Bros. Discovery (NASDAQ:WBD) announced plans to enforce a strict policy against password sharing for its Max streaming service, following the lead of Netflix (NASDAQ:NFLX) and Disney (NYSE:DIS). The announcement was made by WBD's CEO at the Morgan Stanley Technology, Media, and Telecom 2024 conference. WBD views this move as a growth opportunity and is also exploring new advertising formats, including transactional ads and potential bundled services partnerships.

Portfolio Pulse from Ananya Gairola

March 07, 2024 | 1:37 am

BTCUSD

Cloaked Wireless announced the launch of a new suite of services aimed at protecting users from SIM swap and port-out attacks, allowing payment in Bitcoin. This makes it one of the first U.S. wireless service providers to accept cryptocurrency. The company emphasizes user privacy, minimal data collection, and advanced authentication technologies to combat mobile security breaches. Cloaked Wireless operates as an MVNO and offers free lifetime service to key Bitcoin core developers, highlighting its commitment to secure communication and support for the cryptocurrency community.

Portfolio Pulse from Murtuza Merchant

March 06, 2024 | 10:34 pm

BENF

Beneficient has agreed to finance liquidity transactions for three separate funds managed by ff Venture Capital. This agreement could potentially increase the liquidity and financial flexibility of the funds managed by ff Venture Capital, enhancing their investment capabilities.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 10:04 pm