Streetbeat News

Partnerships

MSFT

Microsoft Corp's AI strategy is reportedly becoming overly reliant on its partnership with OpenAI, leading to concerns among insiders. This shift has resulted in the departure of executives and a focus away from in-house AI initiatives towards the Azure OpenAI service. The change has led to a decline in internal services that were part of Azure AI Services, with some services being rebranded or incorporated into other products. This development is amid scrutiny from the European Union over Microsoft's investment in OpenAI and the evolving dynamics in the AI industry.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 4:56 am

MSFT

Around 600 Activision quality assurance (QA) workers have formed the largest video game worker union in the US, named Activision Quality Assurance United (AQAU), with support from the Communications Workers of America (CWA). This is the first unionization effort at Activision since its acquisition by Microsoft Corp. (NASDAQ:MSFT). The union, which includes QA workers from Texas, Minnesota, and California, was facilitated by a CWA-Microsoft neutrality agreement from 2022. AQAU aims to negotiate a new contract focusing on pay, benefits, and career development.

Portfolio Pulse from Franca Quarneti

March 12, 2024 | 3:23 am

PBM

Psyence Biomedical Ltd (NASDAQ:PBM) has received approval from the Australian Health Research Ethics Committee to begin a Phase IIb study in Melbourne, Australia, focusing on the use of psilocybin for palliative care patients with Adjustment Disorder following a cancer diagnosis. The study, in partnership with iNGENū Pty Ltd, will test different doses of psilocybin combined with psychotherapy. Additionally, Psyence Group has undergone a business restructuring, including a spinout deal resulting in a 37% interest in PBM and the transfer of non-clinical business assets to reduce overhead.

Portfolio Pulse from Lara Goldstein

March 11, 2024 | 11:02 pm

NVDA

ORCL

Oracle announced in a conference call that they expect to make some significant joint announcements with Nvidia next week, indicating a potential collaboration or partnership between the two companies.

Portfolio Pulse from Charles Gross

March 11, 2024 | 9:27 pm

AMST

Amesite Inc. has entered into a five-year partnership with Joliet Junior College to provide an advanced learning platform. This collaboration aims to enhance educational experiences through Amesite's innovative technology solutions.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:14 pm

AMD

AMD CEO Lisa Su highlighted AI as the 'most important' technology of the last 50 years, emphasizing its potential for growth and AMD's efforts to capture market share through cloud and edge computing partnerships and AI-powered PCs. Su anticipates 'tremendous growth' in AI over the next three to five years, aiming to make AI accessible to everyone through a range of products.

Portfolio Pulse from Adam Eckert

March 11, 2024 | 9:13 pm

GSM

Ferroglobe and Coreshell have signed a Memorandum of Understanding (MoU) to produce the first battery-grade metallurgical silicon for electric vehicles (EVs), aiming for low-cost, high-range EV batteries in line with the U.S. Inflation Reduction Act.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:12 pm

DVA

The American Diabetes Association (ADA) and DaVita (NYSE:DVA) have expanded their multi-year collaboration to advance chronic disease prevention, focusing on diabetes and chronic kidney disease (CKD). This expansion, announced during National Kidney Month, includes a $1.5 million contribution from DaVita to the ADA's initiatives. The partnership aims to increase awareness, education, and support, especially in communities of color disproportionately affected by these conditions. Efforts include creating educational materials, a dietitian program, and sponsoring ADA's State of Diabetes events.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:44 pm

NEXT

NextDecade Corporation (NASDAQ:NEXT) provided a Q4 2023 business update, focusing on the construction of Phase 1 at the Rio Grande LNG Facility and the expansion capacity to meet global LNG demand. The company is working with Bechtel on construction and has begun FEED and EPC contract processes for Train 4, aiming for a positive FID in H2 2024. Financially, NextDecade has secured loans and issued senior secured notes to support Phase 1 construction, with significant progress reported in project completion percentages for Trains 1, 2, and 3.

Portfolio Pulse from Happy Mohamed

March 11, 2024 | 8:36 pm

AAP

Advance Auto Parts has appointed three new independent directors and entered into a cooperation agreement with Third Point and Saddle Point Management. This strategic move aims to enhance governance and drive shareholder value.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:20 pm