Streetbeat News

Partnerships

IDAI

Trust Stamp (NASDAQ:IDAI) announced the commercial release of its new AI-powered age-estimation technology, designed to estimate the age of online users to ensure age-appropriate content access. The technology, which uses deep-learning algorithms, has been tested against industry leaders and is now in negotiations for its first commercial implementation. Trust Stamp's President, Andrew Gowasack, highlighted the technology's potential applications both online and offline, emphasizing its importance in complying with legislative initiatives on age verification.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 2:04 pm

UAVS

AgEagle Aerial Systems Inc. (NYSE:UAVS), a leading drone solutions provider, announced a shareholder letter from Chairman Grant Begley, highlighting the company's evolution, product offerings, and strategic accomplishments. Begley emphasized AgEagle's transition from a local agricultural drone provider to a global leader in drone technology with applications across various sectors. The letter mentioned the introduction of eBee VISION for defense and security, FAA certification, and the Defense Innovation Unit's endorsement. Recent achievements include leadership team expansions, sales to UT-Battelle and ADS Inc., and recognition as a top AI company in agriculture. Financially, AgEagle addressed its micro cap status, sales stagnation, and high expenses in 2023, but anticipates growth with the eBee VISION. A 20-to-1 reverse stock split was approved to attract more investors and support business growth.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:43 pm

NVDA

QCOM

Cerebras Systems announced the launch of its new AI processor, the Wafer-Scale Engine 3 (WSE-3), which offers double the performance of its predecessor at the same price. The WSE-3, built on a 5nm process by Taiwan Semiconductor Manufacturing Co, features 4 trillion transistors and is capable of 125 petaflops of computing. Cerebras, competing with Nvidia's AI chips, aims to outperform with its single large chip design. The company is cash flow positive and plans to sell WSE-3 systems with Qualcomm's AI 100 Ultra chips for AI applications.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:40 pm

MULN

Mullen Automotive has announced an update on the timeline for the U.S. government ruling regarding their Class 1 EV cargo vans. Following advice from the CBP, Mullen, in collaboration with RRDS, is moving forward with the GSA to finalize its qualification to sell these vans to all branches of the U.S. government.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:33 pm

HMC

NSANY

Reuters reports that TV Tokyo has announced Nissan (NSANY) and Honda (HMC) are considering a business partnership. This news could indicate a significant collaboration between two major players in the automotive industry.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:26 pm

CYBR

CyberArk (NASDAQ:CYBR), an identity security company, has been selected by Heng Leong Hang, a prominent retail brand in Taiwan with over 70 stores, to enhance its cybersecurity capabilities. The CyberArk Identity Security Platform will be used to secure human and machine identities, automate the identity lifecycle, and implement continuous threat detection and prevention. This move aims to protect the company's core systems and customer data amidst increasing cybersecurity challenges in the retail industry.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:23 pm

VCIG

VCI Global Limited (NASDAQ:VCIG) announced its strategic expansion by opening offices in New York and London and setting up an AI R&D Center in Frankfurt. This move aims to accelerate revenue growth and advance AI innovations. The New York and London offices will be led by Marco Baccanello, a Corporate Finance and Private Equity executive with experience in technology sector transactions. The Frankfurt AI R&D Center will be headed by Pascal Lauria, a veteran in AI and machine learning, aiming to nurture potential unicorn businesses.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:19 pm

SYF

Skipify, a fintech company, has partnered with Synchrony (NYSE:SYF) to integrate Synchrony Mastercard into Skipify's Connected Wallet, enhancing the online checkout experience for Synchrony cardholders. This partnership aims to simplify payments, increase security, and improve conversion rates for merchants. An event at Shoptalk in Las Vegas will further discuss the partnership.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:16 pm

CREX

Creative Realities, Inc. (CREX) partners with Departure Media to enhance the traveler experience at Cincinnati/Northern Kentucky International Airport (CVG) through innovative digital signage solutions. This collaboration focuses on creating immersive advertising experiences using upgraded Samsung screens and fine pitch direct view LED displays. The initiative aims to modernize the visual landscape at CVG, improve traveler engagement, and provide advertisers with dynamic advertising spaces.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:13 pm

BTCUSD

NYCB

This week, Jerome Powell's dovish stance before Congress, weaker job reports, all-time highs for Bitcoin and gold, rising gas and oil prices due to production cuts, and the investor bailout of New York Community Bank ($NYCB) were highlighted. Powell's willingness to lower rates before inflation hits 2% mirrors past mistakes, while job data suggests a weaker economy than reported. Bitcoin and gold reaching all-time highs indicate a search for stability amidst market volatility. Saudi Arabia and Russia's production cuts have pushed oil prices over $80. The $1 billion investment led by Steve Mnuchin in NYCB reflects ongoing concerns about the banking sector's stability.

Portfolio Pulse from Gary Brode

March 13, 2024 | 1:12 pm