Streetbeat News

Partnerships

AAPL

Apple Inc. (AAPL) is in talks with news and publishing firms for licensing deals worth $50 million to train its generative AI systems. The deals with firms like Condé Nast, NBC News, and IAC are part of Apple's efforts to compete in the generative AI space, where tech giants like Microsoft, OpenAI, Google, and Meta Platforms are active. Publishers' responses are mixed, with some concerned about licensing terms and legal liabilities, while others see potential for collaboration. The deals could provide a legal framework for using news content in AI training, amid industry concerns about copyright use by AI systems.

Portfolio Pulse from Ananya Gairola

December 23, 2023 | 8:10 am

VTVT

vTv Therapeutics received a notice from Hangzhou Zhongmei Huadong Pharmaceutical indicating their intent to terminate a license agreement from December 21, 2017. The termination will not be effective until both parties negotiate and finalize the terms, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:39 pm

AWIN

AERWINS Technologies has announced a Letter of Intent (LOI) concerning the design, development, manufacturing, sales, and marketing of a single-seat optionally manned air vehicle. Additionally, AERWINS has agreed to provide up to $1.7 million in working capital to the operating company for its operations over the next 12 months, as detailed in an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:37 pm

AWIN

AERWINS Technologies has signed a Letter of Intent with Helicopter Technology Company to form a new entity. According to the SEC filing, AERWINS will own 70% of the new entity, while Helicopter Technology will own the remaining 30%.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:36 pm

COP

ConocoPhillips (NYSE:COP) has decided to proceed with the Willow project in Alaska, following a Final Investment Decision and support from the Department of the Interior and court orders. The project is expected to generate significant revenue and reduce U.S. dependence on foreign energy. It will create jobs and has been designed with environmental considerations and local community input.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:32 pm

EEX

INNPF

LOWLF

MEDIF

OGI

TCNNF

The cannabis industry is experiencing significant leadership changes as we head into 2024. The Indigenous Cannabis Industry Association (ICIA) hosted a roundtable to discuss hemp and cannabis regulation. Emerald Holding, Inc. (NYSE:EEX) promoted Emilie Lewis to oversee marketing for Marijuana Business Daily. MediPharm Labs Corp. (OTCQB:MEDIF) announced the resignation of board member Miriam McDonald. Lowell Farms Inc. (OTCQX:LOWLF) reported the departure of board member Brian Shure. Trulieve Cannabis Corp. (OTCQX:TCNNF) named Wes Getman as its new CFO, and Organigram Holdings Inc. (NASDAQ:OGI) appointed Greg Guyatt as CFO. Innocan Pharma Corporation (OTCQB:INNPF) established a team for FDA submission for its LPT CBD platform.

Portfolio Pulse from Jelena Martinovic

December 22, 2023 | 9:31 pm

MSFT

OpenAI is reportedly planning a new primary funding round in the new year with a valuation above $100 billion, following a tender closing early January valuing the startup at $86 billion. Additionally, OpenAI is in discussions with G42 to invest in the AI chip project Tigris.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:21 pm

SONY

WBD

Sony Group Corp.'s PlayStation had planned to remove Discovery content from users' libraries due to licensing issues, causing concern among consumers. However, PlayStation reversed the decision after updating their licensing arrangements with Warner Bros. Discovery Inc, ensuring access to purchased content for the next 30 months. PlayStation users have not been able to buy or rent new content since 2021, but the reversal maintains access to existing purchases.

Portfolio Pulse from Franca Quarneti

December 22, 2023 | 9:17 pm

AAPL

Apple Inc. is in discussions with news publishers to secure multiyear deals, each potentially worth over $50 million, to use their news articles for training its generative AI systems. These deals are part of Apple's efforts to enhance its AI capabilities.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 8:35 pm

ARKK

COIN

CRSP

META

PATH

RBLX

ROKU

SQ

TSLA

ZM

Cathie Wood, CEO of ARK Invest, predicts deflation in 2024, leading to aggressive rate cuts by the Federal Reserve. She emphasizes a focus on innovation and technological advancements, particularly in AI and gene editing technologies. ARK's flagship fund, ARK Innovation ETF (ARKK), has seen a 70% year-to-date increase and is diversifying its portfolio. Wood has shown renewed interest in Meta Platforms Inc. (META) and highlighted the potential of CRISPR Therapeutics. Coinbase Global Inc. (COIN) has become ARK's top holding, surpassing Tesla Inc. (TSLA). Other key holdings include UI Path Inc. (PATH), Zoom Video Communication Inc. (ZM), Roku Inc. (ROKU), Block Inc. (SQ), Roblox Corp. (RBLX), and CRISPR Therapeutics AG (CRSP).

Portfolio Pulse from Piero Cingari

December 22, 2023 | 8:32 pm