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Partnerships

META

MSFT

Yann LeCun, Meta Platforms Inc.'s chief AI scientist, criticized OpenAI for its lack of transparency in research, suggesting the research world is losing interest in the company. He highlighted the instability caused by recent events at OpenAI, including the temporary ousting of co-founder Sam Altman. Despite this, OpenAI is reportedly in talks to raise funds at a $100 billion valuation. LeCun contrasted OpenAI's approach with Meta's open-source Llama 2 model, aligning with his belief in keeping AI research open and secure.

Portfolio Pulse from Rounak Jain

December 27, 2023 | 10:09 am

MSFT

Microsoft Corporation (NASDAQ:MSFT) has launched a standalone AI-driven Copilot app for Android, featuring ChatGPT-like capabilities, DALL-E 3 image creation, and access to OpenAI's GPT-4 model. The app is available on the Google Play Store. This move follows Microsoft's rebranding of Bing Chat to Copilot and the expansion of Copilot to all Windows users. The Copilot app signifies Microsoft's ongoing commitment to AI integration in its products, with an iOS version expected soon.

Portfolio Pulse from Ananya Gairola

December 27, 2023 | 9:01 am

EH

EHang Holdings Limited (NASDAQ:EH), a leader in urban air mobility technology, has launched a UAM Operation Demonstration Center at OH Bay in Shenzhen's Bao'an district. This follows a strategic partnership with the local government and is a step towards initiating aerial sightseeing services.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 7:15 am

JNPR

Arirang TV has upgraded its broadcasting capabilities globally by implementing a Juniper Networks-powered infrastructure. This new setup provides nanosecond-level latency, allowing Arirang TV to offer continuous 24/7 broadcasts to 105 countries.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 6:17 am

TSLA

UBER

Uber Technologies Inc is partnering with Tesla Inc to launch a taxi service in Japan, leveraging Tesla's Model Y vehicles. This move follows Japan's policy change allowing ridesharing services and aims to address the shortage of taxi drivers. Uber plans to start with 30 Tesla vehicles and expand to 100 EVs by 2024. The service will cost about 20% more than local fares. Uber is investing $800 million to transition to EVs globally, with goals to be fully electric in the US and Canada by 2030, and worldwide by 2040. The company has also integrated London's black cabs into its platform and offered discounts to Uber drivers on Tesla cars.

Portfolio Pulse from Benzinga Neuro

December 27, 2023 | 4:27 am

AAPL

Tang Tan, an iPhone design executive from Apple Inc. (AAPL), is set to join Jony Ive's design studio LoveFrom and collaborate with OpenAI CEO Sam Altman on a new AI hardware project. The project will focus on creating AI devices for the home, with Altman expected to provide the software. This collaboration follows a trend of former Apple employees moving to LoveFrom, which has already attracted over 20 ex-Apple staff. Tan will lead hardware engineering for the AI initiative at LoveFrom. Previously, there were rumors of advanced talks to build the 'iPhone of AI' involving Altman, Ive, and SoftBank Group Corp.'s Son, which Altman later denied.

Portfolio Pulse from Ananya Gairola

December 27, 2023 | 2:27 am

BTCUSD

ETHUSD

Ark Invest CEO Cathie Wood, in collaboration with 21Shares, is optimistic about the SEC approving a Spot Bitcoin ETF by January 10, 2024. In an interview, she praised 21Shares for its successful crypto ETPs and discussed the potential for institutional diversification into crypto. Wood believes Bitcoin will continue to gain as a hedge against inflation and deflation, and could be treated like physical gold within five years. She also mentioned Bitcoin's potential as legal tender in emerging economies, citing El Salvador's support.

Portfolio Pulse from Khyathi Dalal

December 26, 2023 | 10:53 pm

LUNR

Intuitive Machines has formed a strategic partnership with South Korea's Boryung Corporation, aiming to enhance cooperation in space exploration. Boryung, a top healthcare investment firm in South Korea, is investing in infrastructure and R&D for space capabilities.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 9:35 pm

MPWR

NVDA

TSLA

Rosenblatt Securities analyst Hans Mosesmann reiterated a Buy rating on Monolithic Power Systems, Inc. (MPWR), raising the price target to $750 from $550 due to a strong AI roadmap and partnership with NVIDIA Corporation (NVDA). The company is expected to benefit from the power analog AI sector, sophisticated power analog and liquid cooling techniques, and its relationship with NVIDIA and other AI accelerator chip players. Additionally, Monolithic Power is likely to see dollar content expansion in automotive platforms, chasing Tesla, Inc. (TSLA) EV/autonomous driving innovation. Revenue and EPS projections for FY23, FY24, and FY25 were provided, with a price target based on a high-30's P/E multiple and a 20%+ sales CAGR.

Portfolio Pulse from Nabaparna Bhattacharya

December 26, 2023 | 6:59 pm

SVFD

Save Foods Inc has entered into a Standby Equity Purchase Agreement with YA II PN, Ltd. Under the agreement, the investor has committed to purchasing up to $20 million of the company's shares over a 36-month period following the date of the agreement.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 5:56 pm