Streetbeat News

Partnerships

MSFT

OpenAI CEO Sam Altman expressed his dislike for the name 'ChatGPT' on Trevor Noah's podcast, suggesting it's too ubiquitous to change despite being a 'horrible name'. Altman was recently reinstated as CEO after a brief firing, with Microsoft securing a non-voting observer role on OpenAI's board. OpenAI's ChatGPT has seen significant user engagement, and Altman's return has been positively reflected on the company's ability to function without him. Meanwhile, Elon Musk's AI company xAI launched its first model 'Grok', aiming to compete with ChatGPT.

Portfolio Pulse from Ananya Gairola

December 08, 2023 | 3:39 am

DIS

Brittney Griner, WNBA star and two-time Olympic Gold Medalist, has partnered with Walt Disney Co (NYSE:DIS) to produce a documentary feature with ESPN Films, a scripted limited series through ABC Signature, and an interview with ABC News. The content will cover her basketball career, arrest in Russia, and subsequent release. This partnership signifies a major collaboration between ESPN and Disney, with more joint projects anticipated.

Portfolio Pulse from Maureen Meehan

December 08, 2023 | 3:19 am

STLA

Stellantis (NYSE:STLA) has introduced the 2024 Fiat 500e, a compact and cost-effective electric vehicle (EV), as an alternative to the trend of large electric SUVs and trucks. The Fiat 500e is priced at $34,095, offers a 149-mile range, and includes unique features like an Acoustic Vehicle Alert System. It is not a performance vehicle but is noted for being lightweight at 3,000 lbs. Stellantis' recent partnership with Ample to develop EV battery charging technology could enhance the Fiat 500e's appeal.

Portfolio Pulse from Benzinga Neuro

December 08, 2023 | 2:46 am

AMD

AVGO

GOOG

GOOGL

LULU

TSLA

U.S. stocks closed higher on Thursday, with the Dow, NASDAQ, and S&P 500 all seeing gains. AMD's stock surged 9.89% due to a new AI chip launch and adoption by major companies. Broadcom rose 2.06% after announcing a dividend hike and positive revenue outlook. Lululemon gained 0.87% following strong Q3 results and a stock buyback plan. Alphabet's stocks (GOOG and GOOGL) climbed over 5% with the integration of Gemini AI into its chatbot Bard. Tesla increased by 1.37% amid a leadership change in its Dojo supercomputer project.

Portfolio Pulse from Benzinga Neuro

December 08, 2023 | 2:32 am

TSLA

Tesla Inc (NASDAQ:TSLA) has opened its first sales and delivery center in Connecticut through a partnership with Mohegan Sun, utilizing tribal land to bypass the state's ban on direct vehicle sales by manufacturers. This move allows Tesla to sell directly to consumers in Connecticut, circumventing traditional dealership models and potentially setting a precedent for similar strategies in other states with restrictive auto sales laws.

Portfolio Pulse from Benzinga EV Insights

December 07, 2023 | 10:33 pm

EDR

RUM

TKO

TSLA

UFC President Dana White is giving away a Tesla Cybertruck, with deliveries starting Nov. 30, 2023. Tesla's Cybertruck has around two million reservations and is launching a limited 'Foundation Edition' for $120,000. The giveaway is promoted via a partnership with Rumble, which will broadcast the Nitrocross event, potentially boosting viewership. Endeavor Group Holdings, majority owner of UFC, has ties to Elon Musk, who was on its board. The UFC is now part of TKO Group Holdings, which includes WWE. Tesla, known for minimal advertising, benefits from word-of-mouth promotion, as seen with Joe Rogan's podcast discussions.

Portfolio Pulse from Chris Katje

December 07, 2023 | 10:00 pm

GSL

Global Ship Lease, Inc. (NYSE:GSL) announced a CEO transition with Ian Webber retiring and Thomas Lister succeeding as CEO effective March 31, 2024. Webber, who has been CEO since GSL's inception in 2007, will join the Board of Directors. Lister, with the company since 2007 and currently Chief Commercial Officer, has been instrumental in GSL's public listing, merger with Poseidon Containers, and decarbonization efforts. Executive Chairman George Youroukos praised Webber's leadership and expressed confidence in Lister's qualifications for guiding GSL through industry changes.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:50 pm

AAL

The CWA-IBT Association has successfully reached an agreement with American Airlines regarding a new contract for 14,000 passenger service employees. This agreement comes after a long period of negotiations and is expected to improve the working conditions and benefits for these employees.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:41 pm

DLR

Digital Realty and Blackstone have formed a $7 billion joint venture to develop hyperscale data centers. Blackstone will acquire an 80% ownership interest in the joint venture with approximately $700 million of initial capital contributions, while Digital Realty retains a 20% interest.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:39 pm

COIN

Block Inc (NYSE:SQ), founded by Jack Dorsey, has launched Bitkey, a self-custody Bitcoin wallet available in over 95 countries. Bitkey, which can be used as a mobile app or hardware storage, features a two-of-three multi-signature wallet and secure hardware device with recovery tools. Block's Q3 2023 revenue was $5.62 billion, with Cash App contributing $1.16 billion. The company's Bitcoin investments yielded a $44 million profit. Coinbase Global Inc (NASDAQ:COIN) and Cash App are the first global partners for Bitkey.

Portfolio Pulse from Khyathi Dalal

December 07, 2023 | 9:23 pm