Streetbeat News

Partnerships

MSFT

NVDA

Shanghai authorities have requested Microsoft Corp (NASDAQ:MSFT) to enhance AI technology use in local businesses. The city is also interested in collaborating with Microsoft on technology governance frameworks. Meanwhile, Nvidia Corp (NASDAQ:NVDA) is testing a less powerful chip, the HGX H20, in China due to a U.S. embargo, and plans to release a specialized AI chip for China by Q1 2024. MSFT shares saw a slight increase.

Portfolio Pulse from Anusuya Lahiri

December 05, 2023 | 3:02 pm

AMD

INTC

NVDA

SFTBF

SFTBY

Nvidia Corp (NVDA) is enhancing Japan's AI capabilities by building an AI tech ecosystem and partnering with local entities. Nvidia's CEO, Jensen Huang, plans to establish an AI research lab in Japan, invest in startups, and promote AI education. Despite losing ground with Chinese LLM developers, Nvidia's chips are in high demand globally, especially after the ChatGPT launch. Competitors Intel (INTC) and AMD (AMD) face challenges with declining data-center sales, with AMD launching a new AI chip line and Intel focusing on generative AI capabilities for PCs and smartphones. NVDA shares were up 1.32% at $461.06.

Portfolio Pulse from Anusuya Lahiri

December 05, 2023 | 2:57 pm

SMSI

Smith Micro Software, Inc. (NASDAQ:SMSI) has secured a multi-year contract to provide its SafePath Digital Family Lifestyle solution to an unnamed major Tier 1 mobile network operator in Europe. The service addresses the growing need for parents to monitor their children's safety both online and offline.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 2:20 pm

INFA

Informatica has announced improved integrations with Databricks and Unity Catalog, allowing for faster data onboarding and preparation from over 300 sources. These enhancements aim to streamline data pipeline processes for businesses.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 2:19 pm

PTPI

Petros Pharmaceuticals has partnered with Idea Evolver, the sole provider to have successfully completed an Actual Use Trial for FDA review, which is necessary for Rx-to-OTC switch approval. This partnership is related to the over-the-counter (OTC) switch technology for the blockbuster cholesterol drug Crestor.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 2:17 pm

XPOF

Xponential Fitness has announced a partnership with KINRGY to rebrand and transform up to three AKT studios into KINRGY studios, bringing the fitness and dance platform into a brick-and-mortar experience.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 2:17 pm

GNRC

ecobee has expanded its integration capabilities with Generac by including propane tank monitoring in its smart thermostats. This enhancement allows ecobee thermostats to serve as a single energy management hub for homes, providing users with the ability to monitor their Generac propane tanks directly through the thermostat interface.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 2:16 pm

UBS

The NFL Players Association has selected UBS as an institutional financial advisor. This partnership will provide financial advisory services to the association's members, aiming to enhance their financial security and literacy.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 2:15 pm

VLD

Velo3D, Inc. (VLD) announced its Sapphire family of 3D printers are the first to achieve the U.S. Department of Defense's Green-level STIG Compliance, allowing connection to DoD's SIPRNet and NIPRNet. This certification ensures the printers are protected against cyberattacks, simplifies the management process, and makes it easier for defense contractors and agencies to purchase the printers. Velo3D's printers, including Sapphire, Sapphire 1MZ, Sapphire XC, and Sapphire XC 1MZ, exceeded the DoD's security threshold with an average score of 97% on tests.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 2:12 pm

DKS

DICK'S Sporting Goods (NYSE:DKS) has entered into a multi-year partnership with Notre Dame Athletics to become the Official Sporting Goods Retailer. The partnership includes fan engagement on digital platforms, social media, and radio, in-game promotions, exclusive experiences, and local youth sports support. Notre Dame coaches and athletes will appear at DICK'S South Bend store, which features Notre Dame merchandise.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 2:10 pm