Streetbeat News

Partnerships

MS

MSFT

Morgan Stanley's (NYSE:MS) wealth managers are showing resistance to using an AI chatbot developed in partnership with OpenAI, preferring human interaction for information. Despite the bank's efforts to integrate AI into its operations since March 2023, the adoption among wealth managers has been slow. Concerns were also raised when OpenAI faced internal turmoil, with a significant number of employees threatening to leave, potentially impacting Morgan Stanley's reliance on the technology. OpenAI's COO, Brad Lightcap, has cautioned against expecting quick, significant business changes from AI technology.

Portfolio Pulse from Rounak Jain

December 05, 2023 | 12:24 pm

EXAI

Exscientia plc (NASDAQ:EXAI) has been awarded a $2.3 million grant from Open Philanthropy to explore a new therapeutic approach for pandemic influenza, focusing on the activation of the host interferon response.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 12:04 pm

R

Ryder System, Inc. (NYSE: R) has secured its first two Ryder ChoiceLease customers for its RyderElectric+ turnkey fleet solution. Land 'N' Sea Distributing and Servientrega International Inc. will use RyderElectric+ for operating multiple light-duty electric cargo vans, with Ryder supporting their charging infrastructure.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 11:59 am

PINC

TFX

Teleflex Incorporated has been awarded a peripheral access purchasing agreement with Premier Inc., effective December 1st, 2023. This agreement may potentially increase Teleflex's market share and revenue in the medical device sector.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 11:32 am

RDNT

WMT

RadNet has announced the launch of MammogramNow, a new screening mammography service, which will debut at the Walmart Supercenter in Milford, Delaware, on December 8th. This service aims to provide convenient and accessible breast cancer screening for women.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 11:02 am

FENC

Fennec Pharmaceuticals Inc. has announced a third closing of $5 million in senior secured promissory notes under an existing agreement with Petrichor. The original deal allowed for up to $20 million in additional financing until December 31, 2023. The agreement has been amended to provide access to up to $15 million more through December 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 10:58 am

NDAQ

Nasdaq (NDAQ) and nuam exchange, formed by the merger of Santiago, Lima, and Colombia stock exchanges, have announced a strategic technology partnership to develop a new marketplace in Latin America. This partnership aims to integrate, develop, and expand the trading platform in the region.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:01 am

CLVT

Clarivate has expanded its alliance with VeriSIM Life to accelerate and de-risk research and drug development. This collaboration aims to enhance the drug development process by integrating VeriSIM's BIOiSIM platform with Clarivate's drug, device, and medical literature intelligence. The partnership is expected to improve decision-making and efficiency in the drug development lifecycle.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 7:05 am

IBM

INTC

META

ORCL

Meta Platforms (META) and International Business Machines (IBM) have formed an AI Alliance with over 50 companies and research institutions, including Intel (INTC) and Oracle (ORCL), to advocate for open AI. The coalition aims to foster open innovation and science in AI, with members supporting open-source technology. Despite past setbacks in AI, both IBM and Meta are contributing to the alliance, with IBM introducing its new Watsonx system and Meta promoting its Llama 2 AI model. The alliance addresses the need for a diversified AI product market, reducing single-vendor dependency risks.

Portfolio Pulse from Navdeep Yadav

December 05, 2023 | 6:48 am

MSFT

Microsoft Corp. has expanded the availability of Copilot, an AI-powered assistant, to all Windows 11 and Windows 10 users. Copilot, which replaces Cortana, is built on Microsoft's partnership with OpenAI, incorporating ChatGPT and Dall-E technologies. It can perform tasks on the computer, summarize open tabs, edit photos, and generate images, offering more functionality than Bing Chat.

Portfolio Pulse from Rounak Jain

December 05, 2023 | 5:33 am