Streetbeat News

Partnerships

RDW

Redwire Corporation (NYSE:RDW) has been selected by DARPA for the LunA-10 study to design services for a future commercial lunar ecosystem. Redwire will focus on providing critical services to lunar assets, including high-speed communications and Position, Navigation, and Timing (PNT) from cislunar space. The company will leverage its experience in space mission design, RF systems, and space structures to contribute to the study. This selection adds to Redwire's portfolio of lunar infrastructure projects, including a $12.9 million NASA Tipping Point award and providing ROSA technology for Astrobotic's LVSAT program.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 4:29 pm

SPIR

Spire Global, Inc. (SPIR) has been awarded a contract by Lacuna Space to build and operate six satellites for an IoT constellation, with potential expansion to dozens more. The satellites will enhance Lacuna's IoT network for global connectivity in various industries, including agriculture and logistics. Spire's Space Services will handle the end-to-end management of the satellites, leveraging its existing infrastructure to offer cost-effective and scalable access to space.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 4:15 pm

ACB

TLRY

Tilray Brands CEO Irwin Simon visited Israel to meet business partners and traveled to Germany in anticipation of cannabis legalization. Tilray (NASDAQ:TLRY) is well-positioned to benefit from potential German legalization, with its European headquarters in Germany. Aurora Cannabis (NASDAQ:ACB) is also among the companies likely to benefit. Despite a delay in the German legalization vote, Tilray shares rose 8.42% and an additional 0.24% after hours on Monday.

Portfolio Pulse from Nina Zdinjak

December 05, 2023 | 3:43 pm

AMZN

Amazon.com Inc (NASDAQ:AMZN) has partnered with Aerodyne, a Malaysia-based startup, to leverage Amazon Web Services (AWS) for Aerodyne's DRONOS software as a service (SaaS) platform. This collaboration targets the drone data services market, which is projected to reach $15 billion by 2030, growing at a 39% CAGR from 2023. Aerodyne, a leading drone solutions provider, operates in various industries across 45 countries. Amazon's move aligns with its strategy of integrating robotics, including drone deliveries and warehouse automation, and now adds analytics in the drone sector to its portfolio.

Portfolio Pulse from Surbhi Jain

December 05, 2023 | 3:06 pm

QTWO

Q2 Holdings, Inc. and Array have expanded their partnership to provide financial wellness solutions. Q2 will now resell Array's financial wellness solution directly to banks and credit unions, aiming to enhance the financial health of their customers.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 3:04 pm

VZ

Verizon has expanded its partnership with TechSTL to promote digital equity in St. Louis. The collaboration includes the Verizon Forward Community Enhancement Award, with a $100,000 award for the TechLAUNCH program aimed at advancing technology skills and opportunities in the region.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 3:02 pm

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