Streetbeat News

Partnerships

CRM

MSFT

Over 95% of OpenAI's employees are willing to quit and follow Sam Altman to Microsoft Corp. (NASDAQ:MSFT) after his ouster. OpenAI's board is in intense discussions to address the situation, with an internal memo calling for unity. Despite the turmoil, OpenAI's leadership, including Altman, is expressing solidarity and ensuring operational continuity. Salesforce Inc. (NYSE:CRM) attempted to poach OpenAI talent but faced resistance from employees who remain committed to OpenAI's mission.

Portfolio Pulse from Rounak Jain

November 21, 2023 | 11:00 am

BP

UNG

Oman LNG has entered into a 9-year agreement with BP to supply approximately 1 million metric tonnes of LNG per year starting in 2026, as reported by Reuters citing the state news agency.

Portfolio Pulse from Charles Gross

November 21, 2023 | 10:38 am

STLA

Stellantis NV (NYSE:STLA) has signed a Memorandum of Understanding with CATL to supply LFP battery cells and modules for electric vehicle production in Europe. The collaboration aims to support Stellantis' battery electric vehicles, enhance the battery value chain, and may lead to a joint venture. LFP technology will enable Stellantis to produce high-quality, affordable electric vehicles, aligning with their carbon net zero goal by 2038. Stellantis also plans to discuss a comprehensive automotive industry agreement with the Italian government.

Portfolio Pulse from Lekha Gupta

November 21, 2023 | 10:09 am

NIO

China's electric vehicle maker Nio is partnering with Changan Automobile to develop battery-swapping electric vehicles (EVs). This collaboration aims to ease costs for the EV maker. The partnership will leverage Changan Auto's manufacturing capabilities and Nio's technology in battery swapping to create a new line of EVs designed for efficient battery exchange, potentially enhancing Nio's competitive edge in the EV market.

Portfolio Pulse from Charles Gross

November 21, 2023 | 9:57 am

BK

Lunate and BNY Mellon (NYSE:BK) have partnered to create Alpheya, a new company that will provide a wealth management technology platform for the MENA region. Alpheya, based in Abu Dhabi Global Market, is backed by a $300 million capital commitment and will begin serving clients in 2024. BNY Mellon holds a minority stake in Alpheya.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 9:12 am

AAPL

GOOG

GOOGL

Apple Inc. (AAPL) and Alphabet Inc.'s Google (GOOG, GOOGL) leaders, Tim Cook and Sundar Pichai, expressed a desire for a 'deep, deep partnership' and to 'work as if we are one company' during a 2018 meeting. This aspiration for closer integration of services and overcoming information-sharing reluctance could attract antitrust scrutiny. The news comes amidst an ongoing Google antitrust trial by the US Department of Justice, where Apple's past privacy-focused stance against Google's Android was highlighted.

Portfolio Pulse from Rounak Jain

November 21, 2023 | 9:03 am

INFY

Infosys (NYSE:INFY), a global digital services and consulting firm, has announced a collaboration with Proximus, Belgium's top digital services provider, to modernize and consolidate IT components of a Proximus affiliate. This project will enable the affiliate to expand its fiber and digital services offerings to a broader customer base.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 8:28 am

NCNO

Alba Bank has adopted the nCino Cloud Banking Platform to support lending to small- and medium-sized businesses (SMEs) in the UK. nCino, Inc. (NASDAQ:NCNO) is recognized as a pioneer in cloud banking for the global financial services industry.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 7:57 am

BTCUSD

DOGEUSD

Javier Milei, Argentina's next President, is gaining attention for his unconventional telepathic communications with his deceased dog, Conan, who he claims advised him on his political strategy. Milei's pro-Bitcoin stance has garnered support from prominent crypto figures like Balaji Srinivasan, Michael Saylor, Samson Mow, and Ryan Selkis, who are optimistic about potential Bitcoin-friendly reforms in Argentina. Elon Musk and Dogecoin co-founder Billy Markus also expressed positive sentiments about Argentina's future under Milei's leadership.

Portfolio Pulse from Mehab Qureshi

November 21, 2023 | 4:23 am

CRM

MSFT

Salesforce Inc. (CRM) CEO Marc Benioff has invited OpenAI researchers who have resigned to join Salesforce's Einstein Trusted AI research team, offering matching compensation. This follows Microsoft Corporation's (MSFT) move to form a new AI research team led by former OpenAI leaders Sam Altman and Greg Brockman. The invitation comes amid a potential mass exodus at OpenAI, where employees have threatened to leave unless the board is restructured and Altman and Brockman are reinstated.

Portfolio Pulse from Ananya Gairola

November 21, 2023 | 2:11 am