Streetbeat News

Partnerships

SGD

Safe and Green Development Corporation (NASDAQ:SGD) stock rose after announcing a non-binding Letter of Intent to invest in Majestic World Holdings for access to the Xene software platform. The strategic partnership aims to leverage AI technology to create a decentralized real estate marketplace, potentially marking a significant growth phase for both companies.

Portfolio Pulse from Ryan Gustafson

November 21, 2023 | 7:49 pm

MSFT

OpenAI is facing internal turmoil with discussions about the return of ousted co-founder Sam Altman as CEO. Employees have threatened mass resignations, and Microsoft Corp (NASDAQ:MSFT) has hired Altman and Greg Brockman for a new AI research team. Microsoft's CEO Satya Nadella has expressed openness to hiring more OpenAI staff and hinted at potential changes in governance, including a possible board seat for Microsoft.

Portfolio Pulse from Neil Dennis

November 21, 2023 | 7:49 pm

AAPL

GOOG

GOOGL

NFLX

SPOT

Epic Games' lawsuit against Google reveals that Spotify has a special deal with Google to avoid most app store commission fees. Spotify pays 0% commission if using its own payment processor and 4% otherwise, compared to the typical 15% fee. This deal was disclosed during a trial where Epic Games is challenging Google's commission fees. Google's head of partnerships, Don Harrison, justified the deal due to Spotify's popularity and its importance to Android's success. The trial also uncovered that Google considered acquiring Epic Games to prevent competition. The outcome of the trial could impact Google's app store practices and address antitrust concerns.

Portfolio Pulse from Chris Katje

November 21, 2023 | 6:38 pm

CNTB

Connect Biopharma Holdings Limited (CNTB) reported positive Stage 2 trial results for rademikibart in treating moderate-to-severe atopic dermatitis, with high maintenance of efficacy at Week 52. The company also announced a partnership with Simcere Pharmaceutical for rademikibart's development and commercial rights in Greater China, including an upfront payment and potential milestones and royalties. Despite the positive news, CNTB shares dropped 31.8% to $1.41.

Portfolio Pulse from Vandana Singh

November 21, 2023 | 6:20 pm

BIG

UBER

Uber Eats has partnered with Big Lots, marking the addition of the first national home discount retailer to its platform. This collaboration comes just in time for Black Friday, allowing customers to order and receive on-demand and scheduled deliveries of essential items from Big Lots through the Uber Eats app.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 6:01 pm

MSFT

Sam Altman, the co-founder of OpenAI, is in discussions with the company's board about the possibility of his return. The talks are ongoing, and no final decision has been made. Microsoft (MSFT) may be mentioned in the article as they have been closely associated with OpenAI through investment and partnership.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 5:48 pm

GE Vernova, a division of General Electric Co (NYSE:GE), has signed a memorandum of understanding with Next Hydrogen Solutions Inc. to produce green hydrogen by integrating Next Hydrogen's electrolysis technology with GE Vernova's power systems. This partnership aims to drive the hydrogen revolution and contribute to decarbonization across various industries. The initial phase includes installation, testing, and integration of Next Hydrogen's water electrolyzer with a GE Vernova power supply, with advanced power systems expected to launch in 2024. GE's stock saw a slight decline of 0.29% to $119.72.

Portfolio Pulse from Shivani Kumaresan

November 21, 2023 | 5:39 pm

BABA

BIDU

MSFT

NVDA

TCEHY

Baidu Inc (NASDAQ:BIDU) reported a 6% YoY revenue increase to 4.45 billion yuan in Q3, with shares rising 2%. Despite a challenging macroeconomic environment, Baidu's AI advancements, particularly with its Ernie bot, demonstrate resilience and competitiveness. Microsoft Corporation (NASDAQ:MSFT), with a 49% stake in Open AI, hired ousted Open AI staff, including Sam Altman, strengthening its AI position. Baidu, along with Alibaba (NYSE:BABA) and Tencent Holdings Limited (OTC:TCEHY), remains a key player in China's internet sector, with Tencent also navigating US chip export curbs. Nvidia Corporation (NASDAQ:NVDA) was mentioned in relation to AI chip supplies.

Portfolio Pulse from Upwallstreet

November 21, 2023 | 5:00 pm

SGD

Safe and Green Development (SGD) shares are up following a non-binding Letter of Intent to invest in Majestic World Holdings for access to the Xene software platform.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 4:40 pm

RXT

Rackspace Technology (NASDAQ:RXT) is set to participate in AWS re:Invent 2023, showcasing its generative AI applications from Foundry for AI by Rackspace. Celebrating twelve years at the event, Rackspace will have a booth with interactive AI and VR demonstrations, a breakout session with JobTarget, and networking events. The company highlights its strong partnership with AWS, boasting over 2,200+ AWS certifications and 16 AWS Competency designations, and aims to demonstrate its capabilities in enhancing business transformation and customer experiences through AI.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 4:29 pm