Streetbeat News

Partnerships

MSFT

OpenAI, supported by Microsoft Corp (NASDAQ:MSFT), is planning to integrate its ChatGPT chatbot into the education sector. OpenAI's COO, Brad Lightcap, announced the initiative, which aims to leverage ChatGPT as an educational tool in classrooms. Despite initial concerns about cheating, educators are recognizing its potential benefits. OpenAI is forming a new team to develop educational applications and has existing partnerships with groups like Khan Academy and Schmidt Futures. The online learning market is expected to grow significantly, and ChatGPT could contribute to this by serving as a tutor and assisting with curriculum development. However, privacy concerns for children using ChatGPT in schools have been raised. OpenAI anticipates generating over $1 billion in revenue from AI software and services within the next year.

Portfolio Pulse from Anusuya Lahiri

November 17, 2023 | 11:20 am

NOC

Northrop Grumman Corp (NYSE:NOC) is in advanced talks to produce 120mm tank ammunition in Poland, aiming to expand its European defense production capacity. CEO Kathy J. Warden is seeking the right industrial partners and contract structures. The state-owned PGZ armaments group's Mesko is finalizing negotiations for an offset agreement related to Poland's Abrams tanks purchase, which includes production of ammunition for Bushmaster guns. Northrop Grumman reported a 9% sales growth in Q3 FY23, with a backlog of $83.9 billion. NOC shares saw a slight decrease of 0.24% in the last trading session.

Portfolio Pulse from Lekha Gupta

November 17, 2023 | 10:46 am

GOEV

Canoo Inc. (NASDAQ:GOEV) has landed a significant contract with Prime Time Shuttle for the delivery of up to 550 electric vehicles. The Lifestyle Vehicle (LV) Premium model will be incorporated into Prime Time Shuttle's luxury and airport transportation fleets in the Los Angeles area. Prime Time Shuttle, with operations in 34 states and over 50 million customers since 1984, plans to expand the use of electric vehicles beyond California. Canoo's leadership is optimistic about the deal and California's zero-emission goals.

Portfolio Pulse from Benzinga Neuro

November 17, 2023 | 9:14 am

MYGN

PSNL

Myriad Genetics has entered into an agreement to market Personalis' ImmunoID Next platform to its partners using MyRisk, BRACAnalysis CDx, and MyChoice CDx cancer tests. This collaboration aims to enhance biomarker discovery.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 9:05 am

TSLA

Elon Musk, CEO of Tesla Inc (NASDAQ:TSLA), suggested the possibility of merging Neuralink's brain-computer interface technology with Tesla's Optimus bot to create advanced bionic limbs for amputees. Musk believes that this combination could result in artificial limbs that feel completely natural. This idea was previously discussed during Neuralink's second-quarter earnings call and again when Neuralink began recruiting for its first human clinical trial.

Portfolio Pulse from Anan Ashraf

November 17, 2023 | 8:54 am

AAPL

DTEGF

GOOG

GOOGL

VOD

Apple Inc. (AAPL) has announced that iPhones will support RCS (Rich Communications Services) by 2024, in response to pressure from Google and EU regulators. RCS will enhance messaging features between Android and iPhone users but will not replace iMessage or change the 'Green vs Blue' bubble dynamic. Alphabet Inc.'s Google (GOOG, GOOGL), along with Vodafone Group Plc. (VOD) and Deutsche Telekom AG (DTEGF), had lobbied the EU for interoperability, which is now being addressed by Apple.

Portfolio Pulse from Rounak Jain

November 17, 2023 | 6:49 am

BA

Boeing, in partnership with the U.S. government, has launched an initiative to promote the use of sustainable aviation fuel (SAF) in the Asia-Pacific region. The goal of this initiative is to achieve net-zero emissions by 2050, aligning with global efforts to combat climate change and reduce the aviation industry's carbon footprint.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 6:35 am

SHIBUSD

Shiba Inu (CRYPTO: SHIB) experienced a 1400% increase in its burn rate as 105 million SHIB tokens were sent to a dead wallet. The Manny Pacquiao Foundation announced it will adopt Shiba Inu's Shibarium for fundraising. Crypto analyst Captain Fabik predicts a potential 2x rally for SHIB by December if a current retest is successful. SHIB is trading at $0.0000087, down 1.21% over the last 24 hours.

Portfolio Pulse from Mehab Qureshi

November 17, 2023 | 6:16 am

AMZN

HYMTF

TSLA

Amazon.com Inc (NASDAQ:AMZN) has announced a partnership with Hyundai Motor Co (OTCPK: HYMTF) allowing U.S. consumers to purchase Hyundai cars online through Amazon starting next year. This collaboration will enable customers to search for vehicles based on preferences and have the option for pickup or delivery from local dealerships. Additionally, Hyundai vehicles will have Alexa built-in from 2025. This partnership builds on previous collaborations between Amazon and Hyundai and marks a first-of-its-kind between Amazon and an automaker, differing from Tesla Inc's (NASDAQ:TSLA) direct online sales model.

Portfolio Pulse from Anan Ashraf

November 17, 2023 | 5:34 am

HBI

HanesBrands has entered into a cooperation agreement with Barington Capital and has appointed three new independent directors to its Board: Colin Browne, Natasha Chand, and John Mehas, effective immediately.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:16 pm