Streetbeat News

Partnerships

LH

Geneoscopy Inc. has entered into a strategic multi-year collaboration with Labcorp (NYSE:LH) to distribute Geneoscopy's noninvasive colorectal cancer screening test, pending FDA approval. The test, which allows at-home collection and has shown high sensitivity in clinical trials, aims to improve early cancer detection and access to screening. Labcorp will offer the test through its extensive network, addressing health inequities and potentially saving lives by detecting cancer in younger populations where incidence is rising.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:57 pm

AMZN

SNAP

Amazon has confirmed a deal with Snap to allow purchases of Amazon products directly from ads within the Snapchat app. This mirrors a similar ad partnership with Meta Platforms for Instagram and Facebook. The strategy aims to facilitate purchases without visiting Amazon's website, competing with TikTok's and Shein's growing online shopping presence.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:36 pm

BDC

MTTR

Matterport, Inc. (MTTR) and Belden Inc. (BDC) have formed a global alliance to provide 3D digital twin-powered connectivity solutions for facilities management. This partnership leverages Matterport's 3D digital twin platform and Belden's network infrastructure expertise to support industrial automation, smart buildings, and sustainable manufacturing. The collaboration aims to enhance asset performance and production monitoring while reducing CO2 emissions. Both companies are part of the AWS Partner Network and will work with AWS to deliver operational transformation solutions.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:25 pm

GETY

OMC

Omnicom (NYSE:OMC) has entered into a collaboration with Getty Images (NYSE:GETY) for early access to Generative AI by Getty Images. This AI tool, integrated into Omnicom's Omni system, allows the creation of on-brand content for marketers. The tool is legally safe and indemnified for commercial use, developed using NVIDIA's Edify model architecture. Both companies emphasize responsible AI practices, with Omnicom part of the C2PA and CAI initiatives, and Getty Images advocating for regulatory principles in AI-generated content.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:23 pm

UDMY

McLaren Racing has announced a multi-year partnership with Udemy (NASDAQ:UDMY), making Udemy the Official Learning and Skills Partner across McLaren's racing series. This partnership marks Udemy's first foray into motorsports and will involve providing Udemy Business licenses to McLaren Racing's team for upskilling. Udemy branding will appear on McLaren Formula E Team's race cars and team kit, as well as on the helmets of McLaren F1 drivers in the 2024 season.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:22 pm

VLD

Valiant Products, a contract manufacturer, has purchased a Sapphire XC metal 3D printer from Velo3D, Inc. (VLD) to enhance its additive manufacturing capabilities for aerospace customers. The printer, which will be operated at Valiant's Florida facility, is calibrated for Inconel 718, a nickel-based alloy used in aerospace parts. Valiant plans to upgrade to a Sapphire XC 1MZ for larger parts. Velo3D's technology allows for the production of lighter, more performant parts and strengthens supply chains through its contract manufacturing network.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:22 pm

INTC

Eclypsium has announced a collaboration with Intel to enhance supply chain visibility through the Eclypsium Supply Chain Security Platform. This platform aims to improve detection times, security posture, and hardware lifecycle management, while also aiding in regulatory compliance and reducing supply chain risks. The collaboration addresses the increasing threat of firmware attacks and the need for transparency in the digital supply chain. Intel's Endpoint Cloud Services, including Intel Transparent Supply Chain and Intel Device Health, will provide insights for vulnerability management and supply chain risk, enabling organizations to protect against threats and verify component authenticity.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:20 pm

AMZN

Mitsubishi UFJ Financial Group (MUFG) has entered into a multiyear global agreement with Amazon Web Services (AWS) to accelerate its digital transformation. MUFG will leverage AWS's cloud technologies, including generative AI and machine learning, to improve customer service, automate processes, and develop new digital financial products. The shift to AWS has already reduced MUFG's IT operating costs by 20% and increased productivity by 30% in some areas. MUFG is also using AWS tools like Amazon SageMaker, Amazon Redshift, and Amazon QuickSight to enhance data analysis, trading, and employee engagement.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:17 pm

AI

AMZN

C3 AI has expanded its Strategic Collaboration Agreement with Amazon Web Services to enhance the development of the C3 Generative AI Suite for AWS Marketplace. This collaboration aims to deliver AI solutions for various industries, including manufacturing, power & utilities, and consumer packaged goods, and also focuses on government solutions. The partnership leverages AWS's scalability and C3 AI's enterprise AI software to accelerate digital transformation and democratize AI, with applications like C3 AI Law Enforcement aiding in real-time data analysis for investigations. The C3 AI Suite and applications are available on AWS Marketplace.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:15 pm

IVDA

Iveda (NASDAQ:IVDA) has successfully delivered a $200,000 contract with Waymark Gardens, providing AI and IoT-enabled telehealth and fall detection technology to support residents. The IvedaCare kits include IvedaAI appliance hardware and software, along with proprietary IoT-enabled sensors and devices. This follows an eight-year Veteran Affairs contract worth $1.032 billion, positioning IvedaCare for potential expansion to 4,000 additional care facilities. IvedaCare's AI-driven software assists short-handed care providers by learning user patterns and reducing false alarms, while offering real-time alerts to families through the Trusted Circle app. Waymark Gardens aims to use this technology as a model for future senior living facilities.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:11 pm