Streetbeat News

Partnerships

EH

EHang Holdings Limited (NASDAQ:EH) has entered into a strategic cooperation agreement with the Hefei Municipal Government for the joint development of a low-altitude economy ecosystem in Hefei City, Anhui Province. The Hefei Municipal Government intends to provide EHang support in the form of coordinating or facilitating purchase orders, for no less than 100 units of the EH216 series UAVs, and financing support, amounting to a total of US$100 million. EHang intends to set up its regional headquarters for Eastern China in Hefei to promote UAV production, sales, and operations and accelerate UAM adoption in the area.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:30 pm

AAPL

BYDDF

LI

NIO

TSLA

XPEV

BYD Company Limited's shares jumped 7% after announcing it would report record quarterly earnings this month. The company expects net profits in Q3 to be between $1.3 billion and $1.4 billion, a 67% to 102% increase from last year. BYD's EV sales hit a record volume, and its handset components business performed well due to its partnership with Apple. Despite stronger overall performance, BYD is trading at a significant discount compared to rivals Tesla, XPeng, Li Auto, and Nio.

Portfolio Pulse from Daniel Harrison

October 18, 2023 | 1:17 pm

GOOG

GOOGL

QCOM

Qualcomm Inc (QCOM) is expanding its collaboration with Alphabet Inc (GOOG, GOOGL) to develop a RISC-V-based wearables solution for use with Wear OS by Google. This will enable more products within the ecosystem to use custom CPUs that are low power and high performance. Both companies will continue to invest in Snapdragon Wear platforms, the leading smartwatch silicon provider for the Wear OS ecosystem. QCOM shares traded lower by 1.22% at $110.83 premarket.

Portfolio Pulse from Anusuya Lahiri

October 18, 2023 | 1:16 pm

NVDA

Nvidia's Omniverse platform and Marmoset Toolbag software are enhancing 3D art production workflows with increased support for Universal Scene Description (OpenUSD). The latest release of Marmoset Toolbag, version 4.06, offers seamless compatibility with Omniverse, enabling improved interoperability, accelerated rendering, real-time visualization, and efficient performance. The software is being used by creators like Armin Halač, askNK, Daniel Bauer, Gianluca Squillace, and Pasquale Scionti to streamline their creative processes and enhance collaboration.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:15 pm

PTC

OnProcess and PTC have announced a product partnership to deliver next-generation sustainable service supply chain solutions. The collaboration will enhance recovery and planning operations via the Agora Connector powered by Servigistics, a tool that enables a two-way data flow between PTC's Servigistics service parts optimization platform and OnProcess's reverse logistics Agora platform. The Connector maximizes the reintroduction of used components back into the supply chain, allowing clients to increase their after-sales agility by reusing and refurbishing valuable materials and parts.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:10 pm

CCLD

GOOGL

CareCloud has introduced CirrusAI, a healthcare AI platform powered by Google Cloud's Vertex AI. The platform aims to reshape healthcare professionals' patient care and office workflows. Initial functions include AI-powered clinical decision support, virtual support assistant, and AI-driven appeals. These features are expected to enhance diagnosis accuracy, streamline staff training, and optimize revenue cycle management.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:02 pm

SOFO

Sonic Foundry, Inc. (NASDAQ:SOFO) has announced a partnership with Virtual Internships through its Global Learning Exchange (GLX) business. The partnership will provide GLX students with remote internship opportunities in their chosen field. Virtual Internships has a global network of 13,000+ host companies in 80+ countries, ensuring placement for students regardless of their location or background. The partnership aligns with both organizations' mission to increase access to valuable experiential learning opportunities.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:01 pm

AVCO

Avalon GloboCare has partnered with Qi Diagnostics to co-develop international multi-center clinical studies for the DKAir Breathalyzer device, aimed at early detection of Diabetic Ketoacidosis.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:01 pm

SQ

Square has announced 10 new generative AI features that sellers can use to automate operations, speed up workflows, and save time. These tools are integrated into Square's business software and aim to help businesses manage their operations more efficiently. The new features include a menu generator for restaurants, AI-generated backgrounds for e-commerce sellers, AI-generated content for public sites, item descriptions, and marketing content, and AI-enabled tools for onboarding and setup. The company aims to help businesses of all sizes scale their operations and take advantage of these new innovations.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:01 pm

VVPR

VivoPower International PLC (VVPR) has signed a joint venture agreement with Geminum, a digital twin technology company. The partnership aims to design, test, and implement digital twins of Tembo electric utility vehicles and VivoPower's sustainable energy solutions. The digital twins will help corporations optimize total cost of ownership and capture near real-time analytics and carbon abatement data. The partnership will also provide mining industry expertise to assist Tembo with the development of solutions for remote owner operators.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:00 pm