Streetbeat News

Partnerships

RAYA

Erayak Power Solution Group Inc. (NASDAQ:RAYA) is in discussions with potential strategic partners to expand its market opportunities and product offerings. One potential partner is a diversified energy company in China, and another is a large trading company in the UK. These partnerships could help Erayak develop domestic and international energy solution businesses and produce more electrically powered clean energy products.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 3:10 pm

MU

NVDA

Micron Technology Inc (NASDAQ:MU) has guided for a wider than expected first-quarter loss, causing its shares to drop 2.4%. The company is working to become a supplier to Nvidia Corporation (NASDAQ:NVDA), a leader in the AI market. Micron's fourth quarter revenue topped estimates but still marked a 40% drop due to a security review by China's Cyberspace Administration. The company expects a positive gross margin in the second half of fiscal 2024.

Portfolio Pulse from Upwallstreet

September 28, 2023 | 3:03 pm

WDAY

IntelAgree, an AI-based contract lifecycle management platform, has been named as a launch partner for Workday's new AI Marketplace. The marketplace is a curated online platform of AI and ML apps within the Workday ecosystem. IntelAgree uses machine learning to identify, extract, and analyze text in agreements, turning static contracts into searchable business assets. As a key Workday Access Partner, IntelAgree offers mutual customers improved efficiency and enhanced compliance.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 3:02 pm

MSFT

Mayo Clinic is deploying Microsoft's new generative AI service, Microsoft 365 Copilot, to enhance productivity and automate tasks. The service combines large language models with organizational data from Microsoft 365. Mayo Clinic is testing the service with hundreds of its clinical staff, doctors, and healthcare workers. The AI has the potential to automate administrative tasks, giving healthcare providers more time for patient care.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 3:01 pm

PYPL

Crypto.com has become the preferred platform for PayPal's PYUSD in a partnership with Paxos. Crypto.com has the strongest liquidity for PYUSD trading pairs globally. The exchange has listed the stablecoin for retail and institutional users since its launch in August. Almost 90% of PYUSD tokens are still held in the issuer Paxos Trust’s wallets as it faces difficulties in gaining consumers' interest.

Portfolio Pulse from Khyathi Dalal

September 28, 2023 | 2:49 pm

MBGAF

NIO

TSLA

VWAGY

Nio Inc and Mercedes-Benz have reportedly been in preliminary discussions about a potential collaboration, which could involve investment and technology exchange. However, both companies have denied any such talks. The news highlights a growing trend of collaborations between traditional automakers and new entrants in the automobile industry.

Portfolio Pulse from Shivani Kumaresan

September 28, 2023 | 2:35 pm

SJ

Scienjoy Holding Corporation (NASDAQ:SJ), a Chinese live streaming and entertainment platform provider, has announced key advancements in its metaverse initiatives. The company has established Scienjoy Verse Tech Ltd in the Dubai International Financial Centre, aiming to make it the epicenter of the global metaverse business. Scienjoy has also appointed Dr. Khalifa Al Shimmari as the Chief Strategy Officer of SVTL. Furthermore, Scienjoy has signed a Memorandum of Understanding to acquire 90% shares in NUJOOM ALMASHREQ MEDIA L.L.C, a Dubai-based multi-channel network.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 2:13 pm

AMZN

Amazon Web Services (AWS), a subsidiary of Amazon.com, Inc. (NASDAQ:AMZN), has announced five generative artificial intelligence (AI) innovations. These include the general availability of Amazon Bedrock, a fully managed service that offers foundation models from leading AI companies. AWS also announced the availability of Amazon Titan Embeddings model and the upcoming availability of Meta's Llama 2 model on Amazon Bedrock. AWS is also introducing a new capability for Amazon CodeWhisperer, an AI-powered coding companion, and a preview of Generative Business Intelligence authoring capabilities for Amazon QuickSight. Companies such as adidas, BMW Group, GoDaddy, Merck, NatWest Group, and others are applying these generative AI innovations from AWS to transform their products and services.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:56 pm

EVEX

EWY

Eve Air Mobility (NYSE:EVEX) and South Korea's Moviation have signed a Letter of Intent to purchase Eve's Urban ATM solution, a software solution for Urban Air Mobility (UAM) traffic management. The agreement comes as Eve's Urban ATM concept has been adopted as part of Korea's K-UAM Grand Challenge, a program to support the commercialization of UAM in 2025. Eve is also collaborating with Atech, Embraer's Air Traffic Control technology and system integrator company, for the development of the Urban ATM software solution.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:44 pm

LULU

XPOF

Lululemon Athletica and Xponential Fitness have confirmed their ongoing retail partnership. The details of the partnership were not disclosed in the article.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:28 pm