Streetbeat News

Partnerships

AHI

Advanced Health Intelligence Ltd (AHI) has entered into a collaboration agreement with Bin Farhood International Business Management Group, a subsidiary of Dr O Group, to deploy AHI's technology throughout the Middle East and North Africa (MENA) region. The partnership aims to redefine healthcare and promote health excellence in the region. Bin Farhood Group will receive a monthly consulting fee and a revenue share of 10% on gross sales from contracts introduced by them. The group may also receive fees from any investment into AHI introduced by them.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 4:01 pm

INDA

SPY

President Biden and India's PM Modi have reiterated their support for building global semiconductor supply chains, according to a joint statement cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 3:53 pm

PLTR

Palantir Technologies Inc. (NYSE:PLTR) has signed a deal with Policlinico Gemelli to implement AI-based digital medicine research solutions. Policlinico Gemelli's digital research center, Generator RWD, will use Palantir Foundry to manage healthcare data. Palantir's CEO Alex Karp stated that the demand for their AI platform is unprecedented, with over 300 additional enterprises in discussions to deploy it.

Portfolio Pulse from Nabaparna Bhattacharya

September 08, 2023 | 3:40 pm

AAPL

NVDA

QQQ

SFTBF

SFTBY

SPY

Nvidia Corp's stock remained unstable after a two-day slide due to rising Treasury yields and China's retaliatory move against Apple Inc's iPhone. Broader indexes represented by SPDR S&P 500 and Invesco QQQ Trust lost close to 2% this week. Nvidia's former acquisition target Arm Ltd shared ambitious forecasts driven by the demand for chips in data centers and AI. Nvidia also collaborated with Mukesh Ambani's Reliance Industries, marking Reliance Jio Infocomm and Reliance Industries' telecom's foray into AI.

Portfolio Pulse from Anusuya Lahiri

September 08, 2023 | 3:36 pm

BABA

Alibaba's affiliate company, Ant Group, has launched a new blockchain service, ZAN, targeting Hong Kong, Singapore, and overseas markets to expand its global Web3 presence. The service offers a range of blockchain application development products and services for both institutional and individual Web3 developers. Ant Group began piloting ZAN’s technical services in early 2023, and its e-KYC feature has been adopted by HashKey Group, a Hong Kong crypto firm.

Portfolio Pulse from Khyathi Dalal

September 08, 2023 | 3:33 pm

INTC

Analyst Ming-Chi Kuo suggests that Intel will likely use its 18A advanced node to manufacture ARM's own chips, which will benefit Intel's foundry business. The collaboration between ARM and Intel is expected to reduce cost and risk for customers using ARM IP to adopt Intel 18A. ARM's own chips are unlikely to compete with existing smartphone customers, but successful shipments could attract orders from other customers, especially for HPC/computing applications.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 3:25 pm

NVDA

NVIDIA has announced a collaboration with Tata Group to deliver AI computing infrastructure and platforms for developing AI solutions. The partnership aims to build an AI supercomputer powered by NVIDIA's GH200 Grace Hopper Superchip. The collaboration will also see the development of an AI cloud in India, which will be used by Tata Communications and TCS. The partnership is expected to catalyze AI-led transformation across Tata Group companies.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 2:18 pm

COIN

Coinbase Ventures, the investment arm of Coinbase (NASDAQ:COIN), has announced an initial round of investments into six projects from the Base Ecosystem Fund. The projects include Avantis, BSX, Onboard, OpenCover, Paragraph, and Truflation. The investment amounts remain undisclosed. This move marks Coinbase Ventures' interest in promoting economic freedom and innovation, and expanding the reach of decentralized technologies. Additionally, Coinbase launched a new cryptocurrency lending service for U.S. institutional investors, which received a significant $57 million investment from institutions.

Portfolio Pulse from Khyathi Dalal

September 08, 2023 | 1:48 pm

BBBY

JPM

NVDA

TSLA

JPMorgan is reportedly working on a blockchain payment system, which has led to a spike in Bitcoin, Ethereum, and Dogecoin. Tesla's Supercharger network has expanded to 50,000 stations worldwide. NVIDIA and Reliance Industries are collaborating to create AI infrastructure. Goldman Sachs is planning further workforce reductions after earlier layoffs. Ryan Cohen is reportedly under SEC investigation over his trades in Bed Bath & Beyond.

Portfolio Pulse from Akanksha Bakshi

September 08, 2023 | 1:34 pm

BIOC

PSTV

Biocept Inc (BIOC) shares are trading higher after the company signed a non-exclusive licensing agreement for CNSide with Plus Therapeutics Inc (PSTV). The agreement expands the laboratory services agreement between the two companies. Plus Therapeutics is using CNSide in a clinical trial to treat patients with carcinomas and/or melanomas. Plus will pay Biocept an upfront fee of $150,000 in stock, plus $6,000 per CSF tumor cell enumeration analysis performed in Biocept's laboratory before the completion of the technology transfer.

Portfolio Pulse from Vandana Singh

September 08, 2023 | 1:18 pm