Streetbeat News

Partnerships

GOOG

GOOGL

MSFT

NVDA

Microsoft-backed OpenAI aims to generate over $1 billion in revenue over the next 12 months from selling AI software and computing capacity. This comes after Nvidia's successful Q2 results and Google Cloud's plans to expand its AI technology enterprise offering in collaboration with Nvidia. OpenAI's revenue is currently over $80 million monthly, a significant increase from $28 million in 2022.

Portfolio Pulse from Anusuya Lahiri

August 30, 2023 | 1:35 pm

NIO

SDA

SunCar Technology Group has renewed its one-year insurance intermediation service agreement with Nio Auto. This agreement allows SunCar to continue providing insurance services to Nio Auto.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 1:30 pm

HYMTF

KIMTF

Hyundai Motor Co., Ltd. (OTC:HYMTF) (OTC:HYMLF) and Kia Motors Corp. (OTC:KIMTF) have signed a memorandum of understanding with Korea Zinc to collaborate on the nickel value chain for electric vehicle (EV) batteries. Their joint venture, HMG Global, plans to acquire a 5% stake in Korea Zinc for approximately $399 million. The partnership aims to establish a stable nickel supply chain, with supply commencing in 2026. By 2031, the group plans to source 50% of the nickel needed for EV batteries from this partnership.

Portfolio Pulse from Nabaparna Bhattacharya

August 30, 2023 | 1:29 pm

EOSUSD

The EOS Network Foundation and Binance Japan have announced major strides in expanding their presence in Japan. EOS token has received whitelist approval from the Japan Virtual and Crypto Asset Exchange Association (JVCEA), paving the way for EOS to be traded against the Japanese yen on regulated cryptocurrency platforms in Japan. Binance Japan aims to triple its current list of token offerings, targeting a total of 100 tokens in the near future.

Portfolio Pulse from Murtuza Merchant

August 30, 2023 | 1:22 pm

RENB

Renovaro BioSciences has announced a joint effort with GEDiCube to accelerate early diagnosis of cancer in clinical trials. The partnership aims to improve patient outcomes and expedite the development of new treatments.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 1:18 pm

BASE

Couchbase has launched a new partner program, AI Accelerate, to advance AI-powered applications for customers. The program is an expansion of the Couchbase PartnerEngage Ecosystem and aims to make it easier for customers to build modern applications on Capella. MindsDB and Dataworkz are the first to join the new program.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 1:13 pm

AYX

GOOG

GOOGL

Alteryx, Inc. (NYSE:AYX) is expanding its partnership with Google Cloud to provide Looker Studio users with native access to a free limited version of Alteryx Designer Cloud's AI-powered data preparation capabilities and enhanced connectivity. The new integration will initially provide users enhanced cloud connectivity to Excel and CSV files and storage platforms like Sharepoint and OneDrive. This integration expands on Alteryx and Google Cloud's partnership, which includes Google Cloud Dataprep, an intelligent cloud data service that processes more than 1.4 million jobs each month.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 1:11 pm

EJH

E-Home Household Services Holdings Limited (NASDAQ:EJH) has signed property cleaning contracts with Wuhan Lidao Property and Longhu Property, and won a series of electrical maintenance projects. The total value of these contracts and projects is over RMB 22 million. The company's CEO, Mr. Wenshan Xie, sees this as a reflection of the company's strength and a boost to its competitiveness in the market.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 1:10 pm

DELL

Dell Technologies has partnered with Denvr Dataworks to offer cloud solutions for LLM training and inference for organizations using generative AI. This partnership aims to provide advanced AI capabilities to businesses.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 1:03 pm

BABA

BIDU

FXI

KWEB

PDD

Alibaba Group Holding Limited (NYSE:BABA) stock is trading lower in line with the broader indexes IShares China Large-Cap ETF (NYSE:FXI) and KraneShares Trust KraneShares CSI China Internet ETF (NYSE:KWEB). The stocks got some respite Tuesday from PDD Holdings Inc’s (NASDAQ:PDD) upbeat second-quarter results before a selloff. Alibaba, along with other Chinese chip design firms, have formed a patent protection alliance for RISC-V and open-source chip ecosystem to beat the U.S. tech sanctions. Alibaba Cloud also launched a digital transformation lab in Japan.

Portfolio Pulse from Anusuya Lahiri

August 30, 2023 | 12:50 pm