Streetbeat News

Partnerships

GOOG

SKM

AI startup Anthropic has secured a $100 million investment from South Korean telecommunications company, SK Telecom Co Ltd (NYSE:SKM). The investment comes three months after Anthropic’s Series C funding round which raised $450 million. SK Telecom plans to partner with Anthropic to develop a multilingual large language model for international telecommunications corporations. Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) also invested $300 million in Anthropic to secure a 10% stake.

Portfolio Pulse from AJ Fabino

August 14, 2023 | 4:17 pm

HRYU

Hanryu has announced a partnership with SALTLUX for the development of an AI-powered conversational virtual assistant on its K-culture fandom application, FANTOO. This has led to a rise in Hanryu's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 4:04 pm

GE

GE Vernova is set to acquire Greenbird Integration Technology AS, a company specializing in data platforms for utilities. The acquisition will enhance GE Vernova's GridOS, a comprehensive suite of grid orchestration software, by enabling it to aggregate more information from multiple systems. This will allow grid operators to assemble a real-time snapshot of conditions throughout the grid. The move is expected to facilitate the transition to more renewable energy and help manage the increasing complexity of grid operation.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 3:53 pm

CURLF

LFLY

MAPS

Benzinga is hosting a Cannabis Capital Conference featuring industry figures from WM Technology, Inc. (NASDAQ:MAPS), Leafly Holdings Inc. (NASDAQ:LFLY), and others. The event will focus on digital strategies for cannabis brands. Several new cannabis products were also announced, including offerings from 22Red, Curaleaf Holdings, Inc. (OTCQX:CURLF), Ripple, Boston Hemp Inc., Indiva Limited, and Glow LifeTech Corp.

Portfolio Pulse from Joana Scopel

August 14, 2023 | 2:19 pm

MRNA

UMass Chan Medical School has announced a study to examine the transmission of cytomegalovirus (CMV) in early education settings. The study, in collaboration with biotech company Moderna, will investigate how CMV spreads among children and households. The findings will inform the design of CMV prevention strategies. CMV is the most common infectious cause of birth defects globally, and the study aims to reduce its spread in group settings.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 2:01 pm

DIS

Bob Iger, former CEO of Disney, is reportedly consulting Warren Buffett and others about his streaming options. This comes during a time when Disney is exploring all possible options, although there seem to be limited choices available.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 1:46 pm

BA

EADSY

Boeing Co is reportedly leading in negotiations with Indian carrier IndiGo for an order of approximately 25 wide-body aircraft. IndiGo is considering Boeing's 787 family of twin-aisle aircraft, which is competing against Airbus SE's A330neo jets. The decision has not been finalized yet. Recently, IndiGo placed an order for 500 Airbus narrow-body jets.

Portfolio Pulse from Akanksha Bakshi

August 14, 2023 | 1:30 pm

EPOW

Sunrise New Energy has announced that it has passed a factory inspection and has delivered an order to CATL. The company shipped 30 tons of graphite anode to CATL last week and plans to provide 80,000 tons of products over the next two years.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 1:27 pm

ACHR

ARKK

STLA

UAL

Archer Aviation Inc. (ACHR) is closing an oversubscribed PIPE as part of a $215M investment round led by Stellantis. Key investors in the PIPE include ARK Investment Management LLC (ARKK) and United Airlines (UAL). The investment round, combined with Stellantis' $70M acceleration, will bring Archer's total funding to over $1.1B. The funds will be used for working capital and general corporate purposes, including the continued development of Archer's aircraft and related technology.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 1:22 pm

EVGRF

NWTN

NWTN Inc. has announced a strategic investment of $500 million in China Evergrande New Energy Vehicle Group Ltd. (EVGRF), acquiring approximately 27.50% of the total number of enlarged issued ordinary shares of EVGRF. The transaction is expected to close in Q4 2023. This move aims to accelerate NWTN's development in the electric vehicle space and facilitate EVGRF's research, development, and mass production of new car models for export overseas.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 1:13 pm