Streetbeat News

Partnerships

SSTK

Shutterstock is collaborating with Luma Labs AI, RECON Labs' 3Dpresso, and Volinga AI to bring NeRF Generative AI technology to 3D creators globally. The collaboration will explore development and 3D asset publishing on Shutterstock's Turbosquid platform and licensing and distribution of NVOL library assets.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 7:31 pm

CHGG

Chegg Inc's 2Q23 revenue and EPS surpassed analyst's estimates, however, its subscriber counts were below expectations. The company announced a partnership with Scale AI to develop large language models for Chegg's personalized learning assistant. This is a shift from Chegg's prior strategy of leveraging GPT 4.0 for a new offering called CheggMate. The shares of Chegg are trading higher by 4.5%.

Portfolio Pulse from Shivani Kumaresan

August 08, 2023 | 7:19 pm

IAS

IAS has announced a partnership with an undisclosed company to provide advertisers with its pre-bid brand safety and suitability product. The details of the partnership and the potential impact on IAS's business operations or financial performance were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 7:01 pm

GOOG

GOOGL

Google, a subsidiary of Alphabet Inc., is in negotiations with Universal Music over a deal concerning AI 'deepfakes'. The deal aims to use AI technology to create new forms of music and entertainment.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 6:10 pm

BNBUSD

Crypto exchange Binance has become the first to be fully licensed in El Salvador, receiving the Bitcoin Services Provider license and the non-provisional Digital Assets Services Provider license. Binance now has approvals in 18 international markets. The licenses will allow Binance to expand its products and services in El Salvador, working closely with the government to promote cryptocurrency adoption.

Portfolio Pulse from Murtuza Merchant

August 08, 2023 | 5:49 pm

AAPL

AMD

NVDA

SSNLF

TSM

Nvidia Corp's stock is trading lower along with its peers after Moody's downgraded its credit ratings of 10 U.S. banks and placed six others under review for potential downgrades. Nvidia launched the GH200 Grace Hopper platform based on a new Grace Hopper Superchip with the world's first HBM3e processor. Taiwan Semiconductor Manufacturing Company Ltd failed to keep up with Nvidia's demand for AI chip packaging, signaling an opportunity for Samsung Electronics Co, Ltd. Nvidia, along with Apple Inc, Samsung, and Intel Corp, are eyeing stakes in Softbank Group Corp backed British chip designer Arm. Advanced Micro Devices, Inc is considered another beneficiary of AI chips due to Nvidia's demand-supply anomalies.

Portfolio Pulse from Anusuya Lahiri

August 08, 2023 | 5:04 pm

NVDA

NVIDIA has announced a major update to its Omniverse platform, which includes new applications and services for developers and industrial enterprises to enhance their 3D pipelines with the OpenUSD framework and generative AI. The update accelerates the creation of virtual worlds and advanced workflows for industrial digitalization. Key improvements include advancements to Omniverse Kit, the NVIDIA Omniverse Audio2Face foundation app, and spatial-computing capabilities. NVIDIA is also collaborating with global systems manufacturers to bring RTX workstations optimally configured for Omniverse to millions of designers, architects, and engineers.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 4:35 pm

SPOT

Spotify's AI-enhanced DJ feature, which provides algorithmic music recommendations and AI-generated DJ commentary, is expanding to 50 new countries. The feature, available to premium subscription members, combines OpenAI’s proprietary large language model (LLM) technology with Sonantic’s AI voice generation platform. Despite the feature only supporting English, it is available to Spotify Premium users worldwide. The company plans to continue iterating and innovating the experience.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 4:34 pm

NVDA

NVIDIA has announced a range of frameworks, resources, and services to accelerate the adoption of OpenUSD, a 3D framework for building virtual worlds. The company is advancing OpenUSD through NVIDIA Omniverse and a new portfolio of technologies and cloud APIs. NVIDIA's investments in OpenUSD expand on its co-founding of the Alliance for OpenUSD, an organization that will standardize OpenUSD specifications. NVIDIA also announced four new Omniverse Cloud APIs for developers to implement and deploy OpenUSD pipelines and applications.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 4:18 pm

DELL

NVDA

NVIDIA has announced the NVIDIA OVX servers featuring the new NVIDIA L40S GPU, a data center processor designed to accelerate complex applications including AI training and inference, 3D design and visualization, video processing and industrial digitalization. The new GPU powers generative AI, transforming workflows and services across industries. The NVIDIA L40S will be available starting this fall, with global system builders such as ASUS, Dell Technologies, GIGABYTE, HPE, Lenovo, QCT and Supermicro offering OVX systems that include the NVIDIA L40S GPUs.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 4:04 pm