Streetbeat News

Partnerships

HYMTF

TSLA

LG Energy Solution (LGES) and Hyundai Motor Co (OTC:HYMTF) announced a $4.3 billion joint venture to produce EV batteries in the US. The facility, with an annual production capacity of 30 GWh, will be located in Bryan County, Georgia, and is expected to start battery production by the end of 2025.

Portfolio Pulse from Anusuya Lahiri

May 26, 2023 | 11:39 am

BABA

BIDU

Baidu CEO Robin Li announced plans to launch Ernie 3.5, a generative AI large-language model that will power Baidu's ChatGPT-like app Ernie Bot and upgrade its search engine. This comes two months after Ernie Bot received mixed reviews. Alibaba's DAMO Academy is also working to incorporate a large-scale model into its Tmall Genie.

Portfolio Pulse from Anusuya Lahiri

May 26, 2023 | 11:37 am

HYMTF

Hyundai Motor Company and LG Energy Solution announced a $4.3 billion joint venture to manufacture EV battery cells in the US. The facility will be located in Georgia and have an annual production capacity of 30 GWh. Construction will begin in 2023, with battery production starting by the end of 2025.

Portfolio Pulse from Shivani Kumaresan

May 26, 2023 | 11:22 am

COHR

MIELF

MIELY

Coherent and Mitsubishi Electric have partnered to scale the manufacturing of SiC power electronics on a 200 mm technology platform. The collaboration aims to meet the growing demand for SiC power devices in various industries.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 10:06 am

MA

UniCredit and Mastercard have expanded their payment partnership, creating a single card multi-market strategy across 13 European banks. This marks the first time a large commercial bank has implemented such a strategy in Europe.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 10:03 am

FXI

MRNA

Moderna has confirmed the incorporation of a legal entity in China, as the company explores opportunities to bring its mRNA platform to the Chinese market.

Portfolio Pulse from Charles Gross

May 26, 2023 | 9:40 am

FXI

MRNA

Moderna has registered a biotech firm in Shanghai with a capital of $100 million, according to local media reports.

Portfolio Pulse from Charles Gross

May 26, 2023 | 9:27 am

JG

Aurora Mobile's subsidiary SendCloud has entered into a strategic partnership with a leading AI chip company to provide high-efficiency email services. Aurora Mobile is a leading provider of customer engagement and marketing technology services in China.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 9:15 am

BNTX

PFE

VGK

Pfizer and BioNTech have agreed to amend their COVID-19 vaccine contract with the European Union, reducing the number of vaccines the EU must purchase.

Portfolio Pulse from Charles Gross

May 26, 2023 | 8:44 am

GOOG

GOOGL

MSFT

LinkedIn co-founder Reid Hoffman discussed the impact of AI on the job market, emphasizing its potential to disrupt traditional jobs and provide opportunities for worker upskilling and adaption. Major tech companies, including Microsoft and Alphabet, are in an AI arms race, with concerns raised about potential job losses associated with AI advancements.

Portfolio Pulse from Ananya Gairola

May 26, 2023 | 8:22 am