Streetbeat News

Partnerships

INFY

NOW

Infosys and ServiceNow have expanded their strategic collaboration to provide end-to-end managed services using AI capabilities. This partnership aims to accelerate ServiceNow implementation for enterprises, including First Abu Dhabi Bank, by 30-40%, leveraging Infosys' ESM Café and Cobalt services.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 10:20 am

ZAPP

Zapp EV has appointed David Mcintyre as its new Chief Operating Officer, effective immediately. Mcintyre, who was previously the Chief Commercial Officer, has a strong background in scaling operations for luxury and performance automotive brands. This move comes as Zapp prepares to expand its operations to additional countries in Europe and Asia.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 10:14 am

TIL

Instil Bio and ImmuneOnco have entered into a license and collaboration agreement. Instil Bio will in-license ex-China development and commercial rights to ImmuneOnco's PD-L1xVEGF bispecific antibody, IMM2510, and next-generation anti-CTLA-4 antibody, IMM27M. ImmuneOnco will receive an upfront payment, potential near-term payments up to $50 million, and potential milestones exceeding $2 billion.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 10:12 am

ECX

VOLVF

Ecarx has sold a minority stake in HaleyTek to Volvo Cars. The terms of the deal were not disclosed. Ecarx will continue to collaborate with Volvo and HaleyTek on developing automotive software.

Portfolio Pulse from charles@benzinga.com

August 01, 2024 | 10:09 am

GLSI

Greenwich LifeSciences (GLSI) has announced an update on the expansion of its clinical sites into Spain. So far, 30 out of 38 sites have conducted site initiation visits (SIVs). Partner GEICAM aims to complete the remaining SIVs in the coming months.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 10:06 am

IGV

ORCL

TRFK

Thailand's AIS partners with Oracle to launch AIS Cloud, the country's first locally owned hyperscale cloud, leveraging Oracle Alloy. This collaboration aims to enhance enterprise solutions and meet data residency and sovereignty needs. Oracle's stock has gained 18% in the last 12 months.

Portfolio Pulse from Lekha Gupta

August 01, 2024 | 9:40 am

LILM

Saudia Group has signed a binding sales agreement with Lilium N.V. (NASDAQ:LILM) for 50 electric Lilium Jets, with an option for 50 more. The agreement was signed at Lilium's HQ in Gauting near Munich.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:54 am

IDCC

InterDigital has signed a new license agreement with Panasonic, covering InterDigital's 4G and 5G cellular, HEVC video, and WiFi patents.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:38 am

BYDDY

TSLA

UBER

Tesla CEO Elon Musk has warned that BYD, a Chinese EV maker backed by Warren Buffett's Berkshire Hathaway, needs to change its approach to vehicle autonomy quickly to avoid becoming obsolete. This comes after a BYD spokesperson stated that fully autonomous driving is 'basically impossible.' The warning coincides with Uber's announcement of a partnership with BYD to bring 100,000 new BYD vehicles onto its platform and collaborate on future autonomous-capable vehicles.

Portfolio Pulse from Anan Ashraf

August 01, 2024 | 8:31 am

AMZN

GOOG

META

MSFT

NVDA

Meta Platforms Inc. (NASDAQ:META) is collaborating with NVIDIA Corp. (NASDAQ:NVDA), Amazon.com Inc (NASDAQ:AMZN) Web Services (AWS), Alphabet Inc.‘s (NASDAQ:GOOG), (NASDAQ:GOOGL) Google Cloud, and Microsoft Corp. (NASDAQ:MSFT) Azure to advance its open-source Llama AI model. This multi-cloud strategy aims to broaden access and accelerate the development of Llama 3.1, Meta's latest AI model. Meta's stock surged by 7.17% in after-hours trading following the announcement.

Portfolio Pulse from Kaustubh Bagalkote

August 01, 2024 | 7:34 am