Streetbeat News

Partnerships

AAPL

Craig Federighi, Apple's SVP of software engineering, explained how Apple's AI technology ensures user privacy by processing tasks locally on devices like the iPhone 15 Pro and M-series Macs. Apple also uses Private Cloud Compute (PCC) for server-side AI, which cryptographically destroys data after processing. This comes amid Apple's AI strategy announcement and partnership with OpenAI, integrating ChatGPT into its OS. Elon Musk initially criticized this integration but later appreciated Apple's opt-out option.

Portfolio Pulse from Rounak Jain

June 12, 2024 | 1:24 pm

SYNX

Silynxcom has signed distribution agreements with four new distributors, expanding its reach with three in Asia and one in Europe.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:21 pm

FMCX

KKR

LBO

KKR & Co. Inc. (NYSE:KKR) has made a significant minority investment of $850 million in Quick Quack Car Wash, a rapidly growing car wash chain in the U.S. This investment is expected to drive Quick Quack's growth through innovation, marketing, and expansion. KKR shares are up 2.17% premarket.

Portfolio Pulse from Lekha Gupta

June 12, 2024 | 1:18 pm

ACRDF

ACRHF

ISPR

Ispire Technology Inc. (NASDAQ: ISPR) CEO Michael Wang predicts that vaping will surpass cannabis flower sales within the next 2-3 years. Ispire has seen a 57% year-over-year increase in cannabis-related hardware sales, driven by innovation and strategic expansions. The company has also partnered with Acreage Holdings (OTCQX: ACRDF, ACRHF) and is pioneering regulatory compliance technology.

Portfolio Pulse from Patricio Liddle

June 12, 2024 | 1:16 pm

BLK

MSFT

Microsoft's Satya Nadella and BlackRock's Larry Fink will attend the G-7 summit in Italy to support development initiatives. The summit, co-hosted by Italian Prime Minister Giorgia Meloni and U.S. President Joe Biden, aims to curb migrant arrivals from Africa by investing in the continent's development. Projects on food, climate, and energy security will be unveiled.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 1:15 pm

GTLB

GitLab Inc. has announced the public beta of expanded integrations with Google Cloud, aimed at enhancing developer productivity and efficiency. The integrations will combine GitLab's DevSecOps platform with various Google Cloud services.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:07 pm

AMPL

Amplitude announced six expanded integrations for businesses, introducing a new integration portal that allows partners to build on the Amplitude platform more efficiently.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:07 pm

AAPL

TSLA

OpenAI's CTO Mira Murati defended the company's partnership with Apple against Elon Musk's criticism, emphasizing their commitment to user privacy. The partnership involves integrating ChatGPT into iPhones, with assurances that user data will not be shared or used for training AI models. Musk called the feature 'creepy spyware' and threatened to ban Apple devices from Tesla premises.

Portfolio Pulse from Rounak Jain

June 12, 2024 | 1:05 pm

CWAN

AXA XL's alternative capital team has chosen Clearwater Analytics (NYSE:CWAN) to provide investment accounting services for part of its portfolio. Clearwater Analytics is a leading provider of SaaS-based investment management solutions.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:05 pm

CART

RADCQ

Rite Aid has expanded its partnership with Instacart to offer EBT SNAP online payment options at over 1,400 Rite Aid and Bartell Drugs locations nationwide. This move aims to provide greater access to groceries and pantry essentials for eligible customers, enhancing convenience and well-being.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:04 pm