Streetbeat News

Partnerships

BABA

BIDU

PGJ

SOCL

Baidu Inc. (NASDAQ:BIDU) shares are trading higher in premarket after unveiling an upgraded AI model, Ernie 4.0 Turbo. The new model aims to compete with international counterparts and is part of Baidu's strategy to stay competitive in China's AI market. The company also announced enhancements to its PaddlePaddle AI ecosystem. OpenAI's exit from China presents an opportunity for Baidu and other domestic AI firms like Alibaba Group Holding Ltd. (NYSE:BABA) to attract new users. Investors can gain exposure to Baidu via Invesco Golden Dragon China ETF (NASDAQ:PGJ) and Global X Social Media ETF (NASDAQ:SOCL).

Portfolio Pulse from Shivani Kumaresan

June 28, 2024 | 2:40 pm

GOOG

GOOGL

MSFT

EU antitrust regulators are seeking views on exclusivity clauses in the Microsoft-OpenAI partnership and will not investigate the deal under merger rules due to lack of control. Additionally, the EU is seeking views on Google's AI tech pre-install deal with Samsung and examining talent-driven acquisitions.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 2:35 pm

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares are trading marginally higher following positive comments from analysts and a new partnership with Voyager Space. Analysts from Wedbush Securities and Argus Research have expressed optimism about Palantir's AI capabilities and commercial business momentum. The company recently reported strong earnings and is expected to continue its positive performance in the upcoming earnings report.

Portfolio Pulse from Nabaparna Bhattacharya

June 28, 2024 | 2:35 pm

VRNT

A leading U.S. utility company has signed a multi-year contract with Verint to enhance customer experience (CX) automation and achieve AI-driven business outcomes in its 1,800-agent contact center.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 2:33 pm

AA

RIO

Alcoa and Rio Tinto have announced significant progress on their ELYSIS technology, which aims to eliminate all greenhouse gas emissions from the aluminum smelting process and produce oxygen as a byproduct. Rio Tinto plans to launch the first industrial-scale demonstration of this technology.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 2:08 pm

RBLX

SIX

Six Flags Entertainment has launched a metaverse experience on Roblox, offering virtual roller coasters, Fright Fest mazes, and games. Users can collect Coastercoin for rewards at physical parks, blending virtual and physical worlds. This marks a major milestone in Six Flags' digital transformation.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 2:01 pm

TM

Toyota Motor Corp. (NYSE:TM) is set to launch its first electric vehicle with advanced autonomous driving in China next year. The Bozhi 3X SUV will feature advanced driving assistance for urban and highway settings. Toyota is also collaborating with Momenta Global and Huawei Technologies for future projects. Despite a recent sales drop, Toyota aims to enhance its market share in China with new technologies and cost reductions.

Portfolio Pulse from Shivani Kumaresan

June 28, 2024 | 1:33 pm

BTDR

Bitdeer Technologies Group (NASDAQ:BTDR) shares are trading higher after announcing a lease agreement with the Monroe County Port Authority to secure up to 570 MW of additional power capacity. This increases Bitdeer's total capacity to 2.5 GW globally, enhancing its infrastructure for Bitcoin mining, HPC, and AI. The stock has gained over 60% in the past month and is trading above its 50-day moving average.

Portfolio Pulse from Erica Kollmann

June 28, 2024 | 1:05 pm

MNY

MoneyHero Limited (NASDAQ:MNY) has announced a strategic partnership with Jirnexu Pte. Ltd. to enhance its long-term strategy in the Malaysia market. As part of the deal, MoneyHero's B2C brand CompareHero will be acquired by Jirnexu Sdn. Bhd., while MoneyHero will retain an equity stake in Jirnexu Pte. Ltd. The transaction is expected to close in early July 2024.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 1:03 pm

DYAI

Dyadic International (NASDAQ: DYAI) has entered into a partnership with Proliant Health and Biologicals to develop and commercialize recombinant albumin products. Dyadic will receive an upfront milestone payment of $1.5 million and a share of profits from sales.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 12:40 pm