Streetbeat News

Partnerships

AAPL

MSFT

TSLA

Elon Musk has withdrawn his lawsuit against OpenAI and its co-founders, a day after criticizing Apple for partnering with OpenAI. The lawsuit, filed in February, was dismissed without prejudice. Musk's decision follows his threat to ban Apple devices from his companies if Apple integrates OpenAI technology at the OS level. Musk's AI startup, xAI, recently secured $6 billion in Series B funding.

Portfolio Pulse from Ananya Gairola

June 12, 2024 | 1:46 am

BMR

Beamr has announced that its cloud solution is now available in the Oracle Cloud Marketplace. The Beamr Cloud, enabled by NVIDIA accelerated computing, offers AI-ready video processing solutions to Oracle Cloud Infrastructure (OCI) customers.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 10:04 pm

AMC

GME

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares closed up 10% on Tuesday and continued to see volatility in after-hours trading. The movement is linked to GameStop Corp (NYSE:GME) completing its offering program, raising $2.137 billion. Keith Gill's return to social media and his bullish stance on GameStop also influenced AMC's stock.

Portfolio Pulse from Vaishali Prayag

June 11, 2024 | 9:35 pm

GOOG

GOOGL

ORCL

Oracle Corp (NYSE:ORCL) reported Q4 earnings, missing revenue and EPS estimates. Despite this, the stock surged due to strong AI demand, a significant contract with OpenAI, and a new partnership with Google Cloud. Oracle's cloud revenue showed substantial growth, and the company expects continued strong AI demand to drive future sales. Oracle also declared a quarterly dividend.

Portfolio Pulse from Adam Eckert

June 11, 2024 | 8:27 pm

ARML

Armlogi Holding shares are trading higher following the announcement of a strategic partnership with Massimo Group to improve delivery, assembly, and distribution of vehicle components.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:15 pm

ALK

Alaska Airlines has expanded its partnership with British Airways, allowing guests to purchase nonstop British Airways flights between London and several U.S. cities directly on alaskaair.com.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:13 pm

RTO

Rentokil shares are trading higher following a report suggesting Trian has amassed a stake in the company.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:10 pm

BTOC

MAMO

Armlogi Holding has announced a strategic partnership with Massimo Group to enhance the delivery, assembly, and distribution of vehicle components.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:08 pm

MSFT

ORCL

Oracle shares are trading higher despite a Q4 miss. The company announced a partnership with Microsoft and OpenAI to extend the Microsoft Azure AI platform to Oracle Cloud Infrastructure.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:07 pm

GOOG

GOOGL

ORCL

Oracle and Google Cloud have announced a multicloud partnership that will allow Google Cloud to offer Oracle Cloud Infrastructure database services and high-speed network interconnect with Oracle. This partnership aims to simplify cloud migration, multicloud deployment, and management for customers.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:05 pm