Streetbeat News

Partnerships

META

Meta Platforms' AI chief Yann LeCun suggested that Elon Musk could use a new paper from Meta's FAIR team to improve xAI's Grok. The paper introduces CoPE, a new positional encoding method for transformers. This comes amidst an ongoing feud between LeCun and Musk, who recently secured $6 billion in Series B funding for xAI.

Portfolio Pulse from Ananya Gairola

May 30, 2024 | 7:21 am

ORCL

Oracle plans to open two Oracle Cloud Regions in Morocco to provide enterprise cloud services to local and regional organizations across Africa. This will help customers migrate mission-critical workloads to Oracle Cloud Infrastructure (OCI) and comply with local regulations.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 7:01 am

EVO

Evotec has partnered with Inserm and Lille University Hospital to expand its molecular patient database in metabolic diseases, particularly obesity. The collaboration will leverage Evotec's PanOmics technologies and human biological samples from Lille University Hospital to identify and validate novel mechanisms in obesity and metabolic diseases.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 6:45 am

AMZN

Amazon and Grubhub have partnered to offer Prime members access to Grubhub+ with benefits like $0 delivery fees, lower service fees, 5% credit back on pick-up orders, and exclusive offers. This partnership provides a $120 annual value and a limited-time $5 discount on orders over $25 until June 2.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 6:37 am

ACN

BBY

GOOGL

Best Buy (NYSE:BBY) is expected to report lower Q1 earnings on May 30, with analysts forecasting $1.08 per share, down from $1.15 last year. Revenue is projected at $8.96 billion. Recent analyst ratings vary, with some maintaining neutral positions and others upgrading to outperform. Best Buy recently collaborated with Google Cloud and Accenture on generative AI to enhance customer experience.

Portfolio Pulse from Avi Kapoor

May 30, 2024 | 6:12 am

AAPL

GOOG

GOOGL

Apple Inc. (NASDAQ:AAPL) is reportedly developing a TV+ app for Android, seeking to hire a senior engineer to lead the project. This move indicates Apple's intent to expand its video streaming market presence by reaching Android users, despite the rivalry with Alphabet Inc.'s (NASDAQ:GOOG, NASDAQ:GOOGL) Android platform.

Portfolio Pulse from Ananya Gairola

May 30, 2024 | 4:32 am

AAPL

MSFT

Apple Inc. (NASDAQ:AAPL) has reportedly reached an agreement with OpenAI to integrate ChatGPT into iOS 18, despite potential internal opposition. This partnership could open significant AI revenue opportunities for Apple, as noted by Wedbush’s Dan Ives. The specifics of the agreement remain undisclosed, and Apple may reveal more details at the WWDC keynote on June 10.

Portfolio Pulse from Ananya Gairola

May 30, 2024 | 3:25 am

ASTS

CRM

DIS

PLTR

TSLA

On Wednesday, key U.S. indices closed lower, with notable movements in stocks like Palantir Technologies, AST SpaceMobile, Salesforce, Disney, and Tesla. Palantir expanded its partnership with Eaton Corporation, AST SpaceMobile surged on news of a collaboration with Verizon, Salesforce reported mixed earnings, Disney faced executive departures, and Tesla saw speculation about Elon Musk's potential advisory role for Donald Trump.

Portfolio Pulse from Benzinga Neuro

May 30, 2024 | 2:04 am

COIN

DASH

HRB

IHRT

MCD

PEP

SNY

YUM

VeeCon 2024, hosted by Gary Vaynerchuk, will take place in Los Angeles from August 9-11. The event will feature speakers from various industries, including Linda Yaccarino (X), Bob Pittman (iHeartMedia), Claudine Patel (Sanofi), Glen Walter (Tropicana Brands/PepsiCo), Jill Cress (H&R Block), Leslie Berland (Verizon), Sean Tresvant (Taco Bell/Yum! Brands), Stanley Tang (DoorDash), and Tariq Hassan (McDonald's). VeeCon 2024 will partner with Coinbase's Layer-2 network Base for ticketing.

Portfolio Pulse from Chris Katje

May 29, 2024 | 10:23 pm

EWJ

SPY

U.S. and Japan will hold their first weapons cooperation meeting in Tokyo on June 10-11 to discuss weapon development and co-production of Patriot surface-to-air missiles.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 9:07 pm