Streetbeat News

Partnerships

MSFT

NSIT

QCOM

Insight Enterprises (NASDAQ:NSIT) will be among the first to adopt Windows-based AI PCs with dedicated neural processing units powered by Qualcomm Snapdragon X Elite processors. These devices will feature the new Windows 11 always-on AI experience with Copilot+.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 2:00 pm

FMCX

KKR

LBO

KKR & Co. Inc. (NYSE: KKR) has acquired a significant minority stake in Infinx, a healthcare tech company specializing in revenue cycle management solutions. The investment aims to leverage KKR's expertise to drive Infinx's growth and aid in bolt-on acquisitions. Norwest Venture Partners also participated in the transaction. KKR's cash and investments stood at $14.6 billion as of the first quarter-end. Investors can gain exposure to KKR through Northern Lights Fund Trust IV FMC Excelsior Focus Equity ETF (NYSE: FMCX) and EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS: LBO).

Portfolio Pulse from Lekha Gupta

May 21, 2024 | 1:57 pm

LOOP

ONON

Loop Industries, Inc. (NASDAQ:LOOP) has announced a collaboration with Swiss sportswear brand On to launch the Cloudeasy Cyclon shoe, which features an upper made from Loop's 100% recycled polyester fiber using their Infinite Loop™ fiber-to-fiber recycling technology.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:53 pm

WIX

Usercentrics has partnered with Wix to launch Cookiebot™ for Wix, a consent management solution aimed at simplifying privacy compliance for website owners. This collaboration is expected to enhance Wix's offerings in data privacy and compliance.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:48 pm

GFS

GlobalFoundries (NASDAQ:GFS) and Micron Technology (NASDAQ:MU) have partnered with the U.S. National Science Foundation to invest in workforce development at Minority Serving Institutions. This initiative aims to diversify the semiconductor workforce and build robust talent pathways through education and career reentry initiatives.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:47 pm

AMD

GOOG

GOOGL

INTC

META

MSFT

NVDA

QCOM

Nvidia's dominance in AI hardware is being challenged as industry giants support OpenAI's new developer software, Triton, which aims to reduce reliance on Nvidia's Cuda platform. Major companies like Intel, AMD, Qualcomm, Meta, Microsoft, and Alphabet are contributing to this initiative.

Portfolio Pulse from Anusuya Lahiri

May 21, 2024 | 1:44 pm

Planet Labs PBC (NYSE:PL) has expanded its commercial partnership with BASF Digital Farming GmbH. BASF Digital Farming will increase its use of Planet's satellite data products to enhance its xarvio® Digital Farming Solutions.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:43 pm

ADBE

AMZN

CRM

DOGG

IBM

TDVI

IBM announced several strategic initiatives, including making its Granite model series available on Salesforce's Einstein 1 platform, partnering with AWS for AI governance, collaborating with Adobe on hybrid cloud and AI, and launching new consulting services. IBM stock has gained over 33% in the past year.

Portfolio Pulse from Nabaparna Bhattacharya

May 21, 2024 | 1:30 pm

NCI

Neo-Concept International (NCI) has signed a Memorandum of Understanding (MoU) with Liwa Trading Enterprises to establish a joint venture in the UAE. This partnership aims to leverage both companies' strengths to expand the reach of apparel products and services in the UAE and the Gulf Cooperation Council region.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:25 pm

BABA

BIDU

MSFT

ONLN

PGJ

TCEHY

Alibaba has significantly reduced prices on its AI services, sparking a price war in China's AI sector. Competitors like Baidu and ByteDance have responded with their own aggressive pricing strategies. This move is part of a broader trend of heavy investment in AI by Chinese tech giants, including Tencent and JD.com. Alibaba's stock has seen a slight gain over the past year but is currently trading lower in premarket. The company has also canceled plans to spin off its cloud segment and is focusing on expanding its public cloud services.

Portfolio Pulse from Shivani Kumaresan

May 21, 2024 | 1:24 pm