Streetbeat News

Partnerships

GXO

GXO Logistics has successfully renewed its contract with Mars, a leading consumer packaged goods company, to continue providing logistics services in France. This renewal underscores the strong partnership between GXO and Mars, and highlights GXO's capability in delivering efficient logistics solutions.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:18 am

CYN

Cyngn Inc. has been selected to provide DriveMod Tuggers for industrial automation to John Deere's Dubuque, Iowa operation. Cyngn specializes in AI-powered autonomous vehicle and data solutions.

Portfolio Pulse from Charles Gross

April 23, 2024 | 11:09 am

SOL

Emeren and Nuveen Infrastructure have completed a significant milestone by finalizing a 354 MWp battery storage portfolio in Italy, boasting a capacity of 2.83 GWh. This development marks a substantial advancement in Italy's energy storage capabilities and represents a significant investment in sustainable energy infrastructure.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:10 am

LIN

Linde (NASDAQ:LIN) has entered into two agreements with China South Steel, part of China Baowu Steel Group, to de-captivate and upgrade an air separation unit (ASU) at China South Steel's plant in Shaoguan, Guangdong Province. This expansion brings Linde's total on-site production capacity in Shaoguan to about 130,000 cubic meters per hour.

Portfolio Pulse from Charles Gross

April 23, 2024 | 10:08 am

AAPL

GOOGL

MSFT

Microsoft Corp. has introduced Phi-3 Mini, a new AI model with 3.8 billion parameters, marking it as the smallest yet in its Phi series, and comparable in capability to OpenAI's GPT-3.5. The model, designed for lower capacity devices, is now available on Azure, Hugging Face, and Ollama. This release is part of Microsoft's strategy to develop lightweight AI models suitable for personal devices. Meanwhile, Apple Inc. is in the process of negotiating the licensing of Alphabet Inc.'s Google Gemini AI for iPhones.

Portfolio Pulse from Rounak Jain

April 23, 2024 | 10:07 am

AVDE

AVSD

BCS

UBS

UBS Group AG is planning to open a new office in Menlo Park, California, targeting the technology sector with the hire of Sean Lynch from Barclays Plc. The move aims to capitalize on the expected increase in dealmaking and IPOs, positioning UBS alongside competitors like Morgan Stanley and JP Morgan Chase & Co in Silicon Valley. UBS's stock has seen a 36% increase over the past year, with exposure available through ETFs like AVDE and AVSD.

Portfolio Pulse from Nabaparna Bhattacharya

April 23, 2024 | 9:51 am

NVDA

SFTBY

SoftBank Group Corp plans to invest $960 million in developing a Japanese-language-specific generative AI model using NVIDIA Corp chips. This investment aims to significantly enhance Japan's computing capabilities and position SoftBank as a leader in the AI space. The investment will be spread over 2024 and 2025, adding to SoftBank's previous investments in computing infrastructure. This move aligns with SoftBank's focus on AI and chip development, potentially challenging NVIDIA in the AI market.

Portfolio Pulse from Benzinga Neuro

April 23, 2024 | 9:26 am

JKS

JinkoSolar has announced an agreement to supply Nyox, an Italian renewable energy solutions company, with 100MW of its Tiger Neo modules. This deal underscores JinkoSolar's continued expansion in the renewable energy sector and its commitment to supporting global renewable energy adoption.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 9:14 am

GOOG

META

QCOM

Meta Platforms Inc. (NASDAQ:META) is opening its Quest operating system to third-party hardware manufacturers, emulating Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) strategy with Android. This move aims to create a new ecosystem for mixed-reality devices, leveraging partnerships with technology firms and Qualcomm Inc. (NASDAQ:QCOM). Meta's approach mirrors Google's with Android, aiming to standardize the mixed-reality market and benefit from economies of scale. Meta's stock saw a slight increase of 0.14% to close at $481.73.

Portfolio Pulse from Rounak Jain

April 23, 2024 | 8:18 am

PEV

Phoenix Motor Inc. (PEV) has announced a partnership with Cennatic to provide commercial electric vehicle (EV) battery solutions. This collaboration aims to enhance Phoenix Motor's EV offerings by integrating Cennatic's advanced battery technology, potentially improving the performance and reliability of Phoenix Motor's commercial EVs. The partnership is expected to strengthen Phoenix Motor's position in the EV market by expanding its product line and offering more competitive EV solutions.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 7:47 am