Streetbeat News

Partnerships

MSFT

The UK Competition and Markets Authority (CMA) has decided that Microsoft's partnership with Mistral AI does not qualify for investigation under the merger provisions of the Enterprise Act 2002.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 11:04 am

BP

EQNR

ICOW

PWER

Equinor ASA (NYSE:EQNR) has received final approval from the New York State Public Service Commission to start building its Empire Wind 1 offshore wind farm, expected to contribute to New York's goal of 9,000 MW of offshore wind power by 2035. The project is scheduled to start producing power in 2026. Equinor recently entered a strategic partnership with Standard Lithium Ltd and reported Q1 FY24 revenue of $24.79 billion, beating consensus estimates.

Portfolio Pulse from Lekha Gupta

May 17, 2024 | 10:18 am

AMD

AMZN

IYW

MSFT

NVDA

SNOW

XLK

Microsoft plans to introduce AMD's AI chips to its Azure cloud service, aiming to rival Nvidia's GPUs. This move is expected to enhance Azure's AI capabilities and alleviate the demand for Nvidia's GPUs. Microsoft will also preview new custom processors at the upcoming Build developer conference.

Portfolio Pulse from Shivani Kumaresan

May 17, 2024 | 10:05 am

DTRUY

VLVLY

Volvo Group and Daimler Truck plan to form a 50/50 joint venture to develop a software-defined heavy-duty vehicle platform, aiming to enhance customer efficiency and experience. The new company will be headquartered in Gothenburg, Sweden.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 9:04 am

JG

ZK

Aurora Mobile Limited (NASDAQ:JG) has entered into a strategic partnership with Zeekr Intelligent Technology Holding Ltd. (NYSE:ZK) to optimize user reach and engagement through the Zeekr app using Aurora's JPush push notification service.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 9:01 am

ETHUSD

SHIBUSD

Shiba Inu's lead developer, Shytoshi Kusama, praised the team for integrating ShibaSwap with the Shibarium network, highlighting future developments. This integration allows ShibaSwap to operate across multiple chains, enhancing liquidity management.

Portfolio Pulse from Aniket Verma

May 17, 2024 | 8:38 am

LINKUSD

Chainlink (LINK) surged 12% after announcing a successful pilot project with The Depository Trust and Clearing Corporation and top U.S. banks to bring capital markets on blockchain rails. Analyst Michaël van de Poppe called LINK an 'opportunity of a lifetime.'

Portfolio Pulse from Aniket Verma

May 17, 2024 | 6:13 am

SAP

Japan's NEC Corporation has chosen SAP S/4HANA Cloud through the RISE with SAP solution, running on Amazon Web Services (AWS). The migration will utilize NEC's generative AI technology and SAP's Joule copilot, with ABeam Consulting as the implementation partner.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 5:05 am

BTCUSD

ETHUSD

MATICUSD

RDDT

Reddit Co-Founder Alexis Ohanian highlighted Democrats who supported a pro-crypto law in the Senate. The Senate repealed an SEC directive preventing financial firms from custodying Bitcoin. Reddit's shares rose 10% after announcing a partnership with OpenAI.

Portfolio Pulse from Aniket Verma

May 17, 2024 | 3:34 am

ABNB

DIS

Disney and Airbnb have partnered to offer a unique experience where guests can visit a recreation of Edna Mode's house from 'The Incredibles' in Los Angeles. This announcement follows Airbnb's strong financial results, with an 18% year-over-year revenue increase in Q1 2024.

Portfolio Pulse from Ananya Gairola

May 17, 2024 | 3:31 am