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BYDDY

TSLA

UBER

Tesla CEO Elon Musk has warned that BYD, a Chinese EV maker backed by Warren Buffett's Berkshire Hathaway, needs to change its approach to vehicle autonomy quickly to avoid becoming obsolete. This comes after a BYD spokesperson stated that fully autonomous driving is 'basically impossible.' The warning coincides with Uber's announcement of a partnership with BYD to bring 100,000 new BYD vehicles onto its platform and collaborate on future autonomous-capable vehicles.

Portfolio Pulse from Anan Ashraf

August 01, 2024 | 8:31 am

AMZN

GOOG

META

MSFT

NVDA

Meta Platforms Inc. (NASDAQ:META) is collaborating with NVIDIA Corp. (NASDAQ:NVDA), Amazon.com Inc (NASDAQ:AMZN) Web Services (AWS), Alphabet Inc.‘s (NASDAQ:GOOG), (NASDAQ:GOOGL) Google Cloud, and Microsoft Corp. (NASDAQ:MSFT) Azure to advance its open-source Llama AI model. This multi-cloud strategy aims to broaden access and accelerate the development of Llama 3.1, Meta's latest AI model. Meta's stock surged by 7.17% in after-hours trading following the announcement.

Portfolio Pulse from Kaustubh Bagalkote

August 01, 2024 | 7:34 am

TSLA

Tesla Inc (NASDAQ:TSLA) has produced its 10 millionth drive unit, with more than half made in Giga Nevada. CEO Elon Musk congratulated the drivetrain team on this achievement.

Portfolio Pulse from Anan Ashraf

August 01, 2024 | 7:24 am

CBCFF

Japanese snack giant Calbee Inc. (OTC:CBCFF) is partnering with Silicon Valley-based Pegasus Tech to incorporate AI into their snack production process. Calbee aims to develop healthier snacks, streamline production, and innovate business models through AI. The partnership will also help Calbee develop eco-friendly packaging and expand its market in the U.S.

Portfolio Pulse from Ananya Gairola

August 01, 2024 | 7:18 am

EQT

EQT, along with its partners in the Appalachian Regional Clean Hydrogen Hub, has advanced to Phase 1 Award Status from the U.S. Department of Energy for their clean hydrogen project.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 7:12 am

NCNO

Shawbrook partners with nCino to automate loan processes and enhance portfolio management using nCino's cloud-based platform, improving efficiency and speed to market.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:50 am

MGNI

Magnite has introduced AI automation in its Demand Manager, which is expected to drive incremental revenue for publishers.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:49 am

BTCUSD

LTCUSD

Tucker Carlson humorously suggested that Bitcoin was created by the CIA during a private event at the Bitcoin 2024 conference. This theory has been a topic of speculation for years. The identity of Bitcoin's creator remains a hot topic in cryptocurrency circles.

Portfolio Pulse from Aniket Verma

August 01, 2024 | 6:25 am

ORCL

Advanced Info Service (AIS) has partnered with Oracle to launch Thailand's first locally owned hyperscale cloud. AIS Cloud will offer over 100 Oracle Cloud Infrastructure services, addressing regulatory and data sovereignty requirements.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:02 am

VALN

Valneva and LimmaTech have entered a strategic partnership to accelerate the development of a tetravalent Shigella vaccine. Valneva gains an exclusive worldwide license for LimmaTech's S4V Shigella vaccine candidate, adding a Phase 2 clinical asset to its R&D pipeline. LimmaTech will receive an upfront payment, future milestone and royalty payments, and will collaborate on the clinical development through Phase 2.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 5:58 am