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Tenaris has launched a new manufacturing line for the production of its AlphaRod® series at its industrial center in Veracruz, Mexico. The $5 million investment will increase capacity to serve the growing North American market. The AlphaRod® series is designed for high performance in artificial lift operations. The new production line in Mexico will strengthen Tenaris's ability to serve current markets and meet growing demand in the USA and Canada.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 4:23 pm

SKM

SK Telecom Co Ltd (NYSE:SKM) is investing an additional $100 million in AI safety and research company, Anthropic. The investment will be used to develop a large language model (LLM) customized for telecommunications companies. The LLM will support multiple languages and will be fine-tuned to telco use cases, including customer service, marketing, sales, and interactive consumer applications. This is expected to help telecommunications companies save cost and time and enable the members of the Global Telco AI Alliance to develop and offer AI services/apps customized to their respective markets and customers.

Portfolio Pulse from Shivani Kumaresan

August 14, 2023 | 4:19 pm

EPIX

Zacks Small-Cap Research has set a $27 price valuation for ESSA Pharma. The company is set to initiate a Phase 2 trial of EPI-7386 in combination with Enzalutamide in the third quarter of 2023.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 4:12 pm

AMZN

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MSFT

TSLA

Tesla Inc. is considering expanding its operations into data centers, which could put it in direct competition with Amazon.com Inc, Microsoft Corporation, and Alphabet Inc. A job posting from Tesla for a 'Sr. Engineering Program Manager, Data Center' suggests this move. The data center business is worth over $250 billion, making it attractive to newcomers like Tesla. However, it's unclear whether Tesla's growth in data centers would be strictly an internal move or if it would offer data storage solutions for other companies.

Portfolio Pulse from Chris Katje

August 14, 2023 | 4:08 pm

GE

GE Vernova is set to acquire Greenbird Integration Technology AS, a company specializing in data platforms for utilities. The acquisition will enhance GE Vernova's GridOS, a comprehensive suite of grid orchestration software, by enabling it to aggregate more information from multiple systems. This will allow grid operators to assemble a real-time snapshot of conditions throughout the grid. The move is expected to facilitate the transition to more renewable energy and help manage the increasing complexity of grid operation.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 3:53 pm

IDAI

T Stamp, a technology company, is set to be issued U.S. Patent Number 11,729,158 titled 'Systems And Methods For Identity Verification Via Third Party Accounts'. The patent will be issued tomorrow.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 3:27 pm

TSHA

Taysha Gene Therapies, Inc. (NASDAQ:TSHA) shares surged after the company reported positive clinical results and $150 million in private placement financing. The financing, led by RA Capital Management, will extend the company's cash runway into Q3 2025. The company's REVEAL Phase 1/2 trial showed TSHA-102 was well-tolerated with no serious adverse events and showed improvement in key efficacy measures.

Portfolio Pulse from Erica Kollmann

August 14, 2023 | 3:21 pm

TSHA

Taysha Gene Therapies reported initial clinical data from the first adult Rett Syndrome patient dosed in the REVEAL Phase 1/2 trial and announced $150 million private placement financing. This news has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 3:20 pm

CRTO

Criteo has announced that it is integrating generative AI into its CommerceMedia platform. The company aims to improve performance and enhance user experience with this new technology.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 3:06 pm

F

Ford's CEO has announced that new services will be the fastest-growing revenue source for the company, with 'enormous margins'. The company's new digital architecture will be released in 2025 and will not be limited to electric vehicles (EVs), but will also be implemented on the F-150 model.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 2:42 pm