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UBER

Uber Technologies Inc has signed a deal with grocery chain Hy-Vee to offer on-demand and scheduled grocery delivery across the Midwest region in the U.S. The partnership will increase Uber Eats' grocery selection across eight states. More than 260 Hy-Vee grocery and liquor storefronts will be available to shop through Uber and Uber Eats platforms. Uber has been expanding its grocery business in the U.S. since 2020 through partnerships with retail giants.

Portfolio Pulse from Lekha Gupta

August 11, 2023 | 3:24 pm

TSLA

Tesla Inc (NASDAQ:TSLA) has won a trademark lawsuit against Chinese company Zhongyin Food Co. over the use of the 'Tesla' name in beer and soda products. Zhongyin Food was found guilty of infringing on trademark rights owned by Tesla and has been ordered to pay a fine of around $690,000, issue a public statement, and discontinue the production of the Tesla beer and soda-related products.

Portfolio Pulse from Chris Katje

August 11, 2023 | 3:21 pm

IDAI

Trust Stamp (NASDAQ:IDAI) has released a white paper detailing its newly launched AI-powered suite of facial attributes and quality assessment tools (FAIQA). The company also announced a 31% increase in its financial services customer base in the prior six-month period. Trust Stamp will release its financial results for the second quarter of 2023 on August 14th, 2023.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 3:00 pm

AAPL

ARCE

MSFT

RBLX

WFC

Microsoft is under scrutiny for its role in a government email breach. Roblox has launched a virtual career hub. Despite restrictions by tech giants, ChatGPT's popularity is surging in US workplaces. Occidental subsidiary 1PointFive has received a US DoE grant to develop a direct air capture hub. Wells Fargo faces potential NLRB action over labor law violations. WeWork's stock has gained over 35%, triggering speculation of meme treatment. Arco Platform is going private via a $1.5B merger deal. Telesat's shares are trading higher after Q2 earnings. Ford plans to incorporate new software to boost revenue for commercial trucks and vans.

Portfolio Pulse from Vandana Singh

August 11, 2023 | 2:51 pm

PCRFY

Yohei Nakajima, chief architect at Untapped Capital, has developed BabyAGI, an AI tool designed to help entrepreneurs automate decision-making. The tool, inspired by the HustleGPT movement, uses large language models to generate and execute task lists. BabyAGI is available as an open-source Python script on GitHub and requires pairing with OpenAI’s GPT-4 language model, Pinecone vector search, and the LangChain framework for full functionality. Nakajima, who has previously worked with Techstars and Scrum Ventures, currently focuses on investing in U.S.-based startups with Untapped Capital.

Portfolio Pulse from Renato Capelj

August 11, 2023 | 2:42 pm

AMZN

BABA

META

MSFT

Alibaba Group Holding Limited (NYSE:BABA) reported strong quarterly results, outperforming both top and bottom line expectations. The company's revenue rose 14% YoY to $32.29 billion, and net income attributable to shareholders rose 51% YoY. Alibaba's main businesses, Taobao and Tmall Group, saw a 12% YoY rise. The company's international commerce retail experienced a 60% YoY rise in revenue. Alibaba is focusing on AI development and has launched its large language model, Tongyi Qianwen, to challenge Microsoft and Meta.

Portfolio Pulse from Upwallstreet

August 11, 2023 | 2:36 pm

BTCUSD

David Tse, a professor at Stanford University and founder of Babylon Chain, predicts that Decentralized Finance (DeFi) will revolutionize the traditional financial system in the next five years. He believes that the core principles of decentralization will introduce unparalleled efficiency and transparency into business workflows. Tse also highlighted the increasing relevance of decentralized identity solutions in the context of the global dialogue on data privacy. He acknowledged Bitcoin's unmatched decentralization and security, but emphasized the need to enhance its utility to foster wider adoption. He cited Babylon's BTC staking protocol as an innovative step in this direction.

Portfolio Pulse from Murtuza Merchant

August 11, 2023 | 2:12 pm

MAT

Mattel, Inc. (NASDAQ:MAT) has announced an expansion of the Barbie™ the Movie product collection following the film's success, which surpassed $1 Billion at the global box office. The expanded collection features new looks worn by the film's iconic Barbie and Ken characters, as well as additions including a 'Weird Barbie' doll and a 4 pack of Hot Wheels® Corvettes. The products are available for pre-sale now at retailers nationwide and Mattel Shop for an SRP of $40 to $160 CAD.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 2:01 pm

GLOB

MSFT

Globant (NYSE:GLOB) has announced the launch of a dedicated Microsoft Studio, aiming to enhance the value of its client investments through its knowledge and experience in the Microsoft ecosystem. The new Studio will consolidate Globant's expertise with Microsoft's capabilities and solutions, offering services that include AI and cloud computing. The initiative is part of Globant's commitment to drive innovation and help organizations with digital transformation and technological innovation.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 1:53 pm

DNUT

MCD

Krispy Kreme is considering expansion following a successful test of selling doughnuts in 160 McDonald's locations in Kentucky. The company has found that it can service fast-food restaurants with doughnuts, similar to its operations in grocery stores and gas stations. Krispy Kreme CFO Josh Charlesworth stated that the company could serve more McDonald's stores, but expansion is dependent on McDonald's decision. The test could reveal Krispy Kreme's limitations as the doughnut chain has a limited number of shops or hubs where it makes doughnuts for delivery. The company is considering increasing its doughnut-making capacity in more parts of the country.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 1:44 pm