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BIDU

JD

NVDA

Alibaba Group Holding Limited (BABA) and its peers are trading higher amid reports of the Chinese tech supervisor's pledge to support artificial intelligence computing push. The Ministry of Industry and Information Technology plans to expand computing power to drive breakthroughs in generative AI. The U.S. has blocked Chinese companies' ability to buy advanced chips, including some Nvidia Corp (NVDA) products. Major internet companies in China, including Alibaba, Baidu Inc (BIDU), and JD.com Inc (JD), are working to build the country's equivalent to OpenAI's ChatGPT.

Portfolio Pulse from Anusuya Lahiri

July 19, 2023 | 11:33 am

STBX

Starbox has secured a 3-year contract worth $600K to license its A.I. Rebates Calculation Engine System in the Philippines market. The company will provide technology support to MRP to enhance customer targeting and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 11:32 am

KODK

Kodak has launched the Kodacolor EDTG series direct to garment (DTG) inks in partnership with Pigment.inc B.v Europe. This new product line is expected to enhance Kodak's portfolio in the printing industry.

Portfolio Pulse from Charles Gross

July 19, 2023 | 11:22 am

OPK

GeneDx and Prognos Health have entered into a strategic partnership aimed at helping patients with rare diseases gain quicker access to potential treatment options. The partnership will leverage GeneDx's Whole Genome Sequencing (WGS) capabilities and Prognos Health's predictive analytics to identify patients who may benefit from specific treatments.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 11:17 am

BOX

MSFT

TSLA

Box, Inc. CEO Aaron Levie compared the current state of artificial intelligence (AI) to the mobile industry in the mid-2000s, a comparison that gained agreement from Elon Musk. Levie highlighted the dominant presence of iPhones and Android-powered devices during that era, while in the present AI landscape, numerous AI systems are constantly evolving and upgrading. Musk, who recently launched his AI venture xAI, has also been critical of Microsoft's involvement with chatGPT-parent OpenAI.

Portfolio Pulse from Ananya Gairola

July 19, 2023 | 11:16 am

CYN

Cyngn, a technology company specializing in autonomous vehicle technology, has partnered with Motrec, a manufacturer of industrial vehicles, to launch a fleet of AI-powered autonomous tuggers. The partnership aims to improve efficiency and safety in industrial environments.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 11:15 am

BCRX

BioCryst Pharmaceuticals has partnered with Er-kim Pharmaceuticals to commercialize Orladeyo (Berotralstat), a drug used to prevent attacks of hereditary angioedema, in Turkey.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 11:08 am

STLA

TSLA

VWAGY

Battery electric vehicles (BEVs) surpassed diesel in market share for the first time in the EU, reaching 15.1% in June. Tesla Inc, Volkswagen, and Stellantis NV were notable winners, with Tesla recording a 168% increase in vehicle registrations. This comes after the European Parliament approved a law banning the sale of petrol and diesel vehicles from 2035.

Portfolio Pulse from Anan Ashraf

July 19, 2023 | 11:06 am

ADMA

The FDA has approved ADMA Biologics' ninth plasma collection facility located in Dallas, GA. The facility began operations and initiated source plasma collection in Q3 2022.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 11:05 am

TSLA

Nissan has reached an agreement with Tesla to adopt the North American charging standard for its electric vehicles starting in 2025, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 11:03 am