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SAP

SAP SE CEO, Christian Klein, has expressed optimism about the growth potential of generative AI technology, which he believes could boost SAP's $500 billion addressable market. SAP plans to deepen its collaboration with Microsoft in joint generative AI projects, particularly in personnel recruiting. Meanwhile, Oracle Corp has announced the addition of generative AI-powered capabilities within its Fusion Cloud Human Capital Management, supported by the Oracle Cloud Infrastructure generative AI service.

Portfolio Pulse from Anusuya Lahiri

June 28, 2023 | 12:09 pm

KD

VRSK

Kyndryl has implemented a suite of technology services for ClaimSearch Israel Ltd., a subsidiary of Verisk, to enhance insurance fraud detection. The solution leverages Kyndryl’s computing resources and Verisk’s expertise to analyze new auto claims and detect fraud indications. The system allows users to authenticate details provided by the insurance applicant, compare them to database information, and use advanced tools for data investigation. Kyndryl also provides 24/7 managed NOC and SOC services to support the system.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 12:07 pm

MSFT

Microsoft is investigating an issue where some users are unable to access Microsoft Teams using web browsers, according to Reuters.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 12:06 pm

LCID

Lucid Group's CEO, Peter Rawlinson, announced a deal with Aston Martin for EV technology, indicating that this is just the beginning for Lucid's business expansion.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 12:06 pm

BAYRY

Bayer's subsidiary BlueRock has reported initial success in a Phase I trial for an experimental stem cell therapy for Parkinson's disease. The therapy was well-tolerated and the transplanted cells grew as intended in the patients' brains. This success has led Bayer to advance to the second stage of testing on humans, with patient enrolment expected in the first half of 2024.

Portfolio Pulse from Benzinga Newsbot

June 28, 2023 | 12:03 pm

ASST

Asset Entities has launched its AI bot on Discord as part of its AE360DDM suite of services. The bot is designed to provide real-time data and analytics to users.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 12:02 pm

INTC

SSNLF

TSM

Samsung Electronics is expanding its chip foundry business, adding production capacity and advanced manufacturing techniques. This move intensifies its rivalry with Taiwan Semiconductor Manufacturing Company and Intel Corp. Samsung plans to introduce 2-nanometer production for mobile phone parts by 2025 and expand applications. It also plans to boost output in South Korea and Texas. The company's 2nm process technology is expected to improve performance by 12% and power efficiency by 25% compared to its current 3nm offering.

Portfolio Pulse from Anusuya Lahiri

June 28, 2023 | 12:02 pm

VIRX

Viracta Therapeutics, Inc. (NASDAQ:VIRX) announced that its NAVAL-1 clinical trial for the treatment of relapsed or refractory EBV+ peripheral T-cell lymphoma has met the pre-specified efficacy threshold for expansion into Stage 2. The threshold is based on a minimum number of objective responses achieved within the first 10 patients enrolled.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 12:02 pm

BWV

Blue Water Biotech has announced preclinical data supporting the immunogenicity of its novel Monkeypox vaccine, which utilizes a Norovirus Virus-Like Particle platform. The company's stock symbol is BWV.

Portfolio Pulse from Bill Haddad

June 28, 2023 | 11:59 am

LIDR

AEye, Inc. (NASDAQ:LIDR) has announced 4Sight+, a new addition to its 4Sight Intelligent Sensing product line. The new product offers improved path-planning, obstacle avoidance, and prediction capabilities. The company's software-defined architecture has been leveraged to increase the sensor's range by 20% and spatial resolution by 400%, enhancing its small obstacle detection capabilities.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 11:59 am