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Alibaba Group is set to compete with OpenAI, backed by Microsoft, in the artificial intelligence (AI) space. OpenAI's AI large language model GPT-4 Turbo is expected to outperform Chinese rivals. Alibaba and Baidu plan to showcase their AI capabilities at the 2023 World Internet Conference. Nvidia plans to release three new chips for China despite the US embargo on AI technology in China. Alibaba's shares traded lower by 0.40% premarket.

Portfolio Pulse from Anusuya Lahiri

November 09, 2023 | 2:23 pm

RUM

Rumble (NASDAQ:RUM), the video-sharing platform and cloud services provider, will be the exclusive livestream provider for the fourth debate of the 2024 Republican Presidential Primaries. The debate will be held in partnership with NewsNation, The Megyn Kelly Show on SiriusXM, and the Washington Free Beacon. The event will be featured on Rumble's homepage and will be available for viewers across the country on the RNC's Rumble channel.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:22 pm

CUEN

WHEN

Cuentas, Inc. (NASDAQ:CUEN) has announced the final stage of its fintech and mobile product development, targeting the $18B North American market. The company is updating its 'Cuentas 360' and 'Cuentas' Mobile Apps with first-to-market features, including a gaming library and token rewards. Cuentas also disclosed a premium price per share of $10 for the majority acquisition of World Health Energy Holdings, Inc. (OTC:WHEN). The company expects to launch its application in a selected end-user test group in the next ninety days.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:21 pm

RCEL

AVITA Medical, Inc. (NASDAQ:RCEL) has entered into a distribution agreement with PolyMedics Innovations GmbH to expand its global presence to Europe. PolyMedics Innovations will serve as the exclusive distributor of AVITA's RECELL in Germany, Austria, and Switzerland, with an option to expand to additional European markets in the future. PolyMedics Innovations operates a distribution network of over 40 global markets.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:21 pm

SPNS

Sapiens International Corporation (NASDAQ:SPNS) has been selected by the Saskatchewan Workers' Compensation Board (WCB) to transform its core workers' compensation system. The WCB will use Sapiens' CoreSuite for Workers Compensation, DigitalSuite, and Intelligence to modernize its legacy systems and improve operational efficiency. The implementation will occur over three years, starting with the employer accounts system, followed by the claims and case management system.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:20 pm

CNXA

Connexa Sports Technologies Inc. (NASDAQ:CNXA) has announced the beta launch of the Slinger Bag analytics app for tennis, powered by Gameface Artificial Intelligence (AI). The app, available for iOS and Android users, provides insights into tennis game intricacies by analyzing data from uploaded player or match videos. The app is currently in beta testing and will eventually be offered on a subscription basis. Connexa plans to replicate the app's AI analytics platform for pickleball and padel tennis users and commence development for the Slinger Bag Baseball introduction, planned for the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:20 pm

GTLB

GitLab Inc. has announced updates to GitLab Duo, its suite of AI capabilities, including the beta of GitLab Duo Chat and the general availability of GitLab Duo Code Suggestions. GitLab Duo Chat is a natural-language AI assistant that provides users with real-time guidance, insights, and suggestions to help analyze code, assist with planning, understand and fix security issues, and more. GitLab Duo Code Suggestions helps development, security, and operations teams create new code and update existing code to improve efficiency and build more secure software faster. GitLab's report found that 83% of DevSecOps professionals said implementing AI in their software development processes is essential to avoid falling behind competitors.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:19 pm

CTAS

Cintas Corporation (NASDAQ:CTAS), a leading provider of American Heart Association CPR and AED trainings, has launched its Bleeding Control Training Program. The program is designed to help businesses identify and respond to life-threatening bleeding. The company also offers bleeding control kits with high-quality products that can help businesses respond to traumatic injuries in the workplace.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:18 pm

MDNA

MDNAF

Medicenna Therapeutics Corp. (TSX:MDNA, OTC:MDNAF) will present long-term follow-up data from the Phase 2b clinical trial of bizaxofusp (formerly known as MDNA55) at the Society for Neuro-Oncology 2023 Annual Meeting. The data shows that bizaxofusp more than doubled the median survival in end-stage recurrent glioblastoma patients. The company is actively pursuing potential partnerships to conduct the Phase 3 LIGHT trial and commercialize bizaxofusp in key global markets.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:15 pm

NVO

Novo Nordisk has discontinued its long-acting insulin Levemir in the U.S. due to manufacturing constraints, reduced patient access, and the availability of alternative options. This will lead to supply disruptions starting in mid-January, with the discontinuation of the Levemir injection pen in April next year and Levemir vials by the end of 2024. Novo Nordisk's other long-acting insulin, Tresiba, remains on the market. NVO shares are down 0.99% at $100.75 during the premarket session on the last check Thursday.

Portfolio Pulse from Vandana Singh

November 09, 2023 | 2:15 pm