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BABA

Alibaba Group Holding Ltd (NYSE:BABA) has launched new large language models (LLMs) focused on mathematics, named Qwen2-Math, which reportedly outperform OpenAI's GPT-4o in mathematical tasks. The models are developed by Alibaba's cloud computing unit, which also announced a price increase on its domain name auction platform and a 3% year-over-year revenue increase in Q4. BABA shares traded higher by 0.85% premarket.

Portfolio Pulse from Anusuya Lahiri

August 12, 2024 | 12:30 pm

DPRO

Draganfly Inc. (NASDAQ:DPRO) has announced a strategic partnership with The Institute for Drone Technology, appointing them as a value-added distributor of Draganfly's drone technology in Australia.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:26 pm

ASND

KEY

LLY

Market-Moving News for August 12th includes Scotiabank's acquisition of a 14.9% stake in KeyCorp, Ascendia Pharma's FDA approval for YORVIPATH, and Deutsche Bank's upgrade of Eli Lilly's stock.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:21 pm

ORCL

T

Oracle is integrating AT&T IoT connectivity and network APIs into its Enterprise Communications Platform, enhancing its industry cloud applications with reliable and secure communications. This move supports Oracle's Public Safety Suite with FirstNet, built with AT&T.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:21 pm

OPTT

Ocean Power Technologies (OPTT) has signed its fourth reseller agreement to support global critical services. The company is expanding its partnerships in the South China Sea, Latin America, the Middle East, and global commercial markets to enhance demand for its autonomous maritime technologies.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:19 pm

ALZN

Alzamend Neuro (NASDAQ: ALZN) has partnered with Massachusetts General Hospital to conduct a Phase II clinical trial of AL001, a next-generation lithium therapeutic drug candidate. The study aims to compare AL001 with a marketed lithium carbonate product to identify an ideal dose that is safe and effective for treating major depressive disorder (MDD).

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:18 pm

VUZI

Vuzix has launched the M400 Xtreme Smart Glasses, which can operate in temperatures as low as -20°C. The package includes an Xtreme Weather Power Bank and a 1-year subscription to popular collaboration tools for remote workers.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:18 pm

TKLF

Yoshitsu Co., Ltd (NASDAQ:TKLF) has entered into agreements with Grun Group Thailand Co. Ltd. to establish a franchise network in Southeast Asia under the 'Tokyo Lifestyle' brand. This move is part of Yoshitsu's regional expansion strategy.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:15 pm

KNDI

Kandi Technologies has entered a partnership with Hartford Industrial to enhance electric vehicle production. The agreement leverages advanced capabilities in Asia and aims to expand market reach in the U.S.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:15 pm

ABSI

Absci Corporation (NASDAQ:ABSI) has announced a collaboration with Memorial Sloan Kettering Cancer Center to discover and develop novel therapeutics using generative AI. The partnership will focus on up to six programs, leveraging Absci's Integrated Drug Creation™ platform.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:14 pm