Strategic Partnership

Snap Inc. (SNAP) shares rose 9% after announcing a $400M Perplexity AI collaboration and Q3 results exceeding expectations. The deal integrates Perplexity’s search engine into Snapchat, enhancing information discovery. Snap expects revenue generation from 2026. Q3 revenue reached $1.51B with increased daily active users. However, Snap anticipates lower Q4 DAUs due to age verification implementations and regulatory compliance. Snap is also advancing its hardware ambitions with the projected 2026 launch of its sixth-generation augmented reality glasses, Specs.

Metalpha Technology (MATH) and Avenir Group, a major Bitcoin ETF holder, announced a strategic MOU to collaborate on digital asset innovation. The partnership will focus on developing advanced technology solutions in areas like digital asset management, trading infrastructure, and liquidity. By combining Metalpha’s technological expertise with Avenir’s market influence, the collaboration aims to accelerate institutional adoption and drive growth within the digital asset ecosystem, creating next-generation infrastructure for the digital economy.

Google is partnering with Reliance Jio to offer its Gemini AI service to over 500 million Indian subscribers, marking a significant stride in India’s AI race. The collaboration, valued at approximately $396 per user initially, will prioritize early access for young users with Jio 5G plans. This move follows similar initiatives by Airtel with Perplexity and OpenAI offering ChatGPT Go free for a year highlighting India’s growing importance for AI companies. The competition is expected to drive down prices and increase access to AI technologies.

Dell Technologies’ shares rose 5% after unveiling increased long-term financial targets, driven by the burgeoning AI market. The company now projects annual revenue growth of 7-9% and diluted EPS growth of at least 15%, exceeding previous forecasts. Dell attributes this to strong demand for AI compute, storage, and networking solutions, emphasizing its end-to-end AI infrastructure offerings and strategic partnership with Nvidia. Dell anticipates shipping $20 billion in AI servers in fiscal 2026, serving clients like CoreWeave and xAI, highlighting its commitment to AI innovation.

OpenAI and AMD have reportedly finalized a deal where OpenAI will take a 10% stake in AMD, driving AMD’s stock up. OpenAI plans to deploy 6 gigawatts of AMD’s GPUs, starting with 1 gigawatt in 2026. AMD will issue OpenAI a warrant for 160 million shares, vesting upon achievement of deployment and performance milestones. This partnership aims to alleviate supply chain concerns and diversify OpenAI’s hardware sources. This deal, alongside existing agreements with Nvidia, signifies OpenAI’s massive $1 trillion investment in AI infrastructure. Analysts highlight the interconnectedness and potential vulnerabilities within this AI supply chain.

Santana Equestrian Private Financial (SEQP) partnered with JH Hauling & Services in a services-for-equity agreement. SEQP will issue 1 million restricted shares (1.5% of outstanding) to JH Hauling for manure hauling services over three years, valued at $600,000. The initial tranche of 500,000 is immediate, with the rest in 2026 based on performance. Shares have lock-up periods and sales restrictions. This secures waste removal logistics for SEQP’s composting operations, aligning JH Hauling’s interests with SEQP’s growth.

Jinjiang Hotels and JD.com have formed a strategic partnership to transform the hotel experience. Key initiatives include integrating JD.com’s AI-powered “7 Fresh Chef” into Jinjiang Hotels, starting with a Beijing pilot in October, to offer personalized dining. The partnership also integrates Jinjiang Hotels into JD.com’s travel platform with a zero-commission policy and real-time data exchange. Additionally, they plan to create a unified loyalty program and explore corporate travel services for JD.com’s employees, while establishing a B2B platform to streamline supply chains.

FOXO Technologies’ Big South Fork Medical Center in Tennessee has partnered with Covenant Health, a major East Tennessee healthcare provider. The agreement allows Big South Fork to offer swing bed services, providing post-acute care to Covenant Health’s patients closer to their homes. This aligns with FOXO’s growth strategy, aiming to increase the hospital’s revenue by leveraging Covenant Health’s network and expanding service offerings. This is positive due to the new strategic partnership, expansion of service, and increased revenue potiential.

JD.com and China Resources Group (CRC) have forged a strategic partnership, expanding their existing collaboration. The agreement, solidified at a signing ceremony attended by top executives, will focus on boosting ventures in areas such as Hong Kong and overseas business expansion, consumer initiatives, energy efficiency, commercial real estate, healthcare, and logistics. This move leverages CRC’s diverse portfolio and JD.com’s e-commerce expertise to drive mutual growth. CRC ranks 72nd on the 2024 Fortune Global 500.

Quantum BioPharma (QNTM) addresses marketplace misinformation and provides an update on its Unbuzzd Wellness Inc. partnership. The company clarifies its identity and denies any reverse takeover with Unbuzzd, which is preparing for a potential IPO. QNTM holds a significant stake in Unbuzzd through royalties and shares, including an anti-dilution warrant. Other key items include the company’s loan to Unbuzzd, the debt settlement, and product news.