Nvidia-backed AI video platform Synthesia doubles valuation to $2.1 billion

Image source: Photo by Glenn Carstens-Peters on Unsplash

Nvidia-backed AI video platform Synthesia doubles valuation to $2.1 billion. 🖥️ Synthesia, a video platform that uses artificial intelligence to generate clips featuring multilingual human avatars, has raised $180 million in an investment round valuing the startup at $2.1 billion. CNBC reports.

🤝 TikMusk: Chinese officials are evaluating a potential option that involves Elon Musk acquiring the US operations of TikTok if the company fails to fend off a controversial ban on the short-video app, according to people familiar with the matter. Yahoo Finance reports.

🔋 PowerOrder: President Joe Biden signed an executive order on Tuesday to provide federal support to address massive energy needs for fast-growing advanced artificial intelligence data centers, the White House said. Reuters reports.

🔍 SearchWatch: Britain’s competition watchdog on Tuesday opened an investigation into Google search services, marking its first major probe under the country’s tough new competition rules. CNBC reports.

🛬 GroundedYear: Boeing had a decent orderbook in December to cap a very bad year. But its deliveries for the month show it continues to struggle to rebound from the crippling strike earlier in the fall. CNN Business reports.

💊 DrugDip: Eli Lilly's stock tumbled 8% on Tuesday after it forecast fourth-quarter sales of weight-loss drug Zepbound below Wall Street estimates, marking the second time sales have disappointed since the drug's launch in late 2023. Yahoo Finance reports.

🚗 VWStrain: Volkswagen's unit sales fell 2.3% in 2024 to just over 9 million vehicles, the German automaker reported on Tuesday, as it struggles to cut costs at home and fight a price war in China, its biggest market. Reuters reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $SGBX: Safe & Green Holdings
Total gain: +109.25%

2. $VMAR: Vision Marine Technologies
Total gain: +70%

3. $MGIH: Millennium Group International Holdings
Total gain: +48.04%

4. $ONCY: Oncolytics Biotech
Total gain: +40.12%

5. $HSDT: Helius Medical Technologies
Total gain: +31.32%

The closing price of the top three market percent gainers trading near or above $3 on January 14.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $AIFF: Firefly Neuroscience
Total gain: +64.73%
The company announced the advancement of research to assess a patient's brain age - an estimation of the biological age of a person's brain – via its FDA-cleared BNA™ technology platform. Benzinga reports.

2. $RGTI: Rigetti Computing
Total gain: +47.43%
The stock appeared to be moving on no notable news.

3. $PDYN: Palladyne AI
Total gain: +25.06%
The Company announced it has been awarded a new contract by the Air Force Research Laboratory to migrate the Palladyne™ Pilot AI software platform to next-generation U.S.-made AI computing chipsets. The project is scheduled to span 26 months, starting in early 2025. Benzinga reports.

Time (ET) / Report / Period

08:30 am - Consumer price index - December
08:30 am - CPI year over year
08:30 am - Core CPI - December

“Risk management is the single most important thing to be successful in trading.”

― Jack D. Schwager

Sourced in:
“Market Wizards: Interviews with Top Traders”, by Jack D. Schwager, published
in 1989.