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Mitsubishi's New AI Partnership, Retail Cannabis Sales Ramping Up, And Doubling Down On Domestic Uranium

Mitsubishi's New AI Partnership, Retail Cannabis Sales Ramping Up, And Doubling Down On Domestic Uranium

Uncovering the world’s most exciting early stage companies. Discover what’s next.

September 24, 2024

Mitsubishi Has A New Partner For Artificial Intelligence Hardware

POET Technologies (NASDAQ: POET) and Mitsubishi Electric have entered into a new partnership to co-develop integrated optical engine chipsets for pluggable transceivers, which are a critical component for speeding up throughput as well as reducing latency for artificial intelligence applications and cloud computing. Mitsubishi Electric and POET Technologies plan to collaborate on demonstrating the new co-developed products to large scale AI infrastructure customers after completing product design.

High Tide Is Ramping Up Retail Cannabis Revenue in Canada

High Tide (NASDAQ: HITI) has announced an increase in their quarterly sales, bringing in approximately $131 million in total revenue from their operations. High Tide has established one of the most prominent networks of retail cannabis dispensaries and locations across Canada, controlling a significant amount of the opportunity in some of the largest provinces in Canada including Ontario and Alberta.

Doubling Down On Domestic Uranium Production

Uranium Energy (NYSE: UEC) has entered into a new deal with mining giant Rio Tinto (NYSE: RIO) to purchase their fully licensed Sweetwater Plant uranium production facility located in Wyoming as well as multiple uranium exploration projects in a deal valued at $175 million.

The Sprint

Microsoft (NASDAQ: MSFT) announced their plans to restart iconic nuclear power plant Three Mile Island located in Pennsylvania through a new large scale power purchase agreement.
The United States Department of Energy launched a new $3 billion funding commitment for companies focused on domestic battery materials and lithium battery production.
Ivanhoe Electric (NYSE: IE) wants to be a global leader in vanadium batteries, and they’re launching a new joint venture with Asian energy company Red Sun to do it.
Solana is getting serious about hardware, announcing the launch of both a new mobile phone and handheld gaming device.
BNY Mellon became the first bank in the United States of America to receive approval from the Securities and Exchange Commission to legally custody Bitcoin and digital assets.
Rocket Lab (NASDAQ: RKLB) successfully launched their most recent Electron mission from New Zealand, and has also deployed five more satellites into low Earth orbit.
Plume Network is planning to expand their technology to begin tokenizing renewable energy projects, mineral rights and other asset classes that have traditionally never been brought onto the blockchain.

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