News

Each day, DailyAlts tracks major developments across the alternative investment world. Our content is procured from primary contacts in the industry and secondary sources across the web. Our goal is to give readers the most up-to-date news and engaging experience to open new doors and areas of knowledge. Our stories cover nine separate verticals of the alternative investment industry.

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Artificial Intelligence: Coronavirus! This AI Startup Warned of the Outbreak on December 31

Toronto-based BlueDot, which uses big data and AI, red-flagged the coronavirus outbreak in December. BlueDot’s AI-driven health monitoring platform analyzes billions of data points. Its process works something like this: It pores over global news reports, airline data, and animal disease outbreaks using natural language processing and machine learning techniques. The outputs from the platform are scanned by epidemiologists who sound the alert if they spot an outbreak.

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Artificial Intelligence: Walmart’s Cutting Edge Use of AI and Machine Learning in Retail
December 20, 2019

Walmart straddles both brick-and-mortar and online, giving it a unique tech perspective. In new applications, Walmart uses machine learning, barcode technology, facial recognition, IoT, and RFID to enhance the shopping…

Warburg Pincus’ Jeffrey Perlman Bullish on Vietnam
December 19, 2019

Jeffrey Perlman of Warburg Pincus is bullish on Vietnam and worried about companies with a high cash-burn rate. In an interview with DealStreetAsia, the Warburg managing director outlined his views…

Alternative Investments: Biotech ETFs Suffer from Political Posturing on Drug Prices
December 19, 2019

The iShares Nasdaq Biotechnology ETF (NasdaqGS: IBB), the largest biotech-related ETF, has been losing ground since Monday. The ETF is locked inside a downward channel and is making lower-highs and…

Dealbook: Private Equity Fundraising to Drop in 2020
December 19, 2019

Private equity fundraising is set to decline next year, according to Pitchbook. In a report, the research firm projected that PE capital raising would slow down in the European and…

Digital Assets: Malta-based Digital Asset Exchange OKEx Launches Options Trading
December 19, 2019

Malta-based Digital Asset Exchange OKEx Launches Options Trading. With the launch of options trading, OKEx becomes the first crypto exchange to offer crypto-to-crypto (C2C), Scott, futures, perpetual swap, and options…

Private Equity Giant Apollo Global Management-Backed Airline to Fuel Amazon Shipping
December 19, 2019

Sun Country Airlines is steaming up with Amazon.com to boost its package-delivery business. The low-cost airline – based in Minneapolis – will fly 10 Boeing 737s during the second quarter…

Digital Assets: The ESCB has Proof-of-Concept of Anonymous Digital Currency
December 19, 2019

An ECB-coordinated project, conducted by the European System of Central Banks (ESCB), has established a proof of concept (PoC) for anonymity in digital cash, reports COINTELEGRAPH. The experiment does not…

The Saudi Arabia Sovereign Wealth Fund Launches Fund of Funds Company
December 18, 2019

The Saudi Arabia Sovereign Wealth Fund has launched its own fund of funds firm. The Public Investment Fund will put 4 billion riyal – or $1.07 billion – forward to…

Sun Life Financial Takes Big Stake in Real Estate Manager
December 18, 2019

Sun Life Financial and its alternative asset management arm just received a boost. Sun Life announced it plans to purchase an 80% stake in the infrastructure and real estate investment…

Digital Assets: Fidelity Digital Assets Floats UK Arm to Sell Crypto Services
December 18, 2019

Fidelity Digital Assets has branched out across the Atlantic and incorporated its UK arm on December 16. The UK office will offer crypto services to European businesses, hedge funds, and…