Investments
Types of investments
Top Story
Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while the ROCm 6 open software stack introduces new features supporting Large Language Models (LLMs). Additionally, the Ryzen 8040 Series processors come equipped with Ryzen AI capabilities.
Get Daily Updates
Subscribe to DailyAlts Today to get Alternative Investment news, insight, and commentary delivered straight to your inbox every day.
More Stories on Investments
FinTech: PayPal Shifting More Applications To Google Cloud As Digital Payments Surge Higher
PayPal (NASDAQ: PYPL) which has built its hybrid cloud strategy over the years with Google Cloud as a partner, is now moving more and more of its infrastructure workloads to the Google Public cloud to enable the processing of its data on a massive and global scale.
Alternative Investments/ESG: Raisin’s ETF Configurator Allows Investors ‘Do-It-Yourself’ ESG
The pan-European savings marketplace Raisin launched its Raisin Invest ETF platform in Germany in 2018. Raisin Invest has since become one of the market’s biggest robo advisers and now boasts of AUM of €950 million. On Wednesday, Raisin announced the launch of a new hybrid-robo “ETF Configurator” for Raisin Invest, and simultaneously, a new ESG pre-set portfolio within the Configurator that offers more than 30 sustainable equity and bond ETFs to choose from.
Venture Capital: Making VC More Inclusive – Google To Invest $40M In Black-Led Startups
Jeremiah Gordon is General Counsel at CapitalG, Alphabet’s (NASDAQ: GOOGL) independent growth fund which has $3 billion under management. He also leads an Alphabet-wide team focused on investing in Black-led VC funds, startups, and organizations supporting Black entrepreneurs. In a blog published Thursday, Gordon revealed that Google will invest an additional $40 million in Black-led startups and investment firms by the end of the year.
Digital Assets: Colonial Pipeline Caved; Paid $5M Ransom To Hackers
Though initial reports said that Colonial Pipeline would not pay a ransom to the hackers that brought the nation’s largest fuel pipeline to a halt, Bloomberg reported Thursday that the company did pony up nearly $5 million in hard-to-track cryptocurrency last Friday.
Artificial Intelligence: A Molecule For Alzheimer’s Created By Exscientia’s AI Enters Clinical Trials
Oxford, UK-based Exscientia uses AI to design and create drug candidate molecules satisfying complex therapeutic requirements with revolutionary efficiency. Joint research by Exscientia with Sumitomo Dainippon Pharma Co., Ltd. (TYO: 4506) resulted in the creation of the molecule DSP-0038, a dual-targeted 5-HT1A agonist and 5-HT2A antagonist to be assessed for treatment of Alzheimer’s disease psychosis. Sumitomo will now initiate a Phase 1 clinical study of DSP-0038 in the United States.
Venture Capital: Vinted, The Marketplace For Previously Owned Clothing, Raises $303M
Vinted, a European startup that runs a marketplace for used clothing and home goods, announced its raise of $303 million at a valuation of $4.5 billion, post-money. That valuation is substantially up from $1 billion when Vinted raised money end-2019.
FinTech: German Regulator BaFin Hauls Up N26 On Money Laundering Lapses
On Wednesday, Germany’s Federal Financial Supervisory Authority (BaFin) ordered challenger bank N26 to implement appropriate internal controls and safeguards and comply with general due diligence requirements to prevent money laundering and terrorist financing. It also appointed audit firm Mazars as a special supervisor to monitor N26.
Liquid Alternatives: Advisors Need Creative (Liquid) Alternatives – Aspiriant
The traditional [60:40] portfolio may no longer work over the long term. Sandi Bragar, managing director at Aspiriant, a wealth management firm based in Los Angeles with $14 billion in assets under management recommends advisors look for alternatives to the [60:40] portfolio. Reason: Expensive stocks and low returns on bonds. (Financial Advisor) The [60:40] is…
Digital Assets: Musk To Bitcoin – It’s Not Me, It’s You
Elon Musk has suddenly got religion on bitcoin. He announced in a tweet on Wednesday that Tesla (NASDAQ: TSLA) will no longer sell its cars for bitcoin due to the leading cryptocurrency’s carbon footprint and consequently adverse effect on the environment.
Artificial Intelligence: Volkswagen’s Electric Version Of Its Iconic Microbus In Self-Driving Trials This Summer
VW will use hardware and software developed by Argo AI. Volkswagen (ETR: VOW3), which is targeting the launch of autonomous commercial delivery and micro-transit service in Germany by 2025, announced plans to trial new self-driving vehicles this summer in Germany. (The Verge) On Wednesday, the German automaker, which is collaborating with Argo AI for the…
Digital Assets: Palantir Accepts Bitcoin Payments; Mulls Adding Cryptos To Balance Sheet
Secretive data analytics company Palantir (NYSE: PLTR) revealed on its first-quarter earnings call that it had already begun accepting bitcoin as payment from its customers and that it was also considering holding bitcoin, as well as other cryptos, on its balance sheet.
FinTech: eBay UK To Offer Finance To Pandemic-Hit Sellers On Its Platform
In a bid to help out sellers and small businesses that have launched on its platform, eBay UK will offer them financing through a tie-up with YouLend. As part of the CEBS, YouLend will offer eBay business sellers funding in the range of £500 to £1m.
FinTech: Brazilian Payments Network CloudWalk Reels In $190M Series B Funding
CloudWalk, the Brazilian payments processor, announced Tuesday its Series B funding of $190 million. The round brought up the firm’s aggregate capital raised to $206 million. Coatue led the round, with participation from DST Global and existing investors such as FIS, The Hive Brazil, and Valor Capital.
Alternative Investments/Digital: Ninepoint’s Bitcoin ETF To Offset Carbon Footprint Of Bitcoin Holdings
Bitcoin has been getting a lot of flak recently for the impact that its mining has on the environment. As verification computations get more complex, bitcoin mining rigs consume more and more energy for generating mining rewards. This process becomes a vicious circle when bitcoin prices are on a rally because it becomes more profitable to mine and sell the cryptocurrency. ETFs and other funds holding bitcoin are becoming increasingly concerned about the carbon footprint inherent in their holdings.
Artificial Intelligence: IBM Launches Slew Of Products For The Hybrid Cloud And AI
IBM Announces Breakthrough Hybrid Cloud and AI Capabilities to Accelerate Digital Transformation at its 2021 Think Conference. These innovations around its hybrid cloud and AI platform are aimed at helping businesses manage their digital transformation, particularly after the pandemic.
Alternative Investments/Digital: Mark Yusko Sees Bitcoin At $250K In Five Years
Mark Yusko’s Morgan Creek Capital Management has assets under management of about $2 billion. Assuming his usually bullish stance on bitcoin in an interview on Friday, Yusko said the leading crypto could scale a price of $100,000 in 2021 or 2022. He went further and said it could go up to $250,000 in five years.
Venture Capital: Mubadala Invested $29B In 2020
Pandemic or not, famed sovereign wealth fund Mubadala Investment Company kept a stream of investments flowing into technology, life sciences, consumer goods, and other growth sectors during 2020. In fact, as a strategy, the fund stepped up its investment to $29 billion from $18.5 billion in 2019.
Digital Assets: UBS Considering Cryptos For Rich Clients
A Bloomberg report said Monday that UBS Group AG (SWX: UBSG) was mulling avenues for investing in digital assets for its wealthy clients. It would follow banks across the pond such as Citigroup (NYSE: C) and Goldman Sachs (NYSE: GS).
Digital Assets: Fairfax County Pension Fund Does Well On Crypto Fund Investment
The $1.4 billion Fairfax County Police Officers Retirement System did well last year on its investments in Morgan Creek Digital Fund III. The move paid off, allowing the pension fund to report good gains last year. Unsurprisingly, in April, the fund approved additional investments in the crypto and blockchain space.
Artificial Intelligence: IBM Study Finds The Pandemic Accelerated AI’s Rollout
IBM’s Global AI Adoption Index 2021 found that nearly a third of the IT professionals surveyed confirmed their businesses had commenced the use of AI. Further, 43% said the COVID-19 pandemic had catalyzed a faster rollout of AI at their companies. On the flip side, challenges to the adoption of the technology included scarcity of skills and complexity of data.
Venture Capital: Indonesian Super App Nabs $300M From Telkomsel
Telkomsel, Indonesia’s largest telecom operator, has written yet another check, this time for $300 million, in favor of ride-hailing firm and super app Gojek. Gojek is one app for ordering food, commuting, digital payments, shopping, hyper-local delivery, getting a massage, and two dozen services. It is Indonesia’s first and fastest-growing unicorn building an on-demand business across Southeast Asia.
Digital Assets: Colonial Pipeline Shut Down By Ransomware Attack
On Friday, Colonial Pipeline, the largest refined products pipeline in the United States, transporting more than 100 million gallons of fuel daily for consumers from Houston, Texas to the New York Harbor across 8,500 km, was shut down by a ransomware attack.
FinTech: ByteDance Muscling In On Alibaba’s E-Commerce Turf; Hires Thousands
A Bloomberg report says Zhang Yiming, the AI genius who built ByteDance into a global behemoth via apps such as TikTok, is already flexing his muscles for the next battle. Not content with queering the pitch for media rivals such as Facebook (NASDAQ: FB), Zhang this time has e-commerce, and Alibaba (NYSE: BABA), in his sights.
Artificial Intelligence: An AI-Enabled Ship With A Chatbot But No Captain Will Cross The Atlantic
The craft pictured above looks remarkably fragile but a team of researchers from the marine research non-profit organization ProMare in technology collaboration with IBM will attempt to sail the Mayflower 400 across the Atlantic on May 15, 2021.