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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.
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Digital Assets: Citigroup Heeds Clients; Mulling Cryptos
An FT Exclusive says Citigroup is weighing an entry into the cryptocurrency markets. Itay Tuchman, Citi’s (NYSE: C) global head of foreign exchange has told the FT that the bank is considering a foray into the cryptocurrency markets after seeing rising interest among its clients. “There are different options from our perspective and we are…
Venture Capital: Swedish Self-Driving And Electric Truck Maker Einride Scores $110M Funding
Einride, the Swedish developer and provider of electric and autonomous freight mobility technology, announced Thursday it had raised $110 million Series B funding from existing investors EQT Ventures, Plum Alley Investments, Norrsken VC, Ericsson, and NordicNinja VC; new investors Temasek, Soros Fund Management LLC, Northzone, Maersk Growth and Build Capital also participated in the round.
Digital Assets: Goldman Sachs’ Crypto Trading Desk Is Up And Running
An internal memo at Goldman Sachs (NYSE: GS) issued Thursday announced that its all-new crypto trading team had successfully traded certain bitcoin derivatives. According to CNBC, which saw the memo issued by Goldman partner Rajesh Venkataramani, the team is a part of the bank’s global currencies and emerging markets trading division and reports to him, though it is also a constituent of the digital assets unit led by Mathew McDermott.
Liquid Alternatives: Ninepoint Launches A Liquid Alternative Bond Fund
Canadian alternative asset manager Ninepoint Partners LP announced Thursday the launch of the Ninepoint Alternative Credit Opportunities Fund, a new liquid alternative mutual fund that will invest in Canadian, U.S., and international fixed income securities for short-term and long-term gains.
Artificial Intelligence: AI Can Cut Buildings’ Energy Consumption By 20-25%
Heating, ventilation, and air conditioning (HVAC) systems account for 45% of all energy consumed in commercial buildings. Tragically, as much as 30% of this is usually wasted. BrainBox AI, which is based in Montreal, Canada, uses artificial intelligence to learn a building’s energy “equations” and then to control them for maximizing energy savings without compromising on residents’ comfort.
Liquid Alternatives: WisdomTree Launches Income Fund Focused On Alternative Credit
Asset manager WisdomTree Investments, Inc. (NASDAQ: WETF) has launched a new ETF designed to navigate the current yield-challenged environment. The WisdomTree Alternative Income Fund (HYIN) will invest in alternate credit sectors and trade on the CBOE.
FinTech: Surging Cash App Volumes Help Square Crush Q1 Market Expectations
Square Inc (NYSE: SQ) left analysts’ estimates in the dust with its numbers for the first quarter. The payments giant clocked quarterly revenues of $5.1 billion, well above analysts’ consensus of $3.34 billion and last year’s tally of $1.38 billion. It reported adjusted earnings of 41 cents per share, compared to expectations of 17 cents and last year’s loss of 2 cents a share.
FinTech: Macy’s Offers Klarna’s “Pay In Four” BNPL Payment Option
Departmental store chain Macy’s (NYSE: M), which operates more than 750 stores nationwide, is partnering with fintech Klarna to offer its Pay in Four service. Macy’s customers can opt to pay for their purchases in four interest-free installments at checkout.
Digital Assets: Tala And Visa Will Offer Stablecoin Transactions To The Underbanked
Tala, a personal finance app and financial services provider active in emerging economies, and Visa (NYSE: V) will collaborate to bring cryptocurrencies, such as the USDC stablecoin, to underbanked people across the world.
Venture Capital: Subscription Platform ReCharge Scores $277M Round
ReCharge, a provider of subscription management software for e-commerce applications, announced today that it received $277 million in growth capital from Summit Partners, ICONIQ Growth, and Bain Capital Ventures. The company achieved a valuation of $2.1 billion in the first funding since its launch seven years ago.
Alternative Investments/Digital: VanEck Lists Digital Assets UCITS ETF In Europe
The VanEck Vectors Digital Assets Equity UCITS ETF (DAPP) is listed on the London Stock Exchange and Deutsche Boerse. It will offer exposure to blockchain-focused companies involved in various digital businesses. It is claimed to be the first ETF on the continent to target companies engaged specifically in digital asset projects.
Artificial Intelligence: ESA Pioneering Development Of AI-Driven Space Debris-Dodging System
Thousands of satellites are being launched every month by companies such as SpaceX, OneWeb, and Amazon as they jockey for space supremacy and build mega-constellations that orbit the earth. Current launches, in a month, exceed more than the annual figure just a few years ago. As a result, there is a growing risk of collisions among spacecraft and debris in the orbital space around the Earth. The European Space Agency is pressing AI to automate collision avoidance procedures.
Venture Capital: Emergence Capital, Which Backed Zoom, Raises $950M For Two New Funds
Venture capital firm Emergence Capital announced it has raised two new funds: Emergence Capital Partners (ECP) VI and Emergence Capital Opportunity I. While ECP VI will invest its haul of $575 million in early-stage B2B tech companies, the Opportunity Fund, which raised $375 million, will primarily make follow-on investments in later-stage startups already backed by Emergence.
Digital Assets: Galaxy Digital To Buy BitGo For $1.2B
Galaxy Digital Holdings Ltd (TSE: GLXY), founded by Michael Novogratz has inked a deal to acquire BitGo Inc for $1.2 billion in cash and stock.
Alternative Investments/Digital: eToro Launches Bitcoin-Themed Portfolio
Last week, eToro flagged off its BitcoinWorldWide product, a thematic portfolio. The platform described it as “a new innovative CopyPortfolio,” covering the value chain created from activities related to bitcoin.
FinTech: Porsche’s App Makes Contactless Parking A Cinch In Melbourne
Porsche owners in Melbourne can now look forward to super-easy off-street parking in Melbourne, Australia, thanks to the all-new Porsche Park app. Advantages: Zero contact parking – just search, navigate, access, and pay.
Artificial Intelligence: AI Crunches Simulations Of The Cosmos Into Minutes
A new AI application makes it dramatically easier to simulate a vast, complex universe in high resolution. This breakthrough is a huge advance in high-resolution cosmological simulations, reducing computation time from hundreds of hours to just a few minutes.
Digital Assets: Fidelity Offers Institutions “Sherlock,” A Data Analytics Solution For Digital Assets
Fidelity Investments has unveiled Sherlock, a data solution for institutions that presents comprehensive fundamental and technical data on digital assets sourced from leading institutional data providers, presented in one central location.
Artificial Intelligence: Google’s Loss, Apple’s Gain? Bengio Joins iPhone Giant
AI stalwart Samy Bengio has joined Apple after quitting Google. Apple (NASDAQ: AAPL) has snapped up acclaimed scientist Samy Bengio after he left Google (NASDAQ: GOOGL) following a highly visible fracas in the search behemoth’s AI department. (Yahoo News) Samy Bengio quit Google last week amid rising discord within Google’s AI ranks, following the firings…
Alternative Investments/ESG: In A World First, Evolve Offers Investments In Major Indices Sans Carbon Footprints
Evolve Funds Group has filed the final prospectus for its launch of the world’s first ETFs that bring carbon neutrality to traditional indices. The Evolve CleanBeta series of ETFs will flag off with the Evolve S&P/TSX 60 CleanBeta Fund (SIXT) and the Evolve S&P 500 CleanBeta Fund (FIVE).
Venture Capital: Autonomous Welder Path Robotics Nabs $56M
Path Robotics announced its raise of $56 million in a Series B round led by Addition and with participation by returning investors Drive Capital, Basis Set, and Lemnos Lab. The company creates manufacturing robots that autonomously scan, position, and weld the customer’s parts without the need for skilled welders or robot programmers.
Digital Assets: Charlie Munger Shreds Bitcoin
Charlie Munger, a legendary investor, and Warren Buffett’s right-hand man lampooned bitcoin at Berkshire Hathaway’s (NYSE: BRK.A) annual meeting on Saturday. On a Q&A session, the company’s 97-year old Vice Chairman fired a salvo of negative comments against the leading cryptocurrency.
FinTech: “Speculative, Casino-Like” (Buffett On Robinhood); “Insulting Old Guard” (Robinhood On Buffett)
At the Berkshire Hathaway (NYSE: BRK.A) annual meeting on Saturday Warren Buffett and Charlie Munger criticized commission-free brokerage Robinhood for fanning gambling behavior by people “who have money in their pockets for the first time.” Their charges drew an equally acidic response from Robinhood, which is likely to go public this year.
Artificial Intelligence: Now AI To Combat The Menace Of Spray Drift
Spray drift refers to the damage to nearby crops and fauna due to pesticide spraying. Unwanted movement of sprayed pesticides due to factors such as wind often result in the chemicals being deposited on unintended targets such as proximate crops or wildlife. However, this problem, referred to as spray drift, is now being tackled in…