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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: Why Citi Sees Bitcoin At $318K By December 2021
Fitzpatrick is also the global head of the award-winning CitiFXTechnicals product within the G10 FX business. In a report addressed to Citi’s (NYSE: C) institutional clients, he dubbed bitcoin as the new gold. He also went on to assign a ‘hold-your-breath’ price target of $318,000 for the cryptocurrency by the end of 2021.
Alternative Investments/AI: A New “Disruptively Themed” Index From Goldman Sachs And Solactive
In August, Goldman Sachs Asset Management (GSAM) announced that its trustees had approved the merger of five thematic ETFs into a single fund – the Goldman Sachs Innovate Equity ETF (NYSEARCA: GINN) – on an equal-weighted basis in a single ticker solution.
FinTech: Glint Pay Raises £2.5 Million
Glint Pay, a currency fintech that encourages people to ‘buy, sell, spend and share’ their physical gold through its app, announced Friday its fundraise of an additional £2.5 million. Of this amount, the startup received £1.25 million as a private investment, with a matching amount contributed by the U.K. Government’s Future Fund.
Artificial Intelligence: An IPO, And An Acquisition
C3.ai, the software company launched by former Oracle executive Tom Siebel, filed papers for an IPO sized $100 million. The company intends to list on the New York Stock Exchange under the ticker symbol AI. Snap Inc (NYSE: SNAP) acquired Israeli voice assistant solutions startup Voca.ai for about $70 million.
Venture Capital: SpaceX Launches A Full Crew Into Orbit In Historic Milestone
SpaceX’s Crew Dragon spacecraft, “Resilience,” took off from Florida on Sunday on its Crew-1 mission to transport NASA astronauts Mike Hopkins, Victor Glover, Shannon Walker, and Japan Aerospace Exploration Agency astronaut Soichi Noguchi to the International Space Station.
Liquid Alternatives: The Wilshire Liquid Alternative Index Declines 0.51% in October
The Wilshire Liquid Alternative Index was down 0.51% in October. The index provides a representative baseline for the performance of the broader liquid alts space. This figure fell short of the -0.22% return from the HFRX Global Hedge Fund Index in the month of October.
Digital Assets: Belarusbank Trying To Tiptoe Around Sanctions With New Crypto Exchange Service
Belarus is joining the ranks of countries such as Venezuela, Iran, and Turkey that are facing economic pressures, from sanctions or otherwise, and taking recourse to cryptocurrencies. Belarus is burdened by EU sanctions against its officials and president Alexander Lukashenko. The country’s biggest bank, state-owned Belarusbank is offering to transact cryptocurrencies using Visa payment cards.
Artificial Intelligence: Vaiot, IBM’s Watson, And Cosmos Combine To Sell Car Insurance
. Enterprise AI developer VAIOT has integrated AI using IBM’s (NYSE: IBM) Watson Assistant to sell car insurance via an app and record the contracts on the Cosmos blockchain.
Venture Capital: Another Big Ticket Deal in CyberSecurity – Menlo Raises $100M
Menlo Security, which is based in Mountain View, California, announced its fundraising of $ 100 million led by Vista Equity Partners. Neuberger Berman, General Catalyst, JP Morgan, and other existing investors also participated in the Series E round. The round valued it at $800 million.
Alternative Investments/Real Estate: The Global X Data Center REITs & Digital Infrastructure ETF (VPN)
“The common denominator for game-changing technologies like 5G, the Internet of Things, and artificial intelligence is the physical digital infrastructure that enables the seamless transfer, computation, and storage of data,” says Global X. “With surging demand and physical capacity constraints, data centers and cellular towers are real estate assets that could offer investors the potential for both growth and income generation.”
Digital Assets: Blockchain And AI Combine To Optimize Car Parking In Munich
Cambridge-based AI lab Fetch.ai and enterprise blockchain solutions provider Datarella announced trials of M-ZONE, their smart city zoning infrastructure. The project will utilize multi-agent blockchain-based AI digitization services to unlock data and provide smart mobility solutions around commercial real estate in the city center.
FinTech: U.K.’s iwoca Aims To Lend Over £200M To Small Businesses
Lender to small businesses, iwoca, has determined to lend another £ 100 million to U.K.’s small businesses under the CBILS scheme, it announced today. With £ 100 million already lent, that would bring iwoca’s loan total to over £ 200 million by January 31, 2021.
Venture Capital: A Big Fundraise, And An Acquisition, In Cybersecurity
SentinelOne announced Wednesday its Series F raise of $267 million in a round led by Tiger Global Management, with participation from Sequoia Capital Global Equities and existing investors including Insight Partners and Third Point Ventures. The same day, Palo Alto Networks (NYSE: PANW) announced its agreement to acquire Expanse Inc for approximately $ 800 million.
Artificial Intelligence: The European Space Agency Will Use AI to Burn Space Debris
The European Space Agency is embarking on its first mission to remove space debris from orbit. A rough estimate, about 34,000 pieces of junk are presently orbiting the Earth, and their presence is a danger to space missions carrying cargo and humans. At risk also are expensive satellites that perform essential services for mankind such as communications, weather prediction, and the Internet. The ESA’s first target is to recover an obsolete payload adapter – the Vespa Upper Part – that is currently orbiting at 660 km above the Earth.
Digital Assets: China Construction Bank To Float $3B Of CDs On The Blockchain
China Construction Bank (HK: 0939), a Big Four bank in China, and the second largest bank globally, has digitally issued bonds through its offshore branch in Labuan, Malaysia. The first tranche of the $3 billion debt issuance is worth $58 million and will accept investments from both institutions and retail individuals. The minimum investment is only $100.
FinTech: Blockchain-Based Financial Services Provider Figure Tech Eyes Banking Charter
San Francisco-based Figure Technologies offers financial services using the blockchain. These include home equity lines, mortgage refinance, a marketplace for buying and selling loans, digital fund services, asset management and cap table management. Figure said it had applied last week for a national bank charter from the Office of the Controller of the Currency (OCC).
Alternative Investments/Digital Assets: Saylor And Druckenmiller Weigh Bitcoin Versus Gold
Michael Saylor is Chief Executive, MicroStrategy (NASDAQ: MSTR), the listed company that made waves with its bold investments aggregating $425 million in bitcoin earlier this year. Stanley Druckenmiller is a billionaire with a background – he and George Soros broke the British pound in 1992. Their recent pronouncements reveal a preference for bitcoin over gold as an investment.
Venture Capital: Carbon Health Raises $100M To Open 1,500 New Clinics
Carbon Health, the high technology healthcare company that provides both virtual and in-clinic care to patients, announced Tuesday its raise of $100 million. The Series C funding round was led by Dragoneer Investment Group and saw participation by existing backers Brookfield Technology Partners, DCVC, and Builders VC.
Artificial Intelligence: Auto Remarketing Company V.I.P. Auctions To Use AI For Vehicle Inspections
UVeye is a computer vision company that develops automated inspection systems for vehicles, powered by artificial intelligence and proprietary hardware. It announced Tuesday that Georgia-based V.I.P. Auctions will be the first remarketing group in the U.S. to utilize its artificial intelligence technology to support inspections of pre-owned vehicles.
Alternative Investments/ESG: The New Fixed Income SPDR ETF From State Street For ESG Investors
The new SPDR Bloomberg SASB Corporate Bond ESG Select ETF (NYSEARCA: RBND) from State Street Global Advisors expense the asset manager’s ESG lineup. The ETF suits investors seeking exposure to US dollar-denominated investment-grade corporate bonds with accompanying ESG attributes.
Digital Assets: Cerealia’s Blockchain-Based Platform For Trading Crops Is Live
Traders of physical crops such as wheat, sorghum, corn, and barley, conducting their trades by telephone in Russia and Europe, now have a digital platform as an alternative. Cerealia SA, based in Pully, Switzerland, has thrown open its blockchain-based physical agriculture trading platform for commercial use.
Venture Capital: Nuro, Which Makes Self Driving Vehicles For Local Deliveries, Raises $500M
Nuro, a four-year-old start-up that is developing self-driving delivery robots, has several firsts to its credit. Earlier this year, it’s R2 robot became the first autonomous vehicle to be approved by the US Department of Transportation. It then became the second autonomous vehicle to be awarded a driverless testing permit in California. Lastly, Nuro has the distinction to be testing R2 for the past few months in the three different states of California, Texas, and Arizona. It announced Monday its new $ 500 million Series C funding round.
FinTech: India’s Competition Commission Orders Probe Against Google Pay
The Competition Commission of India (CCI) has ordered its investigation arm, the Director-General, to conduct a detailed probe against Google (NASDAQ: GOOGL) for indulging in allegedly anti-competitive practices to promote its Google Pay online payment system and digital wallet platform.