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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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Artificial Intelligence: The Vatican Library Deploys AI To Secure Its Digital Collections From Bad Actors
It’s a mammoth project. The Vatican Apostolic Library, also known as the “Pope’s Library,” was established in 1451 and holds an invaluable collection of manuscripts. These range from classical Greek and Latin literature, medieval and Renaissance illuminated manuscripts all the way to texts on mathematics, science, law, and medicine that are over 2,000 years old.
Alternative Investments/Digital Assets: BTCetc Exchange Traded Bitcoin ETC (BTCE) Scores $100M AUM In Four Months
The bitcoin exchange-traded crypto from the stable of the ETC Group that trades on the Deutsche Boerse has taken the honors to become the first crypto ETP to chalk up an AUM of $100 million.
Venture Capital: California Headquartered Chinese Driverless Company Pony.ai Raises $267M
Pony.ai, a Chinese company that is testing its autonomous driving technology in California and China, has nabbed $267 million in its latest fundraising, bringing its cumulative financing to over $1 billion. The round saw participation by existing investors Fidelity China Special Situations PLC, 5Y Capital (formerly Morningside Venture Capital), ClearVue Partners, and Eight Roads. Interestingly, the Teachers’ Innovation Platform (TIP), a fund from the stable of the Ontario Teachers’ Pension Plan Board, led the round.
FinTech: Ant Group May Lose Half Its Value Following IPO Debacle
A Bloomberg report estimates that Ant Group’s valuation could plummet by about $ 140 billion.
Last week, what was to be the world’s largest IPO turned out to be a nightmarish fiasco for Ant Group and Jack Ma. Chinese authorities did not allow the Group’s IPO to proceed and proposed regulatory changes that the fintech, valued around $ 280 billion, would have to comply with.
Digital Assets: Demand For Bitcoin Growing Faster Than Its Supply (Bill Miller)
Veteran investor Bill Miller says cryptocurrency has been the “single best performing asset class” in the last year, five-year, and 10-year periods.
That’s already quite a track record, but according to Bill Miller, the legendary investor who founded Miller Value Partners, the cryptocurrency is now out of the woods, despite its volatility.
Artificial Intelligence: Amidst The Middle East’s New-Found Love For AI, Mubadala Owns A Piece Of Group42
Mubadala, the deep-pocketed sovereign wealth fund based in Abu Dhabi (pictured above), now owns a minority stake in Group42, which provides AI and cloud-powered industry solutions in the region. Mubadala announced its investment on Friday after Group42 acquired the Injazat and Khazna Data Centres.
Alternative Investments/Digital Assets: Bitcoin Shoots Past $15,000
Bitcoin in recent months has got a lot of love from corporates, institutions, and retail investors. It is currently trading at $15,500.
Digital Assets: DOJ Seizes Bitcoin Worth $1B, Allegedly Linked To Silk Road
On Thursday, the U.S. Department of Justice (DOJ) filed to forfeit approximately “69,370.22491543 Bitcoin (BTC), 69,370.10730857 Bitcoin Gold (BTG), 69,370.10710518 Bitcoin SV (BSV), and 69,370.12818037 Bitcoin Cash (BCH), obtained from 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbh on or about November 3, 2020.
Venture Capital: Online Education Provider Udacity Raises $75M Debt
Udacity, the online education provider famous for its ‘Nanodegrees,’ has arranged a debt facility worth $ 75 million with Hercules Capital (NYSE: HTGC) to continue its growth momentum after turning profitable.
FinTech: Facebook’s WhatsApp Cleared To Roll Out UPI Payments In India
Mark Zuckerberg, founder and CEO of Facebook (NASDAQ: FB) said today in a video message that WhatsApp is now cleared to offer a payment service in 10 Indian regional languages using the United Payments Interface (UPI).
Artificial Intelligence: NotCo Launches An AI-Formulated, Plant-Based Milk
NotCo is a Latin American foodtech startup that uses artificial intelligence in the formulation of its plant-based milk NotMilk. Backed by VCs such as Bezos Expeditions, Maya Capital, Indie Bio, Humboldt, and L Catterton, the company has launched NotMilk at Whole Foods Markets across the U.S.
Digital Assets: Russian Aluminum And Hydro Giant En+ Enters Crypto Mining
As bitcoin soars to within a kissing distance of $15K, the En+ Group joins hands with BitRiver. The En+ Group (LON: ENPL), the Russian aluminum and energy giant, has partnered with BitRiver, which owns the largest crypto mining venue in Russia, for cryptocurrency mining.
FinTech: Clarity AI Raises $15M For ESG Platform
Clarity AI is a fintech whose proprietary technology platform enables investors to understand the social and environmental impact of their portfolios. It is, therefore, a useful tool in the current times when ESG is front-of-mind for both retail and institutional investors.
Alternative Investments/ESG: London Based Sparrows Capital Adds ESG to Model Portfolios
Sparrow Capital’s platform-based model portfolio service, SCore MPS, is being augmented by the inclusion of the SCore Responsible MPS range of ESG portfolios.
Venture Capital: 10D, An Israeli Venture Fund, Raises $110M
10D, the Israeli venture capital firm previously known as Ofek Ventures, led by Itay Rand, Rotem Eldar, and Yahal Zilka (pictured above L-R), announced Wednesday its raise of over $ 110 million. The fund intends to invest the money in start-ups that are a disruptive force through the use of deep technologies, new business models, or exceptional entrepreneurial capabilities.
Artificial Intelligence: The AI-Powered Nudemeter For Dark-Skinned Women
Atima Lui, who is of Sudanese and African-American descent, created the Nudemeter because of the difficulty she faced finding makeup colors that suited her dark and rich skin tone. The Nudemeter is a computer-vision tool that helps shoppers choose the best product for their complexion.
FinTech: Of Jack Ma’s Foot-in-Mouth, Irate Chinese Regulators, And A Non-Starter $37B IPO
Chinese authorities pulled rank on Jack Ma following his abrasive comments at the Bund Summit in Shanghai last month, and Ant Group pulled its IPO.
Alternative Investments/ESG: Two New Sustainable Funds From Close Brothers
Close Brothers Asset Management (CBAM), which manages assets worth over £12.6 billion (US$ 16.4 billion), is part of the Close Brothers Group plc (LON: CBG), a FTSE 250 leading UK merchant banking group. Established in 1878, Close is one of the UK’s largest and longest established providers of financial advice and investment management. CBAM is launching two new sustainable funds following demand from clients and intermediaries for funds that invest in ways that show concern and respect for the natural environment, for human dignity, and responsible corporate behavior.
Venture Capital: REEF Technology’s “Proximity-As-A-Service” Model Attracts $700M
REEF Technology, which operates North America’s largest parking network, said in a Facebook post on March 28 that it was working to transform its network of 5,000 parking locations into testing sites, delivery hubs for essential goods & services, and much more in the fight against COVID-19. Fast forward to November, and REEF’s business pivot to these “neighborhood hubs” has landed it $700 million in funds.
Digital Assets: Bitcoin Sceptic Jeffrey Gundlach Now Says It Is a Dollar Hedge
Back in 2017, Jeffrey Gundlach, the founder of investment management firm DoubleLine Capital, termed the growing interest in bitcoin as “mania,” and said he was quite willing to let it carry on without him on board.
Artificial Intelligence: Pope Francis Asks For Divine Help On AI And Robotics
Pope Francis appealed to Catholics around the world to pray that robotics and AI would forever remain in the service of human beings.
Alternative Investments/ESG: The Wealthsimple Shariah World Equity ETF To Debut in Early 2021
Wealthsimple will unveil an ETF that will offer investors, particularly Muslims, exposure to a diversified index of Shariah-compliant stocks. Dubbed the Wealthsimple Shariah World Equity ETF, it will be managed by Toronto-based Mackenzie Investments, and is expected to list in early 2021.
Digital Assets: HSBC Bangladesh Transacts 20K Tonnes Of Fuel Oil On The Contour Platform
Bangladesh executed its first cross-border (Letter of Credit) LC transaction for the import of 20,000 tonnes of fuel oil from Singapore on the blockchain through HSBC. The transaction opens up the possibility of slashing standard LC processing times from 5-10 days to within a day.
FinTech: BSM Company Coupa Acquires AI-Powered Supply Chain Company Llamasoft For $1.5B
Coupa Software (NASDAQ: COUP) announced Monday its acquisition of Llamasoft, a supply chain software company for $1.5 billion. Llamasoft’s AI-powered, cloud platform helps companies make better informed and faster crucial supply chain decisions.