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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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FinTech: BNPL Partnerships To The Fore As Holiday Shopping Looms
Macy’s (NYSE: M), the iconic American departmental store, has bought a stake in the Swedish payments group Klarna which is known for its BNPL service. The two companies have also inked a five-year partnership whereby Klarna will make its BNPL offer available to Macy’s online customers. Under the offer, shoppers can choose to pay for their purchases in four interest-free installments.
Alternative Investments/ESG: New Social Justice ETF From Tidal And Adasina
Adasina Social Capital is committed to utilizing public financial markets to implement social justice. It spurs investors to divest from companies that are guilty of racial inequities, do not support gender equity, are unfair in their financial dealings with employees or the public, and contribute to detrimental climate change.
Venture Capital: Crowdfunding Peers Crowdcube And Seedrs To Merge
Crowdcube and Seedrs, the competing leaders in the UK crowdfunding market, have joined forces.
Digital Assets: Cyber and Crypto Legend John McAfee Arrested In Spain
Cybersecurity specialist, of McAfee AntiVirus fame, and prominent crypto personality John McAfee was arrested in Spain on charges of alleged tax evasion and fraud.
FinTech: Italian Payments Providers Nexi And SIA To Combine In €15B Deal
Nexi Spa and SIA Spa, both companies in the payments sector, announced Monday their merger by incorporation of SIA into Nexi. The transaction will create a digital behemoth with approximately €1.8 billion in annual revenues and about €1 billion of EBITDA. The market cap of the merged organization will be approximately €15 billion.
Artificial Intelligence: NVIDIA To Build AI Supercomputer For Healthcare
NVIDIA (NASDAQ: NVDA), the US tech giant that specializes in GPUs for computer gaming and artificial intelligence and has a market capitalization of $337 billion, is building the U.K.’s most powerful supercomputer. According to a Reuters report, the machine will power AI for the solution of problems in drug discovery and other medical challenges such as COVID-19.
Alternative Investments/ESG: iShares Launches Europe’s First Govt Bond Climate ETF
The iShares € Govt Bond Climate UCITS ETF seeks to track the performance of a climate risk-adjusted index offering exposure to Eurozone, investment-grade government bonds. Among Eurozone government bonds, it will provide a higher exposure to countries less exposed to climate change risks and lower exposure to countries that are more exposed to climate change risks.
Digital Assets: Coinbase Enables Real-Time Withdrawals To Customers’ Cards
Coinbase have made it very simple to withdraw cryptos sitting in your account with them. Just sell the amount you need to your GBP, Euro, or USD wallet with Coinbase. Once you have money in any of these wallets, it’s a cinch to withdraw it directly to your Visa (NYSE: V) Fast Funds enabled credit and debit card.
Venture Capital: Leading Logistics Investor Greenbriar Commits $500M To Uber Freight
New York-based Greenbriar Equity Group, a top-tier investor in logistics businesses, will invest $500 million in a Series A preferred stock financing for Uber Freight, the logistics arm of Uber. The transaction valued Uber Freight at $3.3 billion, post-money.
FinTech: Blackline Acquires Rimilia, Which Automates A/R Using AI
Blackline (NASDAQ: BL) helps businesses automate their manual accounting processes with its cloud-based solutions and customer service. It announced October 2 the acquisition of Rimilia, a SaaS platform that helps automate Accounts Receivable (A/R) using the cloud.
Artificial Intelligence: AI Helps Firmenich Create “Lightly Grilled Beef” Flavor
Plant-based meat alternative makers will welcome the new “lightly grilled beef flavor” launched by Firmenich, the world’s largest privately-owned perfume and taste company. Created using AI, the new flavor is the result of a collaboration between Firmenich and Microsoft (NASDAQ: MSFT).
Alternative Investments: Liquid Alt ETF Provider Accelerate Offers Ready-Made Alternative Investment Strategy
Last month, Accelerate Financial Technologies launched the OneChoice Alternative Model Portfolio. It’s a quick and easy route to gain exposure to a collection of alternative investment strategies as a diversification to a client’s core portfolio.
Alternative Investments/VC: The Defiance SPAC ETF Starts Trading
Defiance ETFs announced today the trading launch of the very first SPAC (Special Purpose Acquisition Company)-focused ETF. Its Defiance Next Gen SPAC Derived ETF (NYSE: SPAK) begins trading today. The ETF will provide investors exposure to previously private companies that obtained listing by combining with a SPAC. The ETF will also invest in SPACS that are still holding cash pending an acquisition or merger.
Artificial Intelligence: Kroger Enlists AI To Smoothen Self-Checkout
Retail chain The Kroger Co. (NYSE: KR) has selected AI company Everseen to deploy artificial intelligence technology at 2,500 stores across the U.S. Kroger’s objective is to reduce the errors that occur occasionally at self-checkout. The technology will allow customers to self-correct the errors.
Venture Capital: Online, U.K.-Based, Used Car Marketplace Cazoo Raises $310M
Cazoo, the UK-based online marketplace for used cars, announced Thursday that it had raised £ 240 million ($ 310 million) in its latest funding round from an “all-star line-up of leading investors.”
Digital Assets: Venezuela Testing Decentralised Digital Exchange To Be Available Worldwide
According to reports, Venezuela will soon launch a pilot test of a decentralized stock exchange featuring both crypto and fiat currencies that can be used for trading from anywhere in the world. Presumably, the exchange will run on the Ethereum blockchain indicated by its use of ERC token models.
FinTech: Goldman Sachs Acquires GM Credit Cards In Continuing Consumer Thrust
Goldman Sachs (NYSE: GS) is making a second foray into credit cards after its partnership with Apple (NASDAQ: AAPL) for Apple Card. According to the Wall Street Journal, which first reported the development, Goldman Sachs pipped Barclays plc (LON: BARC) to the finishing line with a bid of approximately $ 2.5 billion for the GM credit cards business.
Digital Assets: Venezuela May Soon Use Cryptos To Evade Trade Sanctions
In a televised speech, Venezuelan President Nicolas Maduro proposed a new bill to stimulate the use of petro, the country’s homegrown digital token, and other global cryptos in domestic and international trade.
Venture Capital: E-Commerce Specialist VTEX Snags $225M At $1.7B Valuation
Riding a pandemic-induced surge in its business, ecommerce platform VTEX achieved unicorn status with a $225 million Series D round. The round comes within less than a year of its previous, Softbank-led $140 million round last November.
FinTech: October, An Alternative Lender To European SMEs, Raises $300M
October is a pan-European lending platform founded in 2014. It focuses on European SMEs and connects them to private and institutional lenders for their financing requirements. It announced Wednesday its raise during summer of € 258 million in cooperation with major international investors.
Artificial Intelligence: Spanish Insurer Settles Auto Claims Using Tractable AI
Spanish insurer Admiral Seguros, which is a subsidiary of global insurer Admiral, has made it very easy for its customers to report and claim for vehicle damage. Admiral Seguros has deployed technology company Tractable’s AI solution to accurately assess vehicle damage. The insured person simply has to upload photos of the car crash via the web, and the AI does the rest.
Alternative Investments/ESG: Amundi Expands ESG Range With Two New ETFs
Amundi Asset Management launched its Amundi MSCI Emerging ESG Universal UCITS ETF offering investors exposure to large- and mid-cap securities in 26 emerging markets countries.
Digital Assets: Devere’s Nigel Green Says Bitcoin Would Be “Ultimate Safe Haven”
Devere Group CEO Nigel Green was speaking at an interview with MoneyFM on the occasion of the launch of new crypto indices by the Singapore Exchange. Green has been a perma-bull on cryptocurrencies, particularly bitcoin. In the interview, he cited bitcoin’s growing rate of adoption. Also, its limited availability, similar to gold, and its popularity with younger people, could boost the value of bitcoin in the future.
Artificial Intelligence: Zhu Songchun, UCLA’s Prized AI Expert, Returns To China
A statement last Friday from Peking University said Professor Zhu Songchun, the renowned computer vision expert at the University of California at Los Angeles, had returned to China to lead its Institute of Artificial Intelligence.