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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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Venture Capital: SoftBank’s Vision Fund 2 Leads $319M Funding In XtalPi
American-Chinese biotech XtalPi, an AI-based drug discovery company, is known for its Intelligent Digital Drug Discovery and Development (ID4) platform. The platform uses quantum physics, artificial intelligence, and high-performance cloud computing algorithms for predictions in drug discovery and development.
FinTech: Blank Check Company Raises $230M In SPAC IPO
Fintech Acquisition Corp. IV (NASDAQ: FTIVU) began trading on the Nasdaq from September 25 after completing its IPO. It issued 23,000,000 units at $10.00 per unit, including 3,000,000 units issued under the underwriters’ over-allotment option.
Artificial Intelligence: Early Detection Of Osteoarthritis Using AI
Osteoarthritis, the painful and incurable joint disease that afflicts over 3 million Americans, may soon be detected much earlier thanks to artificial intelligence (AI). Researchers at the University of Pittsburgh Medical Center (UPMC) and Carnegie Mellon University have harnessed AI to detect osteoarthritis years before symptoms even start to appear.
FinTech: Ant Bank, The All-New Virtual Bank From Ant Group, Is Live in HK
Hong Kong’s citizens can now look forward to bank with an arm of the largest fintech unicorn in the world. Ant Bank, a part of the Ant Group, has launched its virtual banking services after the Hong Kong Monetary Authority granted it a banking license. Ant Bank was one of eight such lucky applicants.
Alternative Investments/ESG: New ETFs For ESG Investing From iShares
iShares launched September 24 its new suite of ESG screened ETFs that track S&P 500 sustainability indexes by market capitalization. Investors looking to keep their portfolios with a greater component of S&P tracked stocks but with a sustainable focus may find these new ETFs useful additions.
Venture Capital: Mosa Meat’s Slaughter-Free Hamburger
Alternative meat startup Mosa Meat, which harvests beef directly from cow cells, rather than raising and slaughtering a whole animal, announced its Series B fundraising of $ 55 million. The amount was a first closing – part of a larger series B funding round.
Led by Luxembourg-based Blue Horizon Ventures, the round was joined by Bell Food Group, M Ventures, and others.
Digital Assets: Consensys To Work On CBDC for HK-Thai Cross-Border Payments
Consensys is a leading U.S. blockchain technology company specializing in Ethereum blockchain infrastructure and applications for new economic systems. It announced September 25 its win of a contract from the Hong Kong Monetary Authority (HKMA) for a central bank digital currency (CBDC) project.
Digital Assets: Novogratz Prefers Bitcoin To Gold; Is Short On Stocks
Michael Novogratz, the founder, CEO, and Chairman of Galaxy Digital has a bearish view of stocks and the dollar and is bullish on gold and bitcoin. But he favors bitcoin over gold for its potential greater upside.
Alternative Investments/ESG: World’s First Actively Managed Sharia ETF To Debut in London
Almalia is a financial services group focused on innovation in Islamic finance, especially Shariah-compliant investments that are also sustainable and ethical. Headquartered in London, and having a presence in the UAE, Almalia has launched the world’s first actively-managed global equity ETF which is compliant with Shariah laws.
Venture Capital: GGV Capital Raising $2B Warchest For Three New Funds
GGV Capital, a leading U.S. based venture capital firm, is raising $2 billion for three funds that will invest in tech startups and growth companies in the U.S. and China.
FinTech: Target To Test BNPL Waters With Sezzle
Shoppers are making a beeline for offers that allow them to pay for their purchases in instalments. Also known as BNPL products, these instalment facilities, generally interest- and fee-free, are grabbing share from credit cards. Sezzle (ASX: SZL) is a leading BNPL platform with 1.6 million customers across the U.S. and Canada. It announced today it’s launch of a Proof Of Concept (POC) with retailer Target Corporation (NYSE: TGT).
Artificial Intelligence: Squarefeet.AI Is Setting Real Estate Prices In Montreal
Squarefeet.ai uses artificial intelligence (AI) to optimize the unit pricing of new residential condo or rental projects, ensuring developers obtain the highest potential revenue. Its algorithm-based platform enables property developers and brokers to price properties on a rational basis rather than using “gut-feel” and “experience.”
Alternative Investments: Alt Investments At HSBC Private Banking Running At Record
Between January and end-August 2020, HSBC Private Banking received $1.6 billion from its clients for investing in alternative investments. These included hedge funds, private equity, private credit, and a private REIT strategy.
Artificial Intelligence: AI Detects Loneliness With 94% Accuracy
Researchers at the University of California San Diego School of Medicine have found in a study that AI tools using NLP can predict the level of loneliness in older adults.
FinTech: Stripe To Process Cloud Payments For Salesforce’s Digital 360
CRM leader Salesforce (NYSE: CRM) announced that Stripe, the leader in global payments processing, will power its Commerce Cloud Payments for its all-new Digital 360 platform. The Digital 360 platform seeks to drive commerce and digital transformation in enterprises by bringing together marketing, commerce, and digital experience products.
Digital Assets: Conglomerates Employ Technology To Track Deforestation
JBS S.A. (BVMF: JBSS3), the largest meatpacker in the world, has committed to maintaining a vigil against deforestation throughout its supply chain. The Brazilian company has been under pressure from investors and environmentalists because its beef production is leading to deforestation in the Amazon. Cattle owners have been known to clear forests to make way for pasture land.
Venture Capital: Greenlight Financial’s Series C Earns It $215M And Unicorn Badge
Greenlight’s mission to help kids save and spend smart with its debit cards received a $215 million boost Thursday via its Series C funding. Led by Canapi Ventures and TTV Capital, the round also received participation from new investors BOND, DST Global, Goodwater Capital, and Fin VC. Greenlight also welcomed aboard Relay Ventures as its first institutional investor.
Alternative Investments/Real Estate: New Global Real Estate ETF From Cambria
Cambria Investment Management, which focuses on alternative investments using quantitative asset management techniques, has launched a new real estate fund.
Digital Assets: Panxora Launches AI-Powered, Quantitative Hedge Fund For DeFi
The Panxora Group announced Monday its launch of a DeFi-focused hedge fund. The Cayman Island-based fund will offer investors the opportunity to invest in DeFi tokens and is already accepting subscriptions.
Venture Capital: Sneaker-Focused, Online Platform Goat Grabs $100M
Goat Group, which specializes in selling sneakers on its Goat.com online marketplace, announced Wednesday its raise of $100 million in a Series E funding round from D1 Capital Partners. The round valued Goat at $1.75 billion. The startup, therefore, turned unicorn, having previously been valued at $550 million. Goat Group operates the GOAT, Flight Club, and alias brands.
Artificial Intelligence: Adobe’s Liquid Mode Uses AI To Make PDFs Readable On Phones
Adobe’s (NASDAQ: ADBE) newly-launched “Liquid Mode” deploys artificial intelligence (AI) to automatically reformat documents, such as text- or image-heavy PDFs. The result: users can quickly view or navigate these documents despite their size or complexity.
FinTech: Tech Giant Yandex To Acquire Pole Position In Russia’s Fintech Industry
Investors made a bee-line for the stock of Russian technology giant Yandex (NASDAQ: YNDX) after it bid Tuesday for Tinkoff, a leading online bank in the country. Yandex shares touched a record high after analysts and investors apparently thought it was a marriage made in heaven.
Liquid Alternatives: Retail Investors Can Use Alternative ETFs To Their Advantage
Krista Hicks, senior vice president of business development at Horizons ETFs, will speak at the WP Advisor Connect virtual event on Thursday, September 24, 2020. The virtual event is themed “The Rise of Alternative Investments” and aims to deliver a comprehensive view of the world of alternative investments. Hicks will participate in the workshop “Why alternatives should have a place in your portfolio” led by Women in ETFs.
Venture Capital: Robinhood, The ‘Go-To’ Trading App For Millennials, Snags $660M
According to an exclusive report today by Reuters, Robinhood Markets Inc. the trading app so popular with millennials, raised $660 million in its latest Series G funding round. Robinhood previously announced its Series G funding with a $200 million investment by D1 Capital Partners. A company spokeswoman told Reuters Tuesday that the round was expanded to $660 million at a valuation of $11.7 billion.