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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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Alternative Investments/ESG: BMO Global Launches China A-Shares Fund
BMO Global Asset Management has expanded its range of 14 Responsible Investment products with the launch last week of the BMO LGM Responsible China A-Shares Equity fund. The ESG-oriented fund will invest in the top Chinese stocks that feature strong corporate governance and management of social and environmental issues.
Artificial Intelligence: About RoboRXN, IBM’s Lab In The Cloud
The time and cost incurred to develop a new material or molecule can take as long as 10 years and $ 10 million. A lot of actions in the chemical research are repetitive, or cumbersome because they rely on a trial and error practice. At IBM (NYSE: IBM) Research Europe, scientists have reinvented chemical research and molecular discovery by incorporating artificial intelligence, cloud technology, and robotics into the mix. The result: RoboRXN.
FinTech: PayPal Introduces “Pay in 4”, An Interest-Free BNPL Offering
PayPal (NASDAQ: PYPL) is getting into the Buy Now Pay Later sphere as consumers increasingly adopt the product, which is often used as a replacement for a credit card. On Monday, the payments giant announced “Pay in 4,” a short-term installment product that allows consumers to make a purchase and pay for it in four, interest-free installments.
Venture Capital: Cancer Drugs Creator Erasca Expands Series B To $236M
Erasca, whose mission it is to Erase Cancer, announced Monday the completion of a $36 million extension of its Series B round, originally targeted for $200 million. The new investors this time around were Partner Fund Management and OrbiMed. The original $200 million Series B round was led by ARCH Venture Partners and Cormorant Asset Management. New investors at that time included EDBI, Terra Magnum Capital Partners, and Invus.
Digital Assets: Vertalo to Tokenize Real Estate in Mexico and Canada
MountX Real Estate Capital is a proptech investment platform that provides access to investment opportunities backed by institutional-quality real estate assets in Canada. The firm has partnered with Vertalo, a digital transfer agent that specializes in the tokenization of assets, to design and launch over 15 digital real estate projects in Mexico and Canada.
Artificial Intelligence: Elon Musk Demos Neuralink, A Future Brain Implant
At the much-anticipated Neuralink “product update,” Elon Musk demonstrated how Gertrude, a pig implanted with a Neuralink brain-computer-interface (BCI) device, was alive and healthy. “We have a healthy and happy pig, initially shy but obviously high energy and, you know, kind of loving life, and she’s had the implant for two months,” Musk said of Gertrude, the pig.
Liquid Alternatives: Soon, On A Blockchain With The Archax+ Algorand Tie-Up
Archax and blockchain provider Algorand will collaborate to create smart financial products that can trade on the newly FCA-regulated Archax digital exchange. These innovative new products include stablecoins and liquid alternatives. The latter are financial products, available in an ETF or mutual fund wrapper, that employ alternative investment strategies but can be bought or sold every day.
Venture Capital: BITKRAFT Closes Gaming Fund At $165M
BITKRAFT Ventures is a venture capital company that invests in companies and start-ups in the fields of games, media, and esports. BITKRAFT is led by Jens Hilgers, the former ESL CEO and G2 Esports chairman. It announced a raise of $ 165 million for its new fund, exceeding the originally targeted amount of $ 125 million.
FinTech: StartEngine Helped Everyday People Invest $200M in Startups
StartEngine, a securities crowdfunding platform, has helped raise $200 million for entrepreneurs and companies on its platform. The amount covered funding across 53 industries to 439 companies.
Digital Assets: Grayscale Owner DGC Makes $100M Bitcoin Mining Foray
Digital Currency Group (DCG), the owner of Grayscale Investments and CoinDesk, and an investor in blockchain companies globally announced its commitment to invest over $ 100 million in Foundry, a wholly-owned crypto mining subsidiary.
FinTech: Losses Escalate At Swedish Fintech and BNPL Provider Klarna
The red ink at Klarna, the Buy-Now-Pay-Later (BNPL) financing provider so popular with shoppers, is splashed rather prominently across its financial report for the six months ended June 2020. Expansion costs and provisions for losses on credits given to customers mainly accounted for the net loss of 522 million Swedish krona ($59.8 million) during the period. That’s up nearly 7X from its loss of 73 million krona in the same period last year.
Digital Assets: Russian Nabbed In Attempted DDoS Cyberattack on Tesla
The Department of Justice on Tuesday announced the arrest of Egor Igorevich Kriuchkov, a Russian citizen, on the charge of conspiring to breach Tesla’s (NASDAQ: TSLA) network and to infiltrate it with malware.
Artificial Intelligence: The U.S. Lays Out $1B For New AI And Quantum Computing Institutes
The White House Office of Science and Technology Policy, the National Science Foundation (NSF), and the US Department of Energy (DoE) are together the architects of a $1 billion plan to set up 12 multi-disciplinary and multi-institutional national hubs for research and workforce development relating to AI and quantum information science (QIS).
Venture Capital: Early Cancer Detection Company Freenome Lands $270M
Freenome’s multiomics platform detects key biological signals that portend early cancer. The company trained the platform on thousands of cancer-positive blood samples so that it learnt which biomarker patterns signify a cancer’s stage, type and most effective treatment pathways. Early cancer detection is now possible with a routine blood draw. The biotechnology company announced an oversubscribed series C funding round of $ 270 million.
Alternative Investments/ESG: HSBC GAM Launches Sustainable Equity UCITS ETF
The HSBC Asia Pacific ex Japan Sustainable Equity UCITS ETF is a low-cost, passive investing vehicle for exposure to Asia Pacific equities ex Japan. It tracks customized FTSE Asia Pacific ex Japan ESG Low Carbon Emissions Select Index, an index that integrates ESG (environmental, social and governance), carbon emissions, and fossil fuel reserves considerations.
Private Equity: Nutanix Gets $750 Million Investment from Bain Capital
Private Equity: Nutanix Gets $750 Million Investment from Bain Capital Nutanix — a leading cloud computing company — announced Bain Capital Private Equity’s $750 million investment in the company. Chairman and CEO of Nutanix Dheeraj Pandey claimed “Bain Capital Private Equity has deep technology investing experience and a strong track record of helping companies scale…Bain…
Real Estate: Commercial Real Estate Landlords Partner with Flex Space
Real Estate: Commercial Real Estate Landlords Partner with Flex Space Demand is rising for flexible and spacious commercial real estate. Consequently, landlords are paying attention to these flex spaces and investing in them. Flexible office spaces are rising in demand mainly due to their dynamic and collaborative environments. Landlords are now partnering with flex-space operators…
Digital Assets: Nasdaq-Listed Cryptominer Marathon Acquires Fastblock Mining For $22M
Marathon Patent Group, Inc. (NASDAQ: MARA) will acquire Fastblock Mining for approximately $22 million in an all-stock deal. Marathon will issue 8,658,009 shares to Fastblock, a mining-as-a-service company, in a private placement transaction. Marathon shares closed Wednesday at $2.54.
Artificial Intelligence: UC Davis Awarded $20M Grant For Researching Next Gen Food Systems
UC Davis has received a grant of $20 million for a research institute to integrate artificial intelligence in food systems. The project is one part of a national drive worth $ 140 million being conducted by the National Science Foundation involving research universities and agencies.
Alternative Investments: SEC Revamps Definition of “Accredited Investor” For Private Capital Markets
The SEC on Wednesday amended its definition of “accredited investor,” a term that drew a line between high-earning, deep-pocketed investors and retail investors for access to often lucrative opportunities in the private capital markets. Also known as “alternative investments,” these markets include, for example, venture capital, hedge funds, private equity, and real estate.
Venture Capital: VCs And Startups Rejoice – The NYSE Has An Alternative To IPOs
In a ruling Wednesday, the SEC gave the New York Stock Exchange the green light to let companies raise capital through a “Primary Direct Floor Listing” process. Before this decision, private companies could use the direct method to list their shares on the stock exchange but did not themselves receive any of the proceeds from the IPO. That’s because this route allowed existing investors in those companies to sell their shares on the market (“Selling Shareholder Direct Floor Listing”), with no new capital being raised by the company itself.
FinTech: TipRanks and Markets.com Bring Quant Investing to Retail Investors
TipRanks, the Israeli data company and fintech that provides rankings on financial analysts, has tied up with Markets.com, an online broker, to bring quantitative models to the latter’s platform. Gone are the days when these sophisticated tools were available only to hedge funds and banks – the everyday investor can now dip their toes into the world of financial algorithm-powered investing.
Hedge Funds: Hedge Funds Mount Pressure on EU Loophole
Hedge Funds: Hedge Funds Mount Pressure on EU Loophole European regulators are attempting to close a loophole that allows front-running. The London Stock Exchange Group and Euronext NV claim that the EU should instill more restrictions to monitor brokers’ trades on price inquiries from their clients. However, traders will gain knowledge from a security before…
Private Equity: Private Equity Company Buys St. Petersburg Company Compulink
Private Equity: Private Equity Company Buys St. Petersburg Company Compulink St. Petersburg company Compulink Cable Assemblies is now under new ownership. The company manufactures cables and harnesses for both military and commercial purposes. kSARIA Corp. is the company that bought Compilink. kSARIA specializes in providing mission-critical connectivity solutions for defense and aerospace markets. The company…