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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: Verta Pioneers AI/ML Model Management System
Verta, a startup founded by MIT CSAIL graduate Manasi Vartak, develops software to help data science teams manage their Machine Learning (ML) models.
“Between the difficulty of managing model versions, rewriting research models for production, and streamlining data ingest, the development and deployment of production-ready models is a frustrating struggle for small and large companies alike,” Verta says on its website. Verta announced Tuesday its Series A funding of $10 million led by Intel Capital with participation from General Catalyst who led the seed round.
Liquid Alternatives: A Potential Golden Era Afoot For Liquid Alternatives
Davin Hood, managing director at Cor Capital, a Melbourne-based investment manager, feels that now is not a good time to ignore alternatives. “A fundamental economic standpoint is clearly one of a high degree of risk and traditional asset allocations have been heavily tied to equity market growth,” he observes. Hood advocates an absolute return mindset that focuses on the reduction of drawdowns to allow for the power of compounding of returns.
Venture Capital: ReliaQuest Reels In Over $300M In Funding Round Led by KKR
ReliaQuest, a global leader in cybersecurity, protects enterprises from security breaches. It announced Tuesday its fundraising of over $300 million in growth financing in a round led by global investment firm KKR. Ten Eleven Ventures and ReliaQuest founder and CEO Brian Murphy also participated in the round.
Digital Assets: Crypto Exchange FTX Snaps Up Portfolio Tracker Blockfolio for $150M
FTX is a cryptocurrency derivatives exchange that offers spot and futures trading on various cryptocurrencies, the world’s first liquid cryptocurrency index future, futures that settle to the absolute change in the price of a coin over time, options, leveraged tokens, and other such innovative crypto products. The institutional-focused exchange acquired Blockfolio, a portfolio tracker that supports over 10,000 cryptocurrencies and blockchain assets across 500+ exchanges.
FinTech: Global Payments Company WorldRemit Acquires Africa-Focused Sendwave
WorldRemit, a cross-border and worldwide payments processor, announced Tuesday its acquisition of Sendwave, an app-based remittance company that focuses on recipients in Ghana, Nigeria, Senegal and East Africa.
Hedge Funds: Hedge Fund Gains from Wildfires Bet
Hedge Funds: Hedge Fund Gains from Wildfires Bet Prominent hedge fund Baupost Group received over $3 billion in July from its bet on insurance claims. These claims were targeted against PG&E Corp. which was connected to California wildfires. Baupost Group saw a massive profit from this buyout. According to Bloomberg, Baupost bought some of the…
Private Equity: Southeast Asian Private Equity Has $8.7 Billion to Spend
Private Equity: Southeast Asian Private Equity Has $8.7 Billion to Spend Despite the Coronavirus pandemic, private equity companies in Southeast Asia are sitting on a lot of cash. In fact, the pandemic has created more opportunities for these companies. One company is Ascent Capital Partners — a Singapore company planning to invest in tech, education,…
Alternative Investments/ESG: Global AUM in ESG ETFs and ETPs Shoots Past $100B End-July
ETFGI reports that inflows into global ESG ETFs and ETPs during the month of July were $6.76 billion. That brought the total inflows into these funds for the year 2020 to date to a record of $38.78 billion, more than triple the figure of $12.37 billion in 2019 at the same time. In another indicator of the bullish fervor in favor of ESG, inflows for the first seven months of the year have already far exceeded the inflows of $26.71 billion received during the entirety of 2019.
Venture Capital: AI Platform Dataiku Raises $100M In A Series D Round
Dataiku announced Monday its Series D raise of $100 million led by Stripes with Tiger Global Management joining existing investors Battery Ventures, CapitalG, Dawn Capital, FirstMark Capital, and ICONIQ.
Digital Assets: Canadian Software Company Snappa Converts 40% Cash to Bitcoin
Canadian graphics software company Snappa started converting cash reserves into bitcoin since March this year after realizing that the purchasing power of Canadian and U.S. dollars is actually decreasing after adjusting for inflation. Writing in a blog, Snappa co-founder Christopher Gimmer said bitcoin “now makes up a significant percentage of our company’s overall cash reserves.”
FinTech: Afterpay Buys European BNPL Provider Pagantis for €50M+
ASX-listed Afterpay Limited (ASX: APT) is making moves to expand into the Continent. According to a Monday announcement, its subsidiary Clearpay (Europe) Limited has acquired the entire shareholding in Pagantis SAU and PMT Technology SLU from NBQ Corporate SLU.
The companies (collectively referred as Pagantis) provide a range of buy now, pay later (BNPL) services, as well as traditional credit services, in the EU countries of Spain, France, and Italy. Pagantis also has regulatory approval to operate in Portugal.
Artificial Intelligence: How AI Can Help Improve The Kidney Transplant Network
How to give desperate patients a better chance to get a kidney? Researchers at the Missouri University of Science and Technology (S&T) have started a project that utilizes AI to process data inside a kidney transplant network. It will help remove the current difficulties of kidney transplants – thousands of patients on a waiting list, while a large number of kidneys are discarded because donor matching could not be completed in time.
Private Equity: Private Equity to Invest More in Women’s Healthcare
Private Equity: Private Equity to Invest More in Women’s Healthcare Private equity has already heavily invested in the healthcare industry, but women’s healthcare has been overlooked. However, there has been a “substantial increase” in women’s health providers connected to private equity companies. According to researchers, 17 of the 24 women’s health companies that gained private…
Hedge Funds: Hedge Funds Hesitant on Gold
Hedge Funds: Hedge Funds Hesitant on Gold Hedge funds have reduced their focus on gold as the market for gold has become more turbulent. The CFTC illustrated that money managers decreased their gross long positions. Comex gold futures shrunk by 4,402 contracts to a total of 151,016. Short bets fell by 2,148. Gold’s net length…
Digital Assets: Bitcoin An Insurance Policy Against Inflation [Grayscale Report]
In an attempt to unravel the complexities of evaluating the dominant cryptocurrency, Grayscale Investments has assessed macroeconomic factors and indicators of demand and supply in a new report titled “Valuing Bitcoin.” The report concludes that the current Bitcoin market structure parallels that of early 2016 before it began its historic bull run.
Liquid Alternatives: Churn Amongst Senior Portfolio Managers at AllianzGI Liquid Alt Funds
Portfolio managers at AllianzGI for three funds in the market neutral long/short category and one fund in the merger arbitrage strategy have been reassigned.
Venture Capital: Goldman Sachs To Raise A $2B Tech Venture and Growth Fund
Goldman Sachs Group (NYSE: GS) is mulling the flotation of a technology-focused venture and growth fund worth $ 2 billion.
FinTech: Checkout.com and Pakistan Payment Gateway NIFT Sign Deal
The Memorandum of Understanding is for collaboration between the two entities for Pakistan’s payment systems. National Institutional Facilitation Technologies, Pakistan (NIFT), and checkout.com have agreed to collaborate on cross-border payment solutions. (ProPakistani) Incorporated in September 1995 as a joint venture between a consortium of six major Pakistani banks and entrepreneurs from the private sector, NIFT…
Artificial Intelligence: Deep Learning AI To Foil Cryptojacking Computer Pirates
Researchers at Los Alamos National Laboratory have devised an AI-based software watchdog that thwarts malicious actors from hijacking computer resources for the illicit mining of cryptocurrencies such as bitcoin and monero. This criminal activity is known as cryptojacking.
Hedge Funds: Hedge Fund to Close Following Neiman Marcus Bankruptcy
Hedge Funds: Hedge Fund to Close Following Neiman Marcus Bankruptcy Hedge fund Marble Ridge Capital plans to divest following questionable actions taken by managing partner Dan Kamensky. These actions were in relation to the Neiman Marcus bankruptcy. According to a statement by Marble Ridge, “After much consideration, and in light of the operating environment, we…
Private Equity: Vista Private Equity Founder Under Investigation
Private Equity: Vista Private Equity Founder Under Investigation Private equity investor Robert Smith is currently under investigation regarding his taxes. Smith gained recognition when he donated to Morehouse College’s graduating class. Federal investigators are trying to figure out whether Robert Smith paid his taxes on assets worth millions of dollars. Smith is currently innocent and…
Liquid Alternatives/ESG: New Challenges for Pension Financing and Retirement Security
The webinar by the Bloomberg Women’s Buyside Network featured John Livanas, Chief Executive Officer, State Super; Geraldine Buckingham, Chair and Head of Asia Pacific, BlackRock; and Ludovic Subran, Chief Economist, Allianz. Bloomberg’s Executive Editor, Tracy Alloway, moderated the webinar.
Venture Capital: Chinese Insurtech Waterdrop Lands $230M in Pre-IPO Funding
Waterdrop Inc raised $ 230 million in funding led by Swiss Re (SWX: SREN) and Chinese Internet giant Tencent Holdings (HKG: 0700). Existing investors including IDG Capital and Wisdom Choice Global Fund also participated.
Digital Assets: Crypto Lender BlockFi Raises $50M in a Series C Round
BlockFi, an online crypto lender that also offers accounts paying compound interest and trading, raised $ 50 million in a Series C round led by Morgan Creek Digital. Other participating investors include Peter Thiel-backed Valar Ventures (the lead investor in BlockFi’s Series A and B), CMT Digital, Castle Island Ventures, Winklevoss Capital, SCB 10X, Avon Ventures, Purple Arch Ventures, Kenetic Capital, HashKey, Michael Antonov, NBA player Matthew Dellavedova, and two university endowments.