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Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes

December 7, 2023

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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More Stories on Investments

Venture Capital: Singapore-Based, Global VC Firm Antler Has Plans For India

June 2, 2020

Global early-stage venture capital firm Antler is dropping anchor in India. The VC firm will flag off its Indian operations from Bengaluru in the second half of 2020.

Digital Assets: BEQUANT Platform To Launch Crypto Prime Brokerage on OKEx Exchange

June 2, 2020

In a bid to expand its institutional client base, BEQUANT, the UK-based digital asset solutions provider recently introduced its prime broking services. The service is intended to provide institutions with easier access to liquidity, custody, lending, and other products in the crypto space. BEQUANT has now announced its tie-up with cryptocurrency marketplace OKEx for the launch of its prime brokerage service.

Artificial Intelligence: South Korea’s SK Telecom Deploys Robotic COVID-Watcher

June 2, 2020

South Korea’s SK Telecom deploys robotic COVID-Watcher. It’s a 5G, self-driving robot that checks visitors’ temperature, dispenses sanitizers, and disinfects the floor.
It also scolds people if they do not maintain social distancing norms. It does not have a name, but the robot uses artificial intelligence (AI) to sense gatherings and to tell them to move on.

M&A Deal News

Private Equity: Coty Sells Majority Stake of Hair Business to KKR

June 1, 2020

Beauty products firm Coty (NASDAQ: COTY) and KKR (NYSE: KKR) have entered into a strategic transaction for Coty’s Professional and Retail Hair business. The transaction includes the Wella, Clairol, OPI and Good Hair Day brands. The deal values the businesses at $4.3 billion on a cash- and debt-free basis. KKR will own 60% of this…

Liquid Alternatives: AuM of Actively Managed ETFs Shows 36% Add Y-on-Y

June 1, 2020

Investors are increasingly interested in targeted strategies inside an ETF product. More than half of ETF launches thus far in 2020 have been actively managed ETFs, observed Yones on CNBC’s ETF Edge. This year, therefore, might well turn out to be a breakout year for actively managed funds, according to Yones.

Digital Assets: China Merchants Aims To Be the First Blockchain-Powered Port in the World

June 1, 2020

China Merchant’s Port (HKG: 0144), the country’s largest port operator, is collaborating with Alibaba Group (NYSE: BABA), and its subsidiary, Ant Financial to develop a distributed ledger technology (DLT), or blockchain platform.

Venture Capital: Startups Higi and Tock Raise Most of Chicago’s VC Haul of $68M in May

June 1, 2020

According to data from Chicago Inno, tech, and start-up companies in Chicago raised approximately $ 68 million of venture capital during the month of May. At the top of the heap were Higi, which nabbed $ 30 million, followed by Tock, which gained $ 10 million.

Artificial Intelligence: Microsoft Sends Contracted Journos Packing; Deploys AI Software Instead

June 1, 2020

Microsoft (NASDAQ: MSFT) last week told approximately 50 journalists that their contracts, which will expire June 30, will not be renewed. According to The Seattle Times, human news production contractors will be replaced by artificial intelligence.

FinTech: Brex, Which Raised $150M Last Month, Lays Off 14% Of Workers

June 1, 2020

In a blog post on Friday, Brex co-founders Henrique Dubugras and Pedro Franceschi announced the company was laying-off 62 workers. They attributed the decision to a re-orientation of the company’s products required due to the impact of COVID-19 on its customers.

DailyAlts Playbook: America on Fire, Goldman Shorts the Dollar, a $41 Trillion Hole, and the Death of Pensions.

June 1, 2020

Friday morning, I was out for dental surgery and now I have another surgery in two weeks. Three days ago, I would have told you that the biggest threat to the market rally was the renewed tensions between the United States and China.

Artificial Intelligence: Global Agency to Use AI to Nab Doping Athletes

May 29, 2020

The World Anti-Doping Agency (WADA) has initiated four projects across Canada and Germany to identify doping athletes through the use of artificial intelligence. The agency understands the ethical questions surrounding the use of AI, and will, therefore, use it only as a flag to identify the need for testing.

FinTech: PruPay and PayPal Working on Text-based, Contactless Payments

May 29, 2020

PruPay is a specialty fintech company that provides easy payment solutions for merchants and consumers. The U.S.-based company announced Thursday its collaboration with PayPal (NASDAQ: PYPL) for the launch of touchless payments via text messaging. The facility of paying without having to touch another surface, device, or currency is especially useful amidst fears of rampant infection from the coronavirus.

Digital Assets: Goldman Pans Bitcoin; Crypto Community Up in Arms

May 29, 2020

Crypto fans have not taken kindly to a Goldman Sachs presentation that fired potshots at bitcoin.
The offending presentation from Goldman Sachs (NYSE: GS) has sparked a raging controversy for its remarks against bitcoin. Luminaries from the crypto world took to Twitter and the media to lambast “the vampire squid” for its observations.

Venture Capital: Optimus Ride Driverless Cars in the U.S., and Cute Starship Robots in the U.K. Combat COVID

May 29, 2020

Driverless vehicles and delivery robots are serving a crucial need for consumables during lockdowns and shelter-in-place restrictions. More importantly, because they are autonomous there’s no risk of a driver spreading infection. However, the machines do need disinfection.

Liquid Alternatives: Blackstone Liquid Alternative Fund Drops H2O As Sub-Adviser

May 29, 2020

Blackstone Liquid Alternative Fund Drops H2O As Sub-Adviser. The $6.1 billion Blackstone Alternative Multi-Strategy Fund had not allocated any funds to H2O over the past two years.
According to a Bloomberg report, which quoted a person familiar with the situation, the decision to dump H2O was not related to performance. H2O is a majority-owned unit of French company Natixis SA and is run by Bruno Crastes and Vincent Chailley.

Liquid Alternatives: CI Investments Launches Income-Oriented Liquid Alt

May 29, 2020

CI Investments has launched the CI Marret Alternative Enhanced Yield Fund, available both as a mutual fund and as an ETF. The funds intend to generate an attractive yield while protecting the principal.

Artificial Intelligence: Apple Acquires Inductiv Inc., a Machine Learning Startup

May 28, 2020

According to a report from Bloomberg, Apple (NASDAQ: AAPL) has acquired machine learning startup Inductiv, Inc., to improve its Siri database. Inductiv identifies and corrects errors in data using a process automated by artificial intelligence.

FinTech: Stripe Adds Five More Countries to Its European Market

May 28, 2020

Stripe, the San-Francisco headquartered online payment platform provider, announced its official launch in the European countries of Czech Republic, Romania, Bulgaria, Cyprus, and Malta. The COVID-19 crisis has placed a focus on digital payments and there is a sharp spurt in the growth of Europe’s online economy. Businesses in the new countries will benefit from the $35 billion fintech’s technology-rich platform.

Digital Assets: COVID-19 Lockdowns Boosted Crypto Demand at Revolut

May 28, 2020

Revolut, the digital challenger bank that allows crypto trading, revealed data on cryptocurrency trading on its app during the COVID lockdown. Over 3 million customers in the UK use Revolut’s cryptocurrency trading service. Analysis of the data from the neo bank shows up interesting insights on cryptocurrency adoption and the effect of virus lockdowns on…

Venture Capital: ‘Home-Sharing-By-The-Hour’ Startup Globe Runs Afoul of SF Authorities

May 28, 2020

Emmanuel Bamfo and Erix Xu are founders of Globe, a startup that puts users looking for a day break in the city in touch with owners of empty homes. The USP of Globe is that users can book a break by the hour. However, San Francisco city authorities have taken a dim view of Globe’s activities.

Liquid Alternatives

Alternative Investments: Ares Management Agrees to SEC Settlement

May 27, 2020

Ares Management (NYSE: ARES) agreed to settle a complaint from the Securities and Exchange Commission (SEC). Ares is paying a $1 million settlement to the SEC. This will resolve a complaint that Ares failed to implement and enforce policies and procedures reasonably designed to prevent the misuse of material nonpublic information.

FinTech: Legacy Banks to Compress 5 Years of Digitization Into 12 Months – Wealthfront

May 27, 2020

Dan Carroll, founder and Chief Strategy Officer of legacy fintech Wealthfront is candid that the traditional banking industry stood exposed when the COVID-19 outbreak hit.
Banks had to shut down branches and call centers. But they faced the monumental question of how to service their customers. Their digitization efforts, clunky and low-priority, were suddenly put on full-speed-ahead. However, it’ll be a while before they achieve meaningful traction.

Liquid Alternatives: How Investors Should Handle Complex Liquid Alt ETFs

May 27, 2020

Here are the key takeaways from etf.com’s interview with Sal Bruno, chief investment officer of IndexIQ.

Digital Assets: Bitcoin Suisse offers 24/7 Trading in Precious Metals Alongside Cryptos

May 27, 2020

Swiss cryptocurrency financial services company Bitcoin Suisse has made yet another move towards expanding the range of products that can be traded on its platform. On April 29 it announced trading with fiat currencies. On Tuesday it followed up with the announcement that it now permitted precious metals trading against the top cryptocurrencies.