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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: China Mandates New Rules For AI, They Take Effect On August 15
China has introduced new regulations for generative artificial intelligence (AI), making it one of the first countries to do so. The guidelines, released by the Cyberspace Administration of China, aim to manage the rapidly growing industry and will take effect from August 15.
Digital Assets: Monochrome Asset Management And Vasco Trustees Push For Australia’s Maiden Spot Bitcoin ETF
Monochrome Asset Management Pty Ltd and its partner Vasco Trustees Ltd have refiled an application for Australia’s first spot Bitcoin exchange-traded fund (ETF) under the country’s new regulatory framework. The Monochrome Bitcoin ETF (IBTC) will provide retail investors with direct exposure to Bitcoin in a regulated structure.
Digital Assets: A Guernsey-Approved Spot Bitcoin ETF From Jacobi To Debut In Europe This Month
Europe’s first bitcoin exchange-traded fund (ETF) is set to be publicly listed after a one-year delay. Jacobi Asset Management had originally planned to launch the ETF on Euronext Amsterdam in July 2022 but postponed it due to market conditions following the Terra Luna cryptocurrency crash and FTX’s collapse.
FinTech: U.S. Bank Teams With Rollick To Offer A Digital Marketplace For RVs And Boats
U.S. Bank has teamed up with customer engagement technology provider Rollick to revolutionize the process of purchasing recreational vehicles (RVs) and boats. Through their joint effort, they have introduced the U.S. Bank RV and Boat Marketplace, which offers a convenient and efficient buying experience for U.S. Bank customers and dealerships.
Venture Capital: Silo Technologies, An ERP System For Produce, Lands $132M
Silo Technologies, a leading provider of technology solutions for the food supply chain, has announced $132 million in new capital. The $32 million Series C funding round was led by Koch Disruptive Technologies, a subsidiary of Koch Industries known for investing in disruptive technologies. Existing investors Andreessen Horowitz, Haystack Capital, Tribe Capital, Collate Capital, and Moore Capital also participated in the round.
Artificial Intelligence: Tech Titans Launch Fresh Forays Into AI
Elon Musk recently discussed his plans for building a safer AI during a Twitter Spaces event. Instead of programming morality directly into the AI, his new startup company xAI aims to create a highly curious AI, said to be a challenger to ChatGPT.
FinTech: Google Calendar Integrates With Stripe To Enable Paid Appointment Scheduling
Google (NASDAQ: GOOGL) announced in a blog post that it was integrating its Google Calendar with Stripe to enable the scheduling of paid appointments. Users may either connect their existing Stripe account to Google Calendar, or open a new Stripe account through Calendar.
Venture Capital: Bedrock, Which Gathers Seafloor Data For Wind Energy Systems, Raises $25.5M
Bedrock, a seafloor data acquisition and distribution platform, has raised $25.5 million in a Series A funding round. The company aims to revolutionize seafloor exploration and accelerate offshore wind energy development. The funds will be used to bring its unique data offering to the offshore wind market and expand their unmanned autonomous underwater vehicle (AUV) acquisition system.
Artificial Intelligence: KPMG And Microsoft Ink $12B Multi-Year Cloud And AI Alliance
KPMG and Microsoft (NASDAQ: MSFT) have announced a partnership to invest over $2 billion in the development of cloud and generative AI tools over the next five years. This collaboration is significant as rival consulting giants like PwC and Accenture have also made substantial commitments to AI-powered advancements.
Alternative Investments: Simplify Launches ETF Driven By Select Quant Strategies Used By Institutions
Simplify Asset Management has introduced the Simplify Multi-QIS Alternative ETF (NYSEARCA: QIS), an innovative investment product that focuses on multiple quantitative strategies across various asset classes.
Artificial Intelligence: Anthropic Launches Its All New AI Chatbot Dubbed Claude 2
Anthropic, an AI company valued at $4.1 billion, has launched its new AI chatbot called Claude 2 and offered it for public use. Claude 2, hitherto under testing by enterprises including Slack, Notion, and Quora, will now be available to the 350,000 consumers on a waitlist.
FinTech: Paris-based Startup finres Harvests US$4.5M To Enable Better Agricultural Investments
Paris-based fintech startup finres has secured €4.1 million (US$4.5 million) in funding to enhance agricultural investments. The funds will support the launch of their investor platform, R&D activities, and expansion across Africa, the Americas, Asia, and Europe.
Artificial Intelligence: AI Model Helps Decipher The 24th Century BCE Akkadian Script
An interdisciplinary team of researchers consisting of computer scientists and historians has utilized artificial intelligence (AI) to decipher Akkadian, the world’s oldest language. The team, led by a Google (NASDAQ: GOOGL) software engineer and an Assyriologist from Ariel University, developed an AI model using technology similar to Google Translate to interpret the ancient cuneiform script found on clay tablets.
Venture Capital: Investors Including CBA Pour $220M Into Australian Climate Investment Firm Wollemi Capital
Wollemi Capital, a climate specialist investment firm, has successfully raised $220 million in one of Australia’s largest Series A capital rounds of 2023. The Commonwealth Bank of Australia (ASX: CBA) provided an equity investment to support the fundraising.
Digital Assets: Standard Chartered Projects $120K Price For Bitcoin By End-2024
Standard Chartered has forecasted that the value of the leading cryptocurrency, bitcoin, may reach $50,000 within this year and rise to $120,000 by the conclusion of 2024. The bank suggests that the recent surge in bitcoin’s price could incentivize miners to hold onto more of their supply. Another reason for the highly bullish projection is the banking sector crisis.
FinTech: Criminal Groups Exploit System Flaw To Defraud Revolut US Of $20M
A flaw in Revolut’s payment system in the US allowed criminals to steal over $20 million of the company’s funds last year, according to undisclosed sources. The incident, which has not been publicly disclosed, adds to the challenges faced by the fintech firm, including senior departures and a qualified audit.
Venture Capital: Indonesian Smart Aquaculture Startup eFishery Nets $200M
Indonesian startup eFishery has secured $200 million in a Series D funding round, propelling its valuation to over $1 billion and earning it unicorn status. Led by 42XFund, the funding round included participation from investors such as Kumpulan Wang Persaraan, responsAbility, and 500 Global.
Artificial Intelligence: OpenAI Faces Class Action Suit From Sarah Silverman And Authors For Copyright Violation
Comedian Sarah Silverman, and novelists Richard Kadrey and Christopher Golden are suing ChatGPT creator OpenAI and Meta (NASDAQ: META), claiming the two AI entities used copyrighted content without permission for AI training purposes.
Fintech: Clair Scores $175 Million In Funding To Launch The First Free On-Demand Pay Solution
Fintech company Clair has secured $175 million in funding to launch a free, on-demand pay solution backed by an FDIC-insured bank. The program, called Pathward, allows front-line workers to take wage advances and provides access to Clair Spending and Savings Accounts.
Venture Capital: PharmEasy May Become India’s First Unicorn To Raise A Down Round
Indian online pharmacy startup PharmEasy is seeking new funding of about $300 million, but at a significant valuation cut of 90%, according to anonymous sources cited by TechCrunch. If successful, this funding round would result in PharmEasy’s valuation dropping to half of the capital it has raised so far.
Artificial Intelligence: Visitors Queue Up For Astro Readings From A Co-Star Machine In NoLIta
The Co-Star machine, developed by a technology company called Co-Star, is attracting attention at the Iconic Magazines store in NoLIta. Resembling a large washing machine with celestial labels and blinking lights, the device allows users to ask questions and receive answers based on astrological calculations.
Alternative Investments/ESG: UBS Debuts ‘Dividend Aristocrats ESG Elite’ ETF Suite
UBS Asset Management has introduced a new suite of income-focused ETFs designed for investors interested in sustainable dividends and ESG (Environmental, Social, and Governance) criteria. The suite, called ‘Dividend Aristocrats ESG Elite,’ consists of two funds that provide exposure to global developed and US equity markets.
Venture Capital: Japanese Robotics Startup Telexistence Nabs $170M
Telexistence, a robotics company based in Tokyo, has successfully raised USD 170 million in a Series B funding round. The funding came from both existing investors, such as Monoful Venture Partners, KDDI Open Innovation Fund, and Airbus Ventures, as well as new investors including SoftBank Group Corp., Foxconn Co-GP Fund, and Globis Capital Partners.
Fintech: FIS Inks Deal To Sell Worldpay To GTCR At A Valuation Of $18.5 Billion
Financial services technology leader FIS has pushed ahead with its separation plan to create two distinct global companies for increased strategic flexibility and a reduction in debt. The company has entered into a definitive agreement to sell a majority stake in its Worldpay Merchant Solutions business to private equity funds managed by GTCR. The transaction values Worldpay at $18.5 billion, including $1 billion contingent on certain returns achieved by GTCR.