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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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A.I. Algorithms Predict the Likelihood of Breast Cancer
Dr. Barzilay decided to use artificial intelligence to collect and analyze the available information on breast cancer.
Harnessing artificial intelligence to treat breast cancer
Dr Barzilay is a holder of a doctorate in computer science. She went on to create a database from the pathological reports stretching back three decades at the Mass General Hospital. She developed an algorithm to parse this data, which covered more than 100,000 breast cancer patients.
Broker Charles Schwab to Launch “Fractional Stock” Ownership
Everyday investors are often handicapped by the minimum tradable value of a single unit of an ETF or a stock. Consider this scenario: an investor is looking to invest $100 in the market. But he’s out of luck if any of these are on the shopping list: SPDR S&P 500 (SPY) (now trading at $300 per share), Tesla (TSLA) ($294), Apple ($243), and Amazon (AMZN) (S1,779). However, Schwab’s fractional shares offer can do the trick. The investor can now buy a fraction of any of these stocks/ETF for $100.
Price Cuts the Flavour of the Season: Vanguard Europe Slashes Fees on ETFs and Index Funds
Vanguard adds fuel to the fee cut fire in financial services by slashing fees across its ETFs and index-tracking funds. The passive investing giant cut its fees down to an average of 0.2% across its index and ETFs product offerings.
Private Equity Giant Blackstone Reports Third Quarter Earnings
Private Equity Giant Sees Big Jump in Fee-Related Earnings Private equity company Blackstone Group reported earnings for the third quarter of 2019. GAAP net income was $1.2 billion for the quarter and $2.9 billion year-to-date. Revenues were down with $1,735,113 versus $1,926,580 in the comparable quarter last year. Distributable earnings per share came in at…
Liquid Alternatives: Picton Mahoney Acquires Five Funds from Vertex One
Picton Mahoney Asset Management will acquire a clutch of alternative investment funds from Vancouver-based Vertex One Asset Management Inc.
Picton Mahoney will henceforth function as the investment and portfolio manager of the following funds, with strategies given alongside.
Revolut and Mastercard To Partner On US Debit Cards
Revolut, the digital challenger bank, and fintech unicorn have tied up with Mastercard for US debit cards.
Mastercard will handle Revolut’s debit cards when they launch in the US sometime within this year. Also included in today’s deal is Europe – the two businesses will partner on a minimum of 50 percent of all of Revolut’s existing and future cards in Europe.
Globally, ESG Derivatives Are Taking Off
ESG (environmental, social, and governance) based derivatives are ramping up volumes globally, raising expectations for innovative new products.
Thailand’s Biggest Mutual Fund Embraces Artificial Intelligence to Avoid Being Disrupted
SCB Asset Management Company, the largest mutual fund company in Thailand, wants to offer new funds using AI technology.
SCB Asset will utilize cutting-edge tools such as artificial intelligence, data analytics and programmed trading to identify and offer new equity funds. These funds will invest in overseas equities and generate higher fees.
Liquefy to Digitize the Landmark Mayfair Luxury Hotel
Hong Kong-based Liquefy will be the provider for a consortium of Gulf families on a real estate digital securities project. The program has $1 billion worth of real estate assets in the pipeline. The first “digitalized” asset will be a luxury hotel in the Mayfair district of London worth $600 million.
Dominion Energy Transfers Stake in Cove Point to Brookfield Asset Management
Dominion Energy has entered an agreement with Brookfield Super-Core Infrastructure Partners. The latter is an infrastructure fund managed by Brookfield Asset Management (BAM).
Fidelity Ramps Up Crypto Trading and Custody Business
Boston-based financial group Fidelity thinks there is a profitable business to be made out crypto custody services and trading. It may be a smart move because there is a crying shortage of large, reputed players in the ‘Wild West’ world of crypto assets.
Fidelity is building upon its initial launch last autumn of “enterprise-quality” custodianship and trade execution services.
AllFunds Reaches New Partnership With BNP Paribas
AllFunds has announced a partnership with BNP Paribas. According to terms, BNP is taking a 2.5% stake in the world’s largest fund distribution network.
Cars with Blockchain-Based IDs Will Become Wallets (Maybe Even Cryptos)
With a blockchain ID, your electric car could soon become a mobile wallet and pay for tolls, parking, and charging – no cash or cards needed.
BMW, General Motors, Honda, Ford, and Renault have partnered with the Mobility Open Blockchain Initiative (MOBI) to assign blockchain IDs to their cars. The unique ID of each car and its associated ownership data will allow for the car to automatically make payments. These car-related payments could be for charging, parking, highway tolls, and even rest stop snacks.
Bank of America Joins the Zero-Commission Wars
Bank of America has joined the chorus of brokerages to slash commissions to zero through its Merrill Edge Self-Directed platform. The company said Monday that it will expand its zero-dollar to Preferred Rewards customers. It will also reduce commissions for all other customers.
Deutsche Bank Adds ESG ETF through DWS
Deutsche Bank has bolstered its “responsible” investment offerings through its asset management arm, DWS. The money manager will provide exposure to emerging markets with an ETF tied to environmental, social and governance (ESG) factors.
The Oldest Tea Company in the World is Going Hi-Tech with AI and Drones
Assam Company India Limited (ACIL) is using technology to improve traceability, productivity, and crop spraying safety at its tea gardens.
Imagine this. You enjoy a cup of the legendary Assam tea and want to tip the tea garden worker who plucked it. Now you can – through an app to be launched by the Assam Company.
Libra May Change to Many Country-Specific Stablecoins
The Libra stablecoin, which is to be backed by a basket of fiat currencies, may change its model. David Marcus, Libra’s head, revealed this at a banking seminar.
“We could do it differently,” he said. “Instead of having a synthetic unit … we could have a series of stablecoins, a dollar stablecoin, a euro stablecoin, a sterling pound stable coin, etc.”
Tim Melvin: The Case for Private Equity Replication
Private equity replication represents a unique opportunity for investors to avoid the high costs of PE investment. Forbes Magazine recently ran a story about the high barriers to entry for private equity investors.
Howard Marks: The Negative Interest Rates Memo
Howard Marks has released his latest memo. In the lengthy memo marked “Re: Mysterious,” he talks about the impact of negative interest rates. More importantly, he talks about how little anyone knows about a world where the U.S. has negative interest rates.
AT&T and Activist Elliott Management Said to Be in Talks
According to the sources, AT&T and Elliott Management have held discussions, and there is an ongoing dialogue. The two parties may likely agree as early as this month, the Wall Street Journal said. However, there is still a risk that talks could break down.
Artificial Intelligence Will Monitor Cities’ Aging Infrastructure
Artificial intelligence-based analysis of the imagery from aging bridges and tunnels will detect and alert the authorities before their collapse.
Medtronic Launches the First Ever Artificial Intelligence-Based System for Colonoscopy
Medtronic’s GI Genius Intelligent Endoscopy Module uses artificial intelligence to detect colorectal polyps. Medtronic has taken a major step forward in the fight against colorectal cancer through intelligent endoscopy. Colorectal cancer is the third most common cancer worldwide, with 1.8 million new cases reported annually. Therefore, Medtronic’s GI Genius module uses artificial intelligence to highlight…
Nearly 770,000 Indexes Scrapped In 2019, Most from Equities
A survey of the global index universe by the Index Industry Association (IIA) shows the count of indexes declined by 20% in 2019 from 2018.
The total number of indexes had grown from 3.29 million in 2017 to 3.73 million in 2018 but has declined sharply to 2.96 million in 2019.
Columbia Property Trust Will Buy Normandy Real Estate Management
Columbia Property Trust announced a deal to buy acquire Normandy Real Estate Management. The target company manages office- and mixed-use assets in New York, Boston, and Washington, D.C. The deal will see Columbia acquire Normandy’s operating platform. It will also purchase Normandy’s general partner interests in three active management funds.