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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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State Street on Blockchain: The Trickle of Digital Assets Will Soon Turn Into A Flood
State Street, the huge custody bank which holds assets of over $30 trillion, may soon see a flood of blockchain-based digital assets. According to Jay Biancamano, State Street’s head of digital assets and blockchain in capital markets, historically illiquid assets may soon use the blockchain to become more liquid.
FireEye Is Seeking a Private Equity Buyer, Hires Goldman Sachs as Advisor
FireEye (FEYE) is reportedly seeking a private equity buyer. The news comes after the firm failed to locate a strategic buyer. The company reportedly hired Goldman Sachs to guide them through the process. Multiple reports suggest that discussions are in the early stages of development.
Libra Association to Meet in Switzerland to Discuss Digital Assets: Make or Break?
No one thought setting up a globally acceptable cryptocurrency such as Facebook’s Libra would be easy. But the Libra Association’s upcoming meeting in Switzerland may show which of its members are in for the long haul.
Hedge Fund Solel Partners Launches with $600 Million AUM
Solel Partners began trading this week with $600 million AUM. According to Bloomberg, former Highfields Capital Management partners Craig Peskin and Peter Fleiss are leading the fund.
Sports Gambling Meets Venture Capital
The Sports Gambling Investment Fund has announced the formation of its first fund. The group aims to discover, fund, and mentor startups entering the casino and gaming business.
Schroders Launches A Private Equity Fund On Its GAIA II Liquid Alternatives Platform
Investment manager Schroders has launched a private equity fund on its GAIA II liquid alternatives platform.
The Schroder private equity fund, titled “Schroder GAIA II Specialist Private Equity fund,” will target unlisted companies with an enterprise value of up to $250 million.
Purpose Investments Goes All In on ESG Principles
Purpose Investments is the latest asset manager to integrate environmental, social and governance – ESG principles – into its strategies. The catch – they will adopt ESG into every single one of their funds. The company made the announcement on Wednesday. Its goal is to create a new ESG framework and fuse it with as many of its funds as possible by January 1, 2020.
Cloud And Saas Banking Startup nCino Raises $80M
nCino, the startup known for its cloud-based, SaaS solution for banking operating systems, raised $80 million.
nCino’s cloud-based, banking operating system runs off the Salesforce platform. Existing investor Salesforce Ventures participated in the funding round, which was led by funds and accounts advised by T. Rowe Price Associates, Inc.
Vanguard Launches Actively Managed International Fund
A new Vanguard fund has launched to add to the firm’s list of mutual funds and ETFs launched under CEO Tim Buckley. The company has unveiled the Vanguard International Core Stock Fund (VWICX). It is the fourth actively-managed product to arrive at the company this year. The three other funds launched this year are Vanguard Global ESG Select Stock Fund, Vanguard Commodity Strategy Fund, and Vanguard Global Credit Bond Fund. At this pace, they might run out of managers.
WSJ: Libra May Lose Key Partners over Regulatory Scrutiny
The Facebook Libra cryptocurrency project could lose key partners, according to the Wall Street Journal. However, the report did generate a response from David Marcus and Facebook.
Scared Of Falling Into Student Loan Debt? Try Cleo To Help Yourself Budget
Cleo is the fastest-growing fintech app in history. It’s a money management tool with a sense of humor and “zero-tolerance policy for bullsh*t.”
Barnaby Hussey-Yeo, a data scientist, founded AI-powered Cleo out of London. It was intended to be a fun-filled budgeting tool for “Gen-Zennials” – a friend in the pocket that speaks their lingo to help them save money.
It soon turned into a money-management revolution. Hitting the US market in summer 2018, Cleo now has 2 million consumers.
Real Estate Economic Forecast is Rather “Meh” About Real Estate
The Real Estate Economic Forecast – authored by Urban Land institute – hit the street today.
It’s not as bad as we might have expected.
The survey offers a consensus forecast of 41 economists and analysts at 32 leading real estate organizations.
Blackstone Continues Real Estate Buying Spree
The Blackstone real estate buying spree continues. The private equity firm has continued its rapid deployment of funds into real estate with another purchase.
On Tuesday, the firm announced it would purchase a 65% controlling interest in Great Wolf Resorts.
RRJ Capital: There’s Gold In Those Eastern Roads
RRJ Capital isn’t a household name to most Western investors. But the Asian private equity firm is tapping into an asset class that often goes ignored: Toll roads.
Why McAfee Expects Bitcoin to Touch $1 Million by 2020
John McAfee explains in a Forbes interview why he thinks Bitcoin will climb to $1 million by 2020.
McAfee’s bitcoin prediction, famously made in 2017, is still alive and kicking despite the stomach-wrenching volatility in the value of the cryptocurrency.
John McAfee is a colorful tech personality who founded computer firm McAfee Associates. He is also a 2020 United States presidential campaigner.
Mapletree Commercial Buys Google’s HQ in Singapore
Mapletree Commercial Trust has purchased Google’s Asia Pacific headquarters in Singapore. The acquisition is part of an S$1.55 billion ($1.14 billion) deal for four buildings in Pasir Panjang.
Natwest Will Use AI To Predict Financial Market Patterns
NatWest will collaborate with Microsoft and DreamQuark to harness the power of artificial intelligence (AI) to simulate financial markets.
NatWest, Microsoft, and DreamQuark will develop a new platform called Next Generation Complex Analytics. The platform will use AI to learn from financial markets, transport networks, and other such structures. After that, it will apply this learning to detect opportunities and risks in real markets.
Can Apollo Get a Win with ADT after Canadian Services Sale
ADT announced is selling ADT Security Services Canada to TELUS Corporation. Terms of the deal are CAD 700 million in cash, subject to certain adjustments.
Liquid Alternatives: Schroders’ GAIA Platform Launches Nuveen’s US Equity Strategies
Investors outside the US may now access Nuveen’s US equity long-short and equity market neutral strategies through Schroders.
Schroders and Nuveen have tied-up to offer two new funds on the Schroders UCITS GAIA platform.
The funds, Schroder GAIA Nuveen Equity Market Neutral and Schroder GAIA Nuveen Equity Long-Short funds focus on large-cap US equities. Further, they offer the added advantage of daily liquidity without a performance fee.
AssetMark Financial Holdings Buys OBS Financial
AssetMark Financial Holdings announced an agreement with Canandaigua National Corporation to buy OBS Financial. OBS is a turnkey asset management platform.
Credit Suisse To Include ESG Criteria in Fund Assets Worth CHF 100 Billion By 2020
Credit Suisse Asset Management is set to introduce an ‘environmental, social, and corporate governance (ESG)’ investing framework across its funds The Credit Suisse ESG initiative will initially include 30 funds carrying assets more than CHF 20 billion. These funds will therefore need to reposition by end-October 2019 under the Credit Suisse Sustainable Investing Framework. Ultimately,…
Wave Financial Launches Yield Fund Based On Cryptocurrency Derivatives
Wave Financial is addressing the fast-developing interest in option strategies in the cryptocurrency sector with its Wave Bitcoin (BTC) Income and Growth Digital Fund. The Wave Financial fund will hold reserves of Bitcoin (BTC) in the custody of Fidelity Digital Assets. The fund will generate income by earning a premium from selling call options on the fund’s BTC reserves with strikes 20% or more above the current BTC trading price.
Franklin Templeton and K2 Advisors Launch Liquid Hedge Fund Strategies
The Franklin Templeton Alternatives Funds (FTAF) offers five new liquid hedge fund strategies through K2’s managed account platform.
Wasatch Global Investors Launches Two New Funds
Wasatch Global Investors has launched two new mutual funds. They are the Wasatch International Select Fund and the Wasatch Global Select Fund.