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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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Challenger Bank Revolut’s Losses Double As Costs Surge
Revolut, the challenger bank and famed European unicorn, lost £32.8 million ($40.3 million) in 2018. The UK-based fintech reported a 247% jump in its cost of sales attributable to user acquisition costs, card scheme charges, and aggressive global expansion. However, revenue surged 354%.
Leeds Equity Partners Buys VitalSmarts from TwentyEighty
Leeds Equity Partners has acquired VitalSmarts from TwentyEighty. Vital Smarts is a provider of communication, execution, and, leadership development training.
Artificial Intelligence: Novartis And Microsoft Team Up to Transform Global Medicine
Novartis announced its plan for founding the Novartis AI innovation lab in collaboration with Microsoft as the AI and data-science partner. The Novartis-Microsoft alliance will “reimagine medicine” and boost Novartis’ AI capabilities. The new lab will discover and develop transformative medicine for patients globally.
Credit Suisse Asset Management Makes ESG Announcement
Credit Suisse Asset Management announced plans to adopt ESG factors into all of its investment decisions. The firm said that any fund with more than CHF 20 billion in assets will implement ESG criteria into its framework.
RBC Global Asset Management has launched the RBC BlueBay Global Bond Fund
RBC Global Asset Management has launched the RBC BlueBay Global Bond Fund. The company calls it “a globally diversified fixed-income fund designed as a core portfolio holding for U.S. investors.”
Vermont’s Green Mountain Power Divests from Fossil Fuels
Green Mountain Power announced that its pension fund will completely divest from fossil fuel companies. Last week, the company’s leadership finalized the reallocation of roughly $13.5 million of its $180 million fund.
Revolut Taps Visa to Expand Its Global Market Reach
European fintech giant Revolut has announced a deal with Visa to expand its global reach. In a statement, the firm said it will leverage Visa’s brand, scale, and global acceptance footprint to bring its product offerings to five new regions.
Colony Capital Sells NorthStar Reality Europe
Colony Capital had a busy week. Not long after the firm announced the sale of Colony Industrial to Blackstone Group, the firm followed up on another deal.
The New Crypto Rating Council Will Assess Digital Assets
The Crypto Rating Council, launched by big crypto exchanges, will assess digital assets to ascertain if they qualify as securities.
Brookfield Asset Management Buys 61.2% of Oaktree Capital Management
Brookfield Asset Management has acquired 61.2% of Oaktree Capital Group. According to terms of the deal, Brookfield acquired all of the outstanding Oaktree class A units. It also acquired approximately 20% of the units of Oaktree Capital Group owned by the founders, senior management, and current and former Oaktree employees.
Blackstone Group Buys Colony Industrial for $5.9 Billion
Colony Industrial, the massive warehouse division of Colony Capital, now has a new owner. According to reports, Blackstone Group has purchased the warehouse group for $5.9 billion.
Dennis White Takes Over Massive Chicago Pension Fund (and More People on the Move)
The Chicago Municipal Employees’ Annuity & Benefit Fund has appointed Dennis White as the new executive director of the $3.8 billion fund. White will replace Jim Mohler, who recently left the fund to take over the $1.3 billion Chicago Metropolitan Water Reclamation District Retirement Fund.
Fundbox Raises Another $176 million in Funding
Fundbox, a small-business lending fintech company, raised another $176 million in funding. New investors Allianz SE and General Catalyst.
AC Milan Back on the Block: Elliott Management
AC Milan, the Italian football giant, is back on the sales block. According to multiple reports, hedge fund Elliott Management may sell the club to French billionaire Bernard Arnault by the end of the year.
Ant Financial to Develop Blockchain Based Agro-Monitoring Product With Bayer
Ant Financial and Bayer Crop have signed an LOI to develop a blockchain-powered platform to monitor agricultural production jointly.
The new system will boost efficiencies in agricultural production. It will also ensure that consumers receive high quality and safe food, at the same time enhancing farmers’ income.
Interactive Investor Releases Ethical Buy List
The Ethical Buy List has arrived amongst a flurry of new ESG products sweeping the market.
Invesco Report: Sovereign Funds Adopting ESG Standards Quickly
Sovereign investors are ramping up their environmental, social and governance (ESG) investments. A new study by Invesco shows that two-thirds of sovereign funds are considering these socially conscious investments.
Artificial Intelligence May Provide Advance Warning of a Heart Attack
Artificial intelligence to detect heart attacks may soon be a reality, according to research at the University of Oxford.
More Americans Know at Least One Cryptocurrency
A new YouGov survey suggests that more Americans than ever are learning about cryptocurrencies. The survey shows that 81% of Americans have heard of at least one cryptocurrency.
U.N.’s Interim Report on Harnessing Digitalization in Financing of Sustainable Development Goals
On November 29, 2018, the Secretary-General constituted a 17-member task force on Digital Financing of Sustainable Development Goals.
CI Liquid Alternatives Get Warm Reception from Investors and Advisors
In the space of a mere ten months, assets at CI Investments’ liquid alternative funds have exceeded $1 billion. Strategies that were earlier the domain of sophisticated hedge funds are now available to the everyday investor via a special kind of mutual fund. CI Liquid Alternative funds combine ‘alternative’ strategies with the on-tap liquidity of…
Green’s Push Canadian Robot Tax to Combat AI
A Canadian robot tax could be the first of its kind. The Green Party of Canada has pitched a robot tax to address the growing threat of technologies like artificial intelligence.
D. E. Shaw Targets Emerson Electric
Emerson Electric, the industrial conglomerate and Fortune 500 company, is in the cross-hairs of hedge fund D.E. Shaw.
Investors in Ripple’s XRP Rely on SEC Guidance To Claim It Was An ‘Unregistered Security’
The SEC’s Framework for “Investment Contract” Analysis of Digital Assets has given a group of plaintiffs more power to their elbow in a May 2018 lawsuit.
The investors have amended their complaint based on the Framework. The amended complaint reinforces their contention that they were illegally sold XRP, a digital cryptocurrency, as an unregistered security.