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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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The short-seller behind Harry Markopolos: Still under wraps
Markopolos will get a share of the short-selling profits from GE’s decline. Question is: who’s punching the trades?
It’s been a week since fraud-hunter Harry Markopolos unveiled his research report on the alleged accounting shenanigans at General Electric Co. Markopolos made no bones about the fact that he was in league with a hedge fund shorting GE shares in anticipation of a decline in their price.
Wall Street is still puzzled about the identity of that hedge fund.
Center for Data Innovation on AI: China making big moves to catch up with the US
Though the US is currently the world leader in artificial intelligence technology, China is leaving no stone unturned to narrow the gap
A study from the Center for Data Innovation showed the US was far ahead of China and the EU in at least four of six parameters considered by the analysis.
These categories were talent, research, development, adoption, data, and hardware.
The Top 5 AI Start-Ups in Europe
AI is the fastest-growing sector in European venture capital.
Investors poured in €1.3 billion in 2017 to fund AI startups in the region. They followed that up with €1.8 billion in 2018. By August 2019, investments in AI startups have already touched €1.9 billion.
Investors are looking to secure an early-mover advantage in AI, a fascinating and disruptive technology with enormous potential.
Chinese AI Start-Up AInnovation Planning an IPO Within Two Years
ccording to Kai-Fu Lee, a well-known Chinese venture capitalist, and founder of Sinovation Ventures, his AI start-up AInnovation would likely be ready to list within two years
Founded in March 2018, AInnovation focuses on artificial intelligence solutions for customers in the retail, finance and manufacturing sectors. Prominent clients include Foxconn, Nestlé, Carlsberg, Mars, and the Postal Savings Bank of China Co.
Hiro Mizuno: “No place to hide” as markets move in lockstep
Hiro Mizuno, CIO of the Japanese $1.46 trillion Government Pension Investment Fund, is worried that global markets are so synchronized, diversification is nearly impossible
Speaking at a CalPERS board meeting, Mizuno said his fund incurred mark-to-market losses of $150 billion during the fourth quarter of 2018.
Why Goldman Sachs is Buying into Calgary Real Estate
The Petershill program, run by Goldman Sachs Asset Management’s Investments & Manager Selection (AIMS) Group, recently acquired a minority stake in Slate Asset Management L.P., a leading real-estate focused alternative investment platform with over $6.2 billion in assets under management.
Hedge Fund Investors are Rushing for the Exits in 2019
Compared to 2018, investors have already pulled $ 20 billion more out of hedge funds in the first seven months of this year Hedge fund investors are walking away in droves. In all of 2018, investors had withdrawn $ 37.2 billion from hedge funds. However, in the current year investor outflows already aggregate $ 55.9…
GMO: EM Stocks Will Outperform US Equities Through 2026
Want to diversify out of ‘toppy’ US stocks into uncorrelated assets? EM stocks will clobber US equities, according to a top value investing manager
GMO, an investment manager specializing in long-term value investing, is predicting that US large-cap stocks will decline 3.7% annually over the next seven years while emerging market stocks will generate 5.2% annual return over the same period. Within emerging markets, value stocks could garner returns of as high as 9.8% annually.
EM Hedge Funds Post Record AUM and Gains in Q2
Emerging market hedge funds posted solid returns in Q2 despite market turbulence and supported by blockchain, cryptocurrency, and currencies
According to a report by Chicago-based Hedge Fund Research (HFR), assets under management at emerging market hedge funds touched a record $ 239.3 billion by the end of the second quarter of 2019.
This category of hedge funds also reported the best year to date returns in the industry.
Eisler Capital Plucks Henry Howell from Goldman Sachs
A Goldman alum heads to a hedge fund… run by a Goldman alum Eisler Capital, a macro hedge fund based in London, has hired Henry Howell for a new role in business development. Howell, who worked at Goldman Sachs for 16 years, took the role in July. The news generated buzz this morning after reporting…
Eurozone Planning $110 billion Techs ‘Catch-Up’ Fund and Trade Tariffs
Fearing the threat from tech giants in the US and China, the EU plans to bulk up its own “high-potential European companies” through a sovereign wealth fund
According to media reports, which quoted an internal EU document, plans are afoot to set up a “European Future Fund” with a capital of € 100 billion ($ 110 billion) and the mandate to invest in promising European corporations to bring them up to speed on the tech front.
Bitcoin Bull Patrick Byrne Resigns as Overstock CEO
CEO discloses a three-year relationship with Maria Butina, a Russian agent now in prison Patrick Byrne resigned as CEO of Overstock.com on Thursday. In a letter to shareholders, the embattled executive admitted to having a relationship with a woman now serving 18 months in prison. Maria Butina pled guilty of acting as a foreign agent….
Industrious – a WeWork rival – Raises $80 in Latest Round
The coworking rival just raised money… but the bigger threat to WeWork is profitability in 2020 Industrious, a U.S. coworking firm, announced it has raised another $80 million in a recent Series D round. Since inception, the firm has raised $222 million in capital. Even more important, the company claims it will be profitable during the…
M&A Deal News – August 21, 2019
A new Osram suiter, Avaya finds an alternative to Mitel, an Italian-French merger, and Goldman takes China. Let’s look at Wednesday’s M&A Deal News. M&A Deal News – August 21, 2019: M&A deal news from around the globe. Each day, we focus on deals in the private equity, real estate, AI and tech, and others impacting the…
Pre-Owned Clothing Startup ThredUp Raises $ 175 million
ThredUp, which calls itself the “world’s largest fashion resale marketplace,” has now raised a total of $ 306.1 million
The latest funding round was led by Park West Asset Management and Irving Investors. The company also revealed that it had previously received another $ 75 million investment, but had not disclosed it.
Blackstone Hires Ram Jagannath to Head Growth Equity Platform
The new senior managing director has two decades of experience in the healthcare and technology sectors Add another senior name to recent Blackstone hires. The firm has hired Ram Jagannath as a Senior Managing Director for its relatively new Growth Equity investing platform. Jagannath will run healthcare investing at the firm’s growth equity business. Before Blackstone, Jagannath…
ESG investing using artificial intelligence
Data science and enormous computing power such as artificial intelligence are now able to provide new ESG insights to investment managers
Unstructured, voluminous and incompatible data always presented a challenge to investors and asset managers looking to make environmental, social and governance (ESG)-friendly investments. Artificial intelligence (AI) could change all that with its capacity to crunch vast amounts of data and throw Up new insights not available through other, traditional methods.
Blackrock Aims to Cut Fees and Risk in Private Equity Investing
Blackrock is upending the cozy status quo of high fees and high risk in private equity with its $ 870 million investment in Authentic Brands
Blackrock’s Long-Term Private Capital Fund (LTPC) made waves with its inaugural primary private equity deal when it invested $ 870 million for a majority stake in the marketing business of Authentic Brands.
The private equity industry sat up and took notice. But alarm bells are ringing in the industry: Will Blackrock move its cheese?
Intel introduces its latest SpringHill chip designed for AI applications
Developed at Intel’s facility in Haifa, Israel, the new chip Nervana NNP-I, a.k.a. Springhill targets the future situation of “AI everywhere.”
Intel designed its latest processor for large computing centers and AI applications. Based on a 10 nm Ice Lake processor, it can take up high workloads with low consumption of energy.
M&A Deal News – August 16, 2019
Another community bank deal, Softbank loves hotels abroad, and hospitals for sale in the Philippines. M&A Deal News – August 16, 2019: M&A deal news from around the globe. Each day, we focus on deals in the private equity, real estate, AI and tech, and others impacting the alternative investment space. Here’s our recap for…
Ghana crackdown wipes out savings of $1.6 billion. Who said bitcoin was risky?
Thousands of savers have been left financially stranded after the government cracked down on fund managers and savings and loan companies
According to estimates, hapless investors might have lost as much as $1.6 billion in the government’s high-handed ‘clean-up.’
M&A Deal News – August 20, 2019
More community bank mergers, the Chinese buy British pubs in bulk, and artificial intelligence. Let’s look at M&A Deal News. M&A Deal News – August 20, 2019: M&A deal news from around the globe. Each day, we focus on deals in the private equity, real estate, AI and tech, and others impacting the alternative investment…
Investors Snap Up Argo Blockchain Shares After Power Deal
Shares in London-listed cryptocurrency miner Argo Blockchain were bid nearly 18% higher Tuesday after it signed an agreement to boost its power supply
Argo signed a deal with Canadian data center provider GPU.one for an increase in power supply from 14MW to 64MW to data centers in Quebec and Eastern Canada.
Gen Z Homebuyers Up Sharply in Q2, Says TransUnion
Mortgages by Gen Z home buyers in North America more than doubled year-on-year amidst easy credit conditions
Undaunted by rising home prices and tight availability, Gen Z consumers (those born in 1995 or later) are now venturing into mortgage financing of their homes, says TransUnion’s Q2 Industry Insights Report.