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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: AI Pioneer Geoffrey Hinton Quits Google
Geoffrey Hinton, known as the “Godfather of AI,” has left Google (NASDAQ: GOOGL), where he worked for over a decade, to freely speak out about the risks of artificial intelligence (AI). Hinton, a lifelong academic whose career was driven by his personal convictions about the development and use of AI, is among a growing number of critics who claim that tech companies are racing toward danger with their aggressive campaign to create products based on generative AI.
Digital Assets: FDIC Report Says Signature Bank Collapsed Due To Mismanagement And Banking Turmoil
The Federal Deposit Insurance Corp. (FDIC) has released a report stating that Signature Bank’s collapse was due to mismanagement by its officers and “contagion effects” from the collapse of Silicon Valley Bank and voluntary liquidation of Silvergate Bank.
Venture Capital: As Generative AI Booms, Pinecone Lands $100M Series B
Pinecone Systems Inc. has secured $100 million in funding in a recent investment round led by Andreessen Horowitz, which puts the company’s valuation at $750 million. The New York-based startup provides vector data storage for large language models that form a core component of the infrastructure that supports AI tools.
Artificial Intelligence: Norway’s Oil Fund Calls For Governmental Regulation Of AI
The CEO of Norway’s $1.4 trillion wealth fund, also known as its oil fund, has urged governments to regulate the use of artificial intelligence (AI) and announced plans to set ethical guidelines for the 9,000 companies in which it invests.
Liquid Alternatives: As Rates Rise, Multi-Asset Fund Manager Pendal Recommends Liquid Alternatives
According to Alan Polley, a portfolio manager at Pendal, it is time to consider moving from illiquid alternative investments to liquid alternatives. Polley believes that illiquid assets, which have been benefiting from a falling interest rate environment, are no longer supported by a tailwind, and the rising interest rates are creating headwinds for these assets.
FinTech: Sezzle’s Consumer Financing Solution For “Buy Now, Pay Later” Integrates Into Celerant’s Ecommerce Platform
Celerant Technology has partnered with Sezzle Inc. (ASX: SZL) to integrate the “buy now, pay later” consumer financing solution into its eCommerce platform. Retailers can now offer Sezzle Pay with 0% APR on their eCommerce website to attract more customers and increase online sales.
Artificial Intelligence: Could ChatGPT Provide Therapy To Mental Illness Patients?
ChatGPT, an AI-powered chatbot developed by OpenAI, has become a popular option for those seeking mental health advice. The chatbot, which can mimic human conversation, scrapes its answers from the internet to offer a range of advice to those with anxiety or depression, among other conditions.
Alternative Investments/Real Estate: Columbia Threadneedle Debuts ETF Focused On REITs
Columbia Threadneedle Investments has launched the Columbia Research Enhanced Real Estate ETF (NYSEARCA: CRED), expanding its exchange-traded fund (ETF) offering. The fund tracks a custom, proprietary index that is designed to outperform the FTSE Nareit All Equity REITs Index by selecting securities based on research and modifying market cap weighting to emphasise income and geographic opportunity.
Venture Capital: Ohmium, Maker Of Green Hydrogen Electrolyzers, Lands $250M Series C
Ohmium International, a green hydrogen company that manufactures proton exchange membrane (PEM) electrolyzer systems, has raised $250 million in a series C growth equity financing round led by TPG Rise Climate. Other participants include Hanover Technology Investment Management, Energy Transition Ventures, and Fenice Investment Group.
Digital Assets: Cathie Wood’s ARK Invest Boosts Investment In Coinbase, Lines Up Another Bitcoin ETF With 21Shares
In late March, ARK Invest purchased several shares of Coinbase (NASDAQ: COIN), a US cryptocurrency exchange, totaling $8.6 million. Meanwhile, 21Shares, a major player in the crypto exchange-traded products industry, has partnered with ARK Investment Management to resubmit a proposal for a Bitcoin ETF.
FinTech: Buddy Integrates With Plaid To Enable Budgeting For Gen Z
The Buddy app is a budgeting tool designed for Gen Zers around the world. It has now partnered with Plaid, a provider of open finance services, to allow users to connect their financial accounts securely and track their spending.
Artificial Intelligence: Apple Mulls New Health Service Powered By AI
According to sources, Apple is working on a health coaching service that uses artificial intelligence and tools to monitor the emotional health of its users. The coaching service, codenamed Quartz, is designed to encourage users to improve their exercise, diet, and sleep habits through tailored programs based on data collected from an Apple Watch. The service is expected to be offered for a monthly fee.
Alternative Investments/ESG: Mackenzie Lists Sustainable Investment-Focused ETF
Mackenzie Investments has returned to the NEO Exchange with the launch of the Mackenzie Corporate Knights Global 100 Index ETF, which will trade under the symbol MCKG. The ETF aims to replicate the performance of the Corporate Knights Global 100 Index and contains equity securities of issuers from across the globe.
Artificial Intelligence: Cardiff University Scientists Develop AI-Powered, Early Warning System For Earthquakes And Tsunamis
Scientists at Cardiff University have developed an artificial intelligence (AI) powered early warning system for tsunamis and underwater earthquakes, using technology such as underwater microphones and acoustic-gravity waves to monitor the movement of tectonic plates in real-time.
Venture Capital: Hydrosat Raises $20M For Satellite Monitoring Of The Earth
Hydrosat, a geospatial data analytics company, has raised $20 million in government grants and investments for its climate change campaign. Statkraft Ventures led the funding round, which also included Blue Bear Capital, Hartree Partners, Freeflow Ventures, OTB Ventures, Cultivation Capital, Expon Capital, Techstars, Santa Barbara Venture Partners, and Hemisphere Ventures.
Digital Assets: Coinbase Sues For Regulatory Clarity From The SEC
Coinbase (NASDAQ: COIN) has filed a court action urging the U.S. Securities and Exchange Commission (SEC) to respond to their petition for regulatory guidance on digital assets, which was submitted in July 2022.
Venture Capital: Venture Capitalist Firms Form UN-Backed “Venture Capital Alliance (VCA)”
The Venture Capital Alliance (VCA) has launched with more than 20 VC firms as members, including Tiger Global and Union Square Ventures, with the goal of encouraging the VC industry to increase commitments to climate tech.
Venture Capital: Equipment Provider EquipmentShare Lands $290M Series E
EquipmentShare, a provider of equipment and digital solutions to the construction industry, has successfully completed a $290m funding round. The Series E funding round was led by funds affiliated with BDT Capital Partners. It also included new investors such as Brown Advisors, and existing investors, including RedBird Capital Partners, Tru Arrow Partners and Sound Ventures.
FinTech: Top Investor Schroders Chops Revolut’s Valuation By $15B
The revised valuation of Revolut was disclosed in a filing by Schroders Capital Global Innovation Trust. Schroders Capital Global Innovation Trust has written down the value of its stake in UK fintech firm, Revolut Ltd, by 46% in its 2022 results, reflecting investor caution in the sector. The trust, a faithful Revolut investor has cut…
Alternative Investments/ESG: CIRCA5000 To Launch Five Sustainability-Focused UCITS ETFs
CIRCA5000 has announced its plans to launch a range of ETFs that focus on making a positive impact, becoming the first to offer portfolio coverage of the UN Sustainable Development Goals.
Artificial Intelligence: German Magazine Die Aktuelle, Sacks Editor Over AI-Generated Interview With Michael Schumacher
Die Aktuelle, the German magazine, recently released a cover story asserting it was Michael Schumacher’s first interview since his skiing accident in 2013. However, the quotes were actually generated by AI technology, which upset the Schumacher family and prompted them to threaten legal action against the magazine. In response, the publishers have relieved editor-in-chief Anne Hoffmann of her duties and expressed their regret to the Schumacher family.
Alternative Investments/ESG: Invesco Launches ESG-Focused Global Sector ETFs
Global asset management firm Invesco has introduced a series of global sector exchange-traded funds (ETFs) that aim to enhance their environmental, social, and corporate governance (ESG) profiles, as well as reduce carbon emissions. The four ETFs, named Invesco S&P World Sector ESG UCITS ETFs, will track the performance of the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Sector Indices, created by S&P Dow Jones Indices for sustainable sector investing. The ETFs fall under Article 8 of the EU’s Sustainable Financial Disclosure Regulation, indicating their ESG focus.
Artificial Intelligence: Alphabet Reorganizes Its AI, Merges Google Brain And DeepMind
Alphabet (NASDAQ: GOOGL) is merging two of its research divisions, Google Brain and DeepMind, in an effort to bolster its position in the increasingly competitive field of artificial intelligence (AI). The move will allow both groups to work more closely together and take advantage of Google’s computational resources.
Digital Assets: Zero-Carbon Bitcoin Miner TeraWulf Deploys 50MW Nuclear Power At Nautilus Cryptomine
TeraWulf Inc., a Bitcoin mining company, has announced the full deployment of its 50 MW stake in the Nautilus Cryptomine facility ahead of schedule. The Nautilus facility is the first behind-the-meter Bitcoin mining facility in the United States powered by 100% nuclear power, sourced from the 2.5 GW Susquehanna nuclear generation station in Pennsylvania. TeraWulf successfully deployed its 50 MW stake in phase one of the facility,