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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: Abu Dhabi Firm Presight AI Makes Stunning Listing Debut
Abu Dhabi-based data analytics firm, Presight AI Holding Plc, surged as much as 176% on its stock market debut on the Abu Dhabi Securities Exchange after raising $496m in its IPO for almost a third of the business. The company is majority-owned by G42, controlled by Sheikh Tahnoon bin Zayed al-Nahyan, the UAE’s national security adviser.
FinTech: Shoppers On ChatGPT Can Link Up To Klarna Products
Klarna, the global retail bank, payments, and shopping service, has announced a collaboration with OpenAI to provide a highly personalized and intuitive shopping experience through ChatGPT. Klarna’s engineering teams have collaborated with OpenAI to build an integrated plugin for ChatGPT, enabling curated product recommendations for users who ask the platform for shopping advice and inspiration, along with links to shop those products via Klarna’s own search and compare tool.
Venture Capital: Character.AI, The Firm That Creates A Personalized AI Companion For You, Nabs $150M
Character.AI, a Silicon Valley chatbot startup, has raised $150 million in a new funding round led by Andreessen Horowitz, valuing the company at $1 billion.
Artificial Intelligence: The Rowan, A Condominium Building In Queens, Opens AI Parking
A new self-parking garage in the Ditmars section of Astoria, Queens has opened and is operated by artificial intelligence (AI). The garage is located at The Rowan, a newly developed mixed-use condominium building and can accommodate 96 car spaces.
FinTech: Feared Hindenburg Research Targets Block, Stock Plunges 17%
Hindenburg Research, a financial research firm, has accused Block (NYSE: SQ) (formerly known as Square) of facilitating fraud for criminals and inflating user metrics by failing to enact mandatory know-your-customer (KYC) procedures.
Digital Assets: Terraform Co-Founder Do Kwon, On The Lam For Months, Allegedly Arrested In Montenegro
A person believed to be Do Kwon, the CEO of Terraform Labs, a cryptocurrency operator that went bankrupt, has been apprehended by authorities in Montenegro. The country’s Interior Minister, Filip Adzic, disclosed the news via a tweet on Thursday.
FinTech: South-Asian Lender Kredivo Closes $270M Oversubscribed Round
Kredivo, a company that provides buy now, pay later and credit services to individuals with limited access to banking in Indonesia and Vietnam, has successfully raised $270 million in a Series D funding round.
Artificial Intelligence: Mozilla Launches Startup To Promote Trustable AI
Mozilla, the non-profit organization behind the popular Firefox web browser, is investing $30 million to create a startup and community called Mozilla.ai, focused on building a trustworthy, independent, and open-source AI ecosystem.
Alternative Investments/ESG: Sprott Asset Management Debuts ETF Focused On Nickel Miners
Sprott Asset Management has launched the Sprott Nickel Miners ETF (NASDAQ: NIKL), the only US-listed ETF focused on nickel mining companies providing a mineral critical for the clean energy transition.
FinTech: Rain Closes $116M For Its Earned Wage Access Product
Rain, a provider of financial wellness products that empower and engage employees, has raised $116 million in funding, including $66 million in equity and $50 million in debt, making it the largest HR tech funding round in history, based on Crunchbase data.
Digital Assets: Bitwise Launches A Bitcoin Futures ETF That Takes A Leaf Out Of Rollovers In The Energy Market
Bitwise Asset Management has launched the Bitwise Bitcoin Strategy Optimum Roll ETF (BITC), which will provide investors with professionally managed exposure to Bitcoin through an “optimum roll” strategy.
Venture Capital: Artera Announces $90M Funding For Its AI-Driven Prostate Test
Artera, a developer of AI-based predictive and prognostic cancer tests, has launched publicly with $90 million in funding from a group of tech and healthcare investors. The investment will support the distribution of Artera’s flagship test, the ArteraAI Prostate Test, which is the first test to predict therapy benefit in localized prostate cancer.
Artificial Intelligence: Gates Calls AI (Such As GPT) A Revolution on Par With The PC And Internet
Microsoft (NASDAQ: MSFT) co-founder Bill Gates has described OpenAI’s GPT AI model as the most significant technological development since the introduction of the modern graphical user interface in 1980.
Venture Capital: JMI Closes Oversubscribed Fund XI At $2.4B
JMI Equity has closed JMI Equity Fund XI and JMI XI Executive Fund with total commitments of $2.4 billion. The oversubscribed fund received strong support from new and existing investors, bringing JMI’s total capital commitments to more than $8bn since its founding in 1992.
Alternative Investments/ESG: Fidelity Debuts Climate-Focused, Global Bond ETF In Europe
Fidelity International has launched a new fixed income ETF in Europe, targeting climate-conscious investors. The Fidelity Global Government Bond Climate Aware UCITS ETF is designed to provide exposure to a portfolio of local currency government bonds issued across the world while delivering an immediate reduction in the carbon emissions profile compared to similar market cap-weighted benchmarks.
FinTech: Users Can Now Receive Western Union Remittances Into Vietnam’s Highly Popular MoMo App
Western Union and MoMo have announced a collaboration enabling MoMo’s 31 million customers to receive Western Union money transfers through the MoMo app. This is the first time Western Union’s services have become available on a leading super app in Vietnam.
Artificial Intelligence: Accenture Snaps Up India-Headquartered Industrial AI Firm Flutura
Accenture (NYSE: ACN), a global professional services company, has announced its acquisition of Flutura, an industrial artificial intelligence (AI) company based in Bangalore, India. Flutura specializes in industrial data science services for manufacturers and other capital-intensive organizations.
Artificial Intelligence: Nuance And Microsoft Launch Clinical Document Application Powered By GPT-4
Nuance Communications, a Microsoft (NASDAQ: MSFT) Company, has announced the launch of Dragon Ambient eXperience (DAX) Express, a clinical documentation application that is the first to combine conversational and ambient artificial intelligence (AI) with OpenAI’s newest model, GPT-4. The solution is aimed at reducing administrative burden and empowering clinicians to spend more time with patients and less time on paperwork. DAX Express can create draft clinical notes for immediate clinical review and completion after each patient visit or
FinTech: Aeropostale Launches Brand Presence On the Metaverse
Fashion brand Aéropostale has partnered with MetaversePlus and Authentic Brands Group to create an immersive experience for its fans in the metaverse. The partnership will use non-fungible tokens (NFTs) and virtual experiences to build community and offer members-only perks and promotions.
Artificial Intelligence: Acer Launches ebii, An AI-Driven Smartbike For City Commutes
Acer (TPE: 2353) has recently launched a new e-bike called the ebii, which features an innovative modular design and an intelligent vehicle control box powered by AI. The control box integrates the battery pack and control box into one unit, allowing for easy maintenance and upgrades, all while being eco-friendly with a smaller carbon footprint.
Venture Capital: Saudi Arabia’s Venture Arm To Invest $80M In Fintech VC Firms
Saudi Venture Capital Company (SVC) has partnered with the Capital Market Authority (CMA) and the Financial Sector Development Program to launch a new investment program called “Investment in Fintech VC Funds”. The program aims to stimulate the establishment of venture capital funds in the financial technology (FinTech) sector. Around SR300 million ($80 million) has been earmarked from SVC’s investment portfolio for this new initiative, which was launched at the Financial Sector Conference 2023 in Riyadh.
Artificial Intelligence: Microsoft To Weave AI Into Its Office Software
Microsoft (NASDAQ: MSFT) is enhancing its suite of productivity tools with artificial intelligence (AI) software, demonstrating an AI “co-pilot” for its Office software. The globally popular Office suite includes Word documents, Excel spreadsheets and PowerPoint presentations.
FinTech: PhonePe, India’s Highly Popular Payment Network, Raises $200M From Majority Owner Walmart
PhonePe, a fintech platform, has raised an additional $200 million in primary capital from Walmart (NYSE: WMT) at a pre-money valuation of $12 billion. The company is in the process of raising $1 billion following its move to domicile in India, and has raised $650 million from several global investors so far.
FinTech: E-Commerce Focused, Corporate Credit Card Issuer Parker Raises $157M
Parker, a charge card built specifically for e-commerce, has raised $157 million in total funding to support the growth of online brands. The card offers differentiated features such as limits based on business performance, rolling terms, emphasis on credit duration over rewards, and software tools to help business operators invest in their best projects.