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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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Alternative Investments/ESG: Timothy Plan Unveils Biblical High Dividend ETF
Timothy Plan, an investment company based in Florida, has launched a new ETF that is suitable for investors who abide by biblical principles. The Timothy Plan Market Neutral ETF (NYSEARCA: TPMN) is a market-neutral strategy that aims to provide high dividends. It invests in dividend-paying stocks of companies across various market capitalizations in developed markets.
Artificial Intelligence: AI Flies A Fighter Jet For Over 17 Hours
Lockheed Martin’s (NYSE: LMT) VISTA X-62A, a unique training aircraft, was flown by an AI agent for over 17 hours in December, marking the first time AI was used on a tactical aircraft.
Digital Assets: Hong Kong The New Mecca For Crypto Providers?
Interactive Brokers and DBS to unveil crypto trading in Hong Kong. Meanwhile, Bakkt is sunsetting its consumer app.
FinTech: Across The Pond, Tie-ups In Fintech On Cashbacks And Insurance
France: BNP partners with Lemonade on renters’ insurance; Belgium: ING ties with Amazon on cashbacks.
Venture Capital/FinTech: Indian Payments Giant PhonePe Lands $100M
PhonePe, one of India’s largest fintech platforms, has raised an additional $100 million in funding from investors Ribbit Capital, Tiger Global, and TVS Capital Funds (TCF), bringing the total amount raised in six weeks to $450 million.
Alternative Investments: First Trust Unveils ETF Focused On Alternative Assets
First Trust has launched an actively managed ETF called the First Trust Multi-Strategy Alternative ETF (NYSEARCA: LALT). The fund aims to provide long-term total return by investing in alternative asset categories and strategies using exchange-traded products, such as ETFs, ETNs, and trusts backed by physical commodities or currencies.
Venture Capital: TransitTech Startup Via Nabs $110M Funding
Via, a TransitTech leader, has closed a $110 million financing round led by 83North and other investors, valuing the company at $3.5 billion. The company previously raised a $130 million Series G in November 2021 at a $3.3 billion valuation, according to Bloomberg. Cumulatively, it has raised about $900 million.
FinTech: NatWest Group Acquires Cushon, A UK Savings FinTech
NatWest Group (LON: NWG) plans to acquire a majority shareholding of 85% in Cushon, a workplace savings and pensions fintech, for £144 million (US$175 million), with the remaining 15% retained by Cushon management.
Digital Assets: SEC Takes Aim At The BUSD Stablecoin, Sparks Redemptions
The US Securities and Exchange Commission (SEC) has issued a Wells notice to Paxos Trust Company, stating its intention to sue the firm for allegedly issuing unregistered securities in the form of the Binance USD (BUSD) stablecoin. Paxos issues several popular stablecoins and is regulated by the New York State Department of Financial Services.
Artificial Intelligence: Palantir Reports Profitable Quarter, Forecasts Its First Year In The Black
Data analytics software maker, Palantir Technologies (NYSE: PLTR), has forecast its first profitable year and announced cost-cutting measures, including slowed hiring and reduced investments in cloud computing, due to lower spending from cautious businesses.
Alternative Investments/AI: Tidal Files For ETF (CHAT) To Capture The Conversational AI Theme
A new exchange-traded fund (ETF) called the Conversational AI, AI and Innovation ETF has been filed with the Securities and Exchange Commission, seeking to invest in global stocks connected with artificial intelligence, specifically in “conversational” AI and innovation. Appropriately, the new ETF would trade under the ticker CHAT.
Venture Capital: Two New Venture Funds Focus On Africa And Climate Investing
Partech closed on €245 million (~$263 million), while Planet A raised €160M (~$171 million).
FinTech: Fintech Collaborations In The News
Mastercard (NYSE: MA) and Xsolla have announced a partnership to improve the digital payment experiences for gamers. The collaboration aims to provide secure, frictionless and rewarding payments for gamers, from in-game currency gifting to improved creator payout processes.
Digital Assets: Financial Doom And Gloom Warnings From Kiyosaki, Schiff
Robert Kiyosaki and Peter Schiff have both issued dire warnings about the precarious status of the financial markets. While Kiyosaki is the acclaimed author of “Rich Dad Poor Dad”, Schiff is an economist and inveterate gold bug.
Alternative Investments/ESG: Sprott Unveils ETFs For Clean Energy Metals
The four new ETFs focus on providing investors pure-play exposure to critical minerals essential to the generation, transmission, and storage of cleaner energy.
Artificial Intelligence: China Said To Deploy AI-Powered Spy Balloons
The use of spy balloons by China has raised alarm in the US, as they have been reportedly used for surveillance missions over US military facilities. These highly advanced balloons, powered by Artificial Intelligence (AI), are capable of conducting high-altitude reconnaissance operations.
Alternative Investments/ESG: Six New Responsible Funds Flag Off Morgan Stanley’s ETF Platform
Morgan Stanley Investment Management (MSIM) has launched its ETF platform with six Calvert ETFs listed on NYSE Arca. The ETFs feature Calvert’s responsible investing approach and offer access to four indexed and two active ESG strategies across asset classes.
Artificial Intelligence: MusicLM, A New Generative AI Tool From Google, Creates Music From Text
Google (NASDAQ: GOOGL) recently published a research paper on its new AI tool, MusicLM, designed to create music. The tool is based on machine learning and is trained on vast amounts of data to learn how to recreate different forms of content, including music.
Artificial Intelligence: Snap Mulling AR Glasses Powered By Generative AI
Snap (NYSE: SNAP), the parent company of Snapchat, has hinted at future AR glasses powered by generative AI technology. CEO Evan Spiegel stated that AI will be critical to the growth of AR, including AR glasses, and that the company is thinking about integrating AI into its Lens Studio technology. (daijiworld.com)
Digital Assets: Binance And Mastercard Launch Prepaid Crypto Card In Brazil
Binance and Mastercard (NYSE: MA) have jointly launched the Binance Card in Brazil, allowing Binance users in the country to make purchases and pay bills with cryptocurrencies like bitcoin and BNB at over 90 million Mastercard merchants globally. However, the user must have a valid national ID.
Artificial Intelligence: Instagram Co-Founders Are Back With Artifact, A Personalized Newsfeed App
Instagram co-founders, Kevin Systrom and Mike Krieger, are launching Artifact, a news reading app that uses machine learning to understand users’ interests and offers a personalized newsfeed of articles from a curated list of publishers.
Alternative Investments: BlackRock In Move To Attract Younger Savers To Its ETFs
BlackRock is teaming up with neobroker Bux to offer low-cost ETF savings plans in Europe. The savings plan, which will cost just €1 per month on the Bux platform, will allow investors to build portfolios of up to 10 BlackRock iShares ETFs, with a €1 commission fee for portfolio trades.
Venture Capital: Generative AI Startup Anthropic May Nab $300M Funding
Anthropic, a San Francisco-based AI start-up specializing in generative AI, is close to securing $300 million in funding, according to sources. The deal could value the company at $5 billion, said the New York Times.
Artificial Intelligence: AI-Powered Study Finds Earth Will Reach 1.5C Warming In The Next Decade
A new study warns that the world is close to exceeding a critical climate threshold, signaling that time is rapidly running out to avoid the most disastrous effects of global warming.