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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: A Spindly Farming Robot Scouts Farming Fields For Pests, Weeds, And Disease
The SentiV scouting robot, a prototype spoke-wheeled plant nurse, is being developed to inspect acres of row crops for disease, pests, and other issues.
Venture Capital: Decarbonized Cement Startup Sublime Systems Nabs $40M
Sublime Systems, a developer of technology for decarbonized cement production, announced the closure of a $40 million Series A funding round led by Lowercarbon Capital and featuring participation from existing investors like The Engine and Energy Impact Partners. Siam Cement Group, the largest cement producer in Southeast Asia, is also joining as a strategic investor.
Digital Assets: As Withdrawals Surge, Crypto Focused Banks Borrow Billions From Home-Loan Banks
Two of the largest banks catering to cryptocurrency companies, Signature Bank (NASDAQ: SBNY) and Silvergate Capital Corp, (NYSE: SI) have taken loans of billions of dollars from Federal Home Loan Banks to stem a flood of customer withdrawals.
FinTech: Walmart Introduces “Walmart Business” For Small And Medium Businesses
Walmart (NYSE: WMT) has announced the launch of Walmart Business, an eCommerce site and customer experience designed specifically for small and medium businesses (SMBs) and nonprofits. The company has been working with SMBs and nonprofits to develop solutions that will help them run smoother, stay in control and in stock, and create efficiencies to operate and grow.
Alternative Investments/ESG: Putnam Has Five New Active ESG-Focused ETFs Listed On The NYSE
Putnam Investments has launched five new transparent, actively managed exchange-traded funds (ETFs) that begin trading on the New York Stock Exchange. These new ETFs nearly double the firm’s range of actively managed ETF products.
Artificial Intelligence: An Investigation By Times Reveals The Dark Side Of Training Chatbots On Offensive Content
A recent investigation by Time has brought to light some questionable practices used by AI chatbot startup OpenAI, which is backed by Microsoft, to improve its technology. The report focuses on OpenAI’s ChatGPT chatbot, which has recently gained attention for its ability to produce highly natural conversational text.
Artificial Intelligence: At Davos, FBI Director Christopher Wray Takes Aim At Chinese AI Ambitions
FBI Director Christopher Wray expressed concern about China’s artificial intelligence program during a panel session at the World Economic Forum, stating that it is “not constrained by the rule of law” and built on stolen intellectual property and data.
Digital Assets: NAB Launches AUDN, A Stablecoin Backed By The Australian Dollar
The National Australia Bank (NAB) (ASX: NAB) plans to launch a stablecoin, called AUDN, that will be pegged to the Australian dollar and will be on the Ethereum network.
Digital Assets: N26 Crypto, A New Product From Mobile Bank N26, Launches In Germany, Switzerland, Belgium, Portugal, and Ireland
Mobile bank N26 has expanded the availability of its cryptocurrency trading service, N26 Crypto, to customers in Germany, Switzerland, Belgium, Portugal and Ireland.
Digital Assets: Genesis, A Subsidiary Of DCG, Files For Insolvency
Genesis Global Trading, a subsidiary of Barry Silbert’s Digital Currency Group (DCG), filed for Chapter 11 bankruptcy in the Southern District of New York court.
Digital Assets: WEF Launches Virtual Global Collaboration Village In The Metaverse
The World Economic Forum (WEF), together with Accenture (NYSE: CAN) and Microsoft (NASDAQ: MSFT), unveiled a prototype of the Global Collaboration Village metaverse at its Annual Meeting 2023. This metaverse is a platform for organizations to come together and address the world’s most pressing challenges.
Venture Capital: Space Debris Remover ClearSpace Lands €26.7m Series A
Switzerland-based startup ClearSpace is working on technology for space debris removal and has recently raised €26.7m in a Series A round to accelerate the launch of the world’s first-ever space mission to remove a moving, non-cooperative object from orbit.
FinTech: Playter Announces Paid, A BNPL Scheme For SMBs In The UK
Playter, a provider of B2B Buy-Now-Pay-Later for small and medium-sized businesses in the UK, has introduced a new credit offering called “Paid.” The company’s mission is to help SMEs release cash flow for growth and investment by offering flexible financing options.
Artificial Intelligence: Nadella Says Humanity Will Benefit From AI, Whose Golden Age Is Here
Satya Nadella, CEO of Microsoft (NASDAQ: MSFT), stated at the WEF that the world is entering a golden age of artificial intelligence (AI) driven by recent breakthroughs in GPT models. Products like ChatGPT, a cutting-edge chatbot that can answer complex questions and even write poetry, are capturing the world’s attention and generating excitement.
Artificial Intelligence: Detroit Brewery Uses ChatGPT To Create A Recipe For Its “Artificial Intelligence IPA” Beer
Atwater Brewery in Detroit has created a new beer called Artificial Intelligence IPA, which was formulated using a recipe generated by the chatbot, ChatGPT.
FinTech: Middle-East Focused BNPL Fintech Tabby Lands $58M Funding
BNPL fintech Tabby is active in Saudi Arabia, UAE, Egypt and Kuwait. Tabby, a leading BNPL shopping and financial services app in the MENA region, has raised $58 million in a Series C round led by Sequoia Capital India and including STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures, and Endeavor Catalyst. The funding values…
Venture Capital: Sequoia Capital Launches $195M Seed Venture Fund
Sequoia Capital, the storied venture capital firm, has announced a new $195 million seed fund and plans to run three batches of its accelerator program, Arc, in 2023, up from two in the previous year. Despite fewer companies starting up, Sequoia believes that now is a good time to invest in seed stage companies, as they are more insulated from the effects of the public market, which is passing through a period of tumult.
Venture Capital: CalPERS Will Fund $1B To Promote Diversity In Alternative Fund Managers’ Investments
The California Public Employees’ Retirement System (CalPERS), a pension fund with assets worth $457 billion, has announced that it is committing $1 billion to support diverse and underrepresented private market investors through asset managers TPG and GCM Grosvenor.
Venture Capital: Impel, A Digital Platform For Car Buyers, Nabs $104M
Impel, a New York-based digital engagement startup, has secured $104 million in a growth investment led by Silversmith Capital Partners and additional investment from Wavecrest Growth Partners.
Artificial Intelligence: Dealmaking – Volvo Invests In Waabi; Bayer Acquires Blackford
Volvo eyes Waabi’s autonomous trucking technology. Bayer acquires AI Imaging solutions firm Blackford Analysis. Here are two deals recently entered in the AI space.
Alternative Investments/ESG: Invesco Launches Global High Yield ESG ETF
Invesco has introduced a new ETF, the Invesco Global High Yield Corporate Bond ESG UCITS ETF, that aims to tap into the growing demand for both high yield and ESG-focused ETFs. The ETF which expands Invesco’s fixed income range, is listed on the London Stock Exchange. (ETF Stream)
Venture Capital: Monogram Health Lands $375M Funding Round For Specialized At-Home Renal Care
Monogram Health, a company that provides in-home care and benefit management services for patients living with chronic conditions, has closed a $375 million funding round.
Digital Assets: Binance Launches “Binance Mirror,” A Cold Custody Solution For Institutions
Binance has launched an off-exchange settlement solution called “Binance Mirror” which allows institutional investors to lock collateral by connecting their qualified cold wallet with Binance Custody. The assets can then be mirrored on their Binance exchange account.
FinTech: Uber Eats And Visa Make A Join Effort To Promote Environmentally Friendly Restaurant Packaging
Uber and Visa have announced a new program to support small-and medium-sized businesses in their transition to green and sustainable packaging solutions. The program is also part of a broader effort to support small businesses that use Uber Eats to grow their businesses.