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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: The Aware AI-powered App Protects Threatened New Zealand Species
Microsoft (NASDAQ: MSFT), along with other organizations, has funded the development of the SeaSpotter app, which uses AI to identify and report endangered marine species in New Zealand. These include whales, dolphins and seals.
FinTech: Three-Way Collaboration Between Allianz Trade, Santander And Two For B2B BNPL Solution
A new global B2B Buy Now Pay Later (BNPL) solution is being developed by a three-way collaboration between Allianz Trade, a global leader in trade credit insurance, Two, the business-to-business (B2B) e-commerce payments platform, and Santander CIB (BME: SAN), one of the top trade finance banks in the banking sector.
Venture Capital: Oxbotica, Maker Of Software For Universal Autonomy, Lands $140M
The round brings Oxbotica’s cumulative funding till date to approximately US$225 million.
FinTech: Canadian Fintech Nuvei To Buy Payments Provider Paya For $1.3B
Canadian business payments technology provider Nuvei Corporation (NASDAQ: NVEI) has agreed to acquire Paya Holdings (NASDAQ: PAYA), a provider of integrated payment and commerce solutions in the U.S., for about $1.3 billion in an all-cash transaction.
Artificial Intelligence: The Ella Baby Stroller Is AI-Enabled To Deliver A “Nanny-Like” Experience
At the Consumer Electronics Show at Las Vegas, Vancouver based Glüxkind Technologies launched a battery-powered pram for babies that is able to push and rock itself using artificial intelligence. The so-called convertible Ella pram, which comes with a reversible seat, is said to deliver an almost “nanny-like” experience.
Digital Assets: “Economic Headwinds” And “Collapse Of FTX” Force Crypto.com To Slash Workforce By 20%
Kris Marszalek, Co-Founder & CEO of crypto exchange Crypto.com said in an update Friday that the company was cutting its global workforce by about 20%. Marszalek laid the blame for the layoffs at the door of several factors including economic headwinds, unforeseen industry events, negative economy developments, and FTX.
Alternative Investments/ESG: USCF Launches ETF Focused On Battery Metals
USCF announced the launch of the USCF Sustainable Battery Metals Strategy Fund (NYSEARCA: ZSB), an actively managed ETF that seeks to earn its returns from exposure to battery metals, for example metals such as cobalt, copper, iron ore, lithium, nickel, and other metals currently used in battery and electrification infrastructure.
FinTech: Stripe’s Internal Valuation Is Cut By 11%
The Information reported that Stripe has chopped its internal valuation by about 11% to $63 billion. This is known as a 409a valuation and is not decided by investors looking to fund the company. A lower internal price may be beneficial to employees by lowering their cost of equity held in the company. This latest price is now $24.71.
Alternative Investments/Digital: Samsung Asset Management To Launch Bitcoin Futures ETF In Hong Kong
On January 13, Samsung Asset Management will launch the Samsung Bitcoin Futures Active ETF on the Hong Kong stock market. The move is timing nicely with what appears to be a resurgence of investor interest in digital assets alongside a rally in global equities following slowing inflation.
Digital Assets: Abu Dhabi’s Venom Foundation Ties With Iceberg Capital For $1B Blockchain And Web3 Venture Fund
Abu Dhabi’s Venom Foundation has announced the launch of Venom Ventures Fund, a $1 billion venture fund targeting startups in blockchain and web3 dApps and protocols. However, it will favor ventures that are focused on long-term trends including payments, asset management and banking services, as well as GameFi.
Artificial Intelligence: Tech Giant Microsoft’s VALL-E AI Tool Can Reproduce Your Voice
Trained on 60,000 hours of English speech data, VALL-E, which is Microsoft’s (NASDAQ: MSFT) new AI tool, can replicate any voice based on its analysis of a three-second audio sample. In an advancement of this technology, VALL-E can also simulate the tone and emotions of the speaker.
Liquid Alternatives: DIPC, A Liquid Alt Offering From FundFront And DipSea Capital
Investors can hope to generate steady income and as well participate in outsized equity market moves with DIPC, a product that is an alternative to the traditional but currently underperforming 60:40 portfolio. FundFront last month launched DIPC in partnership with Dipsea Capital to offer the latter’s tactical relative value strategy by trading a basket of short-dated U.S. equity options and momentum stocks.
Alternative Investments/ESG: Hypatia Announces New ETF Focusing On Companies Led By Women
Hypatia Capital Management LLC has launched an ETF that invests in women-led, publicly traded companies. The Hypatia Women CEO ETF (NYSE: WCEO) will seek out companies led by a female CEO or Board Chair. Hypatia is an asset management group focused on female CEOs and balanced management teams, with a CEO-level female executive network that includes over 1000 business leaders.
Digital Assets: It Gets Worse – Coinbase Announces A Third Round Of 950 Layoffs
In a blog post this morning, Coinbase (NASDAQ: COIN) CEO and Co-Founder Brian Armstrong said he still expected further contagion from the crypto market’s downturn, but the events represented an opportunity for the company and validated its long-term strategy. He said the company had to be operationally efficient enough to take advantage and therefore needed to reduce operating expense by about 25% quarter-on-quarter, which included letting go of about 950 people.
Artificial Intelligence: Microsoft Mulling $10B Investment in ChatGPT Creator OpenAI
OpenAI launched ChatGPT on November 30, and the program went viral soon thereafter. Sources having knowledge of the matter have revealed to Bloomberg that Microsoft Corp (NASDAQ: MSFT) is negotiating to invest as much as $10 billion in OpenAI, the startup that created the wildly popular AI bot named ChatGPT. The sources also disclosed that…
Digital Assets: Galaxy Digital Bails Out Bitcoin Miner Argo In $100M Deal Including Purchase Of Mining Facility
Argo Blockchain (NASDAQ: ARBK) and Galaxy Digital Holdings Ltd (TSX: GLXY) have agreed a $100 million deal that covers the sale of a bitcoin facility to Galaxy for $65 million and a $35 million restructuring loan to Argo.
Digital Assets: Transparency And Risk Management At Crypto Firms Still Fall Short Despite FTX (WSJ)
In the absence of a regulatory mechanism in the US, and particularly after the collapse of so many crypto industry players (including FTX – the latest and most high profile) there is all around concern regarding the procedures for risk management, fair accounting, and internal controls that must be implemented within the industry. According to the WSJ, though crypto firms have started to disclose more information about their affairs, investors are still not comfortable with the levels of transparency and accountability in the industry.
Digital Assets: The DOJ Seized 55.27M Shares Of Robinhood And $20.75M Currency In Broking Account Linked To SBF
The seizure followed the December 9 indictment of SBF for charges including wire fraud, money laundering, securities fraud, commodities fraud and campaign finance violations.
Venture Capital: Cyber Security Firm Netskope Raises $401M From Top Notch Investors
Security firm Netskope announced an oversubscribed round of $401 million that saw participation from Morgan Stanley Tactical Value, Goldman Sachs Asset Management, Ontario Teachers’ Pension Plan, and Canada Pension Plan Investment Board (CPP Investments)
Venture Capital: Tennis Star Serena Williams Leads $12M Round In Juno Medical
Juno Medical operates a tech-enabled healthcare model designed to meet the everyday healthcare needs of “the 99%”, focusing on revitalizing neighborhoods alongside delivery of a beautiful environment, transparent pricing, and exceptional care. The company last month raised a $12 million Series A co-led by Julian Eison, Managing Partner at NEXT VENTURES, and Serena Williams, Managing Partner at Serena Ventures.
Venture Capital: Energy-As-A-Service Provider Redaptive Raised $200M
Redaptive offers energy-efficiency upgrades as a service to commercial buildings including fully-funded, end-to-end sustainability solutions that save money, build resiliency and meet ESG goals. The company raised about $200 million from the Canada Pension Plan Investment Board. Certain existing investors, including Linse Capital and CBRE, will also be participating in the investment. Redaptive is expecting to announce a second close in early 2023.
Venture Capital: Solar Power Producer Silicon Ranch Amidst $600M Raise
Silicon Ranch, one of the largest independent solar power producers in the US, announced a $600 million equity fundraising out of which it closed on $375 million in December 2022. The company is a fully integrated provider of customized renewable energy, carbon, and battery storage solutions for partners across North America.
Venture Capital: ChatGPT Creator OpenAI May Value At $29B In Share Sale
In a Thursday report the Wall Street Journal revealed that OpenAI, the creator of the highly successful ChatGBT AI bot, was in talks to sell existing shares amounting $300 million to VC firms Thrive Capital and Founders Fund. The transaction (known as a tender offer) would value OpenAI at around $29 billion, WSJ said, with the sellers being existing shareholders including employees.
Alternative Investments/ESG: DWS Launches Two ESG S&P500 ETFs In Europe
DWS launched in December two new ESG-focused UCITS ETFs based on the S&P500 titled the Xtrackers S&P 500 ESG UCITS ETF and Xtrackers S&P 500 Equal Weight ESG UCITS ETF.