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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: Open Source AI Company Stability AI Lands $101M
Stability AI, an open source AI company driven by a community of developers that launched the highly successful, free-to-use, text-to-image generator Stable Diffusion, has raised a $101 million, oversubscribed round led by Coatue, Lightspeed Venture Partners, and O’Shaughnessy Ventures LLC.
Alternative Investments: Desjardins Launches New Long-Short Alternative ETF
Desjardins Global Asset Management Inc announced the launch of the new Desjardins Alt Long/Short Global Equity Markets ETF comprising two classes of units, the CA$ hedged units (“DAMG”) and the US$ hedged units (“DAMG.U”). The ETF, which joined the Desjardins Alternative ETFs line-up, began trading on the Toronto Stock Exchange with effect from October 14.
Alternative Investments/ESG: Harbor Capital Launches US Equity ETF Focusing On Corporate Culture
Harbor Capital Advisors, Inc. has launched the Harbor Corporate Culture ETF (NYSEARCA: HAPI) to give investors the ability to access the power of a company’s most important asset – its people, based on the premise that “doing the right thing pays and is strongly linked to future investment performance.”
Artificial Intelligence: NVIDIA Founder Jensen Huang And Wife Lori Huang Donate $50M To Oregon State University
Oregon State University (OSU) has announced the launch of a $200 million research and education center incorporating one of the nation’s most powerful supercomputers. Jen-Hsun Huang, founder and CEO of NVIDIA (NASDAQ: NVDA), and his wife Lori have contributed a gift of $50 million to the OSU Foundation, following which the center is to be named the Jen-Hsun and Lori Huang Collaborative Innovation Complex.
Digital Assets: Uniswap Lands $165M Series B At $1.66B Valuation
Uniswap, which intends to bring Web3 to everyone, announced a $165 million Series G round led by Polychain Capital and with participation from existing investors a16z crypto, Paradigm, SV Angel, and Variant. The round valued the company at around $1.66 billion.
Artificial Intelligence: VW Launches €2.4bn Joint Venture with Chinese AI Chip Specialist Horizon Robotics
Volkswagen AG (ETR: VOW3) announced an investment of €2.4bn in a joint venture between its software company CARIAD and Horizon Robotics, a leading Chinese designer of AI chips and provider of computing solutions for smart vehicles in China. CARIAD will be a majority (60%) shareholder in the JV, expected to be formed in the first half of 2023.
Alternative Investments/ESG: VanEck Australia Launches Global Carbon Credits ETF
VanEck Australia has launched the VanEck Global Carbon Credits ETF (ASX:XCO2), a new global carbon credits based ETF that will allow retail investors in Australia exposure to international carbon credit markets. The ETF is a valuable diversification for these investors because the local bourse is heavily dominated by climate-sensitive sectors and companies in mining, energy and other resources.
Digital Assets: Cumulative Transactions In The Digital Yuan (e-CNY) Exceed 100.04B Yuan ($13.9B)
In statistics unveiled by the People’s Bank of China, the country’s CBDC, known as e-CNY, has amassed a cumulative value of 100 billion yuan ($13.9 billion) as of Aug. 31, 2022. Given the number of transactions during the period was 360 million, the average value of a transaction was 278 yuan.
Venture Capital: TripActions Raises $304M Series G At $9.2B Valuation
TripActions announced a Series G raise comprising $154 million in equity from new and existing financial investors as well as a $150 million structured capital transaction led by Coatue, marking the third financing round for the company in three years.
Alternative Investments/ESG: KraneShares Launches ETF Focused On Metals Required For The Energy Transition
Asset management firm Kranes Funds Advisors LLC launched on Thursday the KraneShares Electrification Metals ETF (NYSE: KMET) on the New York Stock Exchange. The ETF offers exposure to the core metals expected to see strong demand from a range of electrification uses including EVs and their batteries, transmission and distribution grids, electrical wiring, and in solar panels and wind turbines.
FinTech: Apple Card Users Can Now Earn Interest On Their Daily Cash Rewards In A Goldman Sachs Savings Account
Apple (NASDAQ: AAPL) announced that users of its Apple Card could open a new high-yield Savings account at Goldman Sachs (NYSE: GS) in the coming months. Apple Card users can automatically deposit, save, and grow their Daily Cash and rewards in this account. The iPhone giant also clarified that the Savings account will have no fees, no minimum deposits, and no minimum balance requirements.
Artificial Intelligence: VC Money Follows Startups Into London’s West End, Soon To Be An AI Hub?
London’s West End may soon add ‘high tech’ to its ‘night-spot’ allure. A number of AI startups have located themselves in this district, which may soon gain a reputation as the UK’s AI cluster and industry hub. The trend since the late 2000s for East London to be the go-to address for digital startups seems to be turning. (UKTN)
Digital Assets: Using The Metaverse To Restore Chinook Salmon To A Native American Watershed In California
Pom, a Native American tribe leader in Northern California, will use blockchain to revive the native species of Chinook salmon his community once relied on. Pom and his team have created Salmon Journeys, a video game on Decentraland. A user who snags a Chinook salmon in the game wins an exclusive non-fungible token (NFT) by Sawalmen, a Web3 entity that represents Indigenous spiritual values and raises funds for restoration efforts and the landback movement.
FinTech: Mastercard Invests In Egypt’s Nclude, A Fintech Focused VC Investment Platform
Mastercard (NYSE: MA) has made a strategic investment of an undisclosed amount in Nclude, a fintech-focused VC investment platform launched in Egypt. The investment will go toward supporting early-and-growth-stage fintechs tackling financial inclusion in the country, and the Central Bank of Egypt’s vision to establish Egypt as the Innovation Hub for fintechs across the Middle East and Africa region.
Venture Capital: Soli Organic Lands $125M Round For New, Soil-Based Indoor Farms
Soli Organic has closed a series D funding round of nearly $ 125 million. Led by global investment group CDPQ, the round also saw participation from leading European investment firm Movendo Capital, B.V. and existing investors S2G Ventures, Cascade Asset Management Company and XPV Water Partners.
Artificial Intelligence: Finnish Dairy Valio Uses AI To Design Futuristic Low-Sugar Chocolate
Finnish dairy Valio enlisted technology company Aiwo Digital to analyse a global assortment of 1.5 million tweets to get insights from chocolate lovers around the world. They used this information to create The Bar, a new low-sugar milk chocolate claimed to be having “AI-design” features.
Digital Assets: Google Cloud And Coinbase Partner On Web3
“Over the next few years, we believe every company and developer will be building on Web3 — to the point where Web3 will become synonymous with the internet itself,” says Coinbase (NASDAQ: COIN) in a blog post announcing its Web3 partnership with Google Cloud. The cloud and digital asset giants have come together to address the potential of Web3.
FinTech: BNP Paribas Acquires Kantox, A Currency Risk Management Fintech
BNP Paribas (EPA: BNP) announced Tuesday its agreement to acquire Kantox, a leading fintech for automation of currency risk management. Kantox software offers a e-stop-shop, API driven, plug-and-play solution which has emerged as an innovative technology within the B2B cross-border payments sector. Corporates can set up advanced level, automated hedging strategies.
Venture Capital: Step, The Teen And Young Adult-Focused Digital Bank, Raises $300M Debt Round
BNP Paribas (EPA: BNP) announced Tuesday its agreement to acquire Kantox, a leading fintech for automation of currency risk management. Kantox software offers a e-stop-shop, API driven, plug-and-play solution which has emerged as an innovative technology within the B2B cross-border payments sector. Corporates can set up advanced level, automated hedging strategies.
Digital Assets: BNY Mellon’s Digital Asset Custody Platform Is Live In The U.S.
BNY Mellon, the investment arm and a brand name of the Bank of New York Mellon Corporation (NYSE: BK), announced that select clients would now be able to hold and transfer bitcoin and ether on its newly-launched Digital Asset Custody platform.
Artificial Intelligence: Ai-Da, A Robot, Speaks At The House Of Lords
Ai-Da, a robot created by Aiden Meller, and described as “the world’s first ultra-realistic robot artist”, appeared at a hearing before the Lords communications and digital committee on Tuesday. The Committee was examining the future of the UK’s creative industries and how AI could impact the sector.
Alternative Investments/ESG: Amundi Launches Paris-Aligned ETF Focused On Large And Mid-Cap Stocks Globally
Amundi has launched the Amundi MSCI ACWI SRI PAB UCITS ETF on the Deutsche Börse Xetra in US dollars (WELB GY) and euros (WELA GY). The new fund is linked to the MSCI ACWI SRI Filtered PAB Index which is constructed from the parent MSCI ACWI universe of large and mid-cap stocks from 23 developed market and 24 emerging market countries globally. The fund has an expense ratio of 0.20% and is classified as an Article 9 product under the European Union’s Sustainable Finance Disclosure Regulation (SFDR).
Alternative Investments/ESG: Thrivent Launches ESG ETF Focused On Small And Mid Caps
Thrivent Asset Management has launched the Thrivent Small-Mid Cap ESG ETF (NYSEARCA: TSME) an ESG-focused exchange traded fund that will invest in small- and mid-cap stocks. The actively managed fund will maintain a portfolio of small- and mid-cap stocks across the growth and value spectrums that meet certain criteria for environmental, social, and governance practices. It is the firm’s first ETF launch.
Alternative Investments/ESG: AXS Investments Launches A “Next Economy” Focused ETF
AXS Investments and Green Alpha Investments have partnered to launch the AXS Green Alpha ETF (NXTE) which will invest in the latter’s trademarked Next Economy™ philosophy and investment strategies, identifying companies poised to be leaders in the rapidly unfolding and expanding sustainable global economy, while possessing growth potential at attractive valuations.