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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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Digital Assets: Japan’s Nomura Holdings Incorporates Digital Assets Subsidiary In Switzerland
Nomura Holdings (TYO: 8604), the Japanese investment banking behemoth, has incorporated Laser Digital Holdings AG in Switzerland for its new digital assets business, Laser Digital. Laser will focus on the three core businesses of Secondary Trading, Venture Capital and Investor Products.
Venture Capital: Pie, Which Specializes In Workers Compensation Insurance, Raises $315M
Pie Insurance, a small business-focused insurtech, raised a $ 315 million series D round led by Centerbridge Partners and Allianz X, the digital investments arm of Allianz Group. White Mountains Insurance Group participated as a new investor, while Gallatin Point Capital, Greycroft, Acrew Capital and others were repeat investors.
Alternative Investments/ESG: The New Carbon Collective Climate Solutions US Equity ETF
The Carbon Collective Climate Solutions U.S. Equity ETF (NASDAQ: CCSO) from Carbon Collective Investing invests in about 200 companies in sectors such as clean energy, electrified transportation, efficient buildings, circular economy, sustainable food, and industrial electrification. The companies maybe of any market capitalisation but must be dedicated to solving climate change.
FinTech: Cannabis Wholesale Platform Leaflink Clocks Over $1B In Payments Transactions
Leaflink, a wholesale platform for the cannabis industry that offers payment solutions, announced Wednesday that it had processed over $1 billion in transactions since the company’s inception to date across 1700 active operators and 22 markets.
Artificial Intelligence: Whale Safe, An AI-Enabled System, Warns Ships To Slow Down
The Marine Mammal Center and The Benioff Ocean Science Laboratory have announced a collaboration to bring Whale Safe, a technology-based mapping and analysis system to help prevent whale-ship collisions in the San Francisco Bay Area region.
Artificial Intelligence: Kroger Launches AI-Enabled Self Checkouts
The Kroger Co (NYSE: KR), America’s biggest grocery retailer, is implementing a self-checkout solution developed using Everseen’s Visual AI. This technology leverages high-resolution cameras and a combination of computer vision and AI capabilities developed on Nvidia’s (NASDAQ: NVDA) Accelerated Computing AI Platform.
Artificial Intelligence: AI To Prevent Endangered Eagle Species From Flying Into German Wind Turbines
Only about 130 breeding pairs of the lesser spotted eagle are known to be surviving. This species of eagle is known to ride thermal currents that prevail over past German flatlands that will soon see vast wind farms in the country’s rush to replace increasingly doubtful supplies of Russian gas, coal-based power and nuclear energy.
Liquid Alternatives: Purpose Launches Cash Management Fund
Canadian fund manager Purpose Investments Inc has launched the Purpose Cash Management Fund on the Toronto Stock Exchange. The yields on the fund investments are expected to rise in tandem with the rate hikes to be implemented by the Bank of Canada in its effort to tame inflation.
Alternative Investments/ESG: Strive Takes On US Corporate Boards Via New ETF
Strive Asset Management has launched the Strive ETF 500 (NYSE: STRV), a fund that provides diversified large-cap exposure to established U.S. corporations and mandates the fund manager to engage with corporates on behalf of investors.
Artificial Intelligence: BMW And Other Funding Rounds Of Note
Here are interesting funding rounds in the AI space, ranging from the BMW-led $10 million funding in an optical AI company, to the similar amount invested in a Slovenia-based insect monitoring, and forecasting platform.
Digital Assets: Lumos Digital Mining Flags Off Solar-Powered Mining Of Bitcoin Down Under
Lumos Digital Mining has inaugurated its solar powered 5 MW bitcoin data mining centre in the steel city of Whyalla, South Australia. It will be operated for the mining of bitcoins, a process which requires extensive competition of power to solve complex mathematics problems. Crypto mining has been roundly criticised in recent times for its rapacious use of energy, said to exceed annually the consumption of a medium-sized nation such as Argentina.
FinTech: U.S-based Kenyan Fintech WayaPay Launches Digital Bank And App In The US
WayaPay, which has been co-founded by Dr. David Wachira and Hempstone Maroria, both Kenyans living outside of their home country, secured all the necessary regulatory approval in the U.S. for the bank and app. The WayaPay app users can open digital accounts, send money go other Waya users without charges, spend on the cards linked to their Waya account, and make foreign remittances to more than 10 countries in Africa to recipients’ mobile wallets and bank accounts.
Artificial Intelligence: Rekor Debuts New Non-Intrusive AI-Driven Traffic Data Collection System
Rekor, (NASDAQ: REKR) which uses AI, machine learning and data to support roadway safety and smart mobility, unveiled its new edge-based, non-intrusive, AI-driven traffic data collection system designed and developed to collect and transform high-speed roadway data.
Artificial Intelligence: Japanese Companies Retail AI And Toshiba Partner To Revamp The Shopping Experience
Japanese companies Retail AI and Toshiba Tec (TYO: 6588) have partnered on a project to integrate Retail AI’s Smart Shopping Cart with Toshiba’s ELERA, a unified cloud commerce platform and suite of solutions that enables retailers to remove boundaries between physical and digital stores.
FinTech: Travel Technology Company Amadeus Joins With Uplift To Offer BNPL For Travel
Uplift, a provider of Buy Now Pay Later (BNPL) solutions to enterprises, is joining hands with Amadeus, a leading travel technology provider, for bringing BNPL services to customers in the US and Canada via the Amadeus Xchange Payment Platform (XPP). Amadeus XPP helps travel companies access the latest fintech innovations to improve the payment experience for travelers.
FinTech: The 2022 Finovate Awards Winners
At a glittering event in New York City made up of cocktails, dinner, and entertainment, Finovate celebrated the winning companies and individuals in each category, listed in alphabetical order.
Digital Assets: Michael Saylor Takes Up The Cudgels For Bitcoin On Energy And Climate Change
A report published last week by the U.S. Office of Science and Technology Policy claimed that electricity usage from digital assets was contributing to greenhouse gas (GHG) emissions. Michael Saylor, Executive Chairman, MicroStrategy (NASDAQ: MSTR) has issued a blog post titled “Bitcoin Mining and the Environment,” presumably in response to the White House report, and drew attention to his riposte on Twitter.
Digital Assets: Do Kwon May Soon Be Forced To Return To Face The Law In South Korea
South Korean authorities have requested the country’s Foreign Ministry to revoke the passport of Do Kwon, the founder of the collapsed Terraform Labs crypto ecosystem, says a Bloomberg report, quoting the prosecutor’s office.
Venture Capital: SaaS Pricing And Financing Platform Ratio Raises $411M After Emerging From Stealth
Ratio, a fintech platform focused on management of SaaS subscriptions, emerged from stealth and secured $411 million in financing, comprising $11 million of venture funding and a $400 million credit facility for customer financing. Ratio’s investors include Streamlined Ventures, Cervin Ventures, 8-Bit Capital, HoneyStone Ventures, multi-billion-dollar asset managers and a range of tech CEOs from both large and small companies.
Artificial Intelligence: LG Ties With Parsons School Of Design To Leverage EXAONE, LG’s Super-Giant AI
LG AI Research, the AI research hub of LG Group (KRX: 003550), the South Korean conglomerate, announced a collaboration with the New York-based Parsons School Of Design for research of advanced AI and creative technologies as applicable to fashion, design and media.
Digital Assets: Ethereum Completes “The Merge,” Transits To Proof-Of-Stake Consensus, Cuts Energy Use By ~99.95%
In an event described as historic in the digital assets space, the Ethereum blockchain has completed its “Merge” on September 15, 2022. The Merge refers to the original Ethereum Mainnet merging with a separate ‘proof-of-stake’ blockchain called the Beacon Chain, now existing as one chain.
Venture Capital: Massive Payday For Figma Founders As Adobe Makes $20B Offer For The Design Startup
Adobe, (NASDAQ: ADBE) announced it will pay about $ 20 billion in cash and stock to acquire Figma, a collaborative design start-up that was valued at $ 10 billion in its last funding round in 2021. Figma creates cloud-based design software that is a competitor to Adobe’s XD program. The payment consideration of $ 20 billion comprises approximately half cash and half stock subject to usual adjustments.
FinTech: Walmart To Foray Into Banking Via Fintech Startup One
Walmart (NYSE: WMT) the retailer with 1.6 million employees at 5,335 store locations across the U.S. and 150 million weekly customers, is finally making serious inroads into banking. One, a fintech startup that is majority owned by the retail giant, will be the vehicle for the new venture, which envisages, in a beta phase, offering checking accounts to its employees and some of its online customers, says a report by Bloomberg.
Alternative Investments/Digital: New, Post-Hard-Fork Ethereum ETP Launched By ETC
ETC Group is launching a new physically backed Ethereum ETP, the ETHWetc–ETC Group Physical EthereumPoW (ZETW GY) on the Deutsche Börse Xetra on 16 September, shortly after the hard fork occurs.
After the fork, the PoS chain will continue with ether (ETH) as its native chain, while the PoW chain will have a new token titled ETHW.