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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 2nd Global AI Summit Is On In Riyadh, Saudi Arabia
On Tuesday, September 13, the Global AI Summit opened in Riyadh, Saudi Arabia, with more than 200 speakers from 90 countries and 10,000 participants in the three-day event. Hosted by the Saudi Data and Artificial Intelligence Authority (SDAIA), the summit would be attended by private sector leaders, government officials, and renowned academic professionals from across the globe.
Venture Capital: TeraWatt Raises Over $1B To Scale Charging Networks For Electrified Fleets
TeraWatt Infrastructure has raised over $ 1 billion of institutional funds scale up its network of fleet-focused charging centres and operations. The company’s mission is to accelerate the decarbonisation of transport with a proprietary platform that combines an EV charging-focused property portfolio, asset financing capabilities, project development, and charging and energy management expertise.
FinTech: India’s Cashfree Payments Empowers Marketing Platform DASH With Android-Based POS
Indian fintech Cashfree Payments’ POS solution softPOS allows delivery partners, sales agents and field service professionals to collect payments from the customer’s doorstep. DASH, a tech-driven marketing company that helps brands in the FMCG and food commodities segment via its network in the country’s Tier-3 (semi-urban) towns, has deployed softPOS to collect payments using Android phones doubling as POS terminals.
Artificial Intelligence: Pilot AI Project Assessing Distracted Driving in Edmonton, Canada
The University of Alberta is leading a three-week pilot project that will use artificial intelligence to detect automobile drivers at the wheel with a cell phone in their hand. The project will assess the extent of such distracted driving in the city of Edmonton and also whether AI deployed to nab offenders. Sensors will be installed at strategic Edmonton locations to capture images of these drivers, even through windshields. The technology has been provided by Australian-based company Acusensus which said it had been used in Australia and several locations in the United States.
Alternative Investments/ESG: New ETF For Exposure To Global Compliance Carbon Markets
Carbon Fund Advisors has launched the Carbon Strategy ETF (NYSE:KARB) designed for investors to obtain exposure to the global compliance carbon markets that comprise emissions trading systems established by various authorities for deriving a price on greenhouse gas emissions. These markets have surged from $ 220 billion in $ 2018 to $ 899 billion in 2021.
Artificial Intelligence: US National Institutes Of Health Budgets $14M On “Voice as a Biomarker of Health” Project
The US National Institutes of Health (NIH) plans to spend $ 14 million over four years to create a training database of people’s voices that can be used to train AI and machine learning applications for the detection of various diseases and neurological disorders by speech analysis.
Digital Assets: South Korean Court Issues Arrest Warrant For Terraform Founder Do Kwon
A Reuters report said a South Korean court has issued an arrest warrant for Do Kwon, the founder of Terraform Labs, which promoted the UST stablecoin. A text message from the Financial Crimes Unit of the Supreme Prosecutors Office (cited by Bloomberg) said the warrant included five additional persons. The accused allegedly violated the Capital Markets Act.
Artificial Intelligence: Researchers At Taiwan University Develop AI System To Detect Pancreatic Cancer
A team of researchers at the National Taiwan University has trained an AI system on hundreds of examples of tumours in the pancreas to teach it to recognise pancreatic cancer, one of the most deadly types of the disease after lung and colorectal cancers. According to the American Cancer Society, pancreatic cancer could kill over 49,000 people in 2022. Significantly, annually, only about a fifth of patients live for a year after diagnosis.
Alternative Investments/Digital: WisdomTree Offers Blockchain UCITS ETF
The WisdomTree Blockchain UCITS ETF (WBLK), which tracks the WisdomTree Blockchain index, offers exposure to companies with a primary focus on blockchain and crypto technologies. Launched in Europe, the ETF trades on the Deutsche Boerse and Borsa Italiana and will also list on the London Stock Exchange on 14 September.
Alternative Investments/ESG: Thematic ETF From Global X Targets Disruptive Materials
Global X ETFs has launched the Global X Disruptive Materials UCITS ETF, which will invest in companies with operations linked to any of the following ten disruptive materials categories: Carbon fiber, cobalt, copper, graphene & graphite, lithium, manganese, nickel, platinum & palladium, rare earth elements, and zinc.
Alternative Investments/ESG: Invesco Launches ETFs For Exposure To Wind Energy And Hydrogen
Invesco has launched the Invesco Wind Energy UCITS ETF and Invesco Hydrogen Economy UCITS ETF in advancement of the thesis that the sharp rise in fossil-sourced energy costs adds to the rationale for renewable energy, even beyond environmental concerns.
Digital Assets: Starbucks Unveils ‘Odyssey,’ A New Web3 Application, With Polygon
Starbucks Odyssey is a rewards program that will combine the digital technologies of the blockchain, NFTs, and Web3. Global coffee chain Starbucks (NASDAQ: SBUX) and Polygon “will offer Starbucks Rewards members and Starbucks partners (employees) in the United States the opportunity to earn and purchase digital collectible assets that will unlock access to new benefits and immersive coffee experiences,” said an announcement.
Artificial Intelligence: Pentagon Using AI And Sea Drones (USVs) To Patrol Gulf Waters
The Pentagon has, for the past year, used unmanned surface vehicles (USVs) or sea drones and artificial intelligence (AI) in the seas around the Arabian peninsula, to collect data and images that are transmitted for analysis to data collection centres in the Gulf.
FinTech: JPMorgan Acquires Payments Fintech Renovite
J.P. Morgan (NYSE: JPM) has taken another step towards further enhancing its payments technology and to build out its next-generation merchant acquiring platform. The banking giant announced the acquisition of Renovite, a payments fintech offering a high-tech suite of payment solutions, for an undisclosed amount.
Alternative Investments/ESG: JP Morgan Launches New Active, Thematic, Sustainable ETFs
JPMorgan Asset Management has launched the JPMorgan Sustainable Consumption ETF (CIRC), JPMorgan Social Advancement ETF (UPWD), and JPMorgan Sustainable Infrastructure ETF (BLLD), expanding its offering of active sustainable thematic ETFs. The three new PDFs address major trends developing in the future, offering clients access to alpha opportunities across a range of themes.
Venture Capital: Private Chinese Satellite Internet Startup GalaxySpace Valued At $1.58B In New Funding
Chinese satellite internet startup Galaxyspace, which was founded in 2016, now commands a valuation of $1.58 billion after a recent funding round led by CCB International, an investment vehicle belonging to China Construction Bank Corporation, one of China’s big four banks, along with Anhui Sanzhongyichuang Industry Development Fund, Hefei Industry Investment and Sincere Fund. Existing investors Legend Capital and Chaos Investment also participated.
Digital Assets: Rich Pickings For Distressed Asset Investor Who Picked Up Mt. Gox Claims In 2017
The collapse of crypto exchange Mt. Gox in 2017 spelt opportunity for Thomas Braziel, a distressed asset investor and son of two insolvency lawyers. He raised $1 million from a family office and scooped up about 4,000 bitcoins worth of claims from customers of the exchange, which lost 850,000 bitcoins in a hack that forced it into bankruptcy in 2014.
FinTech: Home Improvement Retailer Lowe’s Ties With Instacart For Same Day Delivery
Lowe’s (NYSE: LOW) is now offering same day and scheduled delivery, even for large items weighing up to 60 pounds, through the Instacart App. This fall, holidays will be even more memorable with items such as small Halloween inflatables, fire pit essentials and even small portable grills landing up at home with a few clicks on the App.
Venture Capital: Blockchain And Web3 Infrastructure Developer Mysten Labs Nabs $300M Series B
Mysten Labs, a developer of the Sui blockchain network and creator of infrastructure for Web3, announced an initial close of $300 million series B funding round led by FTX Ventures. The round valued the startup at more than $2 billion.
Digital Assets: Bitcoin May Drop To $10K, Says Analyst Who Correctly Called 2018 Bottom
According to the analyst, Decentrader’s Filbfilb, the upcoming winter in Europe amidst a severe energy crisis could escalate into a major emergency in 2023 and take a toll on risk assets including bitcoin.
Artificial Intelligence: NetDragon Websoft, A Chinese Tech Company, Appoints A Virtual Humanoid Robot As CEO
NetDragon Websoft Holdings Limited (HKG: 0777), a listed Chinese company with global internet operations, has appointed Ms Tang Yu, an AI powered virtual humanoid robot, as the rotating CEO of its subsidiary Fujian NetDragon Websoft Co., Ltd.
Artificial Intelligence: National Grid Uses AI And Satellite Imagery To Save Costs On Pruning Vegetation
National Grid has save as much as $2 million on its vegetation management costs after deployment of AiDash’s dashboard that uses AI and satellite imagery to home in on problems such as overgrowing trees, power lines and circuits.
FinTech: Mike Cagney-Led Figure Tech To Offer Banking-As-A-Service Via New Subsidiary
Figure Technologies, which is led by CEO and co-founder Mike Cagney, announced it will offer Banking As A Service (BaaS) through Figure Payments Corp, a subsidiary to be known as Figure Pay. Figure Pay, a scalable and rapidly deployable API-driven platform, offers two alternatives – one focused on fintech, non-banks, and retailers, and the other for banks.
Digital Assets: El Salvador President Nayib Bukele Gets Flak From Media For Bitcoin Catastrophe
El Salvador President Nayib Bukele has been roundly criticized by the media on the first anniversary of the adoption of bitcoin as legal tender in the country. In view of the prolonged slump in the value of bitcoin after its life high in November 2021, it is understandable that the government chose to be reticent on the occasion. Not so the media, which was critical of the exercise, masterminded by Bukele.