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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: Israeli Startups ASTERRA, Albo Climate Use Satellites And AI To Hunt For Lithium And Carbon
Satellite sensors are delivering valuable data to Israeli startups for analysis with AI to obtain insights on the extent of absorption of carbon on land, as well as locate valuable deposits of lithium that would otherwise be difficult to find and damaging to the environment.
Venture Capital: Andreessen Horowitz Invests $350M In Adam Neumann’s Rental Real Estate Startup
Andreessen Horowitz, also known as “a16z,” and usually described as the storied venture capitalist firm from Silicon Valley, announced Monday its $350 million investment in Flow, a rental real estate startup founded by Adam Neumann, of WeWork fame. The investment, said to be the largest individual cheque Andreessen Horowitz has ever written in a round of funding to a company, valued Flow at $1 billion, even though it is expected to launch only in 2023.
Digital Assets: Skybridge Capital’s Scaramucci Says Bitcoin Could Experience A “Demand Shock”
Anthony Scaramucci, of Skybridge Capital, said on a CNBC interview that the long-term fundamentals of bitcoin remained robust, more so due to recent developments on the institutional side. “Everybody is a long-term investor until they have short term losses,” he observed. Two factors could affect institutional activity in bitcoin and trigger a demand shock for the crypto.
FinTech: Brazilian Fintech Hash Fires Dozens, May Shut Shop
Hash, a Brazilian fintech focused on white-label payments infrastructure, has handed out pink slips to “dozens” of employees and is slowly winding up its operations, according to Reuters. Sources told Reuters that the company’s talks to raise more capital from Softbank Group’s Latin America fund had proved inconclusive.
Venture Capital: E.ON To Be Anchor Investor In Its Venture Arm’s Climate Tech Fund
Future Energy Ventures, the venture arm of Germany head-quartered electric utility E.ON SE (ETR: EOAN), has established a new, independent Luxembourg-domiciled venture capital fund, Future Energy Ventures Fund I SCA SICAV-RAIF. The new fund aims to become Europe’s leading venture capital investor focused on the energy transition and will invest Series A and B investments in ventures that aim to transform the traditional energy value chain towards net zero.
Alternative Investments/ESG: HSBC Launches First-Of-Its-Kind Biodiversity Screened ETF
HSBC Asset Management has launched the HSBC World ESG Biodiversity Screened Equity UCITS ETF (HBDV) on the London Stock Exchange with a total expense ratio (TER) of 0.35%. The ETF is labelled Article 8 under the Sustainable Finance Disclosure Regulation (SFDR).
Artificial Intelligence: Hyundai Motor Group, Boston Dynamics To Spend $400M On AI +Robotics Institute
Hyundai Motor Group (KRX: 005380), along with its majority-owned Boston Dynamics robotics unit, will invest $400 million to set up the Boston Dynamics AI Institute, to be led by Marc Raibert, founder of Boston Dynamics. The Institute will focus on solving the most important and difficult challenges facing the creation of advanced robots.
FinTech: India’s PayTM Gets Heat From Proxy Advisory Firm
Proxy advisory firm Institutional Investor Advisory Services India Ltd. (IiAS) has issued a note ahead of PayTM’s (NSE: PAYTM) annual shareholders’ meeting on August 19 calling for the replacement of Sharma by a professional.
Venture Capital: Lockheed’s Venture Arm To Boost Investment In Space Startups
Lockheed Martin (NYSE: LMT) and its venture finance arm Lockheed Martin Ventures plans to boost the latter’s investment outlay from $200 million to $400 million.
Digital Assets: Brazilian Fintech PicPay Launches Crypto Exchange With Paxos
PicPay, the well-known Brazilian payment app, has got its shoe in the crypto door in partnership with Paxos, a leading regulated blockchain infrastructure company. Picpay is opening crypto trading services for its over 30 million customers and Paxos will manage the trading and custody of the digital assets. To be opened up gradually, the crypto service will initially cover bitcoin, ethereum and USDP, the regulated dollar-backed stablecoin from Paxos.
FinTech: Telecom Behemoth BT Adds Barclaycard Payments To Partnership Network For Micro-Businesses
BT (LON: BT.A), the telecom major, announced that Barclaycard Payments had joined its partnership network seeking to help the growth of UK microbusinesses. BT customers with 0-5 employees would get extra benefits across broadband, mobile, connected devices, and digital marketing.
Alternative Investments/AI: Direxion Launches A Leveraged Electric And Autonomous Vehicle ETF
The Direxion ETF provides 200% exposure to the electric and autonomous vehicles industry. ETF issuer Direxion announced the launch of the Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares ETF (EVAV) that benchmarks 200% of the daily performance of the Indxx US Electric and Autonomous Vehicles Index. Accordingly, it invests in 25 U.S.-listed companies…
Alternative Investments: Direxion Launches Four Single Stock Leveraged ETFs Including Inverse 1X Apple And Tesla
As single stock ETFs roll out thick and fast, Direxion jumped on the bandwagon with the launch of its first four single stock leveraged and inverse ETFs. The funds, which trade on the Nasdaq, allow sophisticated traders to obtain magnified or inverse exposure to the daily performance of the common stocks of Apple (NASDAQ: AAPL) and Tesla (NASDAQ: TSLA).
Artificial Intelligence: Xiaomi Unveils A 177 Cm Tall Humanoid Robot That Can Walk Holding 1.5 Kg In One Hand
Xiaomi’s (HKG: 1810) choice of launch date of CyberOne was strategically a day ahead of Tesla’s (NASDAQ: TSLA) AI Day. Xiaomi Group Founder, Chairman, and CEO Lei Jun shared details of the robot in a blog on Thursday.
FinTech: Banking Solutions Provider Q2 And Rocket Mortgage Tie Up To Offer Home Loan Digitization To Banks
Q2 Holdings (NYSE: QTWO) and Rocket Mortgage announce a partnership to offer Q2 banks and credit unions Rocket Mortgage’s digital home loan application experience, with live mortgage assistance, inside of Q2’s online banking platform.
Digital Assets: BlackRock Makes Another Move To Woo Institutional Crypto Clients, Forms Private Trust For Bitcoin
BlackRock (NYSE: BLK) announced today a private trust that would offer institutional clients direct exposure to bitcoin, despite a pervasive bearish sentiment gripping the crypto assets market since it topped out in November, and recent high profile failures of major market players.
Alternative Investments/ESG: An “Anti-ESG” ETF, Backed By Thiel And Ackmann, To Gun For Fossil Investing
Strive Asset Management announced the launch of the Strive US Energy ETF (NYSE: $DRLL) which seeks to take advantage of a likely bull run in US energy stocks from an unfolding demand-supply imbalance in the global energy markets. Taking an anti-ESG stance, the ETF will mandate U.S. energy companies to reject shortsighted political agendas and to focus on long-term profitability, including through increased investment in oil and gas production.
Artificial Intelligence: Visionary.ai’s AI Software Enhances Image Quality In Real Time
Visionary.ai, an Israeli startup has made it its mission to overcome the limitations posed on image quality due to poor lighting conditions, such as low light, high dynamic range (such as when a person is silhouetted against a bright background), heavy rain, fog, increased motion, and sudden changes in intensity, like flashing headlights. Traditional, hardware-based image signal processors are unable to produce the desired image quality in these circumstances.
Digital Assets: Ripple Labs Eyeing Pieces Of Celsius In Bankruptcy Wreckage
Ripple Labs, the blockchain payments company that created the XRP cryptocurrency, is interested in purchasing assets of Celsius Network, the crypto lender that was forced into bankruptcy amidst the meltdown in the crypto assets market. Ripple itself is engaged in a high stakes legal battle with the SEC which has charged the company and executives for conducting a $1.3 billion unregistered securities offering by selling XRP.
FinTech: German Bank Nuri Files For Insolvency Amidst Macro Environment And Crypto Bear Market
Nuri, a digital banking platform and app, offered users crypto transactions as well as normal banking activities including a debit card. The firm announced it had filed for insolvency on August 9, 2022 in view of a “lasting strain” on the liquidity of its business amidst “significant macroeconomic headwinds and the cooling down of public and private capital markets,” as well as a crypto bear market.
Artificial Intelligence: AI Robot TX SCARA To Debut In 300 FamilyMart Stores In Japan
Telexistence Inc., the Japanese robotics company, announced the launch of its TX SCARA restocking robots in 300 FamilyMart convenience stores in Japan later this month as part of its AI-based “robot-as-a-service” for grocery retailers.
Alternative Investments/Digital: GraniteShares Launches The First Coinbase Leveraged ETF
US ETF issuer GraniteShares, which first launched leveraged ETFs on single stocks in the UK in 2019, and now offers 106 such products across Europe, has listed a suite of short and leveraged single stock Exchange Traded Funds (ETFs) on the NASDAQ Stock Exchange.
Alternative Investments/Digital/ESG: SoFi Launches Web3 And Smart Energy ETFs
SoFi Invest, the investing and trading arm of SoFi Technologies, announced the launch of two new ETFs, SoFi Web 32 (NASDAQ: TWEB) and SoFi Smart Energy (NYSE: ENRG) that provide exposure to two of the world’s fastest-growing industries.
FinTech: Lord Philip Hammond, Former UK Chancellor, To Join New £1B Fund
A host of luminaries have been roped in to lend their weight to a new £1 billion fund that is envisioned to boost the growth of the UK’s promising fintechs. According to SkyNews, Lord Hammond (pictured above) will join the advisory board of the new fund, the Fintech Growth Fund.