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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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Alternative Investments/ESG: Chimera Capital Launches Shariah Turkish Equity ETF
The Chimera S&P Turkey Shariah ETF seeks to invest in the most liquid Shariah-complaint stocks listed on the Borsa Istanbul. Launched by Chimera Capital, an Abu-Dhabi-based investment management firm and subsidiary of Chimera Investment, the ETF tracks the performance of the S&P Turkey Shariah Liquid 35/20 Capped Index (Bloomberg: SPTSLCAP), provided by S&P Dow Jones Indices.
Venture Capital: Warehouse Robots Maker Geek+Raises $100M Series E1
Geek+, a Beijing-based maker of robotics for storage, picking, and sorting in warehouses, as well as material handling robots and unmanned forklifts for manufacturing, announced a new, $100 million series E1 funding series which included investment by Intel Capital, Vertex Growth, and Qingyue Capital Investment. (CISION PR Newswire)
Digital Assets: Singapore-Based Hodlnaut Suspends Withdrawals Amidst Crypto Downturn
Singapore-based crypto lender Hodlnaut has frozen withdrawals, swaps and deposits following an apparent liquidity crunch it attributed to “recent market conditions” and an intention to “focus on stabilising our liquidity and preserving assets.”
Artificial Intelligence: The FDA Clears ProstatID, An AI That Helps Detect Prostate Cancer From MRIs
Bot Image has developed an AI tool called ProstatID that combines AI with MRI scans to improve the detection and diagnosis of prostate cancer. According to Cancer.Net, prostate cancer is the most common cancer among men, except for skin cancer. This year, an estimated 268,490 men in the United States will be diagnosed with prostate cancer.
Digital Assets: Voyager Customers Can Soon Withdraw Dollar Balances
Voyager Digital (TSE: VOYG), the crypto lender currently in bankruptcy proceedings said Friday it had received permission from the court to restore access to customers for their cash held by the company at Metropolitan Commercial Bank (NYSE: MCB).
Artificial Intelligence: Baidu Gets Green Signal To Operate Robotaxis Without A Human Driver
Baidu Inc (NASDAQ: BIDU) announced today it had become the first and only company to offer fully driverless robotaxi services to the public in China, without human drivers in the car. Apollo Go, Baidu’s autonomous ride-hailing service, has been authorized to sell commercial fully driverless robotaxi services to the public on open roads during the daytime in Chongqing and Wuhan, two of China’s largest megacities.
Venture Capital: Softbank’s Vision Fund Posts $21.68B Quarterly Loss Amidst Tech Wreck
The meltdown in technology stocks following hardening interest rates has taken a massive toll from SoftBank (TYO: 9984) and its Softbank Vision Fund, one of the most prolific and high stakes investors in the sector. The Vision Fund’s $21.68 billion loss for the June quarter pushed Softbank into a corporate loss of $23.38 billion.
Venture Capital: Terabase Energy Raises $44M For Automating The Construction Of Utility Scale Solar
Breakthrough Energy Ventures and Prelude Ventures co-led Terabase Energy’s $44 million Series B financing round. SJF Ventures and other existing investors also participated. The funding will advance the company’s digital and robotic automation platform for the development, construction, and operation of utility-scale PV power plants.
Venture Capital: Chinese Biotech Sironax Raises $200M For Age-Related Degenerative Diseases
Sironax, a Beijing-based biotech firm focused on the treatment of patients with age-related degenerative diseases, announced a $200 million Series B funding led by Gaorong Capital and Yunfeng Capital, with participation from existing investors including Temasek, Invus, F-Prime Capital, Eight Roads, ARCH Venture Partners, K2 Venture Partners and lead investors from previous financings.
Digital Assets: Institutional Crypto Clients To Connect Via BlackRock’s Aladdin Platform To Coinbase Prime
Coinbase (NASDAQ: COIN) and BlackRock (NYSE: BLK) have agreed to create new access points for institutional crypto adoption by connecting Coinbase Prime and Aladdin, BlackRock’s end-to-end investment management platform. Coinbase Prime is built for institutions and is a full-service platform to provide them access to crypto markets at scale.
FinTech: Revolut Expands Its UK Crypto List, Adds 22 New Cryptos
Digital challenger bank Revolut has expanded its list of tradeable crypto tokens to 82 by adding 22 new tokens including ApeCoin, Request, Sandbox, and Ethereum Classic.
Alternative Investments/Digital: A Metaverse-Themed ETF From Betashares Debuts On The ASX
The BetaShares Metaverse ETF (ASX: MTAV) has debuted on the ASX on Thursday, August 5, 2022. It is the first Australian ETF providing dedicated exposure to a portfolio of leading global companies that are building, developing and operating the Metaverse.
FinTech: Some Emerging Market Fintechs In Hot Water As Central Banks Crack The Whip
After a months-long investigation, the State Bank of Pakistan (SBP) has ordered Tag, one of the fastest growing startups in the country, to immediately refund all customer funds on grounds of “violations of SBP’s regulatory requirements and other concerns.”
Alternative Investments: The New York State Common Retirement Fund Allocates $3B To Alternatives In June
The monthly transaction report from the $280 billion New York State Common Retirement Fund showed an investment outlay of more than $4 billion in June. Significantly, and in a sign of the times, more than 75% of that was plowed into alternatives such as real estate ($2.2 billion) and private equity funds (over $1 billion).
Artificial Intelligence: Argo AI Appoints A Safety Advisory Council For Its Autonomous Vehicle Technology
Self-driving auto maker Argo AI has set up a panel of outside experts to oversee its efforts to improve the safety image of autonomous vehicles and the deployment of the associated technology. The announcement comes amidst a deteriorating public perception of these vehicles, as well as accidents that call for regulatory guidelines.
Venture Capital: Home Healthcare Company Cera Lands $320M
Dr Ben Maruthappu (pictured) founded Cera in 2016 and since then it’s grown to a team of a;most 10,000 professionals that provides over 40,000+ in-person healthcare visits in homes throughout the UK every day. Cera announced its raise of $320 million in equity and debt funding. The equity round was led by Cera’s existing investor Kairos HQ. However, the identity of the debt provider has not been disclosed.
Digital Assets: Fairfax County Retirement Systems To Invest In Crypto Lending
Crypto lending, or “yield farming” could boost returns at the Fund despite recent debacles such as at Celsius Network. The $6.8 billion Fairfax County Retirement Systems has been cleared by its trustees to commence a kind of investment known as “yield farming,” where the investor owning crypto tokens can lend them out and earn an…
Alternative Investments/Digital Assets: New, Blockchain-Focused ETF From Horizon Kinetics
Horizon Kinetics LLC launched the Blockchain Development ETF (NYSEARCA: BCDF) on August 2. The ETF will invest in companies benefit, either directly or indirectly, from the issuance, facilitation, custody, trading and administration of digital assets, including cryptocurrencies or distributed ledger technology.
Artificial Intelligence: FedEx To Buy 10% Of Robotic Solutions Provider Berkshire Grey
Fedex (NYSE: FDX) and Berkshire Grey (NASDAQ: BGRY) have enhanced their strategic relationship to include the purchase by FedEx of a stake in Berkshire tied to a multi-year commitment to purchase its robotic order fulfilment systems.
Venture Capital: L’ATTITUDE Ventures Raises $100M To Back Latino Startups
L’ATTITUDE Ventures closed its first institutional fund raising on Wednesday, raising over $100 million with an anchor investment from Wall Street titan JPMorgan Chase (NYSE: JPM) and initial investments from Trujillo Group and Bank of America (NYSE: BAC).
FinTech: American Express Launches Global Pay For U.S. Small Businesses
A new digital money transmission solution from American Express (NYSE: AXP) will make life easier for small US businesses grappling with payments to vendors at home and abroad. American Express Global Pay will enable these firms to send payments funded from their business bank account to their suppliers in more than 40 countries, across a range of currencies, via an easy-to-use, mobile-friendly platform.
Artificial Intelligence: Arcelor Mittal Will Use The Iris.ai Platform To Keep On Top Of Patent Research
Arcelor Mittal (AMS: MT) has a patents team housed inside its R&D Department, that carries out ongoing competitive analysis to identify market gaps and patentable solutions as well as monitoring for potential patent infringements. Manually searching and extracting experiment data from documents is a time-consuming and laborious task that can consume around two and a half hours per patent. The steel-maker can slash this to a few minutes using Iris.ai’s Extract tool which has 94% precision, and compares favourably with human extraction precision.
Digital Assets: MicroStrategy Posts Q2 Loss Of $1B; Saylor No Longer CEO
In another fallout of the crypto winter, bitcoin evangelist Michael Saylor, who is currently Chairman & CEO of business intelligence company MicroStrategy (NASDAQ: MSTR), has relinquished his role of CEO with effect from August 8. The organizational change came the same day that the company announced a net loss for the second quarter of $1.062 billion, or $94.01 per share, $93.17 worse than the analyst estimate of ($0.84). The loss was primarily on account of impairment losses of $917.8 million on the company’s bitcoin holdings.
Venture Capital: Hardware Wallet Company Ledger Reportedly Looking To Raise $100M
A Bloomberg report says Ledger, the French crypto wallet maker, is in talks to raise a minimum of $100 million from strategic investors. The company previously raised a $380 million Series C in June 2021 at a valuation exceeding $1.5 billion, and this may not be the best of times to raise financing given the dire state of the digital assets market.