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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: Cardiologs’ AI Model Trumps Apple Watch On ECGs
Paris-based Cardiologs, which specializes in AI-enabled cardiology diagnostics, announced Tuesday that a clinical study proved its deep learning AI outperformed the Apple Watch ECG algorithm in the detection of atrial arrhythmias (AA), which are related to stroke risks.
FinTech: Upgrade Valued At $6.28B In $280M Series F Round
Fintech Upgrade announced its $280 million Series F round led by Coatue Management and DST Global. Dragoneer Investment Group and existing investors including Gopher Asset Management, G-Squared, Koch Disruptive Technologies, Old Well Partners, Ribbit Capital, Sands Capital, Ventura Capital and Vy Capital also participated in the round.
Venture Capital: Online Wholesale Marketplace Faire Nabs $400M At $12.4B Valuation
Faire, a wholesale ecommerce platform that serves as a bridge between independent brands and small business owners looking for affordable merchandise, announced its $400 million Series G raise co-led by investors Durable Capital Partners LP, D1 Capital Partners, and Dragoneer Investment Group.
Alternative Investments: Amplify Plans ETF Targeting ‘Inflation Beneficiaries’ Including Cryptos
Amplify ETFs has filed for the launch of the Amplify Enhanced Inflation Beneficiaries ETF, which will provide investors exposure to businesses that benefit from inflationary pressures, such as companies whose revenues are expected to increase with rising consumer demand for land, increased rental income or higher raw-materials prices.
Digital Assets: Crypto-Native VC Firm Paradigm Launches $2.5B Fund
Investment firm Paradigm believes that while the internet set the stage for innovation in the previous decades, crypto will define the next few ones. Accordingly, it invests in promising crypto companies, protocols and currencies of tomorrow. Its humongous new $2.5 billion venture fund, announced Monday, will invest in next-gen crypto companies and protocols, alongside the existing flagship fund.
Artificial Intelligence: AI-Powered Shopping Carts Under Trial At Albertsons Stores
An Albertsons (NYSE: ACI) store at Eagle, Idaho, is going all out to enhance the in-store experience for its shoppers by providing smart shopping carts made by Seattle-based startup Veeve. By equipping carts with enhanced features such as cameras, an interaction screen, even a weighing scale, they hope to make shopping in the store faster, easier and more efficient.
Digital Assets: Marathon Digital To Raise $500M Debt To Fund Mining Rigs And Bitcoin
Marathon Digital (NASDAQ: MARA) announced today plans to offer convertible senior notes amounting $500 million to qualified institutional buyers in a private offering. The crypto mining company said it intended to use the net proceeds from the offering for corporate purposes including to acquire bitcoin, or bitcoin mining machines. The notes will be due 2026 and will accrue interest payable semi-annually in arrears.
Venture Capital: Bioenergy Devco Raises $100M For Sustainable Organic Waste Recycling
Bioenergy Devco last week raised $100 million from funds managed by alternative investment manager Irradiant Partners, a firm which specializes in climate infrastructure, private equity and credit. Bioenergy Devco creates renewable, carbon-negative energy by recycling organic waste using its proven anaerobic digestion technology.
Alternative Investments: Yieldstreet Launches Art Equity Fund To Democratize Ownership Of Fine Art
Yieldstreet, the multi-asset platform for alternative investments, announced the launch of its new fund, the Art Equity Fund. The new fund is a precursor to a series of new funds that will allow retail investors the opportunity to enjoy fractional ownership in a portfolio of prominent physical art works. The Art Equity Fund will own a portfolio of artworks by Post-War and Contemporary artists, Keith Haring, George Condo and Kenny Scharf.
Artificial Intelligence: AI Analyzes How Spiders Construct Their Webs
Researchers at the Krieger School at John Hopkins University used night vision and AI to unravel the secret methods that spiders use to create their webs in the dark. Their findings are due to publish in the November issue of Current Biology.
Digital Assets: The SEC Turns Down VanEck’s Application For A Spot Bitcoin ETF
On Friday, the SEC gave a thumbs-down signal to a spot bitcoin ETF from VanEck. The regulator told the Cboe BZX exchange that its filing for a proposed rule change to list the VanEck ETF did not meet “its burden under the Exchange Act and the Commission’s Rules of Practice to demonstrate that its proposal is consistent with the requirements of Exchange Act Section 6 (b) (5).”
Venture Capital: Swedish Battery Startup Northvolt Produces Lithium-Ion Battery Using Recycled Materials
What will happen to the approximately 250,000 tons of batteries that will reach their end-of-life in Europe alone by 2030? Swedish battery startup Northvolt has the answer: recycle them. Northvolt announced today the successful production of its first battery cell made of 100% recycled nickel, manganese and cobalt.
Venture Capital: Indonesian Tech Super App GoTo Lands $1.3B In Pre-IPO Funding
Indonesian tech giant GoTo, the product of a merger between ride-hailing-to-payments firm Gojek and e-commerce leader Tokopedia, now has a range of businesses across e-commerce, ride-hailing and financial services in the world’s fourth most populous country. It announced Thursday its raise of more than US$1.3 billion in a pre-IPO round led by the ABU Dhabi Investment Authority.
Alternative Investments/Real Estate: Goldman Sachs Rolls Out Sustainable Real Estate ETF
The fund manager launches a trio of new ETFs aimed at disruptive investing; one of them is themed on sustainable real estate and infrastructure. Goldman Sachs Asset Management (GSAM) launched this week the Goldman Sachs Future Consumer Equity ETF (NYSEARCA: GBUY), the Goldman Sachs Future Health Care Equity ETF (NYSEARCA: GDOC) and the Goldman Sachs…
Alternative Investments/ESG: VanEck Targets Energy Transition, Launches New Green Metals ETF
VanEck launched Thursday a new ETF focused on ‘green metals.’ The VanEck Green Metals ETF (NYSEARCA: GMET) will invest in companies whose businesses focus on metals including copper, cobalt, lithium, nickel, zinc and rare earths metals, which are essential for clean energy technology as well as lithium batteries.
Artificial Intelligence: The Flip Side To AI – For Zillow And Eyebobs, In $
Zillow Offers, the AI-powered service from Zillow (NASDAQ: ZG), was designed to make selling a home less stressful, generate automatic home-buying offers using its AI-powered Zestimate feature to evaluate a home, and transfer a cash payment within a few days. Unfortunately, Zillow has shut down the Zillow Offers business after having to write down its home inventory by $304 million, ostensibly because it overpaid for it.
Digital Assets: JD.com Accepts China’s CBDC On Singles Day
Singles Day is the biggest shopping event in the world, and the move by JD.com (NASDAQ: JD) to accept the e-CNY as payment for purchases on its platform shows how advanced China’s trialling of its Central Bank Digital Currency (CBDC) is. Clearly the authorities want to test out the e-CNY in a large-scale transaction environment.
Venture Capital: Crowdfunded Ecologi Plants Trees In Return For Your Subscription
Ecologi, which exhorts you to become climate-friendly for less than $2.75 a week, is a platform for climate action, helping individuals, families and businesses become carbon-positive for a subscription. Subscribers can fund carbon reduction projects to offset their footprint and also grow their own virtual forests.
FinTech: Indian Agtech Arya.ag Launches BNPL For Agri-Produce Buyers
Arya.ag is an Indian agtech that provides post-harvest services across the agricultural value chain, including warehousing, warehouse receipt financing, rural storage discovery, collateral management and market linkages. The firm has launched a BNPL service for its commodity buyers.
Alternative Investments/ESG: iShares Launches ESG Corporate Bond ETF
The fund manager has expanded its range of sustainable products with the launch of new fixed income and low volatility ETFs. On Wednesday, iShares launched the iShares ESG Advanced Investment Grade Corporate Bond ETF (ELQD), which tracks the iBoxx MSCI ESG Advanced USD Liquid Investment Grade Index and carries an expense ratio of 0.18%. (ETF…
Artificial Intelligence: AI Chipmaker Cerebras Scores $250M Series F Round
Cerebras Systems, which is building a new class of computers to accelerate artificial intelligence work by orders of magnitude beyond what is currently possible, announced Wednesday its close of a $250 million Series F round led by Alpha Wave Ventures along with Abu Dhabi Growth Fund (ADG). Other bulge bracket investors included Altimeter Capital, Benchmark Capital, Coatue Management, Eclipse Ventures, Moore Strategic Ventures, and VY Capital.
Digital Assets: US Inflation Hits Record; So Do Bitcoin And Ether
Bitcoin and ether rocketed to new all-time highs on Tuesday after the release of October inflation data. Figures from the US Labor Department showed that in October consumers were hit by high prices in a host of everyday products, propelling the Consumer Price Index, a measure of inflation, to jump the most in 30 years.
Alternative Investments/Digital: New ETF From Tuttle Capital Bets Against Cathie Wood And Ark
The Tuttle Capital Short Innovation ETF (NASDAQ: SARK), which started for trading Tuesday, takes a contrarian view on famed stock picker and fund manager Cathie Wood’s flagship fund – the ARK Innovation ETF (NYSEARCA: ARKK). The new ETF, a type of fund also known as a “short” or “inverse” ETF, is actively managed and is structured to achieve the inverse of the return of the ARK ETF in a single day.
FinTech: MFS Africa Raises $100M To Make Payments As Easy As Calls
MFS Africa announced today its $ 100 million Series C fundraising for a massive expansion across Africa. The funding, a mix of $70 million in equity and $30 million in debt, was co-led by private equity fund and new investor AfricInvest along with existing investors Goodwell Investments and LUN Partners Group.