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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/Digital: Encouraged By BITO, Grayscale Files To Convert GBTC Into An ETF
Grayscale Investments LLC, together with the NYSE, has filed with the SEC to convert the Grayscale Bitcoin Trust (GBTC) into a physical bitcoin ETF. They applied on the same day that the first bitcoin futures ETF, the ProShares Bitcoin Strategy ETF (NYSEArca: BITO) opened for trading.
Digital Assets: Interactive Brokers Launches Crypto Trading For Financial Advisers In The U.S.
Interactive Brokers (NASDAQ: IB) has launched a crypto trading service for RIAs to manage clients’ crypto portfolios. Advisers can now trade and custody bitcoin (BTC), ethereum (ETH), litecoin (LTC) and bitcoin cash (BCH) via Paxos Trust Company on behalf of clients. These crypto assets can be traded off the same, single screen that displays stocks, options, futures, bonds, mutual funds and ETFs from all over the world.
FinTech: German Fintech And Banking Challenger N26 Raises $900M At $9B Valuation
N26 GmbH, the German fintech that is challenging banks on their turf, announced Monday a raise of over $900 million in a round led by Third Point Ventures and Coatue Management, with participation by Dragoneer Investment Group as well as existing N26 investors. N26 said the “record-breaking” round valued it at more than $9 billion, placing it within the top 20 global fintechs, and the most valuable one in Germany.
Venture Capital: Delivery Hero Takes $235M Chunk Of Gorillas’ $1B Funding Round
Delivery Hero now owns about 8% of Gorillas. Delivery Hero (ETR: DHER), which is headquartered in Berlin, Germany and offers its local delivery services in over 50 countries around the globe, announced today its investment of US$235 million in the Berlin-based on-demand delivery start-up Gorillas Technologies via the latter’s series C funding round. Delivery Hero…
Artificial Intelligence: Roche And Ibex To Collaborate On AI-Based Digital Pathology
Roche (SWX: RO), the global giant in pharmaceuticals and diagnostics, and Ibex Medical Analytics, a global leader in artificial intelligence (AI)-based cancer diagnostics, will collaborate on the development of AI-based digital pathology tools.
Venture Capital: Remote Hiring Platform Deel Nets $425M Series D
Remote and international hiring startup Deel has raised $425 million in a Series D round led by Coatue with participation from Altimeter Capital, Andreessen Horowitz, Spark Capital, and other investors.
FinTech: Virgin Money Offers Free ESG-Tracking App And Sustainability Loans To UK Businesses
The Virgin Money Sustainability Business Coach is a free app available to all UK businesses, not just Virgin Money customers, designed to help them with sustainability goals by measuring, tracking, and offering guidance on improving their Environmental, Social, and Governance (ESG) credentials.
Artificial Intelligence: Duke Scientist Cynthia Rudin Wins $1M Prize For Socially Responsible AI
Duke University computer scientist Cynthia Rudin has been awarded the AAAI Squirrel AI Award for Artificial Intelligence for the Benefit of Humanity. She becomes the second recipient of the $1 million award. It recognizes her for “pioneering scientific work in the area of interpretable and transparent AI systems in real-world deployments, the advocacy for these features in highly sensitive areas such as social justice and medical diagnosis, and serving as a role model for researchers and practitioners.”
Alternative Investments/Digital: Bitcoin Futures ETF From ProShares To Start Trading Tomorrow On The NYSE [Updated]
By a notice on Form 8-A dated October 15 the US SEC has notified registration of the ProShares Bitcoin Strategy ETF for trading on the NYSEArca Exchange. The notice referred to a post-effective amendment number 238 filed on the same date by ProShares in Form N-1A that states the approximate date of the proposed public offering as October 18, 2021.
FinTech: AeroPay And Jane Tie-Up To Offer Online Payments For Cannabis
AeroPay and Jane Technologies announced Thursday a partnership to enable online payments via AeroPay across 36 U.S. state markets where cannabis is legal. More than 2,100 dispensaries and 300 companies sell through Jane’s online platform.
Digital Assets: BoE Official Likens Crypto To Subprime, Warns Of 2008-Like Crash
In a speech on Wednesday, Jon Cunliffe of the Bank of England called for tough regulations on cryptocurrencies, drawing a parallel between the $1.2 trillion subprime mortgage market in 2008 and the growth of the crypto market from a mere $16 billion five years ago to its $2.3 trillion capitalization today.
Venture Capital: TPG Rise Climate And ADQ To Invest $1B In Indian Group Tatas’ EV Unit
Tata Motors (NSE: TATAMOTORS), the automobile company of the Tatas, the Indian salt-to-airlines business conglomerate, will receive an investment of approximately $1 billion from TPG’s Rise Climate Fund and Abu Dhabi state holding company ADQ in a new EV entity. Tata Motors will invest over $2 billion in the unit.
Alternative Investments/Digital: Bitcoin Spikes In Anticipation Of SEC’s Clearance Of Bitcoin ETF
Bitcoin, the leading cryptocurrency, is within handshaking distance of its April all-time high of $64,895 after spiking over the last 24 hours on rising market expectations of an imminent SEC approval for a futures-based bitcoin ETF.
Artificial Intelligence: Criminals AI-Cloned Director’s Voice To Pull Off $35M Heist In The U.A.E.
In an eerily similar replay of a 2019 incident in which the CEO of a UK-based energy company transferred €220,000 (then about US$243,000) based on a telephonic instruction from a person that sounded like his boss, a UAE bank manager in 2020 paid out $35 million based on deep-faked, AI-cloned calls that he believed were from a client’s CEO.
Digital Assets: MintGreen’s Bitcoin Mining To Heat The City Of North Vancouver
MintGreen, a Canadian cleantech cryptocurrency miner, will supply 2022 its proprietary digital boilers to Lonsdale Energy Corporation, North Vancouver’s district energy utility. These boilers recover more than 96% of the electricity used for bitcoin mining in the form of heat energy. This heat would be delivered to the 100 residential and commercial buildings in North Vancouver, a city that is on a mission to decarbonize and transit away from natural gas.
Alternative Investments/Digital: Cathie Wood’s ARK Invest Partners With 21Shares For Bitcoin Futures ETF
Cathie Wood’s ARK Invest has lent its brand name to the ARK 21Shares Bitcoin Futures Strategy ETF which will trade under the ticker symbol ARKA on the CBOE BZX Exchange, according to a filing Wednesday. While Philadelphia-based, white-label ETF issuer Alpha Architect will act as adviser to the ETF, cryptocurrency asset manager 21Shares will be sub-adviser. ARK will lend marketing support.
FinTech: Standard Chartered Forays Into Asian BNPL With Atome
Standard Chartered Bank (LON: STAN) has dipped its toes into Asian BNPL waters and signed a 10-year collaboration on financial services with Singapore’s Atome Financial, a unit of the Advance Intelligence Group. The Bank is making an equity investment in Atome, a BNPL platform focused on markets in Southeast Asia, as well as in Indonesian digital lending platform Kredit Pintar. It will also provide $500 million in financing to Atome.
Digital Assets: Cipher Mining Commits $350M To Large Purchase Order of Mining Rigs
U.S. bitcoin miner Cipher Mining (NASDAQ: CIFR) announced this week its agreement with Bitfury Top HoldCo B.V. to purchase 4,000 to 8,000 Bitfury next generation mining rigs on a monthly basis between June and December 2022.
Venture Capital: Crypto Lending Platform Celsius Network Raises $400M
The transaction values the company at more than $3 billion. Celsius Network, the platform founded by Alex Mashinsky for borrowing and lending crypto, announced its raise of $400 million led by WestCap, a growth equity firm, and Caisse de dépôt et placement du Québec (CDPQ), the Canadian pension fund. (CISION PRNewswire) The investors were undeterred…
Artificial Intelligence: AI Recreates Hidden Nude Portrait In A Picasso Painting
At the Deeep Ai Art Fair in Shoreditch, East London, hangs a 3-D printed, AI-generated canvas depicting a nude woman painted by Pablo Picasso. The image, now dubbed The Lonesome Crouching Nude, is an AI-rendered work created by Oxia Palus from a work hidden beneath the oil paint of Picasso’s The Blind Man’s Meal (1903). The ghostly nude woman, which had been painted over by Picasso, was originally discovered in 2010 using superimposed X-ray fluorescence (XRF) imaging.
Alternative Investments/Digital: BetaShares To Soon Launch Crypto ETF On The ASX
BetaShares is to launch the BetaShares Crypto Innovators ETF (ASX: CRYP) on the ASX. The fund will track the Bitwise Crypto Industry Innovators Index (BITQ).
Digital Assets: Binance Smart Chain Launches $1B Growth Fund For Blockchain Development And Adoption
The fund will invest in the development of an ecosystem for the Binance Smart Chain. Binance, the world’s largest crypto exchange and creator of the Binance Smart Chain (BSC), has announced a $1 billion growth fund to boost adoption of BSC for decentralized applications, or dApps. Describing it as one of the best blockchains for…
FinTech: Lendable Launches $100M Fintech Fund For MSMEs In Emerging And Frontier Countries
Lendable Inc, a fintech that provides credit to fintechs in emerging markets, announced Tuesday the launch of a $100 million closed-ended fund focused on emerging and frontier market fintech investments. The fund would provide credit to African and Asian fintech companies, who in turn offer fair credit facilities to over 150,000 Micro, Small, and Medium Enterprises (MSMEs).
Artificial Intelligence: IBM Launches Environmental Intelligence Suite
IBM (NYSE: IBM) has launched an Environmental Intelligence Suite, software that is a combination of AI, weather data, climate risk analytics, and carbon accounting capabilities. The suite helps organizations assess the climate impact of their own operations, assists in regulatory compliance, and to monitor for severe weather, wildfires, and air quality.