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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: Invesco And Galaxy Digital To Partner On Crypto ETFs
Global asset management firm Invesco (NYSE: IVZ) and Galaxy Digital, (TSE: GLXY), the crypto and digital asset-focused company led by Mike Novogratz, have announced a collaboration for the development of U.S.-listed, physically-backed, digital asset exchange-traded funds.
Artificial Intelligence: Clearview AI Hits Advocacy Groups With Subpoenas
Clearview AI, the facial recognition company that has earned the ire of privacy, human rights, and civil liberties advocacy groups, has subpoenaed internal documents from some of the organizations that first exposed its activities.
Digital Assets: China Bans Cryptocurrency Transactions
China’s regulators came together to impose a blanket ban on all crypto transactions including mining. The leading crypto, bitcoin, fell sharply following the action, and is currently trading at $42,183, down nearly 6%, after touching a low of $40,750.
FinTech: UK-Based Prodigy Finance Lands $750M To Make Student Loans
Prodigy Finance has struck a deal with CPP Investments for funding of $500 million to enable loans to students in new countries including China, Bangladesh and Chile. Applications for loans from international students are up 50% year-on-year. The funding will be offered via CPPIB Credit Investments Inc., CPP’s wholly owned subsidiary.
Venture Capital: Breakthrough Energy Ventures Leads $53M Round In Robotic Agtech Iron Ox
Iron Ox, an agtech startup that advances the cause of producing food sustainably and autonomously using robotics and AI, has raised a $53 million C Series led by new investor Breakthrough Energy Ventures. Breakthrough Energy Ventures is backed by top business leaders including Bill Gates and Jeff Bezos. The round brings the startup’s aggregate funding to $98 million.
Alternative Investments/FinTech: Roundhill To Launch ETF For The “Digital Payment Universe”
Roundhill Investments will soon launch the Roundhill Digital Payments ETF (PAYY) which will invest in companies that are a part of the so-called “digital-payment universe” as defined by the Roundhill Digital Payments Leaders Index.
Artificial Intelligence: FDA Clears AI-Powered Tool From Paige To Detect Prostate Cancer
Paige Prostate – “The first and only AI-based pathology product to receive FDA approval for in vitro diagnostic (IVD) use in detecting cancer in prostate biopsies.” Paige, which was founded in 2017 by Thomas Fuchs, Dr.Sc., David Klimstra, M.D. and colleagues from Memorial Sloan Kettering Cancer Center (MSK), has achieved the distinction of receiving the first ever FDA approval for an AI product in digital pathology.
FinTech: The Klarna-Vivid Seats Tie-Up To Offer Event Tickets On ‘Pay Later’ Basis
Global fintech Klarna and event tickets platform Vivid Seats today announced a partnership to offer a flexible payment facility at checkout to fans buying tickets. The companies are looking forward to a revival in demand for tickets to live, in-person sporting, concert, and entertainment events. A Klarna survey found that 69% of consumers plan to attend in-person events in the next six months and 70% are willing to spend more now than they would have prior to the pandemic to have a memorable in-person entertainment experience.
Digital Assets: UAE Greenlights Crypto Trading In Dubai World Trade Centre Free Zone
On Wednesday, the Dubai World Trade Centre Authority (DWTCA) announced it had signed an agreement with the UAE’s Securities and Commodities Authority (SCA) for the regulation, offering, issuance, listing and trading of crypto assets and related financial activities within DWTCA’s free zone. While the SCA is a regulatory body with oversight of the UAE’s financial markets, the DWTCA is an economic free zone.
Alternative Investments/Real Estate: Hoya Capital Launches High Dividend Yield ETF (RIET)
ETF issuer and investment advisor Hoya Capital Real Estate announced the launch of the Hoya Capital High Dividend Yield ETF, which invests in 100 of the highest dividend-yielding real estate securities in the United States.
Venture Capital: Lithium Extraction Startup Lilac Solutions Announces $150M Series B
Lilac Solutions, a startup developing a lithium extraction technology, announced Wednesday the first close of its $150 million Series B round. Lilac’s ion exchange technology for extraction of lithium from brine is faster to deploy, more efficient, sustainable and financially superior compared to conventional technology.
Artificial Intelligence: AI Finds Potential Drug Treatment For Rare Cancer In Children
A team of scientists, doctors, and data analysts at The Institute of Cancer Research (ICR), London, used AI to achieve a potential breakthrough in the treatment of Diffuse Intrinsic Pontine Glioma (DIPG), a rare and fast-growing type of brain tumor in children. This cancer is difficult to remove surgically because it does not have well-defined borders (is “diffuse”) and therefore, survival rates have not improved for over 50 years.
Alternative Investments/ESG: Four New Climate-Focused ESG ETFs From FlexShares
FlexShares Exchange Traded Funds from Northern Trust Asset Management have launched a new suite of climate-focused ESG ETFs that help investors improve their portfolio’s overall ESG score and reduce carbon risk, while maintaining core equity and fixed-income exposure.
Venture Capital: Mexican Used-Car Platform Kavak Scoops $700M At $8.7B
Mexican used-car platform Kavak said it had raised a $700 million Series E round at a valuation of $ 8.7 billion which more than doubled from its previous funding. The round was led by U.S. venture capital firm General Catalyst, while SoftBank Group Corp, billionaire Peter Thiel’s Founders Fund, Singapore-based gaming and e-commerce company Sea Ltd, Tiger Global, Spruce House, hedge fund D1, and Ribbit Capital also participated.
FinTech: JPMorgan Chase Acquires College Financial Planning Platform Frank
JPMorgan Chase & Co (NYSE: JPM) has acquired Frank, a very popular college financial planning platform for undisclosed terms. Frank enables students to locate, apply and obtain financial aid, find scholarships, and enroll in online courses. According to CNBC, JPMorgan bought up the fintech to enhance relationships with students and their parents.
Digital Assets: Bitcoin Miner Genesis Digital Lands $431M To Expand Operations
Genesis Digital Assets, which runs 2.4% of the bitcoin mining network, has announced a $431 million raise led by Paradigm. Claimed to be the largest ever achieved by a bitcoin mining company, the round also won participation from NYDIG, Stoneridge, FTX, Ribbit, Electric Capital, Skybridge, and Kingsway Capital.
Artificial Intelligence: AI To Help Survey For Endangered Bats Under Bridges
Hundreds of thousands of bats from about 40 species routinely nest under US bridges, and many of them are endangered or threatened. Transportation departments must mandatorily check for them before commencing bridge repairs. It’s a painstaking survey, with clues to the bats’ presence being extracted from their guano, droppings and stains. But AI is making the task easier.
Artificial Intelligence: AI Cameras In Amazon Delivery Vehicles Unfairly Penalize Drivers
Amazon (NASDAQ: AMZN) installed AI-powered cameras in its delivery fleet in February as an investment in safety technology across its operations. The company said at the time the system would provide drivers real-time alerts to help keep them safe on the road. A Los Angeles driver complained to Motherboard, however, that the camera penalized him whenever a car cut him off – a routine occurrence in traffic.
FinTech: Assets, A New Product From Wise, Lets You Spend From Your Stocks Portfolio
Wise (LON: WISE), the UK payments fintech previously known as TransferWise, has taken its first steps into investing solutions. Its Assets product allows users to invest in stocks but also have access to liquidity via a spending limit of up to 97% of the value of the portfolio.
Alternative Investments/ESG: ETFMG Launches Maritime Decarbonization ETF
ETF Managers Group, which created the highly successful Breakwave Dry Bulk Shipping ETF (NYSE: BDRY), has launched a sister ETF – the ETFMG Breakwave Sea Decarbonization Tech ETF (BSEA). The new ETF will give investors exposure to global companies active in fields related to marine or ocean decarbonization.
Digital Assets: Robinhood Testing Crypto Wallet Feature In Its App
Robinhood users will soon get a long-awaited wallet to store their cryptos. Robinhood (NASDAQ: HOOD) users will soon get a wallet feature in their app allowing them to send and receive digital currencies, including bitcoin, into a wallet. They can, therefore, directly transact the cryptocurrencies without having to convert them into fiat. (Bloomberg) Developer Stever…
Venture Capital: Gates-Founded Breakthrough Energy Raises Over $1B From Top US Companies
Breakthrough Energy, the non-profit founded in 2015 by Bill Gates to advance the cause of net-zero emissions, has raised hundreds of millions of dollars from U.S. firms for its Breakthrough Energy Catalyst project to support innovation in the field.
FinTech: Nigerian Fintech Startup Infibranches Raises $2M
Nigerian startup Infibranches Technologies has received funding of $2 million from All On, an impact investing organization backed by Shell (NYSE: RDS.A). Infibranches will use the funds for customer acquisition, improvement of its product lineup and for introduction of new products and services to address energy distribution issues.
Venture Capital: Indian Used Cars Platform Cars24 Nabs $450M
Indian used car platform Cars24 has raised $450 million comprising a $340M Series F equity round and $110M of debt. The capital funding valued the startup, founded in 2015, at $1.84 billion, nearly twice from the end of last year. The equity round was led by SoftBank, DST Global, and Falcon Edge Capital and included participation by existing investors as well as Tencent holdings.