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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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Digital Assets: Global Digital Bank Revolut Signs Up WeWork Space In Dallas Using Bitcoin
In an innovative move, UK-based neobank Revolut is offering most of its 2,000 employees “permanent flexible working,” allowing them to choose when and how often they would like to work from home or visit the workplace. The company has paid with bitcoin to take space from WeWork for more than 300 employees in Dallas, the base for its US expansion.
Alternative Investments/Digital/ESG: Accelerate’s Carbon-Negative Bitcoin ETF
Accelerate Financial Technologies’ world-first Carbon Negative Bitcoin ETF (TSE: ABTC), now trading on the TSE, offsets more than 100% (“negative”) of the estimated carbon emissions from associated bitcoin mining and transaction activities.
Artificial Intelligence: Mossad Used AI-Powered Gun To Kill Iranian Nuke Scientist Fakhrizadeh (NYT)
A New York Times article on Saturday said the Mossad, Israel’s national intelligence agency, used an AI-powered, Belgian-made FN MAG machine gun attached to an advanced robotic apparatus to remotely kill Mohsen Fakhrizadeh, the scientist leading Iran’s nuke program, on November 27, 2020.
Alternative Investments/Digital: Scaramucci’s Skybridge Mulls $250M Fund Based On The Algorand Blockchain
Skybridge Capital, Anthony Scaramucci’s New York-based investment firm and hedge fund, plans to make a foray into blockchain in partnership with the NAX trading platform to raise up to $250 million for a fund based on the Algorand blockchain.
Artificial Intelligence: AI To Predict Growth Of Harmful Algal Blooms in Oceans
Harmful algal blooms (HAB) occur when colonies of algae — simple plants that live in the sea and freshwater — grow out of control and produce toxic or harmful effects on people, fish, shellfish, marine mammals, and birds. Humans are rarely affected, but illnesses triggered by HAB could be fatal. A project in the UK seeks to develop technology to predict the advent of deadly HAB.
Venture Capital: Commodity Trading Platform Open Mineral Scores $33M Funding
With most of the global $200 billion metal raw commodities business still conducted in archaic paper mode, Switzerland-based Open Mineral is aiming to become the eBay for physical commodity producers by digitizing metal raw material trading. The firm announced Thursday its Series C raise of $33 million led by Abu Dhabi’s sovereign wealth fund Mubadala Investment Company.
Digital Assets: The ECB’s Christine Lagarde Attacks Cryptos
Speaking on a wide-ranging interview with David Rubenstein published on Thursday, ECB President and crypto-skeptic Christine Lagarde made it clear that her negative views on cryptocurrencies had not changed.
Digital Assets: SFOX Launches Crypto Trading Platform For Hedge Funds And Asset Managers
SFOX, a crypto prime broker, has launched a trading product that will allow hedge funds to execute highly sophisticated trading strategies at scale. The new crypto product offers features that were previously only available to the market’s largest firms.
FinTech: JPMorgan Chase To Unveil UK Digital Bank Next Week
JPMorgan Chase (NYSE: JPM), the largest bank in the US, may disrupt the UK banking market with its launch next week of a digital lender retail arm offering, in the first instance, current accounts with a reward program.
Digital Assets: El Salvador’s Bitcoin Protestors Burn Chivo ATM
Thousands of El Salvador residents have taken to street protests against the government’s move to make bitcoin legal tender in the country. In unfortunate timing with its 200th independence anniversary, El Salvador has erupted in protest against President Nayib Bukele’s move to make bitcoin legal tender alongside the US dollar with effect from September 7….
FinTech: Goldman Sachs Snaps Up BNPL Fintech Greensky For $2.24B
Goldman Sachs (NYSE: GS) announced Wednesday its all-stock acquisition of GreenSky (NASDAQ: GSKY), a fintech lender specializing in BNPL home improvement loans, for $2.24 billion. Goldman Sachs said the transaction would help accelerate its efforts to “create the consumer banking platform of the future.”
Artificial Intelligence: Ford, Argo AI, Walmart To Launch Deliveries Via Autonomous Vehicles
Walmart (NYSE: WMT) has tied up with Ford Motor Company (NYSE: F) and Argo AI for its first multi-city, last mile, autonomous delivery collaboration in the U.S. Ford’s self-driving test vehicles equipped with the Argo AI Self-Driving System will deliver Walmart orders to customers’ homes in Miami, Austin, Texas, and Washington, D.C.
Alternative Investments: EisnerAmper’s 6th Annual Alternative Investment Summit – “What’s Around The Bend?”
This year’s theme of the virtual summit is – “What’s Around the Bend: The Future of Alternative Investments” EisnerAmper’s 6th Annual Alternative Investment Summit will be held virtually on Thursday, 7 October, 2021. This thought-provoking event features highly interactive panel discussions that will cover trends, issues and insights affecting the future of the alternative investments…
Venture Capital: SpaceX Launches 4-Person Civilian Crew In Historic Orbital Mission
On Wednesday night, SpaceX’s Falcon 9 rocket hoisted into orbit a Crew Dragon spacecraft carrying a 4-person, all-civilian crew on a mission titled Inspiration4. Commanded by billionaire Isaacman, who conceived the flight ten months ago as a means to raise funds and awareness of St Jude Children’s Research Hospital, the flight also carried another male and two female civilians.
Digital Assets: Interactive Brokers Offers Low-Fee Crypto Trading
Global brokerage Interactive Brokers (NASDAQ: IBKR) anounced earlier this week the launch of crypto trading on its platform via Paxos Trust Company, a regulated blockchain infrastructure platform. US residents can therefore trade cryptos such as bitcoin (BTC), ethereum (ETH), litecoin (LTC) and bitcoin cash (BCH) along with other assets including stocks, ETFs, futures, options, and bonds from a single screen.
Venture Capital: Graphic Design Platform Canva Nabs $200M At Massive $40B Valuation
Canva is now the fifth-most valuable startup in the world. Australian graphic design platform Canva raised $200 million in a round led by global investment firm T.Rowe Price and included participation by Franklin Templeton, Sequoia Capital Global Equities, Bessemer Venture Partners, Greenoaks Capital, Dragoneer Investments, Blackbird, Felicis, and AirTree Ventures. The startup doubled its valuation…
FinTech: Aussie BNPL Company Zip To Offer Crypto Trades And Payments In The US
Zip Co (ASX: Z1P), the Australian fintech that offers BNPL, announced Tuesday its launch of crypto trading services and acceptance by its merchants of bitcoin as a payment mode.
Alternative Investments/ESG: The Global X Uranium ETF Powers To A 52-Week High
Investors on Reddit’s WallStreetBets forum are said to have a hand in pushing up the ETF. Uranium, the raw material for nuclear power plants, is within the cross-hairs of the famous WallStreetBets forum on Reddit – which incited the meme-stock speculative frenzy in GameStop (NYSE: GME) earlier this year. The Redditors are said to have…
Artificial Intelligence: A New AI App Could ‘Deepfake’ Your Profile Pic Into A Porn Video
It’s here. The long-feared day when AI technology could advance to the point when anyone’s photo could be swapped, highly realistically, into a porn video for nefarious purposes including revenge and blackmail. MIT Technology Review first reported on a dangerous new website which uses just a picture of the person and a click to turn them into a porn star.
FinTech: QED’s Seventh Fund For Fintechs Closes With $1.05B
Leading global fintech VC firm QED Investors announced today the close of its Fund VII with commitments from investors of $1.05 billion. The firm intends to deploy the funds in support of fintech startups across the U.S., the U.K., Latin America and Southeast Asia. Fund VII is made up of a $550 million early stage fund and a $500 million growth-stage fund.
Venture Capital: Immi Lands $3.8M Seed Round For Plant-based Instant Ramen
Ex-roommates, ex-co workers, San Francisco-based Kevin Lee and Kevin Chanthasiriphan co-founded immi after they saw the impact that unhealthy foods and diets had on their families as they suffered through chronic health conditions like diabetes, high blood pressure, and stomach cancer. immi’s objective: to add low-carb, high-protein, keto-friendly, and plant-based nutritional benefits to everyday instant ramen. The startup announced Tuesday its raise of $3.8 million of seed capital.
Alternative Investments/AI: WisdomTree To Boost Thematic Lineup With AI ETF
WisdomTree has filed to launch the WisdomTree Artificial Intelligence and Innovation Fund as a part of its thematic ETFs offering. The fund will track the performance of the WisdomTree Artificial Intelligence Index.
Artificial Intelligence: Now AI Can Estimate A Company’s Emissions
Evaluation of companies’ carbon footprint is essential for countries to be able to meet their 2050 decarbonization targets for 2050 as per the Paris Agreement. For investors, the quantum of greenhouse gases emitted by a company could be an important factor to evaluate its suitability in a portfolio geared towards positive climate actions in the context of ESG. While most companies do not yet formally disclose their emission data, AI can now reasonably estimate this crucial metric.
Digital Assets: MicroStrategy Adds To Bitcoin Hoard With $243M Purchase
Michael Saylor, crypto proponent and CEO of business software and intelligence company MicroStrategy (NASDAQ: MSTR) tweeted about the company’s fresh purchase of bitcoin today that brought the market value of its stockpile of the leading cryptocurrency to over $5 billion.