News

Each day, DailyAlts tracks major developments across the alternative investment world. Our content is procured from primary contacts in the industry and secondary sources across the web. Our goal is to give readers the most up-to-date news and engaging experience to open new doors and areas of knowledge. Our stories cover nine separate verticals of the alternative investment industry.

Top Story

Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes

December 7, 2023

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.

Read More...

Get Daily Updates

Subscribe to DailyAlts Today to get Alternative Investment news, insight, and commentary delivered straight to your inbox every day.

  • This field is for validation purposes and should be left unchanged.

More Stories on News

Artificial Intelligence: OpenSpace, Which Monitors Job Sites, Raises $55M

April 30, 2021

OpenSpace builds virtual time machines for construction sites that monitor and record job progress. The startup which uses AI, computer vision, video, and photographs to drive its software, has raised $55 million in a Series C round led by Alkeon. New investors included PSP Partners, Asia-focused real-estate tech investors GreenPoint Partners, and Hong Kong-based New World Development.

Alternative Investments/AI: A New ‘Fund Of Thematic Funds’ From LGIM

April 30, 2021

The Legal & General Global Thematic Fund, a new launch from Legal & General Investment Management (LGIM), addresses UK investors and their demand for access to multiple themes. The innovation-focused fund is a bouquet of eight themes in the areas of technology, energy and resources, and changing demographics.

Digital Assets: The SEC Puts Off Its Decision On The VanEck Bitcoin ETF To June 17

April 28, 2021

In an announcement today the Securities and Exchange Commission deferred its decision on the application by the Cboe BZX Exchange on March 1, 2021, to list shares of the VanEck Bitcoin Trust through a proposed rule change.

Venture Capital: Pactum, A Provider Of Negotiation-As-A-Service (NaaS), Raises $11M

April 28, 2021

Pactum, a startup with Estonian origins that is now headquartered in California, operates an AI platform designed to automate contract negotiations for big companies such as Walmart (NYSE: WMT). It announced Tuesday its raise of $11 million (approx €9.1 million) in its Series A round of funding.

Alternative Investments/ESG: Canada’s Purpose Investments Unveils Growth-Oriented Climate ETF

April 28, 2021

Purpose Investments Inc announced Tuesday the launch of the Purpose Global Climate Opportunities Fund, a growth-focused, actively-managed climate ETF that will invest in companies benefiting from the reduction of greenhouse gas emissions and carbon neutrality.

Artificial Intelligence: The Forbes List Of 50 Top AI Companies To Watch

April 28, 2021

To create the third annual AI 50, Forbes partnered with Sequoia Capital and Meritech Capital. The list consists of private, North American companies that are using AI in ways fundamental to their operations. (Forbes)
The list in alphabetical order:

FinTech: Greenlight Financial Raises $260M At $2.3B Valuation

April 27, 2021

Greenlight announced today its close of $260 million in Series D funding led by Andreessen Horowitz. Existing investors TTV Capital, Canapi Ventures, Wells Fargo Strategic Capital, BOND, Fin VC, Goodwater Capital, as well as new investors Wellington Management, Owl Ventures, and LionTree Partners also participated.

Digital Assets: Bitcoin Trades Give Tesla A $101M “Positive Impact” On Quarterly Profit

April 27, 2021

Tesla’s (NASDAQ: TSLA) first-quarter results, announced on Monday, showed the electric vehicle maker clocked a record quarterly net profit of $438 million on a GAAP basis. Of particular interest to bitcoin aficionados, the company also made some more information, and commentary, available on its investment of $1.5 billion in bitcoin in the first quarter.

Alternative Investments/ESG: Amundi’s Climate Paris Aligned ETF Range Gets Fixed Income Fund

April 27, 2021

French asset manager Amundi has expanded the range of its Paris-aligned climate ETFs. The Amundi iCPR Euro Corp Climate Paris Aligned PAB – Ucits ETF DR will invest in investment-grade euro corporate bonds.

Venture Capital: Canadian Legaltech Startup Clio Raises $110M Series E Round

April 27, 2021

The round valued Clio at $ 1.6 billion. Clio, a startup based in Vancouver, Canada, builds cloud-based and client-centered legal technology aiming to transform the legal experience for everybody. In a Series E round, Clio raised $ 110 million at a valuation of $ 1.6 billion, duly earning the coveted status of a unicorn. T….

Artificial Intelligence: Israel’s Athena Battle System Will Use AI To Scope Targets

April 27, 2021

Israel Aerospace Industries (IAI) is developing Athena, an AI-enabled super-brain that will utilize high-powered sensors to guide tanks and automated vehicles in their reconnaissance of battlefields and location of enemy targets.

Venture Capital: Indian Edtech Startup Upgrad Raises $120M At $575-$675M Valuation

April 26, 2021

Indian edtech startup Upgrad has raised $120 million from Temasek, Singapore’s sovereign fund reports the Economic Times. According to people knowledgeable of the matter, the startup could be valued as much as $575-675 million, post-money.

Digital Assets: Vebitcoin, Another Turkish Crypto Exchange, Downed Shutters Friday

April 26, 2021

The Turkish authorities are grappling with thousands of investor complaints after two of the country’s crypto exchanges, Thodex and Vebitcoin, suspended their operations within the space of about a week. Both exchanges are being investigated for fraud and authorities have already arrested numerous persons in this connection.

FinTech: Southwest Airlines Customers Can Use Uplift’s Solution To Travel Now, Pay Later

April 26, 2021

Uplift, which spreads the cost of your purchases over fixed monthly installments, a fintech service that is also known as Buy-Now-Pay-Later (BNPL), has tied up with Southwest Airlines (NYSE: LUV) to offer travelers this payment method. The option is now built into the Southwest Airlines booking system and a traveler availing of it will see both the total cost of the trip as well as the monthly payment amount at the time of booking.

Liquid Alternatives: “Alternatives Should Be A Core Holding For Investors” (Mackenzie)

April 26, 2021

Liquid alternatives, also known as liquid alts, are mutual funds and ETFs that aim to provide investors with diversification and portfolio stability through alternative investment strategies. Alternatives include assets such as infrastructure, real estate, and commodities; alternative strategies, which use tools like short-selling or leverage to amplify returns and manage volatility; and private markets, which include equity, credit, infrastructure, or other categories. According to Mackenzie Investments, traditional portfolios should include a component of alternatives for diversification, protection, and steadier returns in today’s volatile markets.

Artificial Intelligence: Aussie Supermarket Chain Coles To Use AI For Stock Replenishment

April 26, 2021

Fresh produce available when you want it. Lower labor costs. Reduced food waste. Those are the paybacks that Australian retail giant Coles Group (ASX: COL) is aiming for by deploying cloud-based AI technology to replenish fresh produce on its shelves.

Digital Assets: Chief Of Turkish Crypto Exchange Thodex On The Lam, Allegedly With $2B

April 23, 2021

Turkish crypto exchange Thodex has gone dark and that its CEO Faruk Fatih Ozer is missing. Ominously, according to local media reports, Istanbul police are of the view that Ozer has hot-footed it to Albania, taking $2 billion of investors’ money with him.

Liquid Alternatives: Optimizing the 60/40 Portfolio Through Varying Market Conditions with Liquid Alts

April 23, 2021

Salvatore Bruno, Chief Investment Officer and Managing Director, IndexIQ; Kelly Ye, Director of Research, IndexIQ; and Dan Petersen, Director, Product Management, IndexIQ, delved at length on an environment characterized by volatile equity markets and low but rising interest rates. In a webcast titled “Optimizing the 60/40 Portfolio Through Varying Market Conditions with Liquid Alts,” they suggested liquid alternative ETFs as a fast-growing asset class offering the highest degree of liquidity among alternatives.

FinTech: Toast Will Help Route Government Aid To Pandemic-Hit Restaurants

April 23, 2021

Toast, the provider of Point of Sale (POS) systems to restaurants, announced Thursday its partnership with the U.S. Small Business Administration (SBA) to help provide customers with access to funds made available through the $28.6 billion Restaurant Revitalization Fund (RRF).

Venture Capital: Misfits Market Scores $200M Series C, Turns Unicorn

April 23, 2021

Online and D2C grocery platform Misfits Market announced its Series C round of $200 million co-led by Accel and D1 Capital. Other participants in the round included existing investors Valor Equity Partners, Greenoaks Capital, Sound Ventures, and Third Kind Ventures. The startup confirmed it had achieved unicorn status with this oversubscribed funding round.

Artificial Intelligence: AI Reveals Two Near-Identical Hands Behind Dead Sea Scrolls

April 23, 2021

AI-powered paleography, or the study of old handwriting, by researchers at the University of Groningen, Netherlands, has revealed that two writers likely wrote separate halves of a manuscript of the Dead Sea Scrolls.

Venture Capital: Payroll Company Deel Raises $156M In Series C Funding, Turns Unicorn

April 22, 2021

Deel, the payroll company, announced Wednesday its Series C raise of $156 million at a valuation of $1.25 billion. The round earned the company its horn and was co-led by YC Continuity, Andreessen Horowitz and Spark Capital. Deel has now raised $206 million in total, and most of it in the space of just a year.

FinTech: Revolut Prepping For India Launch; Hires Country Lead

April 22, 2021

Global fintech and challenger bank Revolut is planning to set up shop in India and has appointed Paroma Chatterjee, previously of Lendingkart, Via.com, Flipkart, and Airtel Money, as its CEO for the Indian venture. Chatterjee was named as one of the Top 25 Women Leaders in Financial Technology of Asia for 2020.

Artificial Intelligence: The European Commission Declares Its Regulatory Approach To AI

April 22, 2021

The European Commission (EC) on Wednesday set forth new rules and actions for governing AI with the twin objectives of guaranteeing the safety and fundamental rights of people and businesses while strengthening AI uptake, investment, and innovation across the EU.