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.

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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.

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Alternative Investments/ESG: World’s First Actively Managed Sharia ETF To Debut in London

September 28, 2020

Almalia is a financial services group focused on innovation in Islamic finance, especially Shariah-compliant investments that are also sustainable and ethical. Headquartered in London, and having a presence in the UAE, Almalia has launched the world’s first actively-managed global equity ETF which is compliant with Shariah laws.

Venture Capital: GGV Capital Raising $2B Warchest For Three New Funds

September 28, 2020

GGV Capital, a leading U.S. based venture capital firm, is raising $2 billion for three funds that will invest in tech startups and growth companies in the U.S. and China.

FinTech: Target To Test BNPL Waters With Sezzle

September 28, 2020

Shoppers are making a beeline for offers that allow them to pay for their purchases in instalments. Also known as BNPL products, these instalment facilities, generally interest- and fee-free, are grabbing share from credit cards. Sezzle (ASX: SZL) is a leading BNPL platform with 1.6 million customers across the U.S. and Canada. It announced today it’s launch of a Proof Of Concept (POC) with retailer Target Corporation (NYSE: TGT).

Artificial Intelligence: Squarefeet.AI Is Setting Real Estate Prices In Montreal

September 28, 2020

Squarefeet.ai uses artificial intelligence (AI) to optimize the unit pricing of new residential condo or rental projects, ensuring developers obtain the highest potential revenue. Its algorithm-based platform enables property developers and brokers to price properties on a rational basis rather than using “gut-feel” and “experience.”

Alternative Investments: Alt Investments At HSBC Private Banking Running At Record

September 28, 2020

Between January and end-August 2020, HSBC Private Banking received $1.6 billion from its clients for investing in alternative investments. These included hedge funds, private equity, private credit, and a private REIT strategy.

Artificial Intelligence: AI Detects Loneliness With 94% Accuracy

September 25, 2020

Researchers at the University of California San Diego School of Medicine have found in a study that AI tools using NLP can predict the level of loneliness in older adults.

FinTech: Stripe To Process Cloud Payments For Salesforce’s Digital 360

September 25, 2020

CRM leader Salesforce (NYSE: CRM) announced that Stripe, the leader in global payments processing, will power its Commerce Cloud Payments for its all-new Digital 360 platform. The Digital 360 platform seeks to drive commerce and digital transformation in enterprises by bringing together marketing, commerce, and digital experience products.

Digital Assets: Conglomerates Employ Technology To Track Deforestation

September 25, 2020

JBS S.A. (BVMF: JBSS3), the largest meatpacker in the world, has committed to maintaining a vigil against deforestation throughout its supply chain. The Brazilian company has been under pressure from investors and environmentalists because its beef production is leading to deforestation in the Amazon. Cattle owners have been known to clear forests to make way for pasture land.

Venture Capital: Greenlight Financial’s Series C Earns It $215M And Unicorn Badge

September 25, 2020

Greenlight’s mission to help kids save and spend smart with its debit cards received a $215 million boost Thursday via its Series C funding. Led by Canapi Ventures and TTV Capital, the round also received participation from new investors BOND, DST Global, Goodwater Capital, and Fin VC. Greenlight also welcomed aboard Relay Ventures as its first institutional investor.

Alternative Investments/Real Estate: New Global Real Estate ETF From Cambria

September 25, 2020

Cambria Investment Management, which focuses on alternative investments using quantitative asset management techniques, has launched a new real estate fund.

Digital Assets: Panxora Launches AI-Powered, Quantitative Hedge Fund For DeFi

September 24, 2020

The Panxora Group announced Monday its launch of a DeFi-focused hedge fund. The Cayman Island-based fund will offer investors the opportunity to invest in DeFi tokens and is already accepting subscriptions.

Venture Capital: Sneaker-Focused, Online Platform Goat Grabs $100M

September 24, 2020

Goat Group, which specializes in selling sneakers on its Goat.com online marketplace, announced Wednesday its raise of $100 million in a Series E funding round from D1 Capital Partners. The round valued Goat at $1.75 billion. The startup, therefore, turned unicorn, having previously been valued at $550 million. Goat Group operates the GOAT, Flight Club, and alias brands.

Artificial Intelligence: Adobe’s Liquid Mode Uses AI To Make PDFs Readable On Phones

September 24, 2020

Adobe’s (NASDAQ: ADBE) newly-launched “Liquid Mode” deploys artificial intelligence (AI) to automatically reformat documents, such as text- or image-heavy PDFs. The result: users can quickly view or navigate these documents despite their size or complexity.

FinTech: Tech Giant Yandex To Acquire Pole Position In Russia’s Fintech Industry

September 24, 2020

Investors made a bee-line for the stock of Russian technology giant Yandex (NASDAQ: YNDX) after it bid Tuesday for Tinkoff, a leading online bank in the country. Yandex shares touched a record high after analysts and investors apparently thought it was a marriage made in heaven.

Liquid Alternatives: Retail Investors Can Use Alternative ETFs To Their Advantage

September 24, 2020

Krista Hicks, senior vice president of business development at Horizons ETFs, will speak at the WP Advisor Connect virtual event on Thursday, September 24, 2020. The virtual event is themed “The Rise of Alternative Investments” and aims to deliver a comprehensive view of the world of alternative investments. Hicks will participate in the workshop “Why alternatives should have a place in your portfolio” led by Women in ETFs.

Venture Capital: Robinhood, The ‘Go-To’ Trading App For Millennials, Snags $660M

September 23, 2020

According to an exclusive report today by Reuters, Robinhood Markets Inc. the trading app so popular with millennials, raised $660 million in its latest Series G funding round. Robinhood previously announced its Series G funding with a $200 million investment by D1 Capital Partners. A company spokeswoman told Reuters Tuesday that the round was expanded to $660 million at a valuation of $11.7 billion.

Digital Assets: Bithumb, South Korea’s Largest Crypto Exchange, Is On The Block

September 23, 2020

Korean media outfit, Herald reported Tuesday that Bithumb, the country’s biggest cryptocurrency exchange with more than 50% market share and 4.77 million members, is up for sale. The Herald quoted sources in the investment banking industry to say that the holding company of the exchange, Bithumb Holdings, had appointed Samjong KPMG to conduct the disposal of its stake.

FinTech: Triterras’ Kratos Blockchain Platform Clocks $5B Trade Finance Volume

September 23, 2020

Triterras Fintech launched its Kratos blockchain-enabled, end-to-end global trade and trade finance platform in June 2019 with the Trade Discovery module. In February 2020, Triterras added the Trade Finance module to Kratos. Triterras has already handled about $5 billion of trade finance on Kratos over the six months ended August 31, 2020.

Artificial Intelligence: FuzeDrive, The First-Ever AI-Enabled SSD

September 23, 2020

Enmotus Inc. focuses on innovations in PC storage using its patented Artificial Intelligent algorithms. It announced Tuesday the launch of FuzeDrive, the first-ever AI-powered Solid State Drive (SSD). FuzeDrive blends high endurance static SLC (Single Level Cell technology) with QLC (Quadruple Level Cell technology) on the same M.2 board.

Alternative Investments/Digital: Bermuda Green-Lights World’s First Bitcoin ETF

September 23, 2020

Brazilian asset management firm Hashdex and Nasdaq have collaborated on the development of a new ETF product dubbed the Hashdex Nasdaq Crypto Index ETF. The ETF will track a blockchain index that will comprise bitcoin as well as several other crypto assets. The Bermuda Stock Exchange (BSX) approved the new ETF for listing on September 18.

Venture Capital: Playco Wins Unicorn Status At Series A

September 22, 2020

Playco pulled off a unicorn valuation with the company still on the drawing board. It raised $100 million in a Series A round led by technology investor Josh Buckley and Sequoia Capital Global Entities. Will Smith’s investment firm Dreamers VC, venture firms Sozo Ventures, Caffeinated Capital, the Makers Fund, the Angel Fund, and Digital Garage also participated.

Digital Assets: Crypto Exchange bitFlyer Integrates Platform With PayPal

September 22, 2020

Digital exchange bitFlyer Europe announced Monday its launch of a new payment option for its users through integration with PayPal (NASDAQ: PYPL). This bridge between the two organizations will enable PayPal users to easily fund an account with the crypto exchange and thereafter commence safe and secure transactions in various cryptocurrencies.

Artificial Intelligence: AI Inside The New iPad Will Boost Low-Resolution Pics

September 22, 2020

The ML Super Resolution is a new tool inside Pixelmator Photo 1.4, a powerful photo editor created exclusively for the iPad. The new tool increases the size and resolution of images intelligently and automatically. This functionality, which was available in Macs, now comes to the iPad Air.

FinTech: Glint It! A P2P Gold Transfer Service Inside An App

September 22, 2020

Glint customers can use their mobile phones and the Glint app with its new Glint It! Feature to instantly send or receive gold or other currencies to their fellow Glint users. The person-to-person (P2P) service currently transacts gold, Euros, GBP, and USD.