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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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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Artificial Intelligence: Personalized TLC For Your Hair From Revieve’s AI
The AI Haircare Advisor from Revieve, a personalized digital brand experience company, uses artificial intelligence and a patented mobile selfie diagnostics technology to generate personalized hair care recommendations. Customers with all hair types and textures can hope to receive ‘gamechanging’ results that point them to what exactly they need for their hair.
FinTech: Mastercard Expands BNPL Reach, Adds New Partners
Amount, Bass Pro Shops and Cabela’s, Deserve, H&R Block, i2c, Lithic, Saks Fifth Avenue, Sutton Bank and Walgreens are new brands that are now partnering Mastercard Installments, the card major’s BNPL offering.
Alternative Investments/Real Estate: Palladius Launches Real Estate Fund On The RealtyMogul Platform
Real estate investment manager Palladius Capital Management has launched the Palladius Real Estate Fund I on real estate technology platform RealtyMogul. The private real estate investment fund is targeting a fund raise of $100 million to deploy in multifamily and student housing assets across the country, expecting to generate an internal rate of return of 17.5% over a four- to six- year hold period.
Venture Capital: Plantish Raises $12.5M For Its Ultra-Real, Plant-Based Salmon Fillet
Israeli alternative sea-food company Plantish has raised $12.45 million for its world-first, vegan, whole cut salmon fillet made using plant proteins. In addition to its realistic aesthetics that mimic real salmon, the product replicates the taste, texture, and nutrition of the fish, despite using all plant-based ingredients.
Digital Assets: Binance Nabs Crypto Licence In Bahrain
The award marks Binance’s first crypto licence in the Gulf region. Binance, the world’s largest cryptocurrency exchange, has secured a a crypto-asset service provider license from the Central Bank of Bahrain (CBB). Announcing this in a statement Tuesday, the company said the licence demonstrated its commitment to regulatory compliance in the Cooperation Council for the…
Artificial Intelligence: Clearview’s AI Surveillance Finds Application In The Ukraine War
Clearview AI, the controversial facial recognition company that calls itself the world’s largest facial network, is helping to uncover Russian assailants, combat misinformation and identify the dead in war-torn Ukraine.
Alternative Investments/Digital: Web3-Focused ETF To Launch on Brazil’s B3 Exchange
Hashdex, the crypto-focused global asset manager, will introduce its WEB311 ETF on B3, the Brazilian stock exchange, later this month. The new ETF will allow investors to assume exposure to the Web3 and its underlying smart contract platforms.
Venture Capital: TPG Rise Climate Invests In A Renewable Natural Gas JV
TPG Rise Climate comes on board Monarch Bioenergy, a joint venture between Roeslein Alternative Energy and Smithfield Foods as an equal partner with an undisclosed investment. Monarch uses Roeslein’s technology and Smithfield’s farming practices to convert methane emissions from animal farming into renewable natural gas (RNG) that can power homes, businesses and cars.
FinTech: Moove, An African Mobility Platform And Financier, Raises $105M
Nigeria-based fintech Moove, which provides vehicle financing to drivers of ride-hailing companies, has raised Series A2 financing of $105 million. The round was led by existing investors Speedinvest, Left Lane Capital, and thelatest.ventures, with participation from new investors including AfricInvest, MUFG Innovation Partners, Latitude, and Kreos Capital.
Digital Assets: Japan’s FSA Bans Crypto Exchanges From Transacting Sanctioned Assets
The Financial Services Agency (FSA) of Japan, its top financial regulator, has banned crypto exchanges from transacting assets sanctioned by the West in response to Russia’s aggression against Ukraine. The FSA has been authorised by the Japanese Cabinet to take various retaliatory measures including imposing restrictions on payments under the country’s Foreign Exchange and Foreign Trade Act.
Artificial Intelligence: AI Pairs With Drones To Locate Fallen Meteorites
A team from Curtin’s Space Science and Technology Centre (SSTC) has succeeded in recovering a meteorite that fell onto the Nullarbor Plain in Western Australia using AI to scan drone footage and pinpoint its location.
Digital Assets: Stripe Returns To Crypto With A Focus On Business Solutions
Stripe CEO John Collison announced in a tweet last week that the company was back in the crypto arena and supporting crypto businesses including exchanges, on-ramps, wallets, and NFT marketplaces. “Not just pay-ins but payouts, KYC and identity verification, fraud prevention, and lots more,” he added.
FinTech: India’s PayTM Engulfed In A Maelstrom Of Bad News
PayTM (NSE: PAYTM), the Indian fintech, made waves with its November listing of shares issued at INR 2150. Vijay Shekhar Sharma, the founder, was in joyful tears at the conclusion of the IPO. In the four months since, the IPO the stock has been on a one-way ticket downhill, and today it gapped down at the open and closed at an all-time low.
Alternative Investments/Digital: New ETF To Invest In The Token Economy (Read: NFTs)
There is another ETF lining up to offer investors to the world of non-fungible tokens, or NFTs. The Fount Token Economy ETF will focus on “token economy companies” that develop, manufacture, distribute, or sell products or services around NFTs in the sectors of arts and entertainment, games, blockchain and related platforms and infrastructure.
Venture Capital: Getir, The Turkish Startup Promising Groceries In Minutes, To Raise $800M
After bagging a $250 million check from lead investor Mubadala Investment Co., Turkish speedy-delivery startup Getir is eyeing a total haul of about $800 million as investors including Rick Gerson’s firm Alpha Wave Global (previously known as Falcon Edge Capital), Abu Dhabi’s state holding company ADQ, Sequoia and Tiger Global pile in with funds.
Artificial Intelligence: DeepMind’s Ithaca AI Model Unravels Ancient Greek Inscriptions
DeepMind’s new Ithaca AI model will help historians in restoring, placing, and dating ancient Greek texts, marking an era of productive collaboration between AI and researchers of the magnificent Greek civilization.
FinTech: Lloyds To Acquire Stake In Loyalty App Bink
Lloyds Banking Group (LON: LLOY), Britain’s biggest mortgage provider, will acquire a minority stake in loyalty app Bink, according to a report by Sky News for an undisclosed amount that may run into millions of pounds. It was also not known how much the transaction valued Bink.
Digital Assets: Coinbase CEO Armstrong Said To Have Splurged $133M On Home In LA
An iconic property in Bel Air, Los Angeles, designed by internationally acclaimed English architect John Pawson changed hands last month for $133 million and the buyer was Coinbase (NASDAQ: COIN) CEO and co-founder Brian Armstrong. The seller: a corporate entity linked to Japanese entrepreneur Hideki Tomita.
Alternative Investments/ESG: VegTech Invest Launches Plant-Based Innovation & Climate ETF
VegTech Invest advisory has launched the VegTech Plant-based Innovation & Climate ETF (Ticker: EATV), its first financial product. The ETF offers exposure to publicly traded companies actively innovating with plants and plant-derived ingredients and producing primary products that are animal-free. These companies also have a beneficial impact on the environment and solve certain pressing global problems.
Venture Capital: Chinese AI Startup Parametrix Raises $100M, Turns Unicorn
Chinese AI company Parametrix.ai has raised $100 million in a Series B round led by Sequoia China and joined by existing investors 5Y Capital and Gaorong Capital. Though the valuation was not disclosed, Parametrix has joined the hallowed unicorn club (>$1 billion) after the funding.
Artificial Intelligence: Danish Company Solum To Use Advanced AI And Robotics For Sorting Waste
Danish environmental services company Solum A/S will soon operate a highly advanced waste sorting plant that will use advanced robotics and AI to segregate up to 25,000 tons of mixed waste annually. The robots, which work 24/7, will receive and intelligently sort refuse sourced from municipalities, industry and business and comprising combustible waste, bulky waste, metal, wood, and plastic.
Venture Capital: Honasa Consumer Raises Sequoia-Led $37M Series F
Honasa Consumer has become the 45th startup to achieve unicorn status this year, when it raised a $37 million Series F round led by venture capital firm Sequoia Capital. The round also had participation by Belgium-based investment fund Sofina Ventures and the UAE-based India-focused fund Evolvence Capital. Honasa (from Honest/Natural/Safe) operates the brand Mamaearth. The brand is endorsed by celebrities from Bollywood. Its other brands include The Derma Co and House of Brands.
Digital Assets: Bitcoin In The Crystal Ball
What the crystal ball shows for bitcoin, according to people who should know.
FinTech: Tencent Backs Monzo’s Latest Funding Round, Buys Undisclosed Stake
Monzo, the fast-growing digital challenger bank in the UK, has roped in Tencent Holdings (HKG: 0700) as an investor in its $600 million funding round that had its first close earlier this month. Existing investors Accel and General Catalyst participated in that round, which valued Monzo at $4.5 billion.