Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
DailyAlts » Alternative Investments
by Saul Griffith
5M ago
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
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Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
DailyAlts » Alternative Investments
by Saul Griffith
5M ago
Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers stand to receive up to 1 BTC as a reward when signing up and can earn an additional 1 BTC for each successful referral. The platform claims to be the sole custodial crypto platform in the EU offering customers a percentage of their trading volume back every month, paid in Bitcoin ..read more
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FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
DailyAlts » Alternative Investments
by Saul Griffith
5M ago
Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through Wallet Express, issuers can integrate Samsung Wallet, allowing consumers to make payments using various methods, including Galaxy wearable devices ..read more
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Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
DailyAlts » Alternative Investments
by Saul Griffith
5M ago
Revaia, Europe's largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family offices, and institutional investors across Europe, with support from existing partners like Bpifrance and new backers such as mutual insurer Carac and the European Investment Fund ..read more
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Digital Assets: Nubank Partners With Circle For Brazilians’ Access To USDC, The Digital Dollar
DailyAlts » Alternative Investments
by Saul Griffith
5M ago
Circle and Nubank (NYSE: NU) have joined forces to broaden access to the digital dollar in Brazil. This collaboration aims to introduce USDC, Circle's regulated dollar stablecoin, to Nubank's extensive customer base of over 85 million in Brazil ..read more
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Venture Capital: HUGO BOSS Invests In Sustainability-Focused Fashion Venture Fund
DailyAlts » Alternative Investments
by Saul Griffith
5M ago
HUGO BOSS has reinforced its commitment to sustainability by becoming the inaugural investor in Collateral Good Ventures Fashion I, a climate-centric venture capital fund aimed at expediting sustainability initiatives in the fashion industry. The company's financial support, spanning five years, will subsidize select portfolio firms operating in startup, early growth, and potential stages ..read more
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Artificial Intelligence: xAI, The Musk-Owned AI Startup, To Raise $1B
DailyAlts » Alternative Investments
by Saul Griffith
5M ago
Elon Musk's artificial intelligence startup, xAI, aims to secure $1 billion in equity financing to compete with industry leaders such as OpenAI, Microsoft, and Google. The company, co-founded by Musk, has already garnered $135 million from investors, as revealed in a filing with the US Securities and Exchange Commission ..read more
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Digital Assets: Bitcoin Mining Company Phoenix Group Makes Impressive Listing Debut On Abu Dhabi Securities Exchange
DailyAlts » Alternative Investments
by Saul Griffith
6M ago
Cryptocurrency mining firm Phoenix Group (ADX: PHX) has achieved a significant milestone by debuting trading on the Abu Dhabi Securities Exchange, marking one of the Middle East's initial publicly listed industry firms. The PHX stock debuted at 2.25 dirhams (AED) or $0.6 on December 5, witnessing a remarkable surge of up to 50% from its initial public offering (IPO) price of 1.50 AED, as disclosed in the Phoenix IPO prospectus ..read more
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Venture Capital: Alterra, A $30B UAE Climate Fund, To Partner With BlackRock, Brookfield, TPG
DailyAlts » Alternative Investments
by Saul Griffith
6M ago
Lunate Capital, based in the UAE, is partnering with global asset managers to create a $30 billion climate fund named Alterra, as announced at the COP28 summit in Dubai. Managed by Lunate and funded by the UAE, Alterra will consist of two components: Alterra Acceleration, allocating $25 billion to institutional capital, and Alterra Transformation, providing $5 billion in risk mitigation for investments in the Global South and emerging markets. Lunate Capital, part of Chimera Investment LLC and owned by the Abu Dhabi royal family, currently manages over $50 billion in assets and is head-quarter ..read more
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Alternative Investments/ESG: SP Funds Unveils Shariah-Compliant Global Tech ETF
DailyAlts » Alternative Investments
by Saul Griffith
6M ago
SP Funds has expanded its suite of Sharia-compliant funds with the launch of The SP Funds S&P Global Technology ETF (SPTE) on the New York Stock Exchange. As North America's largest family of Shariah-compliant exchange-traded funds (ETFs), SP Funds aims to provide investors access to cutting-edge technological advancements through SPTE ..read more
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