AI Disruption: Capital Moves and Startups to Watch

AI Disruption: Capital Moves and Startups to Watch

This week, we spotlight Alset Capital's strategic moves to broaden its investor base in the United States, highlighting a broader trend of significant investment and innovation in AI infrastructure. From CoreWeave's remarkable valuation surge to Apple's privacy-centric AI advancements, our coverage spans key industry milestones and emerging opportunities. Additionally, we explore wider tech phenomena, including anticipated climate shifts, the evolving electric vehicle market, and policy changes affecting major platforms like TikTok. Stay ahead of the curve with our in-depth analyses and insights into these pivotal developments.

Look out USA here comes Alset

Alset Capital Inc. broadens its investor base in the United States with its new OTC listing, trading under the symbol ALSCF.

Alset Capital Inc. Expands US Investor Reach with OTC Listing - Financial Gambits
Alset Capital Inc. (TSXV:KSUM, OTC:ALSCF, FSE:1R60) announces OTC listing to enhance investor access. Discover the latest financial insights on FG.

AI News

Find out how CoreWeave achieved a staggering $19 billion valuation with its innovative cloud infrastructure!

Little-Known AI Startup CoreWeave Hits $19B Valuation - FG | Financial Gambits
The generative AI boom has minted another startup unicorn, with cloud infrastructure provider CoreWeave raising $1.1 billion at a whopping $19 billion

Perplexity AI’s path to achieving unicorn status and its implications for AI development!

Perplexity AI Achieves Unicorn Status with $63M Funding
Perplexity AI, a generative AI search startup, reaches $1 billion valuation after raising $63 million in a funding round led by notable investors.
Nvidia Acquires Run:ai for $700M to Boost AI Capabilities
Nvidia has acquired Israeli startup Run:ai for $700 million to enhance its AI infrastructure and solidify its position in the AI chip market.

Apple’s new OpenML models enhance device privacy and performance!

Apple Unveils OpenELM: On-Device AI Models for Enhanced Privacy - FG | Financial Gambits
Discover how Apple’s new OpenELM models bring advanced AI capabilities to devices, enhancing privacy and performance. Learn about the features and future prospects.

Other Tech News

The implications and challenges of President Biden’s TikTok ban!

Biden Signs TikTok Ban: Potential Implications and Challenges
Explore the recent TikTok ban signed by President Biden, its potential implications, and the challenges surrounding the decision.

Challenges leading to Fisker’s potential bankruptcy and what it means for the EV industry!

Fisker Faces Bankruptcy as Financial Woes Mount | EV Maker’s Future Uncertain - FG | Financial Gambits
Fisker Inc., the electric vehicle manufacturer, is on the brink of bankruptcy due to financial struggles, operational challenges, and dwindling cash reserves.

Elon Musk’s AI startup XAI secured $6 billion and what it means for the future of AI!

Elon Musk’s xAI Secures $6 Billion in Funding Round - FG | Financial Gambits
Elon Musk’s AI startup, xAI, is close to securing a $6 billion investment, valuing the company at $18 billion. Learn about the investors and plans for xAI.

Apple's Unprecedented $110 Billion Share Buyback

Apple’s Record $110B Buyback: Implications for Investors - FG | Financial Gambits
Discover the implications of Apple’s historic $110 billion share buyback for investors. Learn about the company’s shifting growth prospects and future challenges.

Nano One's sustainable production of lithium-ion battery cathode

Nano One and Worley Sign License and Alliance Agreements to Jointly Develop, Market and Deploy Cathode Plant Design - FG | Financial Gambits
VANCOUVER, BC / ACCESSWIRE / May 2, 2024 / (TSX:NANO)(OTC PINK:NNOMF)(Frankfurt:LBMB)

Check out the advancements in sodium battery technology that could revolutionize energy storage!

Rapidly Charging Sodium Batteries Revolutionize Energy Storage
Discover the groundbreaking advancements in sodium-ion battery technology, enabling rapid charging and high energy density for various applications.

The predicted shift from El Niño to La Niña in 2024 and its global impact!

The End of El Niño: Transition to La Niña in 2024 - FG | Financial Gambits
Discover the expected end of the current El Niño event and the potential shift to La Niña conditions by late 2024, along with its implications for global weather patterns.

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Alset Capital Inc. Announces $26 Million H100 Server Contract by Investee Company Cedarcross

Alset Capital Inc. Announces $26 Million H100 Server Contract by Investee Company Cedarcross

News Release Highlights: * Alset investee, Cedarcross signs $26 million Nvidia H100 GPU server contract. * Cedarcross achieves approx. $28 million cumulative revenue year to date with its high-performance computing (“HPC”) server distribution business vertical alone. * Nvidia’s H100 Servers are used in “transformational AI Training”, offering up to “7x higher performance

By Financial Gambits
Alset Capital Inc. Investee Company Cedarcross Technologies Announces Nvidia AI Server Agreement, and Signs C$2.3 Million First H100 Server Distribution Transaction

Alset Capital Inc. Investee Company Cedarcross Technologies Announces Nvidia AI Server Agreement, and Signs C$2.3 Million First H100 Server Distribution Transaction

News Release Highlights: * Cedarcross Technologies, Alset investee company, has entered into a distribution agreement with Earthmade Computer, an Authorized Distributor of Super Micro Computer, to provide AI companies with access to Nvidia H100 servers * Cedarcross Technologies achieves significant milestone closing its first distribution transaction with Ceti AI for total revenue

By Financial Gambits