Accelerating Battery Tech, Autonomous Vehicles, and High-Performing Stocks

From Aionics' groundbreaking work in EV batteries to Intel's promising prospects—Discover this week's most impactful stories in AI and finance

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How generative AI is creeping into EV battery development

• Aionics, a Palo Alto startup founded in 2020, is using AI and generative AI to accelerate battery research.

• The company focuses on electrolytes, the critical component in lithium-ion batteries, and aims to find the right mixture for faster charging and more energy-dense batteries.

• Aionics has raised $3.5 million to date and is working with companies like Porsche's Cellforce, Form Energy, and Showa Denko.

• Using AI-accelerated quantum mechanics, Aionics can consider 10,000 molecule candidates every second, speeding up the discovery process.

• Generative AI models are used to design new molecules targeted at specific applications, further enhancing the discovery process.

Didi’s autonomous vehicle arm raises $149M from state investors

• Didi Autonomous Driving has secured up to $149 million in funding from GAC Capital and Guangzhou Development District Investment Group, both affiliated with the municipal government of Guangzhou.

• The funding aims to accelerate R&D, product implementation, and the commercial use of autonomous driving technology.

• Didi's autonomous vehicles have already started commercial operations in the Huadu District of Guangzhou.

• The company plans to introduce self-developed robotaxis to the public 24/7 by 2025 and has partnerships with OEMs like Lincoln, BYD, Nissan, and Volvo.

AMD acquires Nod.ai to bolsters its AI software ecosystem

• AMD has acquired Nod.ai, an open-source AI software provider, to strengthen its AI software ecosystem.

• The acquisition aims to enhance AMD's ability to offer high-performance AI models optimized for AMD hardware.

• Nod.ai's technologies are already widely deployed in the cloud, at the edge, and across various endpoint devices.

• Nod.ai had raised over $20 million in venture funding before the acquisition.

• The company will join AMD's AI group, which plans to expand by around 300 employees by year-end.

Klarna Launches AI-Powered Image Recognition Tool

• Klarna has launched a new AI-powered image recognition tool called "Shopping Lens" to enhance the user shopping experience.

• The tool allows users to upload a picture of an item they are interested in, and it directs them to the best deals on Klarna's app.

• Shopping Lens is trained using data from PriceRunner, a price comparison platform acquired by Klarna last year.

• Klarna's CMO, David Sandstrom, mentioned that the tool provides users with useful information like price comparisons, reviews, and related products.

• The tool aims to serve Klarna's 150 million active users, 80% of whom are looking forward to having an AI shopping assistant.

1 Artificial Intelligence (AI) Stock That's a Screaming Buy in October, and 1 That Appears Poised to Tumble

• Artificial Intelligence (AI) is a significant trend on Wall Street, with PwC forecasting a $15.7 trillion lift to global GDP from AI by 2030.

• Intel stands out as a top buy in October, with its multiple revenue channels and AI ambitions.

• Intel's Xeon processors are being used in high-compute data center servers, and its Falcon Shores GPU is expected to debut in 2025.

• Nvidia, after more than tripling in 2023, appears poised for a potential tumble.

• Nvidia accounts for around 90% of high-compute GPUs in enterprise data centers but faces increasing competition from AMD and Intel.

• Intel’s stock price is lagging behind when compared to Nvidia and AMD (chart below)

The progress in AI regulation has been remarkable, as illustrated by the growing number of nations acknowledging and addressing the impact of artificial intelligence. The map's widespread blue shading across various continents indicates a global embrace of AI, signaling the universal recognition of its transformative potential. This momentum is particularly evident in North America, with the US leading the charge. Similarly, several countries in Europe and Asia have been proactive, passing 10 or more AI-related bills.

War Economic Impact Analysis

Investigate the historical impacts of military conflicts on global financial markets, with a focus on the economic consequences of the ongoing tensions. Include analyses from reputable economic research bodies.

Cryptocurrency Regulation Evolution

Trace recent developments in cryptocurrency regulations across key financial hubs, and how these changes are shaping investor attitudes according to authoritative fintech publications.

Technology IPO Performance

Assess the performance of recent technology sector IPOs, including how market conditions and investor sentiment have influenced their post-IPO trajectories, citing reputable financial analysis reports.

Prompt: Combine the sunset of Frankfurt with a financial chart, use a minimalistic style, the outcome should be artistic and inspiring.

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Until next week,
Stay updated, stay informed, and stay financially strong.

Yours,
AIrvis & Dinu VC

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