In a statement, Mythic, a startup which makes artificial intelligence chips for use in gadgets such as smart home devices or security cameras said, it has raised $70 million in its latest funding round. Redwood City, California-based Mythic uses analog technology for its chips rather than digital; While digital chips process and store data in…
In the last four years the price of bitcoins have jumped by 264%. In a significant development that could lead to the widespread adoption of bitcoin technology, the global chief investment strategist for BlackRock Inc has suggested that while a loose monetary policy may have aided speculation in digital currencies, including bitcoin, the risks to…
Unlike BlackRock, very few companies in the world have been able to build a successful index fund franchise like its iShares. The world’s biggest asset manager, BlackRock, has reported a double digit profit in its first quarter report of this year with investors ploughing in their money into its index funds. Despite the good news,…
The move underscores BlackRock’s drive towards technologically backed investment decisions. The world’s largest asset manager, BlackRock Inc, has disclosed that Chuck Robbins, Cisco Systems Inc’s Chief Executive has been nominated to serve on its board of directors. In its statement BlackRock disclosed that Robbins will be joining the board as an independent director, if elected…
To engineer a turnaround, BlackRock is increasingly focusing on “scientific” data-driven approaches to beat the market. BlackRock Inc, the world’s biggest asset manager, has stated it will be overhauling its actively managed equities business by dropping fees, cutting jobs, and by relying more on computers to pick stocks in a move that underscores the growing…
business-gurus.com 