Latest news with #MatthewGraham
Yahoo
03-06-2025
- Business
- Yahoo
Ryze Labs Makes Strategic Investment in EdgeX Labs to Accelerate the Future of Decentralized AI Hardware
Funding to Support Global Node Expansion, EdgeX OS Development, and AI Agent Infrastructure GEORGETOWN, Ky., June 03, 2025--(BUSINESS WIRE)--Ryze Labs, a global leader in blockchain and emerging tech innovation, today announced its strategic investment in EdgeX Labs, a pioneer in decentralized edge computing. EdgeX Labs will use this round of funding to accelerate the deployment of global edge nodes, optimize the performance of the EdgeX OS system, and expand the ecological applications of its core product, EdgeX AI Agent. At the heart of this investment is Ryze Labs' core thesis that the future of AI and crypto will be defined by the convergence of hardware and software. As AI agents become increasingly autonomous and persistent, they will require infrastructure that's not only decentralized, but also physically distributed and able to run locally on user-owned devices, outside of the cloud. EdgeX Labs embodies this vision, offering a decentralized computing layer optimized for multi-agent coordination, local inference, and hardware-level privacy. Ryze Labs' core thesis has also informed its incubation of Amiko, in collaboration with EdgeX Labs, which is a new personal AI platform developed through its Ryze Labs Launchpad. Amiko is what Ryze Labs calls an orchestration layer, a combination of edge-based software and dedicated hardware designed to run and coordinate a team of emotionally intelligent and highly personalized AI agents. "This investment from Ryze Labs marks a solid step forward in our journey within the global edge computing landscape. Looking ahead, we will continue to focus on technological innovation, expand our ecosystem partnerships, and provide robust infrastructure support for the widespread adoption and development of AI. We look forward to collaborating with Ryze Labs and other partners to jointly pioneer the future of intelligent infrastructure, specifically bringing the personal AI companion Amiko to market," said Davy Wang, Founder of EdgeX Labs. EdgeX Labs, founded by seasoned executives and engineers from Xiaomi, Google, Amazon, Alibaba Cloud, and Tencent, has already deployed over 10,000 live nodes globally. Its custom EdgeX OS enables real-time orchestration of AI agents at the edge, while active partnerships with GCP, MTK Edge, and ROAM position it at the forefront of the edge AI ecosystem. "At Ryze Labs, we've long believed the future of AI won't just live in the cloud but will live with us," said Matthew Graham, Managing Partner at Ryze Labs. "EdgeX Labs is building the decentralized infrastructure to power that future, and Amiko is how we bring it to life as a persistent, emotionally aware companion running locally on your own device." For more information about Ryze Labs, visit To learn more about EdgeX Labs, visit About Ryze Labs Ryze Labs is a global investment firm supporting visionary founders building the future of Web3 and AI. The firm backs breakthrough technologies that drive mainstream adoption and democratize access to the next generation of the internet, with a focus on high-growth emerging markets. Ryze Labs has invested in some of the most successful Web3 projects to date, including Solana, LayerZero, Polygon, and Wintermute. Through its incubation arm, Ryze Labs has also launched next-generation AI ventures including Eliza Wakes Up, a project dedicated to bringing advanced AI-driven humanoid companions to life by leveraging ElizaOS, open-source technologies, and advanced robotics, and Amiko, a platform that combines custom hardware and software to power truly personal AI agents. View source version on Contacts Media ContactHigh Vibe PRTiffany Kavumatiffany@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
03-06-2025
- Business
- Business Wire
Ryze Labs Makes Strategic Investment in EdgeX Labs to Accelerate the Future of Decentralized AI Hardware
GEORGETOWN, Ky.--(BUSINESS WIRE)-- Ryze Labs, a global leader in blockchain and emerging tech innovation, today announced its strategic investment in EdgeX Labs, a pioneer in decentralized edge computing. EdgeX Labs will use this round of funding to accelerate the deployment of global edge nodes, optimize the performance of the EdgeX OS system, and expand the ecological applications of its core product, EdgeX AI Agent. At the heart of this investment is Ryze Labs' core thesis that the future of AI and crypto will be defined by the convergence of hardware and software. As AI agents become increasingly autonomous and persistent, they will require infrastructure that's not only decentralized, but also physically distributed and able to run locally on user-owned devices, outside of the cloud. EdgeX Labs embodies this vision, offering a decentralized computing layer optimized for multi-agent coordination, local inference, and hardware-level privacy. Ryze Labs' core thesis has also informed its incubation of Amiko, in collaboration with EdgeX Labs, which is a new personal AI platform developed through its Ryze Labs Launchpad. Amiko is what Ryze Labs calls an orchestration layer, a combination of edge-based software and dedicated hardware designed to run and coordinate a team of emotionally intelligent and highly personalized AI agents. 'This investment from Ryze Labs marks a solid step forward in our journey within the global edge computing landscape. Looking ahead, we will continue to focus on technological innovation, expand our ecosystem partnerships, and provide robust infrastructure support for the widespread adoption and development of AI. We look forward to collaborating with Ryze Labs and other partners to jointly pioneer the future of intelligent infrastructure, specifically bringing the personal AI companion Amiko to market,' said Davy Wang, Founder of EdgeX Labs. EdgeX Labs, founded by seasoned executives and engineers from Xiaomi, Google, Amazon, Alibaba Cloud, and Tencent, has already deployed over 10,000 live nodes globally. Its custom EdgeX OS enables real-time orchestration of AI agents at the edge, while active partnerships with GCP, MTK Edge, and ROAM position it at the forefront of the edge AI ecosystem. 'At Ryze Labs, we've long believed the future of AI won't just live in the cloud but will live with us,' said Matthew Graham, Managing Partner at Ryze Labs. 'EdgeX Labs is building the decentralized infrastructure to power that future, and Amiko is how we bring it to life as a persistent, emotionally aware companion running locally on your own device.' For more information about Ryze Labs, visit To learn more about EdgeX Labs, visit About Ryze Labs Ryze Labs is a global investment firm supporting visionary founders building the future of Web3 and AI. The firm backs breakthrough technologies that drive mainstream adoption and democratize access to the next generation of the internet, with a focus on high-growth emerging markets. Ryze Labs has invested in some of the most successful Web3 projects to date, including Solana, LayerZero, Polygon, and Wintermute. Through its incubation arm, Ryze Labs has also launched next-generation AI ventures including Eliza Wakes Up, a project dedicated to bringing advanced AI-driven humanoid companions to life by leveraging ElizaOS, open-source technologies, and advanced robotics, and Amiko, a platform that combines custom hardware and software to power truly personal AI agents.
Yahoo
20-05-2025
- Business
- Yahoo
Investors shrug off Moody's downgrade as stocks, U.S. borrowing costs stay largely flat
Investors largely shrugged off a downgrade of the U.S.' credit rating in Monday trading, as stocks ended the day mostly flat. The Dow Jones Industrial Average added more than 130 points for an increase of 0.32%. The broader S&P closed up 0.09% and the tech-heavy Nasdaq gained 0.02%. Late Friday, Moody's became the third and final major ratings agency to downgrade U.S. debt, reducing it by one notch from AAA to Aa1. Credit ratings agencies help determine how reliably a country can pay off its debt. Yet the market for U.S. government debt has so far remained mostly stable. As of 4 p.m., the yield on the 10-year Treasury note — the government's benchmark loan asset — was only a few percentage points above where it traded Friday, climbing to 4.46%. That remans well below the most recent high of 4.59% briefly seen last month. 'The downgrade itself doesn't seem so far to have made much of a market splash,' analysts at the Capital Economics research consultancy wrote in a note. While the government's debt yield — or the percentage return demanded by investors for lending to it — briefly climbed Monday, the analysts said, 'the moves haven't been enormous.' They noted similar market reactions to the prior U.S. credit downgrades, which occurred in 2011 and 2023. While stock and bond buyers went largely unscathed Monday, home buyers now face higher mortgage costs as a result of the downgrade. The average rate on the popular 30-year fixed-rate loan hit as much as 7.04% on Monday, according to Mortgage News Daily. That was the highest level since April 11. 'The average mortgage lender had to account not only for the market movement in Friday's closing minutes, but also to the additional weakness seen this morning. That makes for a fairly big jump, day-over-day, but it does very little to change the bigger picture,' Matthew Graham, chief operating officer at Mortgage News Daily, said according to CNBC. In remarks accompanying its downgrade, Moody's said America's ability to control its balance sheet has eroded over the years, something that has forced yields higher. 'Successive U.S. administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal deficits and growing interest costs,' it said. 'We do not believe that material multi-year reductions in mandatory spending and deficits will result from current fiscal proposals under consideration.' But while Friday's downgrade garnered international headlines, individual stock buyers continue to prop up the market, helping to counterbalance the declines. These "retail" buyers, who are largely individual investors as opposed to larger firms like pension funds or hedge funds, have fueled the broader market recovery since President Donald Trump's shock "Liberation Day" tariffs announcement sent stocks tumbling. A popular investment instrument from Vanguard that has become a proxy for retail buying was flat Monday, suggesting there remained little appetite among retail traders for selling. The U.S. is by no means out of the woods. In the first place, the prior years' downgrades have done little to alter America's fiscal trajectory. Meanwhile, third-party budget experts like the Congressional Budget Office and the Penn Wharton Budget Model say the spending bill sought by Trump now working its way through Congress would likely fail to address the U.S.' predicament. As stocks wavered, one of the most prominent voices on Wall Street warned they are likely to go lower. According to CNBC, JP Morgan CEO Jamie Dimon told investors Monday that he believes the odds of stagflation in the U.S. economy, which he described as "basically a recession with inflation,' are roughly double what the market thinks — a scenario Dimon said will cause corporate earnings to decline. But in a call with reporters Monday, the White House dismissed concerns about the deficit, saying they fail to account for how much growth it says Trump's economic policies could generate and neglect what it says are ongoing government spending cuts by the Department of Government Efficiency and revenue streams from tariffs. Others remain unconvinced by that rosy picture. "In the short run, the U.S. is still the world's reserve currency and store of wealth," Mike Goosay, chief investment officer and global head of fixed income at Principal Asset Management financial group, wrote in a note to clients. "But the bigger issue is long-term," he continued. "If global investors start to question the U.S. role in the global order, that's when we could see real consequences." This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
NBC News
19-05-2025
- Business
- NBC News
Investors shrug off Moody's downgrade as stocks, U.S. borrowing costs stay largely flat
Investors largely shrugged off a downgrade of the U.S.'s credit rating in Monday trading as stocks ended the day mostly flat. The Dow Jones Industrial Average added more than 130 points for an increase of 0.32%. The broader S&P closed up 0.09%. The tech-heavy Nasdaq gained 0.02%. Late Friday, Moody's became the third and final major ratings agency to downgrade U.S. debt, reducing it by one notch from AAA to Aa1. Credit ratings agencies help determine how reliably a country can pay off its debt. Yet the market for U.S. government debt has so far remained mostly stable. As of 4 p.m. the yield on the 10-year Treasury note — the government's benchmark loan asset — was only a few percentage points above where it traded Friday, climbing to 4.46%. That remans well below the most recent high of 4.59% briefly seen last month. 'The downgrade itself doesn't seem so far to have made much of a market splash,' analysts at the Capital Economics research consultancy wrote in a note. While the government's debt yield — or the percentage return demanded by investors for lending to it — briefly climbed Monday, the analysts said, 'the moves haven't been enormous.' They noted similar market reactions to the prior U.S. credit downgrades, which occurred in 2011 and 2023. While stock and bond buyers went largely unscathed Monday, home buyers now face higher mortgage costs as a result of the downgrade. The average rate on the popular 30-year fixed-rate loan hit as much as 7.04% on Monday, according to Mortgage News Daily. That was the highest level since April 11. 'The average mortgage lender had to account not only for the market movement in Friday's closing minutes, but also to the additional weakness seen this morning. That makes for a fairly big jump, day-over-day, but it does very little to change the bigger picture,' Matthew Graham, chief operating officer at Mortgage News Daily, said according to CNBC. In remarks accompanying its downgrade, Moody's said America's ability to control its balance sheet has eroded over the years, something that has forced yields higher. 'Successive U.S. administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal deficits and growing interest costs,' it said. 'We do not believe that material multi-year reductions in mandatory spending and deficits will result from current fiscal proposals under consideration.' But while Friday's downgrade garnered international headlines, individual stock buyers continue to prop up the market, helping to counterbalance the declines. These "retail" buyers, who are largely individual investors as opposed to larger firms like pension funds or hedge funds, have fueled the broader market recovery since President Donald Trump's shock "Liberation Day" tariffs announcement sent stocks tumbling. A popular investment instrument from Vanguard that has become a proxy for retail buying was flat Monday, suggesting there remained little appetite among retail traders for selling. The U.S. is by no means out of the woods. In the first place, the prior years' downgrades have done little to alter America's fiscal trajectory. Meanwhile, third-party budget experts like the Congressional Budget Office and the Penn Wharton Budget Model say the spending bill sought by Trump now working its way through Congress would likely fail to address the U.S.'s predicament. As stocks wavered, one of the most prominent voices on Wall Street warned they are likely to go lower. According to CNBC, JP Morgan CEO Jamie Dimon told investors Monday that he believes the odds of stagflation in the U.S. economy, which he described as "basically a recession with inflation,' are roughly double what the market thinks — a scenario Dimon said will cause corporate earnings to decline. But in a call with reporters Monday, the White House dismissed concerns about the deficit, saying they fail to account for how much growth it says Trump's economic policies could generate and neglect what it says are ongoing government spending cuts by the Department of Government Efficiency and revenue streams from tariffs. Others remain unconvinced by that rosy picture. "In the short run, the U.S. is still the world's reserve currency and store of wealth," Mike Goosay, Chief Investment Officer and Global Head of Fixed Income at Principal Asset Management financial group, wrote in a note to clients. "But the bigger issue is long-term. If global investors start to question the U.S. role in the global order, that's when we could see real consequences."
