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In 2023, after nearly three decades as CEO of the company he founded, Robert LoCascio stepped down as CEO of LivePerson, the public firm credited with pioneering web chat in 1997. Generative AI advances inspired his next project, which he calls “the highest bar” for the technology: replicating human beings with their life stories and … Read more
One of the world’s oldest investment institutions, Morgan Stanley, has advised clients to allocate 2-4% of their investment portfolios to crypto. With a strong spotlight on Bitcoin as a “scarce asset, akin to digital gold,” Morgan Stanley’s suggestion is a pivot in Wall Street’s stance toward digital assets. On 5 October 2025, Morgan Stanley’s Global … Read more
South Korea’s retail investors, once among Tesla’s most loyal backers, are sharply reducing their exposure to the EV maker and shifting toward crypto-linked equities. Summary Korean retail sold $657M Tesla shares in August, $1.8B over 4 months. Crypto-linked stocks now make up 31.4% of top foreign buys. Over 10.8M Koreans trade crypto, with volumes beating equities. Bloomberg reported … Read more
Key Takeaways The Sandbox is laying off over 50% of its workforce and moving away from metaverse projects. The company will soon unveil a meme coin launchpad on Base. Share this article The Sandbox, the high-profile metaverse and NFT platform backed by Animoca Brands, is undergoing a large-scale restructuring and executive transition, according to a … Read more
Amid struggles in its EV business, cash-starved Faraday Future is pivoting to crypto and AI. Summary Faraday Future is pivoting to crypto and embodied AI The firm hopes its crypto treasury will attract capital and help it raise cash for its business So far, Faraday Future has produced only 16 of its FF 91s vehicles … Read more
African B2B e-commerce startup Sabi has laid off around 20% of its workforce (~50 employees) as it pivots from its original retail-focused platform to double down on a growing business in commodity exports. The layoffs, confirmed by the company on Thursday, are part of a broader restructuring aimed at aligning resources with what it describes … Read more
Three years ago, Stellantis announced it was pairing up with Amazon to create in-car software that would bring a slew of connected products and services to vehicles by 2024 as part of the automaker’s broader plan to generate $22.5 billion annually from software. That never happened. And now, the partnership is “winding down,” Reuters reported. … Read more
The Cofrentes nuclear power plant, on 17 October, 2024 in Valencia, Valencian Community, Spain. Europa Press News | Europa Press | Getty Images A European-wide shift to nuclear power appears to be gathering momentum as countries hedge their bets in pursuit of more energy independence. In just the last few weeks, Denmark announced plans to … Read more
Shanghai-based Cango has signed definitive agreements to sell its China operations for $351.94 million in cash, marking a strategic shift towards cryptocurrency mining. Ursalpha Digital Limited, a British Virgin Islands-registered entity, will acquire Cango’s PRC business. The transaction includes an initial $210.64 million payment upon closing, with the remaining balance contingent on tax obligations and … Read more
H.C. Wainwright & Co. analyst Mike Colonnese has added Bitfarms stock to the firm’s top picks in the Bitcoin mining sector for 2025, citing strong operational improvements and a shift toward high-performance computing and AI infrastructure. In a research note following Bitfarms’ Q4 2024 earnings report and conference call, Colonnese said the market is “significantly … Read more
https://www.profitablecpmrate.com/nsirjwzb79?key=c706907e420c1171a8852e02ab2e6ea4