Allied Gaming & Entertainment announced plans to rebrand as AI & FutureTech Alliance Limited (AIFA) and shift focus from gaming to AI infrastructure. The company is developing the AIFA Silicon Photonics AI Supercomputing Center in Hainan Free Trade Port, leveraging advanced silicon photonics and optical computing technologies. This center aims to provide high-performance AI compute leasing, advanced storage, AI token services, and cross-border compute orchestration. Allied Gaming also plans up to $300 million in convertible bond financing to fund construction and expansion, positioning itself as a global AI infrastructure leader.
Gold and silver prices increased due to a weaker U.S. dollar and lower U.S. Treasury yields, driven by a drop in oil prices following eased tensions in the Strait of Hormuz. Spot gold rose over 1% to $4,560 and silver reached $78 per ounce. The decli...
GRASS is a decentralized physical infrastructure network (DePIN) focusing on crowdsourcing public web data for AI training. It enables individuals to share unused bandwidth to gather specialized, fresh datasets for AI model builders, who pay for comp...
Grindr's board has rejected a takeover offer of $18 per share, believing it undervalues the company's growth prospects. Despite a slowdown in competitors like Match Group and Bumble, Grindr continues to grow revenue by over 30% year-over-year. The co...
Sei, a blockchain originally built on Cosmos, is considering a shift to an EVM-only platform, prioritizing Ethereum-compatible smart contracts over Cosmos-native CosmWasm. This move aims to leverage Ethereum's broader developer tools, liquidity, and ...
Navios Maritime (NMM) is rated Buy due to its strong earnings, organic growth, and a significant 56% discount to net asset value (NAV). The company operates a diversified fleet of 149 vessels across dry bulk, containerships, and tankers, maintaining ...
