OceanPal Pivots to AI and Blockchain, Secures $120M for NEAR Protocol Venture

preview image

Shipping company OceanPal Inc. has announced a significant strategic shift, raising $120 million through a private investment in public equity (PIPE) deal to launch SovereignAI. This new subsidiary will focus on commercializing the NEAR Protocol and developing artificial intelligence (AI) infrastructure, marking a bold diversification from its traditional maritime operations.

Read more

Comments

Post a Comment

Popular posts from this blog

BitMEX Exposes Lazarus Group's Cyber Security Vulnerabilities

Image
BitMEX's security team has exposed significant operational security vulnerabilities within the Lazarus Group, a North Korean state-sponsored cybercrime organization. Their counter-operations probe revealed critical lapses, including exposed IP addresses, database access, and tracking algorithms, offering unprecedented insight into the group's methods and structure. Read more
Read more