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PowerBank Corporation Announces Contracts with Intellistake for Full Deployment of AI Agents Following Successful Beta Testing Phase
Prnewswire· 2026-02-05 12:07
Core Insights - PowerBank Corporation has transitioned from beta testing to operational deployment of IntelliScope Enterprise Hub AI agents developed by Intellistake Technologies Corp, marking a significant step in enhancing its renewable energy project development capabilities [2][8]. Group 1: Contracts and Deployment - PowerBank signed two contracts with Intellistake Technologies on February 4, 2026, to formally onboard and deploy the IntelliScope Enterprise Hub AI agents [2][4]. - The contracts include the build and deployment of two AI agent platforms, which completed approximately three months of proof-of-concept development during a closed beta phase [4][8]. - The combined Year 1 value of the two contracted platforms is approximately CA$278,000, which includes initial implementation and subscription services [14]. Group 2: AI Platform Functionality - The IntelliScope Enterprise Hub is designed to support renewable energy project development by analyzing geospatial data, evaluating regulatory requirements, and identifying optimal site locations for solar and battery storage projects [3][12]. - A public-facing AI communications agent will be embedded within PowerBank's website, enabling structured external engagement and generating analytics reports [5][9]. - IntelliScope will serve as a bespoke internal business intelligence platform, focusing on renewable energy development in the U.S. and consolidating fragmented data sources into a single intelligence layer [6][11]. Group 3: Testing and Evaluation - During the beta testing period, PowerBank's teams evaluated the AI agents' capabilities across multiple use cases, including site assessment workflows and permitting analysis [7][8]. - The testing framework examined performance metrics, integration requirements, and operational effectiveness within PowerBank's existing technology infrastructure [7]. Group 4: Future Plans and Expansion - PowerBank plans to expand the use of the IntelliScope Enterprise Hub across additional business functions and project development stages as the AI agents' capabilities are refined [13]. - The company views AI-powered analytical tools as complementary to its existing engineering and business development expertise, enhancing data processing and decision-making [13].
Barry Silbert Sees Latest Slump As 'Gift From Crypto Gods,' Drops His Top Bets Even As Bitcoin Sinks Under $75,000
Yahoo Finance· 2026-02-03 19:01
Core Insights - Barry Silbert, CEO of Digital Currency Group, views the recent cryptocurrency crash as an opportunity for significant capital inflows into the sector [1][2] - Silbert describes the market slump as a "gift from the crypto gods," indicating it is clearing out excess leverage and underperforming tokens [2][3] - He anticipates a massive capital rotation into cryptocurrency, urging investors to select their preferred assets [2][3] Market Conditions - The cryptocurrency market experienced a sharp decline, with Bitcoin and Ethereum reaching their lowest levels in months, Bitcoin dropping below $75,000 [3] - Nearly $800 million was liquidated from the market within 24 hours, including $600 million in leveraged long positions, leading to a sentiment of "Extreme Fear" [4] Investment Strategies - Silbert's top cryptocurrency picks include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Zcash (ZEC), and Bittensor (TAO), which is associated with decentralized AI [3] - Michael Saylor of Strategy Inc. indicated intentions to purchase during the current dip to increase Bitcoin holdings [6]
X @BSCN
BSCN· 2026-01-29 09:20
RT BSCN (@BSCNews)🚨 Is Perceptron Network the next big AI play...?@PerceptronNTWK is a decentralized AI data network.This early-stage platform hopes to secure a dominant spot in the CryptoAI landscape.But will its novel approach to AI data and rewards be enough...? ⬇️ ...
X @BSCN
BSCN· 2026-01-29 02:20
RT BSCN (@BSCNews)🚨 Is Perceptron Network the next big AI play...?@PerceptronNTWK is a decentralized AI data network.This early-stage platform hopes to secure a dominant spot in the CryptoAI landscape.But will its novel approach to AI data and rewards be enough...? ⬇️ ...
Flora Growth Corp. Announces Withdrawal of Proposed Public Offering
TMX Newsfile· 2026-01-28 13:05
Core Viewpoint - Flora Growth Corp. has announced the withdrawal of its proposed public offering of common shares [1] Company Overview - Flora Growth Corp. is set to be rebranded as ZeroStack and is the first Nasdaq-listed asset management company focused on decentralized AI [3] - The company operates a global pharmaceutical distribution business through its wholly owned subsidiary, Phatebo GmbH [3]
Flora Growth Corp. Announces Proposed Underwritten Public Offering
TMX Newsfile· 2026-01-27 21:09
Core Viewpoint - Flora Growth Corp. has initiated an underwritten public offering of its common shares, with the offering subject to market conditions and no assurance on completion or terms [1]. Group 1: Offering Details - The offering is being managed by R.F. Lafferty & Co., Inc. as the sole book-running manager [2]. - The common shares are offered under a "shelf" registration statement on Form S-3, which was filed with the SEC on August 25, 2023, and declared effective on September 6, 2023 [2]. - A prospectus supplement detailing the terms of the public offering will be filed with the SEC and will be part of the effective registration statement [3]. Group 2: Company Overview - Flora Growth Corp. is set to be rebranded as ZeroStack and is the first Nasdaq-listed asset management company focused on decentralized AI [6]. - The company operates a global pharmaceutical distribution business through its wholly owned subsidiary, Phatebo GmbH [6].
Flora Growth Corp. Announces Name Change to ZeroStack Corp., Furthering Its Strategy as an AI-Focused Asset Management Company
TMX Newsfile· 2026-01-27 13:00
Core Viewpoint - Flora Growth Corp. will change its corporate name to "ZeroStack Corp." effective around January 29, 2026, with its common shares trading under the new symbol "ZSTK" on the Nasdaq [1][4]. Group 1: Name and Ticker Change - The name and ticker change reflects the company's evolution towards an AI-focused asset management strategy, with its first investment in $0G, the native asset of the 0G decentralized AI operating system [2]. - The transition to ZeroStack Corp. aligns the company's public identity with its focus on decentralized AI and a disciplined, yield-based asset management strategy [4]. Group 2: Business Focus and Strategy - ZeroStack aims to provide exposure to decentralized AI through a concentrated digital asset approach, generating yield and fee-based income from staking validators, compute power technology companies, and complementary businesses within the $0G ecosystem [3]. - The company holds approximately 123 million $0G tokens, which are integral to its strategy in the decentralized AI landscape [3]. Group 3: Company Background - Flora Growth Corp., soon to be rebranded as ZeroStack, is the first Nasdaq-listed asset management company focused on decentralized AI exposure and also operates a global pharmaceutical distribution business through its subsidiary, Phatebo GmbH [5].
Nvidia CEO Jensen Huang Envisioned Compressing 'Excess Energy' Into AI Models — Grayscale Touts This Crypto As Right Match
Benzinga· 2026-01-08 09:11
Core Insights - Grayscale Investments has identified Bittensor (CRYPTO: TAO) as a token that aligns with Nvidia CEO Jensen Huang's vision of utilizing excess energy for AI model transformation [1][2][3] Group 1: Bittensor and Its Functionality - Bittensor is a decentralized, blockchain-based machine-learning network that allows for the sharing, training, and ranking of AI models [3][4] - The protocol incentivizes participation and contribution by rewarding users with TAO tokens [4] Group 2: Grayscale's Involvement - Grayscale operates the Grayscale Bittensor Trust (OTCQX:GTAO) in over-the-counter markets and has filed an S-1 with the SEC to convert this trust into a spot exchange-traded fund [4] Group 3: Market Performance - As of the latest data, TAO is priced at $274.33, reflecting a 2.66% decrease over the past 24 hours and a significant 42% decline over the past year [5]
Grayscale Investments® Announces Rebalancing of Multi-Asset Funds for Fourth Quarter 2025
Globenewswire· 2026-01-07 21:15
Core Viewpoint - Grayscale Investments has announced updated fund component weightings for its DeFi Fund, Smart Contract Fund, and Decentralized AI Fund as part of their fourth quarter 2025 reviews, reflecting adjustments in their portfolios based on respective index methodologies [1][2][3]. Fund Adjustments - The DEFG Fund's portfolio was adjusted by selling existing components in proportion to their weightings and using the proceeds to purchase components accordingly, with specific asset weightings detailed [2][6]. - The GSC Fund underwent a similar adjustment process, aligning its portfolio with the CoinDesk Smart Contract Platform Select Capped Index methodology [2][11]. - The AI Fund also adjusted its portfolio in accordance with its established methodology, selling and purchasing components based on their weightings [3][16]. Fund Characteristics - None of the DEFG, GSC, or AI Funds generate income, and they regularly distribute fund components to cover ongoing expenses, leading to a gradual decrease in the amount of fund components represented by shares over time [3][10]. - The DeFi Fund aims to provide exposure to leading decentralized finance platforms through a market cap-weighted portfolio designed to track the CoinDesk DeFi Select Index [9][10]. - The GSC Fund seeks to provide exposure to industry-leading smart contract platforms, also through a market cap-weighted portfolio, subject to a weightings cap [11]. Company Overview - Grayscale Investments is recognized as the largest digital asset-focused investment platform, with approximately $27.5 billion in assets under management as of September 30, 2025 [5][20]. - The company has a decade-long track record in the digital asset space, offering a range of investment products that provide single asset, diversified, and thematic exposure [20].
Nvidia Absorbs Another Rival for $20B, Boosting Decentralized AI
Yahoo Finance· 2025-12-25 00:53
Acquisition Strategy - NVIDIA has agreed to pay approximately $20 billion to acquire assets from AI chip startup Groq, marking its largest transaction on record and continuing its strategy of absorbing potential competitors [1] - The deal closed just three months after Groq raised $750 million at a $6.9 billion valuation, with notable investors including BlackRock, Samsung, and Cisco [2] - The acquisition follows a pattern established by NVIDIA, which previously paid over $900 million to hire Enfabrica's CEO and employees while licensing the startup's technology [3] Competitive Landscape - Groq's Language Processing Unit utilizes on-chip SRAM for improved energy efficiency, claiming up to 10x better performance, which NVIDIA can now leverage within its ecosystem [4] - The timing of the acquisition is significant as Google recently unveiled its seventh-generation TPU and released Gemini 3, indicating increasing competitive pressure in the AI chip market [5] - NVIDIA's response to Google's advancements suggests that the company is aware of the mounting competition and is taking proactive measures to maintain its market dominance [5]