Business US

Coinbase Slashes Workforce For AI Pivot, Bullish Rallies On $4.2 Bil Buyout

Coinbase is joining the ranks of tech titans cutting jobs in the era of artificial intelligence. COIN stock skidded Tuesday after the cryptocurrency exchange revealed plans to slash a sizable portion of its workforce to focus on AI-powered operations. Bullish spiked after announcing a deal to acquire Equiniti, a global transfer agent. Other cryptocurrency stocks broadly surged as the price…

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