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THE DAILY INDEX

Technology, AI, software, security, crypto and business

ARTICLES & TUTORIALS

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MONEY IS POURING INTO AI. SKEPTICS SAY IT’S A ‘GRIFT SHIFT’

The move from crypto to artificial intelligence fueled the markets this year, but some are questioning how much of it is real. A company that wasn’t doing well renamed itself to “Applied Blockchain”, but a little too late. Luckily for them, ChatGPT came out a few months later. To boost their stock price, they renamed themselves “Applied Digital” and mentioned AI a few times in their earnings call, getting a hyped 450% increase in the public markets. While dollars are flowing in quickly to all things AI, it is yet to be seen whether these companies can even last.

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