Category: Blockchain

AIBlockchainBusiness

CoreWeave’s $9 Billion Core Scientific Acquisition Faces Shareholder Resistance

CoreWeave’s planned $9 billion acquisition of Core Scientific faces significant opposition after a major proxy advisor recommended shareholders reject the deal. The resistance signals potential cooling in the data center merger market amid unprecedented AI infrastructure investments. Two Seas Capital, a major shareholder, has publicly supported the recommendation against the transaction.

Major Proxy Advisor Opposes Core Scientific Acquisition

The proposed $9 billion acquisition of data center infrastructure provider Core Scientific by AI cloud provider CoreWeave is facing substantial resistance, according to recent reports. Institutional Shareholder Services (ISS), a leading proxy advisory firm, has recommended that Core Scientific shareholders vote against the transaction, sources indicate.

by Owen Holt
AIBlockchain

Blockchain Innovations Could Restore Digital Ownership Amid AI Data Harvesting

As AI systems vacuum up personal data without compensation, blockchain-based solutions are emerging that could shift power back to individuals. Advances in verifiable data and compute technologies are creating a trust layer for the internet that enables true digital ownership. These developments come as regulatory and corporate initiatives signal growing momentum for user-controlled data economies.

The Erosion of Digital Ownership

According to recent analysis, the American dream of ownership is increasingly elusive in both physical and digital realms. Sources indicate that while three-quarters of young Americans aspire to home ownership, barely half believe they will ever achieve it. This lack of ownership extends to our digital lives, where personal data has become a valuable asset that primarily benefits large corporations rather than the individuals who create it.

by Harlow Wesley