Wintermute plans $1 billion AI push beyond crypto: Bloomberg
60-second summary
Wintermute is planning a $1 billion push into AI, expanding its focus beyond the crypto market. The firm aims for non-crypto markets to drive over 50% of revenue by 2027, up from 10% currently. This diversification strategy is expected to reduce the company's reliance on crypto volatility and capitalize on emerging AI opportunities.
The firm aims for non-crypto markets to drive over 50% of revenue by 2027, up from 10% currently, as it seeks to diversify its business.