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Institutional Investor:  Money Is Pouring Into AI. Skeptics Say It’s A ‘Grift Shift.’
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By Michelle Celarier August 29, 2023

By the time a dormant penny stock company known as Applied Sciences managed to wrangle a listing on the Nasdaq in April 2022, it had reinvented itself as a cloud hosting service for bitcoin miners and changed its name to Applied Blockchain. But with the crypto world crashing that spring, the stock never took off. Within months, Applied Blockchain pivoted again — renaming itself Applied Digital.

If its previous iter


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