Short-seller Carson Block compares SoFi to Enron in a letter to the fintech firm's board

Carson Block, the founder of Muddy Waters Research, unveiled his short bet against SoFi last month, and has compared the ...
theblock

Cipher Digital adds third AI lease, lines up $200 million credit facility as CIFR shares rise 10%

Cipher is increasingly leaning on debt-backed, flexible financing rather than equity issuance as it scales out its AI infrastructure. The steady stream of long-term leases suggests hyperscalers are ...
CoinDesk

Cipher Digital stock rises 9% on new data center deal with Hyperscale tenant

Cipher Digital (CIFR) shares jumped 9% in pre-market trading after the company, formerly a bitcoin miner, announced a new long-term data-center lease and said it secured a $200 million revolving ...
Yahoo Finance

Cipher Digital Deepens Shift To AI And HPC With Lease And Credit Line

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The New York Times

I Worked for Block. Its A.I. Job Cuts Aren’t What They Seem.

Mr. Zamost was the head of communications, policy and people at Square, now known as Block, from 2015 to 2020. See more of our coverage in your search results.Encuentra más de nuestra cobertura en los ...
Wall Street Journal

Jack Dorsey Blamed AI for Block’s Massive Layoffs. Skeptics Aren’t Buying It.

In September, payments firm Block Inc.XYZ-4.15%decrease; red down pointing triangle gathered 8,000 of its employees from around the globe to California for an extravaganza celebrating the company’s ...
Los Angeles Times

AI-washing: How companies like Block may use AI as a layoff excuse

When Block Inc. laid off nearly half its staff last week, co-founder Jack Dorsey offered a seemingly simple explanation: Artificial intelligence was allowing the company to do more with fewer ...
Forbes

Block Fired 40% of its People. Wall St. Cheered. It’s Just the Start.

Forbes contributors publish independent expert analyses and insights. I write about how AI will impact people, business and society. This voice experience is generated by AI. Learn more. This voice ...
The Desert Sun

Block CEO Jack Dorsey cites AI for layoff of nearly 50% of workers

The CEO of Block, Inc., announced layoffs of about half its workforce on Feb. 26, citing AI as the reason for the large cuts and warning the tech industry of a larger push towards AI. Jack Dorsey, CEO ...
Business Insider

Here's what smart people are saying about Jack Dorsey slashing Block's workforce

Jack Dorsey announced major layoffs at Block, cutting nearly half of its workforce. Dorsey said AI was behind the cuts, and the company's stock rose over 20% in after-hours trading. Tech and VC ...
Engadget

Block, the parent of Square and Cash App, is laying off over 4,000 people

Block is the latest business to announce layoffs, with the operator of payment platforms Square and Cash App opting to cut jobs in favor of using more AI tools. The financial tech company, helmed by ...