Eightco Holdings Inc. (NASDAQ: ORBS) shares were slightly lower Thursday, after the company provided an update on its total holdings, highlighting its position across digital assets and strategic investments in leading private technology companies.
As of August 5, ORBS' holdings include a $90-million investment (indirectly, through SPVs) in OpenAI, an $18-million funded investment in Beast Industries, a $1-million investment in Mythical Games, 301,971,219 Worldcoin (WLD) at $0.32 per WLD (per Coinbase), 16,278 Ethereum (ETH), and approximately $142 million in total cash and stablecoins, for total holdings of approximately $378 million.
Eightco's management believes the Company's treasury portfolio holds some of the most critical components for the future AI and digital financial system. This week's top headlines include:
On August 2, the World Bank released a report noting that artificial intelligence could enable developing countries to gain a century's worth of development in a decade if they act quickly on power, connectivity and skills gaps.
"AI has thrown developing economies a lifeline, and they should seize it," said Indermit Gill, the World Bank's chief economist.
On July 29, it was reported that the AI boom is creating thousands of high-paying jobs for electricians, carpenters, and other skilled trades needed to build the infrastructure powering the future of AI.
ORBS shares began Thursday lost 0.07 cents, or 1%, to 66.4 cents.
