Wintermute, a firm involved in the cryptocurrency space, is planning a significant expansion of its business into non-crypto markets, according to reporting from CoinDesk based on information from Bloomberg.
The company aims to drive over 50% of its revenue from these non-crypto markets by 2027, which is a substantial increase from the current 10%.
This expansion is part of a broader $1 billion push into artificial intelligence, as Wintermute seeks to diversify its business beyond its current focus.