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Bernstein Initiates SharpLink Coverage With Outperform Rating for Ethereum Treasury

Bernstein analysts have initiated coverage of SharpLink Gaming with an 'outperform' rating, predicting that the company’s share price could increase significantly as the Federal Reserve lowers borrowing costs. The price target set by Bernstein is $24 per share, representing an estimated 80% increase from its current price of approximately $13.08. SharpLink holds 859,400 Ethereum, valued at about $12.65 billion. Analysts emphasized Ethereum's suitability for treasury strategies due to its ability to generate sustainable yields through staking, which could enhance the firm's earnings. SharpLink plans to leverage its Ethereum holdings into layer-2 solutions to improve returns. The firm’s management is noted for its strong alignment with the Ethereum ecosystem, particularly through its chairman Joseph Lubin, co-founder of Ethereum. Bernstein suggests that the premium on SharpLink's shares, currently trading at a discount to its crypto assets, is warranted by the company's strategy to utilize leverage and Ethereum staking yields to generate long-term value for shareholders.

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Microsoft Gave AI Agents Fake Money to Buy Things Online. They Spent It All on Scams

Microsoft's recent study involved AI agents participating in a simulated economy, revealing concerning flaws in autonomous AI shopping. In a test involving 100 AI customer agents competing against 300 business-side agents, researchers found that the customer agents struggled to analyze 100 search results effectively, often opting for the

Microsoft Gave AI Agents Fake Money to Buy Things Online. They Spent It All on Scams

Microsoft conducted an experiment where AI agents were equipped with virtual money to simulate buying and selling in an artificial economy. The research revealed that these agents struggled with making basic purchasing decisions, showing a tendency to select the first option presented rather than conducting thorough comparisons. This behavior, termed

Microsoft Gave AI Agents Fake Money to Buy Things Online. They Spent It All on Scams

Microsoft conducted an experiment involving a simulated economy with AI agents acting as buyers and sellers. The study found that when faced with numerous online options, these AI agents were overwhelmed, leading them to select the first acceptable option rather than conducting thorough comparisons. This resulted in a significant drop

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