MEGA Shifts Focus From Crypto Operations to AI With 20% Staff Cuts

TL;DR: MEGA executed a 20% reduction of its staff after months of internal restructuring, as reported by its co-founder Shuyao Kong . The announcement comes days after the MegaETH Foundation adopted its new name and allocated $30 million to artificial intelligence products. The company indicated that its founders, initial employees, and main engineering team will maintain their commitment to the network’s development. The MEGA company reduced its staff by 20% after months of internal restructuring, a few days after the MegaETH Foundation adopted its new commercial name and committed $30 million for the development of products initially focused on an AI inference market. Over the past few months, we have restructured MEGA to move in a new direction.

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