OceanPal charts new course into AI and crypto infrastructure
Greek shipowner OceanPal has taken a major step outside traditional shipping, unveiling a new subsidiary focused on artificial intelligence and blockchain.
The Nasdaq-listed bulker and tanker owner said it has raised $120m through a private investment in public equity (PIPE) deal to launch SovereignAI, a new digital venture aimed at commercialising the NEAR Protocol and developing confidential AI-cloud infrastructure powered by NVIDIA technology.
In partnership with the NEAR Foundation, SovereignAI plans to build blockchain-native infrastructure designed for “universal AI sovereignty” — a model where AI systems can operate independently and securely across decentralised networks. The venture intends to acquire up…
