Gemini cuts 30% of staff, uses AI

The Gemini crypto exchange has implemented significant workforce reductions, with layoffs bringing staff cuts to approximately 30% since the beginning of the year. The company cited the deployment of artificial intelligence tools as a means to enhance productivity amidst these changes. This strategic shift follows a challenging financial period, as Gemini reportedly incurred losses exceeding $500 million last year. The exchange is navigating a complex market environment by optimizing operations and leveraging new technologies.