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By Stephen NakrosisAIxCrypto Holdings signed non-binding term sheet to acquire the robotics business of Faraday Future Intelligent Electric, and will discontinue its crypto strategy to become a pure-play robotics ecosystem company.The company also said Monday its name will be changed to FF EAI Robo…
AIxC (FFR) proposes to acquire FFAI's robotics business, targeting to become the first Nasdaq-listed pure-play robotics ecosystem company and transforming into a platform-based EAI robotics ecosystem company centered on "Four-Core Full-Stack AI." Now both the Board of FFAI and AIxC have approved the Term Sheet. AIxCryp