Faraday Future pivots to crypto and AI as car sales falter

In the midst of the difficulties in its activities of electric vehicles, Faraday Future is hungry for cash in Crypto and AI.

The startup EV in difficulty Faraday Future rotates crypto and AI. Sunday August 17, startup EV Faraday Future announcement The launch of a cash product, as well as a new focus on the embodied AI.

Faraday Future launches the product of the Treasury C10, a weighted basket of the 10 best cryptographic assets, excluding stablecoins. The fund allocates 8,80% of funds according to the index and will actively manage other 20% for higher yields.

The fund aims at $ 500 million to $ 1 billion in initial cryptographic asset purchases, with an initial purchase of $ 30 million. In addition, the company hopes to earn around 3% to 5% in terms of features, which it will use to finance share buybacks and innovation in its core business.

Faraday Future trade struggles

Faraday Future hopes to take advantage of crypto and AI to invigorate interest in its activities. According to the company, the objective is to combine cryptographic activity with a short cycle with the AI embodied with long cycle for electric vehicles.

“The next decade could be a super long bull cycle for the cryptography market,” said Ian Calderon, FF co-creation officer. “FF is building a double -engine circular growth system – combining the EAI EAE ecosystem with a long and high -value cycle with the high -speed cryptographic ecosystem with high cycle cycle.

Formerly nicknamed a potential competitor of Tesla, Faraday Future’s activities had difficulties. In January 2025, the company had produced only 16 of its flagship vehicles FF 91. Most were given to employees and defenders.