London-listed microcap Tiger Royalties and Investments PLC (LSE:TIR) saw its shares trade higher after announcing an AI deal.
Tiger told investors it had signed a letter of intent to invest £250,000 in Tao Strategies Singapore, which ‘operates validator and miner nodes on the Bittensor network’.
The company said it marks the first step in Tiger’s new decentralised AI strategy.
It noted that the injection of funds will support node deployment and AI model development.
In London, trading at 0.11p, Tiger Royalties shares climbed 5%, having previously changed hands as high as 0.13p in early deals.