Fetch.ai Foundation Partners with peaq and Bosch to Boost AI-driven Automation
Fetch.ai Foundation has announced a strategic partnership with peaq, the blockchain for real-world applications, and Bosch, the leading global IoT manufacturer. The collaboration aims to promote artificial intelligence (AI) and decentralization in the economy of things.
The integration of Layer 1 blockchain by peaq will provide the foundation for Fetch.ai’s goals in advancing AI-driven automation. This partnership builds upon previous successful collaborations between peaq, Fetch.ai, and Bosch.
“By joining the Foundation, peaq will provide the backbone for boosting AI-driven automation in the Economy of Things – a new economic paradigm where connected devices will create value autonomously, leveraging Fetch.ai’s AI Agents.”
Fetch.ai Foundation
In line with this initiative, Fetch.ai Foundation has committed $100 million to an infrastructure program called Fetch Compute. This program aims to expand developers’ tools, computing power, and training opportunities while providing GPU credits to users.
In a separate partnership last month, Fetch.ai collaborated with Deutsche Telekom to foster the development of AI-based technologies in the web3 industry.
FET Token Soars as Fetch.ai Gains Momentum
Fetch.ai is a blockchain project that integrates artificial intelligence to power its infrastructure. As a result of recent initiatives and partnerships, its native token (FET) has experienced significant growth. Over the past 24 hours, FET has emerged as one of the top gainers in the market, surging more than 22% and reaching a price of $2.23.
This upward trend is consistent with FET’s performance over the past month, during which its price increased by 326%. Fetch.ai’s consistent growth indicates the market’s positive response to its innovative approach combining blockchain and artificial intelligence.
Hot Take: AI-driven Automation for the Economy of Things
The partnership between Fetch.ai Foundation, peaq, and Bosch marks an important step towards advancing AI-driven automation in the economy of things. This collaboration has the potential to revolutionize how connected devices create value autonomously.
By integrating Layer 1 blockchain technology, peaq will provide a robust foundation for Fetch.ai’s AI Agents to drive automation in various industries. This development opens up new possibilities for decentralized applications and smart contracts that leverage the power of artificial intelligence.
Fetch.ai’s commitment to investing in infrastructure through the Fetch Compute program demonstrates its dedication to empowering developers and users with the necessary tools and resources. The $100 million investment will undoubtedly accelerate the adoption and integration of AI technology in blockchain applications.
The significant growth of Fetch.ai’s native token, FET, is a testament to the market’s recognition of its potential. As more partnerships and initiatives unfold, Fetch.ai is poised to play a crucial role in shaping the future of AI-powered blockchain solutions.
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