According to Bloomberg, three artificial intelligence (AI) companies operating on blockchain have agreed to merge their crypto tokens in an effort to develop a decentralized AI platform. The goal is to create one of the world's first open and decentralized networks, enabling artificial general intelligence (AGI) to be accessible to all stakeholders involved in building the network. Fetch.ai's CEO explained that while the three platforms will continue to operate as separate entities, a governing council for the Artificial Superintelligence Alliance will monitor and guide operations of the merged token network.
The alliance aims to compete with big tech companies like Alphabet Inc. and Microsoft Corp., which are heavily investing in AI. This technology has the potential to change the way people interact with technology. AI-oriented platforms such as SingularityNET, Fetch.ai, and Ocean Protocol are racing to develop decentralized AI technology on blockchain, with the idea that it wouldn't be controlled by large companies beholden to shareholders.