Fetch.ai, a crypto artificial intelligence company built on Cosmos, has announced the launch of its Innovation Lab in collaboration with Imperial College London’s I-X Hub at the White City Campus.
The lab aims to become a leading research center for AI, machine learning, and autonomous systems, expanding Fetch.ai’s ongoing partnership with the college to advance AI technology.
In an interview with Cointelegraph, Sana Wajid, chief development officer at Fetch.ai Innovation Labs, highlighted the significance of this collaboration, stating it will push “the boundaries of autonomous systems and machine learning.”
Wajid added that the lab will offer “a space for high-caliber researchers and students to work on real-world AI applications leveraging the Fetch.ai tech stack” and help create a thriving ecosystem that fosters talent, empowers startups, and drives the development of innovative solutions to global challenges.
The Innovation Lab is designed to foster collaboration between academia, government, and industry, aiming to become a hub for generating ideas that can be translated into practical applications.
Wajid emphasized that Fetch.ai’s tech stack is “industry agnostic,” drawing interest from various sectors such as “manufacturing, mobility, travel, and more.”
These industries can use Fetch.ai’s agent-based technology to create AI-driven solutions that improve processes, enhance efficiency, and solve complex challenges.
In addition to launching the Innovation Lab, Fetch.ai announced a $10 million fund to support startups and AI-driven projects.
This fund will assist early-stage companies in scaling their ideas and advancing their research.
Wajid explained that the funding aims to accelerate “AI startups by providing financial resources and support,” helping these companies transform into industry leaders and bring AI-powered solutions to market more quickly.
Despite a general decline in venture capital funding across various sectors, AI startups have attracted increased investment, raising $11.8 billion in the third quarter.