Fetch.ai, Ocean Protocol, and SingularityNET have united to form the Artificial Superintelligence Alliance (ASI), aiming to create a decentralized AI network to rival Big Tech. This merger, finalized in June, introduces the ASI token, which will be the network's primary currency, enhancing its scalability and power.

Starting June 11, 2024, FET will be renamed ASI, with the merger concluding on June 13. Users can swap their FET for ASI tokens via a secure migration contract, with AGIX and OCEAN tokens following suit. This process will support over 200,000 holders at pre-established exchange rates.

Ben Goertzel, CEO of the ASI Alliance, stated that the merger marks the beginning of a new era in AI, aiming to achieve significant advancements by combining their strengths. The ASI token symbolizes their collective effort to leverage AI, blockchain, and decentralized governance for a brighter future.

The alliance seeks to make decentralized AI infrastructure a reality, using the combined research, technologies, and products of Fetch.ai, SingularityNET, and Ocean Protocol to create an open, scalable AI system. This system will utilize blockchain technology to ensure ethical and trustworthy AI development and use.

By joining forces, these entities aim to challenge Big Tech's dominance in AI, as the sector rapidly expands. AI pioneers Ben Goertzel, Humayun Sheikh, and Trent McConaghy founded the ASI Alliance to expedite the commercialization of their technologies, making advanced AI platforms and large datasets accessible. Their ultimate goal is to advance Artificial General Intelligence (AGI) as a step toward achieving superintelligence.

Humayun Sheikh, CEO of Fetch.ai and ASI Chairman, noted that the alliance's economies of scale will enable significant progress in altering how Big Tech controls AI's narrative and direction. This foundational step aims to inspire others with similar missions to join in making a difference.#fetch #agix #ocean