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Bosch and Fetch.AI Launch Foundation to Fuel Web3 Adoption
German multinational engineering giant Bosch and Cambridge-based artificial intelligence lab – Fetch.ai – have jointly unveiled a new foundation focused on fueling industrial adoption of software agents, AI, and Web3 technology.
Dubbed – Fetch.ai Foundation – this new initiative will focus on areas such as research and development as well as harnessing the application and adoption of agents, Artificial Intelligence, and Web3 decentralized technologies for real-world use cases to improve the existing network.
The target will also be to assist in the long-term development of Web3-powered solutions and services in sectors across mobility, industrial tech, and consumer products.In a press release shared with CryptoPotato, Humayun Sheikh, Fetch.ai’s Founder and CEO commented,
#fetch
German multinational engineering giant Bosch and Cambridge-based artificial intelligence lab – Fetch.ai – have jointly unveiled a new foundation focused on fueling industrial adoption of software agents, AI, and Web3 technology.
Dubbed – Fetch.ai Foundation – this new initiative will focus on areas such as research and development as well as harnessing the application and adoption of agents, Artificial Intelligence, and Web3 decentralized technologies for real-world use cases to improve the existing network.
The target will also be to assist in the long-term development of Web3-powered solutions and services in sectors across mobility, industrial tech, and consumer products.In a press release shared with CryptoPotato, Humayun Sheikh, Fetch.ai’s Founder and CEO commented,
#fetch
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
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
Fetch AI (FET) Receives Neutral Rating; Price Slips
On Saturday, InvestorsObserver rated Fetch AI (FET) as neutral as the cryptocurrency traded below its market price.
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InvestorsObserver has assigned Fetch AI (FET) a neutral rating. This rating contrasts with the performance of the leading Cosmos-based project, as it has been moving differently from the overall market trends.
Fetch AI (FET) Receives Neutral Rating Amid Market Fluctuations
On Saturday, Fetch AI (FET) was given a neutral rating by InvestorsObserver. This rating coincides with a peculiar trend in the cryptocurrency’s performance compared to the broader market movements.
While the overall cryptocurrency market experienced a modest increase of 0.58%, Fetch AI (FET) witnessed a decline of 4.08%, trading at $3.09.
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The Sentiment Score assesses Fetch AI’s performance based on volume and price changes over the past five days. This metric could prove useful for both long-term investors looking to capitalize on price drops and short-term investors aiming to benefit from potential rallies.
Fetch AI Faces Price Volatility and Support Challenges
Currently, Fetch AI is trading at a level similar to its position five days ago. Despite this, the cryptocurrency has experienced notable fluctuations, with a 29.32% increase from its five-day low of $2.39 and an 11.06% decrease from its five-day high.
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The current price of Fetch AI places it below the support level, indicating a potentially precarious situation. The cryptocurrency faces resistance at $3.36 and support at $3.09. This suggests that selling pressure has driven the price below recent support levels.
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Fetch AI has recently experienced trading with minimal volume. This indicates that the volume observed today is lower compared to the average volume over the previous seven days. The subdued trading activity suggests a lack of significant market participation or interest in recent days.
Fetch AI (FET) Faces Decline Amid Market Shifts
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Fetch AI (FET) recently experienced a sharp decrease, with its price falling to $3.07, reflecting a nearly 3% decline compared to the previous day. Despite this, the market capitalization of FET stands at $2.6 billion.
Additionally, the trading volume for Fetch AI has dropped by 22%, reaching $373.9 million. This decline in trading activity indicates a decrease in market participation or interest.
The neutral rating for Fetch AI coincides with the announcement of a groundbreaking program aimed at supporting the advancement of artificial intelligence (AI) technology. The project, spearheaded by Fetch Compute, plans to allocate $100 million towards enhancing training resources, computing power, and developer tools. Through the provision of cutting-edge Nvidia GPUs like the H200, H100, and A100, the program seeks to revolutionize AI research and provide users and developers with unparalleled computational capabilities.
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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#fetch #Altcoin #Cryptocurrency #CryptoNews #FET
$FET
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InvestorsObserver has assigned Fetch AI (FET) a neutral rating. This rating contrasts with the performance of the leading Cosmos-based project, as it has been moving differently from the overall market trends.
Fetch AI (FET) Receives Neutral Rating Amid Market Fluctuations
On Saturday, Fetch AI (FET) was given a neutral rating by InvestorsObserver. This rating coincides with a peculiar trend in the cryptocurrency’s performance compared to the broader market movements.
While the overall cryptocurrency market experienced a modest increase of 0.58%, Fetch AI (FET) witnessed a decline of 4.08%, trading at $3.09.
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The Sentiment Score assesses Fetch AI’s performance based on volume and price changes over the past five days. This metric could prove useful for both long-term investors looking to capitalize on price drops and short-term investors aiming to benefit from potential rallies.
Fetch AI Faces Price Volatility and Support Challenges
Currently, Fetch AI is trading at a level similar to its position five days ago. Despite this, the cryptocurrency has experienced notable fluctuations, with a 29.32% increase from its five-day low of $2.39 and an 11.06% decrease from its five-day high.
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The current price of Fetch AI places it below the support level, indicating a potentially precarious situation. The cryptocurrency faces resistance at $3.36 and support at $3.09. This suggests that selling pressure has driven the price below recent support levels.
Also Read: Best Meme Coins to Grow $1000 into $100000
Fetch AI has recently experienced trading with minimal volume. This indicates that the volume observed today is lower compared to the average volume over the previous seven days. The subdued trading activity suggests a lack of significant market participation or interest in recent days.
Fetch AI (FET) Faces Decline Amid Market Shifts
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Fetch AI (FET) recently experienced a sharp decrease, with its price falling to $3.07, reflecting a nearly 3% decline compared to the previous day. Despite this, the market capitalization of FET stands at $2.6 billion.
Additionally, the trading volume for Fetch AI has dropped by 22%, reaching $373.9 million. This decline in trading activity indicates a decrease in market participation or interest.
The neutral rating for Fetch AI coincides with the announcement of a groundbreaking program aimed at supporting the advancement of artificial intelligence (AI) technology. The project, spearheaded by Fetch Compute, plans to allocate $100 million towards enhancing training resources, computing power, and developer tools. Through the provision of cutting-edge Nvidia GPUs like the H200, H100, and A100, the program seeks to revolutionize AI research and provide users and developers with unparalleled computational capabilities.
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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#fetch #Altcoin #Cryptocurrency #CryptoNews #FET
$FET
$FET this is done done we are in terrible loss of miltiole thousand usdt in fetch.. the merger should be postponed and original amount of investment should be returned to the investors...how can #binance and #fetch do sudden closure of fetch futures and stands responsible for such huge loss..#fetch.ai should take responsibility in collaboration with #binancefutures and do fair settlement.