According to Foresight News, the decentralized machine learning platform Fetch.ai announced the establishment of an innovation lab in San Francisco, California to advance the development of AI technology, and will allocate $10 million annually to projects that use the platform to build AI agents, with a cap of $1 million per project.

In addition to the Innovation Hub, Fetch.ai announced two additional initiatives for the AI ​​community, an internship incubator and an ambassador program.