Fetch.ai, a crypto project focused on artificial intelligence (AI) built on the Cosmos blockchain, announced a $100 million investment towards Fetch Compute, a new infrastructure program.
Fetch.ai, a crypto project focused on artificial intelligence (AI) built on the Cosmos blockchain, announced a $100 million investment towards Fetch Compute, a new infrastructure program. This initiative aims to empower developers and users within the Fetch.ai ecosystem by providing them with enhanced tools, computing power, and training capabilities.
Fetch Compute will offer access to powerful graphics processing units (GPUs) including Nvidia H200, H100, and A100 models. This platform will be financed by the Fetch.AI ecosystem fund and will be available to both developers and users seeking additional processing power for their projects.
"The move is expected to accelerate the pace of innovation within the Fetch.ai ecosystem by providing the capacity to explore complex models and solutions," the project stated in its announcement. Additionally, users staking Fetch.ai's native token, FET, will be eligible to earn Fetch Compute Credits starting on March 7. These credits can then be used to pay for utilizing the network's GPU resources.
Humayun Sheikh, CEO of Fetch.ai, emphasized the significance of this initiative: "By marrying substantial compute resources with our unique compute credit system, we're ensuring that our community has the support and tools necessary to bring their visionary AI projects to life." Previously, Fetch.ai's infrastructure relied on the AI DeltaV platform, which utilizes large language models and AI agents to connect users with computing services.
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