Artificial Superintelligence Alliance

Cryptocurrency

SingularityNET

Read

Fetch.ai, a blockchain-based platform democratizing access to the artificial intelligence space, has launched a new innovation lab in San Francisco. 
The Artificial Superintelligence Alliance member <a href="https://fetch.ai/blog/fetch-ai-launches-innovation-lab-in-san-francisco-to-propel-ai-advancements" target="_blank" rel="">announced</a> the Fetch.ai (<a href="https://crypto.news/price/fetch-ai/">FET</a>) Innovation Lab on Aug. 23, noting that the hub will catalyze the development of AI agent solutions. 
As part of its effort to advance its presence across the industry, Fetch.ai has disclosed an annual budget of $10 million to fund projects leveraging its tech stack to build AI agents. 
<h2 class="wp-block-heading" id="fetch-ai-eyes-real-world-ai-applications">Fetch.ai eyes real-world AI applications</h2> 
Humayun Sheikh, the chief executive officer of Fetch.ai, stated that the San Francisco-based hub will seek to support projects that bring real-world AI applications to users. Benefitting startups will receive funding and expert mentorship among other support. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “Our mission is to unite world-class institutions, research teams, and businesses in a collaborative environment that not only nurtures innovation but also accelerates the development of impactful, AI-driven solutions,” 
 Humayun Sheikh. 
</blockquote> 
In addition to the startup accelerator initiative, Fetch.ai has outlined an ambassador innovator club and internship incubator program. The hub’s activities will include technical workshops and hackathons, with attendees benefiting from experts across academia, research, and real-world solutions. 
 You might also like: <a href="https://crypto.news/sony-launches-soneium-blockchain-as-it-pushes-for-mainstream-web3-adoption/"> Sony launches Soneium blockchain as it pushes for mainstream web3 adoption </a> 
<h2 class="wp-block-heading" id="the-quest-for-artificial-superintelligence">The quest for artificial superintelligence</h2> 
Fetch.ai’s launch of the AI hub comes as the company’s effort to transform the Artificial General Intelligence space gathers pace. This follows the unveiling of the Artificial Superintelligence Alliance in a <a href="https://crypto.news/singularitynet-reportedly-in-talks-with-fetch-ai-and-ocean-protocol-for-7-5b-token-merger/">merger</a> with SingularityNET and Ocean Protocol. 
AGI targets the transformational application of AI to tackle everyday human issues—such as climate change, healthcare, and education. The merger of FET, AGIX, and OCEAN into ASI is one of the steps toward this mission. 
SingularityNET has <a href="https://x.com/ASI_Alliance/status/1823337539542859875" target="_blank" rel="">earmarked $53 million</a> for the development of hardware designed to bolster AGI development. Meanwhile, Fetch.ai recently revealed a $100 million investment commitment towards the deployment of Nvidia GPUs to boost developers. 
 Read more: <a href="https://crypto.news/cryptocurrency-projects-that-bring-artificial-intelligence-to-the-blockchain/"> Cryptocurrency projects that bring artificial intelligence to the blockchain </a>

Fetch.ai unveils Innovation Lab, commits $10m yearly to AI startups

Table of Contents

crypto.news

Other articles published on Aug 23, 2024

SEC opposes Hex founder Richard Heart’s bid to dismiss case

Best 5 Memecoins to Buy Now in Anticipation of the Next Bull Run

Bitcoin Miners Face $74 Billion Opportunity as Reserves Surge

Russian Mining Industry Sees Surge in Interest as Regulations Tighten

XRP Will Soar Massively When Tether Bubble Bursts, Says Researcher

3 Top Reasons Why Ethereum Price Is Up Today

Join our free newsletter for daily crypto updates!