United

Story

AI Technology

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/fetch-ai-opens-innovation-lab-in-san-francisco-to-advance-ai-technology/" data-wpel-link="internal">Fetch.ai Opens Innovation Lab in San Francisco to Advance AI Technology</a> 
The decentralized AI-supported platform Fetch.ai announced it will open a center in San Francisco to advance <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">AI technology</a>. The new center, Innovation Lab, will incorporate early-stage startups working on AI tool solutions; software that performs specific tasks or makes decisions for users or other systems using AI. 
<h2 class="p1" style="text-align: justify" id="significant-step-from-ai-platform">Significant Step from AI Platform</h2> 
Fetch.ai will allocate $10 million annually to projects creating AI agents using its platform. Funding will be milestone-based with a cap of $1 million per project. The autonomous AI agents <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> is expected to reach $88.1 billion by 2032. 
Participants must be in the early stages of development, from idea to initial product launch, and willing to integrate the platform’s agent technology. A Fetch.ai spokesperson stated that ideally, there should be a working prototype or MVP that has been market-tested or validated. 
Additionally, startups must be legally registered entities in the United States, have a scalable business model, or a clear vision needing support to develop their product or business model. Fetch.ai CEO Humayun Sheikh shared the following statement: 
<blockquote> 
 “We aim to finance and support projects delivering tangible advancements that bridge the gap between research and market, revolutionizing industries with the power of AI agents.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-382718" src="https://coin-turk.com/wp-content/uploads/2024/08/fetch.png" alt="" width="500" height="565"> 
<h2 class="p1" style="text-align: justify" id="details-on-the-initiative">Details on the Initiative</h2> 
Fetch.ai announced two additional initiatives targeting the AI community alongside the Innovation Lab: an internship incubator and an ambassador program. The internship seeks candidates with a strong interest and basic understanding of decentralized technologies, AI, and machine learning. Proficiency in programming languages like Python, Java, or C++ is also required. 
On another front, ambassadors will be responsible for creating an innovative environment for new center projects. The Ambassador’s Club is expected to organize hackathons, code events, and workshops about the AI process. A spokesperson stated: 
<blockquote> 
 “Applicants should have experience in community engagement, including participation in AI-related forums, meetups, or organizations.” 
</blockquote> 
The <a href="https://en.coin-turk.com/hong-kong-prepares-ground-for-tokenization-industry-growth/" data-wpel-link="internal">blockchain</a> sector has witnessed an increase in decentralized protocols intersecting with AI technology in recent months, with several initiatives, including Sahara AI and Story Protocol, raising millions to advance projects in this new area. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/fetch-ai-opens-innovation-lab-in-san-francisco-to-advance-ai-technology/" data-wpel-link="internal">Fetch.ai Opens Innovation Lab in San Francisco to Advance AI Technology</a></h5>
The post <a href="https://en.coin-turk.com/fetch-ai-opens-innovation-lab-in-san-francisco-to-advance-ai-technology/" data-wpel-link="internal">Fetch.ai Opens Innovation Lab in San Francisco to Advance AI Technology</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Fetch.ai Opens Innovation Lab in San Francisco to Advance AI Technology

Table of Contents

COINTURK NEWS

Other articles published on Aug 23, 2024

Ethereum Update Increases Failed Transactions in Layer-2 Networks

Sui Network Outpaces Major Blockchains with 2.14 Billion Transactions in 2024

Cardano (ADA) Reclaims Top 10 Spot From Tron (TRX)

El Salvador Cold Wallet Surges with 5,850 BTC!

WazirX Announces Reopening of INR Withdrawals Post-Hack

Web3 Wallets Need User-Friendly Features to Appeal to Mainstream Users

Join our free newsletter for daily crypto updates!