Bitget Exchange is investing $ 10 million in Fetch.ai's AI ecosystem
Bitget Exchange is investing $ 10 million in Fetch.ai's AI ecosystem
On April 27th, Bitget announced that it has promised $ 10 million for the development of the fetch.ai ecosystem.
bitget plans to offer fetch.ai a number of services, including marketing consultations and strategic directions.
fetch.ai offers an infrastructure for service automation, which is supported by a AI agent network. These autonomous agents perform various tasks, including data analysis and complex financial modeling.
This step is the latest step that is linked to a AI boom that is driven by platforms such as chatt.
"Bitget assigns $ 10 million to promote the https://t.co/kj9urvpoul-Ökosystem"
Exciting news! A strategic partnership was closed between https://t.co/kj9urvpoul and @BitgetGlobal with plans that can be pushed #ki ecosystem further 👀
Read more details 👇https: //t.co/yyaxgexjir 27. April 2023
Bitget spend a lot
gracy chen, Managing Director of Bitget, commented that Fetch.ai already consists of a variety of functioning and applicable technological AI solutions before adding:
"This is the main reason why we decided to promise this promising startup our support, and will continue to do so if we identify others, need support from our special fund."
Humayun Sheikh, founder and CEO of Fetch.ai, said that the possibilities for the use of blockchain to AI are limitless.
fetch.ai uses decentralized algorithms for machine learning to provide its users various innovative software solutions.
On April 10th, Bitget announced a $ 100-million venture fund that focuses on investments mainly in Asian web3 and crypto projects.
goal is to "promote a positive attitude towards the economy of digital currencies and to support the development of the web3 environment," said the company at the time.
The bitget based on the Seychelles was founded in 2018 and, according to Coingecko, is currently taking the 8th place in the trust evaluation. The stock exchange handles a daily trading volume of $ 735 million, offers 548 crypto trading pairs and claims to have 8 million users.
The native token of the stock exchange, BGB, rose by over 4 %after the news was published. There was little movement for the fetch.ai fet-token, which changed owners for $ 0.347.
jpmorgan uses Chatgpt
The Wall Street banking giant JPMorgan also relies on AI solutions. On April 27th it was reported that the bank developed a Chatgpt-based AI tool that can analyze the fundamental declarations of the Federal Reserve.
The tool derives a “Hawk-Dove Score” that enables bank analysts to identify potential trading signals.
The system can predict a monetary tightening of the central bank and is currently mostly restrictive. It is expected that the Fed will raise interest rates by 0.25 base points next week because it is fighting with the high inflation.