Fetch.AI

From Wikipedia, the free encyclopedia

Fetch.AI is a technology company and a decentralized platform that uses artificial intelligence to automate daily routines like reserving parking spots or flights for users.[1][2][3]

History[edit]

Fetch.AI, the artificial intelligence lab developing the Fetch.AI platform, was founded in 2017 by a team from Cambridge, UK.[4][5]

It conducted an IEO on Binance in March 2019.[4] Fetch.ai launched its native token (FET),[6] which has become one of the top gainers in March 2024.[7][8][1][9][10] FET is the fourth-largest AI-related token.[11][12]

In 2021, the company launched the NFT machine-learning platform for AI-generated art.[13]

In March 2022, Fetch.AI partnered with West Ham United as the club's official artificial intelligence partner (both men's and women's teams).[14][15]

In March 2023, Fetch.ai raised a $40M round led by DWF Labs.[16][10][17]

In 2024, it secured $100 million in infrastructure development funding to launch Fetch Compute.[11][18]

Overview[edit]

Fetch.AI is an open-source decentralized machine-learning platform for creating autonomous economic agents. Using blockchain datasets, these agents operate on behalf of their owners, learning what preferences they seek in any given decision or transaction and making those decisions on their behalf.[4][19][20][21][1][22][16]

Fetch.ai operates in the US and Europe; partners include peaq, IOTA, Bosch, Deutsche Telekom, and more.[7][19][23][10][24][25]

The company is headquartered in Cambridge,[26] Humayun Sheikh is the CEO and founder.[10]

References[edit]

  1. ^ a b c Hooson, Mark (2024-01-10). "What Is Fetch.ai (FET)?". Forbes Advisor INDIA. Retrieved 2024-04-19.
  2. ^ "Fetch.ai is creating a textable personal assistant | Fox Business Video". Fox Business. 2023-12-08. Retrieved 2024-04-19.
  3. ^ Thompsett, Louis (2023-09-12). "Fetch AI & Pikamoon: Revolutionising Blockchain with FET and PIKA". fintechmagazine.com. Retrieved 2024-04-19.
  4. ^ a b c "An exploration into Fetch.ai, a project looking to incorporate AI into web3. - Greythorn". greythorn.com. 2023-05-12. Retrieved 2024-04-19.
  5. ^ Symcox, Jonathan (2023-03-30). "In Crypto: $40m for UK 'autonomous agent' platform Fetch.ai". BusinessCloud. Retrieved 2024-04-19.
  6. ^ "Fetch.ai upgrade: FET leaps 32% following refresh to mainnet wallet". capital.com. Retrieved 2024-04-19.
  7. ^ a b "Fetch.ai Foundation to decentralize economy of things with peaq, Bosch". crypto.news. 2024-03-07. Retrieved 2024-04-19.
  8. ^ Lazic, Nikola (2024-03-15). "Fetch.ai Price Jumps 300% in a Month — What Next for FET?". ccn.com. Retrieved 2024-04-19.
  9. ^ Kanapi, Henry (2023-12-19). "Analyst Predicts Rallies for Avalanche (AVAX) and Fetch.ai (FET), Outlines Area of Interest for Gaming Altcoin". The Daily Hodl. Retrieved 2024-04-19.
  10. ^ a b c d Lunden, Ingrid (2023-03-29). "Blockchain startup Fetch.ai grabs $40M to provide monetization and other tooling for AI-generated information". TechCrunch. Retrieved 2024-04-19.
  11. ^ a b Adejumo, Oluwapelumi (2024-03-05). "Fetch.AI invests $100 million in AI blockchain tech, introduces rewards for token holders". CryptoSlate. Retrieved 2024-04-19.
  12. ^ "AI Token Fetch.AI (FET) Soars 35% as Mega Target Comes into View". U.Today. 2023-10-25. Retrieved 2024-04-19.
  13. ^ "Fetch.ai launches first NFT machine learning platform for AI-generated art". Yahoo Finance. 2021-08-24. Retrieved 2024-04-19.
  14. ^ "West Ham United announce partnership with Fetch.ai | West Ham United F.C." www.whufc.com. Retrieved 2024-04-19.
  15. ^ "Fetch Ai hammer out deal with West Ham United". Yahoo News. 2022-03-30. Retrieved 2024-04-19.
  16. ^ a b "Autonomous AI agent startup Fetch.ai raises $40M round led by DWF Labs". SiliconANGLE. 2023-03-29. Retrieved 2024-04-19.
  17. ^ Kanetkar, Riddhi. "Fetch.ai helps companies build and deploy autonomous smart agents. Check out the 19-slide pitch deck it used to raise $40 million". Business Insider. Retrieved 2024-04-19.
  18. ^ "Fetch.ai Launches Fetch Compute After Securing $100M In Investments". Yahoo Finance. 2024-03-06. Retrieved 2024-04-19.
  19. ^ a b Daws, Ryan (2024-02-13). "Fetch.ai and Deutsche Telekom partner to converge AI and blockchain". AI News. Retrieved 2024-04-19.
  20. ^ O'Boyle, Daniel; Hunt, Simon (2024-01-30). "Fetch.ai put in administration in search to 'find urgent rescue capital'". Evening Standard. Retrieved 2024-04-19.
  21. ^ Singh, Medha (2024-03-19). "Cryptoverse: AI tokens outpace record-breaking bitcoin". reuters.com. Retrieved 2024-04-19.
  22. ^ "Imperial AI initiative I-X to collaborate with Fetch.ai on 'new AI economy' | Imperial News | Imperial College London". Imperial News. 2023-11-27. Retrieved 2024-04-19.
  23. ^ Insights, Ledger (2024-02-14). "Deutsche Telekom joins Bosch at Fetch.ai blockchain foundation". Ledger Insights - blockchain for enterprise. Retrieved 2024-04-19.
  24. ^ Daws, Ryan (2021-06-09). "Fetch.ai announces partnership with IoT-focused distributed ledger IOTA". AI News. Retrieved 2024-04-19.
  25. ^ "Bosch machine learning trials go live on Fetch.ai". Robotics & Automation News. 2021-08-13. Retrieved 2024-04-19.
  26. ^ Deoras, Srishti (2021-03-19). "An Inside Look At Fetch.ai, The Ambitious Startup By Former DeepMind Investor". Analytics India Magazine. Retrieved 2024-04-19.
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