Three crypto projects pioneering artificial intelligence, Fetch.ai, SingularityNET and Ocean Protocol, are in talks to merge their tokens into one, called ASI (Artificial SuperIntelligence). This unprecedented alliance aims to democratize AI and counter the domination of tech giants.
Fetch.ai, SingularityNET and Ocean Protocol come together into a single decentralized AI project!
According to sources close to the matter relayed by Bloomberg M&A, SingularityNET, FetchAI and Ocean Protocol are discussing a potential merger of their respective tokens. The new crypto, AltSignals (ASI), would thus have a fully diluted valuation of $7.5 billion.
Their common objective : develop decentralized AI protocols based on blockchain, beyond the control of centralized parties.
This groundbreaking merger could be announced as early as Wednesday, subject to approval from the respective communities. The three crypto platforms will continue to operate independently, but will collaborate within a new superintelligence collective led by Ben Goertzel, founder of SingularityNET.
Humayun Sheikh, CEO of Fetch.ai, will serve as chair. Together, they aspire to create a revolutionary decentralized AI platform, where collaboration and transparency will be the key words.
According to CoinMarketCapcrypto Fetch.ai (FET) currently has the largest market cap of the three, at $2.72 billion, followed by SingularityNet (AGIX) at $1.7 billion and Ocean Protocol (OCEAN) at $927 million. dollars.
Towards a Democratization of AI
This announcement comes in a context of unprecedented enthusiasm for artificial intelligence. There are rumors of a $40 billion Saudi investment fund project dedicated to AI, in partnership with venture capital firm Andreessen Horowitz (a16z). If this fund sees the light of day in the second half of 2024, it would make the Saudi government the largest investor in this area.
Meanwhile, Microsoft pumped $13 billion into OpenAI, the creator of ChatGPT, while Google accepted a €250 million fine from the French competition authority for violating EU rights laws. author when training his AI model.
In short, the initiative of Fetch.ai, SingularityNET and Ocean Protocol marks a major turning point towards a more decentralized, collaborative and ethical AI. Beyond just the merger of their tokens, they offer a real vision of the future, where they will put artificial intelligence at the service of all.
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