Tokenholders of SingularityNet, Fetch.ai, and Ocean protocols have greenlit a merger valued at $7.5 billion, paving the way for the creation of the Artificial Superintelligence Alliance (ASI) project. The merger, scheduled for launch on May 24, will see the consolidation of Fetch.AI (FET), SingularityNet (AGIX), and Ocean (OCEAN) tokens into the ASI token, with a total supply of 2.6 billion.
Humayun Sheikh, chairman of the Artificial Superintelligence Alliance and CEO of Fetch.ai, outlined the project’s mission to establish a decentralized AI infrastructure characterized by ethical and trustworthy practices. By amalgamating their platforms, the alliance aims to democratize and enhance transparency within the AI ecosystem, empowering developers and users alike.
The ASI project is currently focused on three primary product pipelines: deploying AI agents in commercial settings, advancing neural symbolic language learning models (LLMs), and facilitating AI data sharing and utilization. Sheikh highlighted plans for revenue generation through the launch of the agentic network for deployment, followed by the rollout of various commercial products to drive AI application adoption.
Looking ahead, ASI intends to bolster its GPU infrastructure to support its commercial, computing, and data initiatives. Recently, Fetch.ai initiated a $100 million investment to deploy Nvidia H200, H100, and A100 GPUs, aiming to provide developers and users with robust computing capabilities. The project’s roadmap emphasizes the optimization of resources to fuel innovation and scalability.
The convergence of blockchain and AI technologies has unlocked significant synergies, particularly with the rise of neural symbolic language learning models like ChatGPT. This merger underscores the potential for AI and blockchain to revolutionize various industries, as demonstrated by the exploration of self-publishing book platforms by companies like Booksie.
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