Fetch.ai, a crypto artificial intelligence project built on Cosmos, has announced a $100 million infrastructure program called Fetch Compute. This program aims to enhance the tools, computing power, and training capabilities of developers, while also providing GPU credits for users. The platform will utilize Nvidia H200, H100, and A100 GPUs, with funding coming from the Fetch.AI ecosystem fund. This move is expected to accelerate innovation within the Fetch.ai ecosystem by enabling the exploration of complex models and solutions. Users who stake Fetch.ai’s native coin, $FET, will earn Fetch Compute Credits as rewards, which can be used to pay for GPU utilization on the Fetch Compute network starting from March 7.
Humayun Sheikh, CEO of Fetch.ai, expressed his excitement about the initiative, stating that the combination of substantial compute resources and the unique compute credit system will support the community in bringing their visionary AI projects to life. Currently, Fetch.ai’s infrastructure consists of the search-based AI DeltaV platform, which matches users with computing services using large language models and AI agents.
In recent news, AI tokens have experienced a rally following chip-maker Nvidia’s impressive Q4 2024 earnings. Nvidia reported revenue and earnings of $22.1 billion and $12.3 billion, respectively, marking year-over-year increases of 265% and 769%. This surge in demand for computing and generative AI has contributed to the success of AI tokens. Fetch.ai tokens, in particular, have seen a return of over 230% and are currently trading at $1.78.
Last month, Fetch.ai also announced a partnership with Deutsch Telecom, with the latter joining as a corporate partner and a validator for the Fetch blockchain.
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