Fetch.ai Invests in AI Innovation with New San Francisco Lab

IconCryptoNewsTerminal Staff23 Aug, 2024

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Fetch.ai Invests in AI Innovation with New San Francisco Lab

Fetch.ai, a blockchain-based machine learning (ML) platform, has established an AI lab in San Francisco, US. The lab will focus on developing and supporting AI startups that utilize Fetch.ai's technology. Fetch.ai plans to invest $10 million annually in startups working on AI solutions built on its platform. This strategic move strengthens Fetch.ai's position as a leader in the AI and blockchain space. The San Francisco lab will serve as a hub for collaboration and innovation, fostering a vibrant ecosystem of AI startups. By harnessing the combined power of AI and blockchain, Fetch.ai aims to drive advancements in various industries, including finance, healthcare, and supply chain management. Fetch.ai's commitment to supporting AI innovation aligns with the growing recognition of AI's transformative potential. The establishment of the San Francisco lab is a testament to Fetch.ai's dedication to fostering a thriving AI ecosystem and enabling the development of cutting-edge AI solutions.

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