Fetch.ai, a Cosmos-based crypto-artificial intelligence project, is investing $100 million in Fetch Compute infrastructure program to provide GPU credits to its users and enhance the tools, computing capacity, and training capabilities available to developers.
With funding from the Fetchi.AI ecosystem fund, Fetch Compute will implement Nvidia H200, H100, and A100 GPUs to create a platform that users and developers can utilize for computing capacity, as announced on March 5.
“The move is expected to accelerate the pace of innovation within the fetch.ai ecosystem by providing the capacity to explore complex models and solutions,” the developers reported. Additionally, “users staking Fetch.ai’s native coin $FET will earn Fetch Compute Credits as rewards, which they can then use to pay for GPU utilization on the Fetch Compute network,” beginning on the seventh.
Humayun Sheikh, chief executive of Fetch.ai, said, “By marrying substantial compute resources with our unique compute credit system, we’re ensuring that our community has the support and tools necessary to bring their visionary AI projects to life.”
At present, the infrastructure of Fetch.ai consists of the search-based AI DeltaV platform, which matches consumers with computing services via AI agents and Language Models (LLMs).
AI tokens have been appreciating in anticipation of processor manufacturer Nvidia’s record-breaking Q4 2024 earnings. Amid accelerated demand for computing and generative AI, Nvidia reported quarterly revenue and earnings of $22.1 billion and $12.3 billion, respectively, representing year-over-year increases of 265% and 769%. Since the announcement, the value of Fetch.ai tokens has increased by over 231% and is presently $1.78.
Fetch.ai and Deutsch Telecom reached a partnership agreement last month in which Deutsch Telecom would become a corporate associate and validator for the Fetch blockchain.
