British AI startup Fetch.ai secures a $40 million round of funding from DWF Labs. The company’s goal is to develop a machine-to-machine ecosystem that enables developers to deploy and monetize apps using generative AI to personalize results and simplify processes. Learn more about this cutting edge tech tool below!
The future of artificial intelligence with Fetch.ai
Fetch.ai is a startup that focuses on AI and blockchain technology. Startup technology has the potential to improve efficiencies across multiple sectors. These include power distribution, transportation, and supply chain management. Fetch.ai’s decentralized solutions offer cost-effective and efficient alternatives to current centralized systems. In addition, the startup places an emphasis on intellectual property and technological development, with patent applications and issued patents in both the US and Europe.
Funding for DWF Labs, an incubator linked to Digital Wave Finance, is a significant amount in today’s market and comes from a single source. Fetch.ai plans to build services that take advantage of generative AI to turn application results into transactions. For example, instead of just receiving a list of flights and prices when checking flight options through a chatbot, the results will be customized based on individual preferences. Fetch.ai also provides the necessary tools to link these personalized results with the purchase of tickets.
Fetch.ai Platform it already uses blockchain technology and a FET token. Also, it has introduced features like “Notyphi” notification feature. With recent funding from DWF Labs, Fetch.ai aims to create more services and will launch commercial offerings soon. According to reports, the market capitalization of Fetch.ai’s native token, FET, is currently nearly $400 million. Also, the token price is now $0.38, which is an increase of 12.7% in 24 hours.
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