Fetch.ai introduces GPU rewards post $100M investment

Fetch.ai introduces GPU rewards post $100M investment

Fetch.ai introduces GPU rewards post $100M investment

Fetch.ai commitment of $100 million to its infrastructure program, Fetch Compute, built on Cosmos which will utilize Nvidia GPUs.

Using Cosmos as its foundation, the crypto artificial intelligence project known as Fetch.ai is committing $100 million to an infrastructure program known as Fetch Compute.

This program will enhance the tools, processing capacity, and training capabilities of developers, in addition to offering GPU credits for its customers.

Fetch.ai Fetch Compute Implements Nvidia GPU

Fetch Compute announced on March 5 that it will implement Nvidia H200, H100, and A100 graphics processing units (GPUs) to provide a platform that users and developers may utilize for computing power. This endeavor will be supported by the Fetchi.AI ecosystem fund.

Developers expect the move to accelerate innovation within the fetch.ai ecosystem by providing the capacity to explore complex models and solutions.

Additionally, it was announced that “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 of March.

Humayun Sheikh, the chief executive officer of Fetch.ai said “By combining substantial compute resources with our unique compute credit system, we ensure that our community has the support and tools necessary to bring their visionary AI projects to life.”

The infrastructure of Fetch.ai currently consists of the search-based artificial intelligence DeltaV platform. This platform uses language models (LLMs) and AI agents to match customers with computing services.

As part of chipmaker Nvidia’s breakout results for the fourth quarter of 2024, AI tokens have been soaring. Nvidia reported that its revenue and earnings for the quarter were $22.1 billion and $12.3 billion, respectively.

These figures indicate year-over-year gains of 265% and 769%, respectively, in response to the increased demand for computing and generative artificial intelligence.

Following the news, the value of Fetch.ai tokens has risen by more than 230% and is presently trading at $1.78. It has successfully secured a collaboration with Deutsch Telecom, which will allow the latter to become a corporate partner and a validator for the Fetch blockchain. This agreement was established last month. 

Read Previous

Osprey Seeks Bitcoin ETF Merger Amid Dissolution

Read Next

Coachella, OpenSea Launch Music Festival NFTs