Fetch.ai (FET), Singularitynet (AGIX), and Ocean Protocol (OCEAN) have merged to create the largest independent company in artificial intelligence (AI) research and development.
In a statement, Fetch said it is fusing its minds with two other blockchain-based artificial intelligence (AI) platforms to form the Superintelligence Alliance.
“The Superintelligence Alliance is a united stand against Big Tech’s control of technology. “We are joining forces to change the game for how AI is created, shared, and used by everyone, relying on principles of decentralization to achieve open and equitable forms of AI.”
The goal is to enable newly formed alliances to compete with major centralized institutions.
“The resources required to win this race are enormous and solutions must be vertically integrated into the entire technology stack, including infrastructure such as data management, AI agents, models and predictions. The Alliance brings together the skills and expertise of each company in the pursuit of Superintelligence (ASI).
“This is the first major step in our bold mission to create decentralized artificial general intelligence (AGI) and ASI.”
This development will also result in the creation of a new universal token called Artificial Intelligence (ASI).
“The total value of the Alliance upon signing is $7.5 billion (theoretically #20 on Coinmarketcap) with 2.631 billion tokens and a starting price of $2.82, using FET as the benchmark currency.”
Each token of the three projects has seen significant gains since their announcement. OCEAN is currently trading at $1.45, up 5.90% over the last 24 hours. FET price is up 7.36% at $3.32, while AGIX is up 6.82% at $1.40.
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