The world's top IoT manufacturer, Bosch, and the blockchain platform peaq have partnered, according to a statement released by the Fetch.ai Foundation.
The world's top IoT manufacturer, Bosch, and the blockchain platform peaq have partnered, according to a statement released by the Fetch.ai Foundation.
Peaq will include Layer 1 blockchain, per a press release, to assist Fetch.ai in realizing its objectives of advancing artificial intelligence and decentralization in the economy of things. The development is an extension of peaq, Fetch.ai, and Bosch's prior partnership.
The Fetch.ai Foundation recently announced that it has contributed $100 million to the Fetch Compute infrastructure initiative, which will increase the resources available to developers, including training opportunities, processing capacity, and GPU credits for consumers.
Fetch.ai and Deutsche Telekom collaborated last month to advance the advancement of AI-based technologies in the web3 sector.
The goal of the Fetch.ai project is to give blockchain access to artificial intelligence-powered infrastructure. The native token of Fetch.ai, called FET, has gained significantly over the last 24 hours due to recent activities.
Data from CoinMarketCap indicates that the token's value increased by over 22% to $2.23. The token price increased by 326% in the last month, indicating consistent growth in light of recent activities.
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