Cryptocurrency derivatives exchange Bitget announced on April 27 that it has invested $10 million in the development of the Fetch ai ecosystem.
Fetch.ai is a decentralized artificial intelligence network capable of performing various tasks such as data analysis and complex financial modeling. The project also features a smart wallet with integration with OpenAI’s ChatGPT API.
Bitget Will Offer Consulting Service
Bitget referred to the artificial intelligence rush that started with ChatGPT recently.
Regarding the nature of the partnership with Fetch.ai, Bitget said that it will offer services such as consulting to help the AI infrastructure provider expand its partnerships. “Fetch.ai is already comprised of a set of functional AI solutions that can have a real impact on the way businesses and individuals interact,” said Gracy Chen, Managing Director of Bitget.
Humayun Sheikh, founder and CEO of Fetch.ai, stated that rapid advances in artificial intelligence provide a fertile ground for applications in blockchain technology.
According to Coinecko, Bitget is currently the eighth largest cryptocurrency exchange in the world with a daily trading volume of $990 million. Headquartered in Seychelles, the exchange serves more than 8 million users in more than 100 countries and regions.
Bitget received a regulatory license to offer its services in Lithuania on April 20. Last month, the company invested $30 million in multi-chain wallet provider BitKeep.
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