Popular cryptocurrency exchange Bitget came to the fore by investing in an artificial intelligence coin. Bitget has made a $10 million investment by joining the artificial intelligence (AI) caravan. Here are the details…
Investing in artificial intelligence coin from the crypto money exchange Bitget
Bitget joined the artificial intelligence (AI) caravan and invested $10 million in the Fetch.ai platform. The artificial intelligence frenzy has taken the markets by storm this year. Investors are investing heavily in the artificial intelligence industry. So are the crypto leaders. Now, crypto derivatives exchange Bitget has committed a $10 million investment in AI platform Fetch.ai. According to Finance Magnates, Bitget plans to provide Fetch.ai with a range of services, including marketing consulting and strategic referrals. In addition, Gracy Chan, Managing Director of Bitget, says:
We know the value when we see it. Fetch.ai currently consists of a set of functional and viable technological AI solutions that can have a real impact on the way businesses and individuals interact.
What is the latest situation in FET price?
Fetch.ai provides technology to build services using automation and artificial intelligence for finance and forecasting. Bitget wants to help Fetch.ai build community and business partnerships. Meanwhile, it also plans to use its technology to build an AI crypto derivatives exchange in the future. At the time of writing, FET price is up 2.29 percent, changing hands at $0.34. Founded in 2017 and launched via IEO on Binance in March 2019, Fetch.AI is an artificial intelligence (AI) lab that builds an open, permissionless, decentralized machine learning network with crypto economy.
Fetch.ai democratizes access to artificial intelligence technology with a permissionless network where anyone can connect and access secure datasets, using autonomous artificial intelligence to execute tasks that leverage the global data network. The Fetch.AI model highlights DeFi commerce services, transportation networks, smart energy grids, travel. It is mainly based on use cases such as optimizing complex system based on large scale datasets.
ChatGPT experiments draw attention
Recently, Ethereum co-founder Vitalik Buterin experimented with the APIs of the artificial intelligence bot ChatGPT. His experiments revealed the potential of ChatGPT to be used to recommend APIs needed to develop successful crypto trading strategies. Crypto leaders are exploring AI investment opportunities. Meanwhile, Cosmose AI also received an undisclosed funding from NEAR Protocol this Monday. With this partnership, Cosmose AI, the company focused on individual shopping, has achieved a valuation of $ 500 million. It is also reported that the aim of the partnership is to make online payments up to 50 times cheaper.
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