The main goal of the cooperation is to promote the development of technologies based on artificial intelligence

Deutsche Telekom has partnered with Fetch.ai

13.02.2024 - 14:00

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2 min

What’s new? Deutsche Telekom, a German telecommunications company, has announced a partnership with the Fetch.ai Foundation organization. The main goal of the cooperation is to promote the development of technologies based on artificial intelligence and the Web 3.0 industry. Deutsche Telekom will become the first corporate partner of the organization, which was founded by Bosch and the blockchain platform Fetch.ai in February 2023.

Deutsche Telekom’s press release

What else is known? Deutsche Telekom’s subsidiary, MMS, will act as a validator for the Fetch.ai network. The head of MMS’ Web 3.0 group said the companies’ collaboration will ensure the security and efficiency of the network with artificial intelligence-based autonomous agents.

In addition, MMS and Fetch.ai Foundation will participate in the Bosch Connected Experience event on February 28, 2024. The event will include a hackathon aimed at fostering the development of technologies in the field of the Internet of Things (IoT).

MMS is a validator of Q, Flow, Celo, Chainlink, Ethereum, and Polygon networks.

Fetch.ai — it is a decentralized platform based on the Ethereum blockchain for asset trading, using machine learning and artificial intelligence. It was created in 2017 by a team from Cambridge. The co-founders of the project are Toby Simpson, Humayun Sheikh, and Thomas Hein. The native token FET is the main medium of exchange in the ecosystem Fetch.ai. As of February 13, 12:35 UTC, the asset occupies 107th place in the ranking of cryptocurrencies with a capitalization of $709,64 million and is trading at $0,5739.

Earlier, the investment company Cyber Fund, which supported the Ethereum network, announced the launch of a venture capital arm with a fund of $100 million. The company will use these funds to support developers creating projects at the intersection of blockchain, artificial intelligence, and IoT technologies.

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