Bosch and Fetch.ai to Create Foundation to Fund Development of Web3
Terrill Dicki Feb 22, 2023 09:31
Bosch establishes Fetch.ai Foundation and commits $100 million in funding to create Web3, AI, and IoT products.
A grant program with a budget of one hundred million dollars will be made available as a result of the partnership between Bosch and Fetch.ai. Everyone will be welcome to participate in this endeavor. The initiative will provide financial assistance in order to promote research into the development of decentralized technologies, in addition to Web 3 and artificial intelligence (AI).
The Fetch.ai Foundation is an organization that will aim to promote the general adoption of innovative technologies such as artificial intelligence, cutting-edge software, and Web3 technologies in the corporate sector. The establishment of the Fetch.ai Foundation is a joint project that is being worked on by both of the firms as part of their combined efforts. The mission of this foundation will be to increase the adoption rate of the aforementioned technologies. This initiative will not only give financing for research, but it will also facilitate the development of decentralized technologies that have the potential to be used in the real world.
Fetch.ai, a startup company with offices in Cambridge, Massachusetts, is currently in the midst of developing a decentralized machine learning network. Artificial intelligence is the major focus of the company's research and development efforts. They have been putting in the work to bring this project to a successful end, and they have been doing it in collaboration with the multinational engineering and technology business Bosch. The latter business provides a broad variety of Internet of Things (IoT) solutions and counts assisting in the development of artificial intelligence (AI) powered gadgets and home appliances as one of its key strategic goals. The firm also offers a wide range of IoT solutions. Additionally, the firm offers a wide range of Internet of Things (IoT) solutions. The group is looking at the possibilities of incorporating Web3 technology into this ongoing endeavor as a possible new component of this ongoing project.
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