Three big names in AI technology, Fetch.ai, Ocean Protocol, and SingularityNET, have come together in a huge move. They’re combining their powers to create one big team, called the Artificial Superintelligence Alliance, with a total value of $7.6 billion. This big step is about making Artificial Intelligence smarter and getting it out from under the control of the few big companies that currently lead the way.
AI Gets a Big Boost from New Alliance
The reason behind this big merge is simple: Artificial Intelligence is growing fast, and these three companies have done a lot on their own. Now, they’re joining forces to speed up the work on making Artificial Intelligence even smarter, in a way that everyone can benefit from, not just the big tech companies. Ben Goertzel from SingularityNET and Humayun Sheikh from Fetch.ai are leading the charge. They believe that Artificial Intelligence should be developed in a way that’s open and fair for everyone.
How the AI Token Merger Works
In practical terms, this means the tokens (or digital coins) from Fetch.ai, Ocean Protocol, and SingularityNET will all come together into one new token, called the ASI token. This new token is expected to be worth $7.6 billion in total. Bruce Pon of Ocean Protocol explains that the ASI token will help keep the network safe and make it easier to access and use Artificial Intelligence without needing traditional money systems. Even though they’re joining forces, each company will keep doing its own projects. They’ll just be working together under this new alliance to make Artificial Intelligence better for everyone.
The Impact on the Market
When the news came out, people got excited and the value of their tokens went up. However, the crypto market can be a bit like a rollercoaster, and things have gone up and down since then. Here’s a quick look at where things stood recently:
- Fetch.ai (FET) was up a little, at $3.33.
- SingularityNET (AGIX) had a tiny drop, at $1.35.
- Ocean Protocol (OCEAN) saw a bigger drop, at $1.45.
These changes show how news can shake things up, but also how the overall mood in the crypto world can affect prices.
A Step Towards Fairer AI
This big move is about more than just creating a new token; it’s about setting a new direction for AI. The goal is to make sure AI development isn’t just in the hands of a few big companies but is something that everyone can be a part of and benefit from. With this alliance, Fetch.ai, Ocean Protocol, and SingularityNET are working to make AI more accessible and fair for everyone. This could change the game in how AI is developed and used in the future.