Feb 14, 2024 9:58 pm
Deutsche Telekom joins Web3 Foundation Fetch.ai Foundation
Deutsche Telekom joins the Fetch.ai Foundation as its first corporate member and becomes a validator on the Fetch.AI blockchain network. (Ledger Insights)
In February last year, Fetch.ai and Bosch announced their cooperation to establish a new Web3 foundation, the Fetch.ai Foundation, to promote the development of industrial applications based on AI and Web3 technology. At launch, Bosch and Fetch.ai will lead the foundation’s governing board and seek to expand it with other key leaders in the industry, while maintaining transparency, neutrality and data sovereignty.
Humayun Sheikh, founder and CEO of Fetch.ai, said that over the next three years, the team will seek to provide more than $100 million in funding to the industrial AI field through various grant programs.