In-Short
- Deutsche Telekom partners with AI startup Fetch.ai to advance AI and blockchain integration.
- Deutsche Telekom MMS to act as a validator on Fetch.ai’s decentralized network.
- Collaboration aims to enable autonomous agents for various industries, enhancing security and efficiency.
- Joint efforts to be showcased at Bosch Connected Experience hackathon in February 2024.
Summary of Deutsche Telekom and Fetch.ai Partnership
Deutsche Telekom has embarked on a strategic collaboration with Fetch.ai, a UK-based AI startup, to foster the development of AI and blockchain technologies. This partnership positions Deutsche Telekom as the first major corporate backer of the Fetch.ai Foundation, joining forces with Bosch to support an open AI and blockchain platform designed for broad adoption.
Fetch.ai’s platform is built around autonomous software agents powered by AI algorithms, capable of independently managing resources, executing transactions, and analyzing data. These agents are poised to revolutionize a range of sectors, including automotive, supply chain, healthcare, and digital identity, by enabling applications such as optimizing production schedules and matching patients to clinical trials.
Deutsche Telekom’s subsidiary, Deutsche Telekom MMS, will contribute to the security of the Fetch.ai network by serving as a validator. The network, which is based on the Cosmos protocol, is a permissionless and decentralized system with an open-source codebase that is globally accessible.
The synergy between blockchain and AI is expected to unlock new possibilities by providing secure, transparent data for AI to analyze, thereby laying the groundwork for a decentralized Web3 internet that prioritizes user privacy and control. Fetch.ai CEO Humayun Sheikh views the partnership as a significant step towards integrating AI and Web3 innovations into the machine economy.
The collaboration will be highlighted at the Bosch Connected Experience, one of Europe’s largest AI and IoT hackathons, scheduled for 28-29 February 2024.
Further Reading
For more in-depth information on this innovative partnership and its potential impact on the future of AI and blockchain technology, please visit the original source.
Footnotes
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