“Revolutionizing AI: Fetch AI’s $40M Funding Paves the Way for Autonomous Agents and Decentralized Machine Learning!”

“Revolutionizing AI: Fetch AI’s $40M Funding Paves the Way for Autonomous Agents and Decentralized Machine Learning!”

Fetch.ai has raised $40 million in a funding round to create an open-source decentralized machine learning network. The UK-based company plans to use autonomous agents that will interact with blockchain technology to form the network.

The system will use blockchain technology to create a decentralized machine learning network that can provide on-demand access to complex computation “at scale and in a secure manner.”

The network will allow anyone to provide data for machine learning algorithms to train on. It will also allow individuals to create their own autonomous agents that can interact with data on the network to perform tasks such as prediction, optimization, and automation.

Fetch.ai believes that this combination of machine learning and blockchain technology will allow it to create a network of autonomous agents that can operate without human intervention. These agents will be able to interact with other agents to complete more complex tasks than would be possible with a single agent.

The funding will be used to develop the technology further and expand the company’s team. Fetch.ai aims to enable individuals and businesses to create their own autonomous agents and earn rewards for the successful completion of tasks.

The company’s CEO, Humayun Sheikh, said, “We built Fetch.ai to create an infrastructure that allows an unlimited number of individuals and systems to securely leverage each other’s capabilities and data. We’re thrilled to have this support from investors who understand the enormous potential of bringing decentralized, peer-to-peer networks to the biggest issues facing societies and industries today.”

Key Takeaway:

1. Fetch.ai has raised $40 million in a funding round to create a decentralized machine learning network that will utilize blockchain technology.

2. Autonomous agents will be used to interact with the blockchain to create a secure and scalable network for complex computation.

3. The network will allow individuals and businesses to create their own autonomous agents that can interact with other agents to complete complex tasks.

4. Fetch.ai believes that the combination of machine learning and blockchain technology will allow for a network of autonomous agents that can operate without human intervention.

5. The funding will be used to develop the technology and expand the Fetch.ai team, with the aim of enabling individuals and businesses to create their own autonomous agents and earn rewards for completing tasks successfully.

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