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Fetchai (FET) has attracted $100 million in investments
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Fetchai (FET) has attracted $100 million in investments

Mar 6, 2024

Fetchai (FET) recently attracted investors' attention by securing significant investments of $100 million. These funds will be directed towards the development of the Fetch Compute project, which aims to expand capabilities for creating innovative applications contributing to the advancement of artificial intelligence AI. As a leading company in the field of AI, Fetchai plans to utilize these investments to improve infrastructure, providing developers and users with more tools and educational resources. The project will rely on the use of Nvidia graphics processors, including models H200, H100, and A100, which will significantly increase the computational power available to developers.

Fetch Compute's distinctive feature is not only the increase in available computational power but also the introduction of a reward system for holders of FET tokens. This system will allow them to earn credits on the platform, thereby reducing the costs of using graphics processors and facilitating access to necessary computational resources. Thus, Fetchai aims to address the problem of graphics processor shortage by offering an efficient and advantageous solution for its community.

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