Bitget has jumped on the artificial intelligence (AI) bandwagon and pledged $10 million to the Fetch.ai platform.
The hype of artificial intelligence has taken the markets by storm this year. Investors are betting big on the artificial intelligence industry, as well as cryptocurrency pioneers. Now, Bitget, the crypto derivatives exchange, has made a $10 million investment in artificial intelligence platform, Fetch.ai.
Will Bitget develop AI crypto derivatives trading infrastructure?
According to Finance PolesBitget plans to provide a range of services to Fetch.ai, including marketing advice and strategic guidance.
Gracie Chan, General Manager of Bitget says:
“We know value when we see it. Fetch.ai truly consists of a suite of workable and applicable technology AI solutions that can have a real impact on the way businesses and people interact.”
Fetch.ai provides the technology to build services using automation and AI for financing and forecasts. While Bitget wants to help Fetch.ai build community and business partnerships, can it also use its technology to build an AI crypto derivatives exchange going forward?
Bitget has not yet officially commented on the news.
Vitalik Buterin ChatGPT AI Experiences
Recently, Vitalik Buterin, co-founder of Ethereum, has been experimenting with chatbot AI, APIs in ChatGPT.
His experiments revealed that ChatGPT can be used to suggest APIs needed to develop successful cryptocurrency trading strategies.
As crypto leaders explore investment opportunities in artificial intelligence, Cosmose AI received undisclosed funding from the NEAR protocol on Monday. With this partnership, Cosmose AI, a company focused on retail shopping, achieved a valuation of $500 million.
BeInCrypto stated that the goal of the partnership is to make online payments up to 50 times cheaper.
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