Fetch.ai seizes $40M investment despite decline in AI sector token performance

As the world increasingly relies on artificial intelligence (AI) to power everything from search engines to self-driving cars, it's no surprise that traders and investors are turning their attention to the intersection of AI and cryptocurrency.

Timeline of Fetch

Since the launch of OpenAI's ChatGPT last November, the cryptocurrency market seems to have officially welcomed a new category: AI crypto assets. However, according to price trends, it seems it is now time for discounts.

AI(Artificial intelligence) technology has remained one of the hottest topics in 2023 so far. Despite a highly volatile phase in the past three months, the cryptocurrencies linked to this AI technology experienced substantial gains, reflecting their increasing popularity.

Fetch [FET] oscillated around $0.371 – $0.490 over the last few days before breaking below the range. However, bulls found steady ground at $0.298 on March 12, pushing the price back into its previous range only to face rejection at the range's upper boundary.

Following Openai's release of GPT-4, a deep learning and artificial intelligence product, crypto assets focused on AI have spiked in value. The AGIX token of the Singularitynet project has risen 25.63% in the last 24 hours.

Bosch and Fetch.ai have just announced the launch of their joint venture, Fetch.AI Foundation, with a mission to research, implement and leverage Web3 technology for use cases in mobility, industrialization, and consumer products. The Fetch.ai Foundation will be built upon transparency, openness, neutrality, and data sovereignty.

One of the leading AI crypto token projects Fetch AI and German engineering and technology giant Bosch announced a new partnership today, sending the FET price soaring by 12%. The partnership is about a new Web3 foundation, the Fetch.ai Foundation.

One of the leading artificial intelligence crypto projects is soaring due to a new partnership with electronics giant Bosch. The team behind the Ethereum-based altcoin project Fetch.ai (FET) says the two will work together to boost development of industrial applications based on AI and Web3 technologies.

Fetch.ai, a blockchain-based artificial intelligence (AI) and machine learning platform, has partnered with engineering and technology leader Bosch to form a Web3 foundation — Fetch.ai Foundation. The Fetch.ai Foundation will research and develop Web3 technology for real-world use cases in the mobility, industrial, and consumer industries.

A recent report found that the artificial intelligence (AI) market is estimated to grow at a Compound Annual Growth Rate (CAGR) of about 22.26 percent between 2022 and 2027. Reportedly, the size of the AI market is forecasted to increase by approximately $125.3 billion.

One of the largest Polygon (MATIC) and Shiba Inu (SHIB) whales on record is now accumulating a pair of Ethereum-based altcoin projects. The whale in question holds the keys to the 94th-largest Ethereum (ETH) wallet on record, worth about $132,163,000 at time of publishing. The whale's top holdings include $22.9 million of Ethereum (ETH), $21.