AI Giants SingularityNet, Fetch.ai and Ocean Protocol Eyeing $7.5B Token Merger
Summary:
SingularityNet, Fetch.ai, and Ocean Protocol, three notable AI platforms, are considering consolidating their tokens into a $7.5 billion AltSignals (ASI) token. Despite the merger, these platforms would continue individual operations but collaborate under the Superintelligence Collective, a new entity led by Ben Goertzel.
Three leading artificial intelligence (AI) systems, SingularityNet, Fetch.ai, and Ocean Protocol, are contemplating a token merger that could result in an AltSignals (ASI) token valued at a total of $7.5 billion. The agreement may be revealed by Wednesday, subject to approval from the community, as per sources cited in an exclusive report by Bloomberg M&A. Despite the merger, the three AI platforms would maintain their individual operations. However, they are expected to collaborate under the umbrella of a newly created Superintelligence Collective, a group managed by Ben Goertzel, SingularityNet's CEO and founder. Expected to be the chairman of this new group is Humayun Sheikh, the CEO of Fetch.ai, according to undisclosed sources. SingularityNet, Fetch.ai and Ocean Protocol have been contacted for commentary by Cointelegraph. In related news, 0G Labs has secured $35M in pre-seed backing from more than 40 cryptocurrency investors for on-chain AI. Please stay tuned as this story unfolds and more details emerge.
Published At
3/27/2024 1:31:57 PM
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