AI Alliance Emerges to Challenge Tech Giants' Dominance

Major blockchain-based artificial intelligence (AI) platforms Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) have announced a merger to form The Superintelligence Alliance with the aim of creating the largest independent player in AI research and development. The merger will involve the creation of a new universal token called Artificial Intelligence (ASI) and is expected to enhance the merged entity's competitiveness with leading centralized entities in the field of AI.

Artificial Intelligence Alliance Formed to Challenge Tech Giants' Dominance

In a significant development within the artificial intelligence (AI) industry, Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) have announced their merger to form The Superintelligence Alliance. This strategic alliance aims to create the largest independent player in AI research and development, challenging the dominance of centralized tech giants.

According to a statement released by Fetch.ai, the alliance's primary objective is to establish an open and equitable AI ecosystem by breaking away from the control exerted by major technology companies. The alliance believes that decentralization is crucial for fostering a more democratic and accessible approach to AI development and utilization.

The Superintelligence Alliance brings together the collective expertise and resources of the three founding members. Fetch.ai specializes in edge AI, autonomous agents, and decentralized machine learning. SingularityNET focuses on building an open-source AI marketplace, providing a platform for researchers and developers to collaborate and share knowledge. Ocean Protocol offers data sharing and collaboration solutions, enabling secure and controlled access to data for AI development.

The alliance aims to develop a comprehensive AI technology stack, encompassing infrastructure components such as data management, AI agents, models, and predictions. This integrated approach will enable the alliance to compete effectively with centralized AI entities and advance the development of advanced AI capabilities, including Artificial General Intelligence (AGI) and Artificial Superintelligence (ASI).

To facilitate seamless collaboration and resource pooling, the alliance will introduce a new universal token, known as Artificial Intelligence (ASI). This token will serve as the primary currency within the alliance's ecosystem, facilitating payments, incentivizing contributions, and fostering the growth of the AI ecosystem.

The combined value of the alliance at the time of signing is estimated at $7.5 billion, placing it among the top 20 projects on Coinmarketcap. The ASI token will have a starting price of $2.82, with FET serving as the benchmark currency.

Following the announcement, the respective tokens of the three alliance members experienced significant gains. OCEAN rose by 5.90% to $1.45, FET increased by 7.36% to $3.32, and AGIX saw a 6.82% surge to $1.40.

The Superintelligence Alliance has garnered attention and speculation within the AI community. Observers believe that the alliance has the potential to disrupt the AI industry by introducing a more decentralized and collaborative approach to AI development. The alliance's ambitious mission of creating ASI, a form of AI that surpasses human capabilities, has sparked excitement and curiosity among AI enthusiasts.

The merger of Fetch.ai, SingularityNET, and Ocean Protocol represents a transformative milestone in the AI industry. The creation of The Superintelligence Alliance has the potential to reshape the landscape of AI development, fostering a more open, equitable, and accessible approach to AI innovation.