Tech Giants Join Forces: AI Revolution Sparks Birth of Decentralized Alliance

On March 27, 2023, Ocean Protocol, Fetch.ai, and SingularityNET announced a merger to form the Artificial Intelligence Alliance (ASA), a decentralized network aiming to develop AI systems free from the control of large tech companies. The merger, unprecedented in the AI crypto space, combines the expertise of the three companies to create an open-source AI network that empowers users with data ownership and AI control.

Artificial Intelligence Revolution Sparks Tech Alliance: Fetch.ai, Ocean Protocol, and SingularityNET Join Forces

In a landmark development that heralds a new era of decentralized artificial intelligence (AI), three tech giants – Fetch.ai, Ocean Protocol, and SingularityNET – have announced their merger to form an Artificial Intelligence (AI) alliance free from the clutches of Big Tech.

This unprecedented move underscores the rapidly evolving AI landscape within the cryptocurrency ecosystem, where investors are increasingly seeking exposure to the best AI tokens. As explained by Hyunsoo Kim, AI crypto seamlessly combines AI with blockchain technology, marking a groundbreaking intersection. The alliance of these three companies could not have come at a more opportune moment, as AI continues to reshape the crypto sector.

AI Revolution: A Catalyst for Positive Change

The AI revolution is sweeping across industries, bringing with it a myriad of positive changes. AI tools like ChatGPT are becoming ubiquitous in our daily lives, simplifying tasks and solving problems with remarkable efficiency. However, concerns linger about the potential for large companies such as Apple, Microsoft, Amazon, Alphabet, and Meta to monopolize control over AI.

This apprehension has spurred blockchain and Web3 companies like Fetch.ai, SingularityNET, and Ocean Protocol to take a proactive stance, offering an alternative where data is open and shared among all participants.

Birth of the Artificial Superintelligence Alliance (ASA)

The three tech giants have resolved to merge their respective cryptocurrency tokens into a single entity, forming an alliance dedicated to advancing AI without the constraints of central authorities. This groundbreaking merger has given rise to the Artificial Superintelligence Alliance (ASA), a first-of-its-kind collaboration that will create the largest open-sourced, decentralized network in existence.

By pooling their resources, these platforms aim to bypass intermediaries and establish fair and open AI systems that facilitate direct communication between developers and users. Such a development holds immense significance in an era where cryptocurrency security is paramount.

Decentralizing AI: Empowering the Masses

The alliance's mission is to create a decentralized Artificial General Intelligence (AGI) that empowers the broader public, rather than an AI system that caters to the interests of a select few. By leveraging each partner's expertise, the alliance will accelerate progress in AI research and application.

This partnership will consolidate the companies' collective knowledge and capabilities, diminishing the dominance of Big Tech in the AI space. The result will be practical and beneficial AI tools for businesses, designed to enhance human well-being. The Superintelligence Alliance upholds the principles of choice, data ownership, and AI control, recognizing the fundamental importance of individual autonomy in the digital age.

Token Merger and Bright Future

As part of the merger, the three companies will combine their individual tokens into a single 'Artificial Intelligence' token, designated as $AS. Fetch.ai's native token (FET) will contribute 2.63 billion tokens, valued at $2.82 each. SingularityNET's AI network token (AGIX) and Ocean Protocol's data platform token (OCEAN) will also be integrated into ASI, with conversion rates of approximately 0.433 to 1. Consequently, ASI is poised to emerge as a major player in the crypto market, boasting a total value of around $7.5 billion.

With a community of over 250,000 wallets and a robust presence on exchanges, the future of the alliance looks promising. Fetch.ai, Ocean Protocol, and SingularityNET will establish a dedicated website for the Alliance, while maintaining their legal independence. Each project's leadership, team, community, and funding will remain unchanged post-merger. Any significant developments or adjustments will be communicated through official channels.

Conclusion

The merger of Fetch.ai, Ocean Protocol, and SingularityNET is a watershed moment in the AI landscape, signaling a new era of decentralized and accessible AI technology. The formation of the Artificial Superintelligence Alliance (ASA) challenges the dominance of Big Tech and empowers individuals with the freedom to harness AI for the betterment of society. As the AI revolution continues to reshape the world, this alliance stands as a beacon of innovation and decentralized progress.