Fetch.ai announces GPU rewards for developers after $100M infrastructure investment

Fetch.ai, a crypto-artificial intelligence project built on Cosmos, is allocating $100 million to an infrastructure program called Fetch Compute, which will expand its tools, computing power, and training capabilities for developers in addition to giving users GPU credits.

According to a March 5 announcement, Fetch Compute will deploy Nvidia H200, H100 and A100 GPUs to create a platform for developers and users to use for computing power, with funding from the Fetchi.AI Ecosystem Fund.

“The move is expected to accelerate the pace of innovation in the fetch.ai ecosystem by providing the ability to test complex models and solutions,” the project wrote. Additionally, “users who save Fetch.ai's native coin $FET will receive Fetch Compute Credits as rewards, which they can then use to pay for GPU usage on the Fetch Compute network starting March 7.”

Humayun Shaikh, CEO of Fetch.ai, commented: “By marrying significant computational resources with our unique computational credit system, we are ensuring our community has the support and tools necessary to bring their visionary AI projects to life.” Currently, Fetch's .ai infrastructure consists of the search-based AI DeltaV platform, which uses large-scale linguistic models and AI agents to match users with computing services.

Introducing: Bring Calculation ️

Following a $100M investment in our infrastructure, we've secured the future of our growing ecosystem with a decentralized computing platform by delivering advanced AI-based @nvidia #GPUs ⚡.

But wait, there's more for $FET stakeholders! pic.twitter.com/i9FYkJnkLZ

— Fetch.ai (@Fetch_ai) March 5, 2024

On February 26, Cointelegraph reported that AI tokens were rallying alongside chipmaker Nvidia's breakout Q4 2024 earnings. In the quarter, Nvidia reported revenue and earnings of $22.1 billion and $12.3 billion, respectively, representing year-over-year growth of 265% and 769%, reflecting demand for computing and generative AI. After the announcement, Fetch.ai tokens have recovered more than 230% and are currently trading at $1.78.

Last month, Fetch.ai partnered with Deutsche Telekom to join as a corporate partner and validator for the Fetch blockchain.

Related: AI Tokens Record Double-Digit Gains As Market Cap Doubles In One Month