A $10 million accelerator program has been established by Fetch.ai to support entrepreneurs in high-performance technologies, quantum computing, and AI agents.
The cryptocurrency artificial intelligence business Fetch.ai, which was founded on Cosmos, has established a $10 million accelerator to help entrepreneurs working on high-performance technology, quantum computing, and AI agents.
The accelerator seeks to bridge the gap between research and practical applications via Fetch.ai’s Innovation Lab. According to a press statement shared with Cointelegraph, the lab, which has locations in San Francisco, London, and India, will assist entrepreneurs grow internationally by offering investment, coaching, and access to Fetch.ai’s agent-based technology.
The chairman of the ASI Alliance and CEO of Fetch.ai, Humayun Sheikh, told Cointelegraph that agents would not only change the way we develop software but also act as the current technology’s execution layer.
In partnership with global institutions like the Massachusetts Institute of Technology’s Web.lab, an initiative devoted to investigating cutting-edge technologies, the new business accelerator will include boot camps, seminars, and specialized lectures.
Fetch.ai’s patented AI agent technologies, which provide actionable conclusions from AI models, will give customized assistance to startups who are approved into the program.
APIs have historically been the main tool used to integrate technology. However, Sheikh told Cointelegraph that agents would gradually supplant APIs as the new interface for job execution and software interaction.
In order to guarantee that entrepreneurs have access to resources and coaching, the accelerator’s framework consists of year-round programs and innovation challenges. Participating companies also have the chance to pitch to investors and business executives at events.
“Fetch.ai Innovation Labs will continue to support young talent through its Internship Incubator Program and provide earl-stage funding to startups,” Sana Wajid, chief development officer, told Cointelegraph.
According to Sheikh, AI agent technology will be crucial to the cryptocurrency industry and the ASI Alliance, a joint venture involving Fetch.ai, Ocean Protocol, and SingularityNET that aims to hasten the development and use of decentralized AI, as reported by Cointelegraph.
According to Sheikh, AI agents will act as the middle layer, enabling communication and execution between end users, enterprises, and models. This feature is crucial in the context of the ASI Alliance.
Some creators of the Solana project, however, have questioned this viewpoint, claiming that AI agents are overvalued and that they have been flooding social media site X with AI agent tokens since October 2024. In a post on X on December 29, Condz, the creator of Web3 firm Acolyte AI, said that while 2025 will be a huge year for AI agents, if you just look at the story, most of them are frauds or will never deliver.
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