Fetch.ai is launching a $100 million program called Fetch Compute to give developers access to top computing power and resources.
According to the announcement, Fetch Compute will provide high-end Nvidia GPUs like the H200, H100, and A100 models. These GPUs pack a ton of processing muscle that will allow developers to train advanced AI models and work on complex AI solutions. The $100 million in funding comes from Fetch.ai’s ecosystem fund.
A key part of Fetch Compute is that developers can earn GPU credits by staking (holding) Fetch.ai’s cryptocurrency $FET. These credits can then be used to tap into the powerful GPU computing resources when needed. Staking rewards for GPU credits begin on March 7th.
Humayun Sheikh, CEO of Fetch.ai, said “By marrying substantial compute resources with our unique compute credit system, we’re ensuring that our community has the support and tools necessary to bring their visionary AI projects to life.”
The $100 million program comes as AI and chip-making companies have seen rising demand and stock prices thanks to the growing generative AI trend. Fetch.ai’s $FET token has spiked over 230% in value since the program was announced.
With $100 million of new computing muscle, Fetch.ai is flexing to help developers push the boundaries of what’s possible in AI.
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