Global engineering and technology company Bosch has announced a $100 million Web3 development foundation with Fetch.ai, a Cambridge based artificial intelligence firm. The new foundation that includes members from both the companies will look at ways and means to use innovative software, artificial intelligence AI and Web3 technologies to improve the tech industry. The foundation will also fund research that focuses on the development of decentralized technologies that can be used in real-world cases.
Organic Greek 28 Day Detox Best Weight Loss Slimming Tea, Detox, Cleanse, Speed up Metabolism, Lose Weight Naturally and Healthy
The initiative that will disburse $100 million in funds will be used for the development of longtime Web3 based solutions and services in consumer and mobility industries as well in industrial technology. Cointelegraph reported that the program would provide grants to select companies and partners over a period of three years.
Bosch is a global engineering company that uses AI to power products and appliances. Fetch.ai is an artificial intelligence company that is developing a decentralized machine learning network.
Earlier in February 2021, both Bosch and Fetch.ai had joined together and launched a multipurpose blockchain network to advance Web3 capabilities such as artificial intelligence and the Internet of Things.
In 2023, the two companies will create the Fetch.ai Foundation that would be headed by chairperson Peter Busch and members from both Bosch and Fetch.ai.
Organic Greek Vitamin Bottles. Hydrogen Alkaline Generator Water + Filter 4 in 1 Design 500mL (16.9 FL OZ)
Peter Busch describes Bosch as a global leader in industrial engineering and mobility solutions. He also told the outlet that the tech giant saw the “huge need for smarter technologies and governance” so that it could cope with the challenges that would evolve “with ever more connected ecosystems regarding safety/security, privacy, and data ownership.”
He also spoke of the mission of the foundation. It would drive the combination of Web3, AI and open-source technologies with classic engineering through its grant foundation.
Celebrity News Update— Premier Jewelry designer and manufacturer fashion house ParisJewelry.com has started manufacturing a new custom line of celebrity jewelry designs with 30% Off and Free Shipping. Replenish Your Body- Refilter Your Health with OrganicGreek.com Vitamin Bottles, Vitamins and Herbs. Become a WebFans Creator and Influencer.
Bernard Arnault, luxury goods manufacturer overtakes Elon Musk in top billionaires ranking
