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Bitget has committed $10 million towards the advancement of the Fetch.ai ecosystem, as announced by the cryptocurrency derivatives exchange on April 27.
Fetch.ai offers the framework for creating autonomous services. Its primary offering is the artificial intelligence (AI) agent network, a decentralized system of autonomous agents capable of executing a variety of tasks, including data analysis and intricate financial modeling. The initiative also features a smart wallet that includes automation and integration with OpenAI’s ChatGPT API. The AI chatbot reached over 100 million users in January 2023, only months after its introduction.
In reference to the commitment, Bitget mentioned the recent excitement surrounding AI generated by ChatGPT, which opens up “more possibilities for this technology in enhancing human productivity and creativity.” Concerning the nature of the collaboration with Fetch.ai, Bitget indicated it would be “offering consultations on marketing” and additional services to assist the AI infrastructure provider in broadening its business partnerships.
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As per CoinGecko, Bitget is presently the eighth-largest crypto spot exchange globally, with a daily trading volume of $990 million. The exchange, headquartered in Seychelles, caters to over 8 million users across more than 100 countries and regions.
On April 20, Bitget obtained a regulatory license to operate in Lithuania. Last month, the firm invested $30 million in multichain wallet provider BitKeep, thereby becoming its controlling shareholder.
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