SingularityNet token holders Fetch.ai and Ocean have approved a $7.5 billion artificial intelligence (AI) deal that would create a Higher Artificial Intelligence Alliance (ASI) project.
Combination of ASI and ASI token
The ASI would consist of SingularityNet, Fetch.ai and Ocean, and would be based on the SingularityNet platform, which is based in Zug, Switzerland. The SingularityNet platform explores the use of AI in fields such as finance, robotics, biomedicine, media, art and entertainment.
The Fetch.AI (FET) token would become the ASI token with a range of 2.6 billion tokens. SingularityNet (AGIX) and Ocean (OCEAN) tokens would be converted to ASI tokens at approximation rates of 0.43:1. ASI tokens would have a combined value of $7.5 billion according to the value given by the market.
ASI’s objectives and the deployment of its products
The ASI’s mission is to create a large-scale decentralized AI infrastructure, ensuring ethical and transparent practices. It is currently examining three distinct product lines: the deployment of AI agents in commercial environments, symbolic and language learning models (LLMs), and the use and sharing of AI data.
In the near future, ASI plans to generate revenue by launching the agent network for deployment. In the short term, it will focus on deploying many commercial products that bring AI applications to life.
Conclusion
SingularityNet token holders Fetch.ai and Ocean have approved a $7.5 billion merger in the artificial intelligence field, aiming to establish an Artificial Higher Intelligence Alliance (ASI). This initiative aims to establish a decentralized AI infrastructure on a large scale, while respecting ethical and transparent practices. The ASI focuses on three main areas: the deployment of AI agents in commercial contexts, symbolic and language learning models (LLMs), as well as the use and sharing of data in artificial intelligence.
