Bitget, a crypto derivatives exchange, has recently announced that it will invest $10 million in the Fetch.ai platform, which provides technology for automation and AI-based financial predictions. This move reflects the growing interest in the crypto industry towards artificial intelligence (AI), as more investors are willing to bet on the potential of AI-powered solutions to transform the way businesses and individuals interact.
According to Gracy Chan, the Managing Director of Bitget, Fetch.ai already consists of a range of functioning and applicable AI solutions that can have a real impact on the industry. As part of the investment, Bitget plans to offer Fetch.ai a range of services, including marketing consultations and strategic directions.
However, the question remains can Bitget utilize Fetch.ai’s technology to develop an AI crypto derivatives exchange going forward? While the company has not made any official announcements regarding this possibility, recent experiments by Vitalik Buterin, the co-founder of Ethereum, suggest that there is potential for AI-powered chatbots to suggest APIs needed for developing successful crypto trading strategies.
Bitget to explore the potential of AI
Bitget’s investment in Fetch.ai, another recent partnership between Cosmose AI and the NEAR protocol has achieved a $500 million valuation. Cosmose AI is a company focused on retail shopping, and the partnership will enable it to continue developing its AI-powered solutions.
As more crypto leaders explore the potential of AI investment opportunities, it is clear that there is significant interest in the industry toward the development of AI-powered solutions. While it remains to be seen how Bitget will utilize Fetch.ai’s technology in the future, it is clear that the company is positioning itself as a key player in this emerging field.
The potential of AI-powered solutions to transform the crypto industry is significant, and companies like Bitget and Cosmose AI are well-positioned to lead the way in developing innovative solutions that can help businesses and individuals navigate the rapidly-evolving world of crypto trading. As the industry continues to evolve, it will be interesting to see how AI continues to play a role in shaping its future.
