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Fetch. ai Raises $40M for Decentralized Machine Learning and Autonomous Agents Deployment

AI-focused crypto protocol Fetch. ai has raised $40 million from DWF Labs to deploy decentralized machine learning and autonomous agents on its platform.

Fetch. ai aims to provide an autonomous machine-to-machine ecosystem for developers to deploy and monetize applications. The platform deploys autonomous economic agents that create connections between independent parties and real-world systems to generate economic value.

The investment by DWF Labs marks its sixth this month, following a spike in institutional interest in AI-focused tokens as the next growth sector. Fetch. ai recently partnered with Bosch to research and develop real-world use cases of blockchain technology.

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