Fetch.ai’s (FET) recent 6% rally in price following its partnership with SingularityNET (AGIX) is evidence of the growing combination of AI and blockchain technology. This collaboration aims to tackle two major AI challenges – overcoming hallucinations in large language models (LLMs) and enhancing multi-step reasoning using decentralized infrastructure. Fetch.ai operates a decentralized network that utilizes AI and blockchain technology to power autonomous software agents capable of executing tasks, which can automate processes and reduce data monopolies across industries. This signals that traders see potential in this partnership to advance AI technology meaningfully.
