Fetch.ai launches Innovation Lab with $10M fund for startups
Fetch.ai is opening an Innovation Lab in San Francisco for early-stage startups working with AI agents.
Decentralized machine learning platform Fetch.ai is launching a hub in San Francisco, California to advance artificial intelligence technology.
The new hub, Innovation Lab, will onboard early-stage startups working on AI agent solutions — software that uses artificial intelligence to perform specific tasks or make decisions for users or other systems.
According to Fetch.ai, it will allocate $10 million in annual funding for projects using the platform to build AI agents. Funding will be milestone-based, with a $1 million cap per project. The autonomous AI agents market is expected to reach $88.1 billion by 2032.
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Author: Ana Paula Pereira
