🚀 Fetch.AI (FET) is up 360% since 2023, from $0.6 to an all-time high of $2.84, thanks in part to the v0.17 update in early February. FET once entered the top 50 by market capitalization cryptocurrency market before sliding down two places.

💥 The price rally was triggered by a market boom and then fueled by Fetch.AI's acquisition of cutting-edge GPUs after investing $100 million in infrastructure. As a result, FET recorded an increase of more than 70% during the week.

🤖 Fetch.AI is a cryptocurrency artificial intelligence project based on Cosmos. Recently, they announced plans to invest $100 million in the Fetch Compute infrastructure initiative, which will increase resources, compute capacity, and training opportunities for developers, while also providing GPU credits for users.

🌐 Fetch Compute will integrate Nvidia H200, H100 and A100 GPUs to establish an accessible platform for developers and users for their computing needs. Meanwhile, funding for this initiative will be mobilized from the Fetch.AI ecological fund.

🤝 Last year, German multinational engineering group Bosch partnered with Fetch.aI to jointly introduce a new organization, focused on accelerating the industrial adoption of software agency, AI and Web3 technologies .

🔬 This new organization, called Fetch.AI Foundation, prioritizes research and development, while promoting real-world application and adoption by agents across multiple industries.

📈 Later in the year, crypto derivatives trading and replication platform Bitget committed to invest $10 million in the development of the Fetch.AI ecosystem and also announced its intention to provide multiple services to the lab AI, including marketing consulting and strategic direction.