AI Revolution Goes Decentralized: $7.5B Token Merger Aims To Challenge Big Tech

Three blockchain-based artificial intelligence (AI) firms — SingularityNET AGIX/USD, Fetch.ai FET/USD, and Ocean Protocol OCEAN/USD — are in talks to merge their crypto tokens into a single entity called ASI.

What Happened: This token would have a combined value of roughly $7.5 billion, Bloomberg reported, citing unnamed sources.

The proposed merger wouldn’t result in a single company. Each platform, SingularityNET, Fetch.ai, and Ocean Protocol, would continue to operate independently.

Instead, the trio will collaborate as part of a so-called “Superintelligence Collective.”

By leveraging blockchain technology, they hope to create an AI ecosystem that isn’t dominated by large corporations but functions in a more distributed and community-driven manner.

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Ben Goertzel, founder and CEO of SingularityNET, will oversee the collective.

Fetch.ai CEO Humayun Sheikh, an early investor in Google’s DeepMind AI unit, is also expected to play a key role as chairman.

The Benzinga Future of Digital Assets event, taking place on Nov. 19, promises to be a valuable platform for these discussions to continue.

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