CUDOS integration could significantly reduce AI operational costs.
CUDOS may join Fetch.ai, SingularityNET, and Ocean Protocol as member of ASI Alliance
CUDOS’s integration into the ASI Alliance could decentralize AI infrastructure and enhance efficiency.
The merger is contingent on community approval, with detailed terms and conversion ratios set.
The Artificial Superintelligence (ASI) Alliance, a collaborative initiative established by Fetch.ai, SingularityNET, and Ocean Protocol, may soon welcome CUDOS, a decentralized cloud computing platform, as its new member, as shared by the Alliance today.
Subject to community approval, the potential addition aims to boost the Alliance’s computing capabilities, the Alliance stated. Humayun Sheikh, CEO of Fetch.ai and chairman of the ASI Alliance, sees this as a crucial step towards achieving Artificial General Intelligence (AGI) and Artificial Superintelligence (ASI) in a decentralized way.
“This collaboration, pending community approval, will unlock unprecedented computing power and innovation potential, enabling us to build robust revenue models and capitalize on the equipment we’ve developed,” Sheikh stated.
“By joining forces, we are taking a crucial step towards the Alliance’s mission of achieving Artificial General Intelligence (AGI) and Artificial Superintelligence (ASI), offering a viable alternative to centralized solutions and bringing us closer to realizing the full potential of a truly autonomous and profitable global ecosystem,” Sheikh noted.
The Alliance said that the integration of CUDOS could help it gain access to a vast pool of cutting-edge AI GPUs, including the latest Nvidia models. The move would greatly boost their processing power and unlock new possibilities for decentralized AI innovation.
CUDOS’s network of AI GPUs is also expected to complement the Alliance’s recent efforts to support large-scale AI applications.
CUDOS’ model provides several advantages over centralized cloud providers, according to the Alliance. It’s more scalable, cost-effective, and resilient thanks to its network of independent suppliers. The team believes these will translate to increased efficiency, reduced risks, and greater flexibility for the Alliance.
“The Artificial Superintelligence Alliance is the largest AI blockchain alliance, and CUDOS is the most advanced real-world and blockchain computer network; together we have an unprecedented opportunity to build the largest vertically integrated decentralized AI technology stack,” Matt Hawkins, founder of CUDOS, discussed the potential partnership.
“It’s about creating a seamless ecosystem where AI and blockchain technology can thrive together, pushing the boundaries of what decentralized AI can achieve. By leveraging CUDOS’ powerful computing network within the ASI framework, we’re setting the stage for groundbreaking advancements in AI that will redefine the future of technology and pave the way for decentralized AGI and ASI,” he added.
Established in March this year, the ASI Alliance is part of an ambitious vision to create a fully decentralized, ethical AI ecosystem by merging resources and expertise from its member organizations.
Ben Goertzel, the CEO of SingularityNET and the ASI Alliance stated that to achieve this, it’s essential to have a strong foundation in cognitive architectures, AI algorithms, ethically sourced data, and decentralized software and hardware infrastructure. He believes CUDOS will help strengthen the Alliance’s computing hardware infrastructure.
Token merger details and community vote
As detailed in the announcement, the proposed merger of CUDOS tokens into the Alliance’s FET token requires approval from both the ASI and CUDOS communities. Voting commences on September 19, 2024, and concludes on September 24, 2024.
If approved, CUDOS could merge its CUDOS token with the Alliance’s ecosystem token, ASI, at a pre-determined rate (112.427 CUDOS: 1 FET) with a 5% token merger fee. After the merger, vesting periods will be in place for both public holders (3 months) and the treasury (10 months).
The merger is part of a broader strategy to streamline the tokenomics of the alliance and facilitate the deployment of its unified token. It began on July 1 with Phase 1 focusing on consolidating SingularityNET’s AGIX and Ocean Protocol’s OCEAN tokens into FET.
