The AI concept sector as a whole rose 33.5%, and the reason why Fetch.AI's FET token soared 360% and hit a new all-time high

It is reported that the NVIDIA AI conference GTC will be held from March 18 to March 21, and Illia Polosukhin, co-founder of the public chain project NEAR Protocol, will attend the "Transforming AI" keynote speech and panel discussion on March 20, and the NEAR token is now at $5.68, up 27.1% in 24 hours.
According to the data, the AI concept sector token as a whole rose 33.5%, and Fetch.ai (FET) is now trading at $2.72, up 41.4% in 24 hours; Render (RNDR) is trading at $9.75, up 36% in 24 hours; SingularityNET (AGIX) is trading at $1.15, up 31% in 24h, and Akash Network (AKT) is trading at $5.4, up 16.2% in 24h. In addition, Worldcoin (WLD) is now trading at $7.35, up 8.4% in 24 hours. #山寨季开始#
Fetch.AI's native token, FET, has risen 360% since 2023, rising significantly from $0.6 to an all-time high of $2.84, driven in part by the v0.17 update in early February. As a result, FET briefly entered the list of the top 50 crypto assets by market capitalization and then slipped two places.
The recent rally was first driven by a surge across the market and later by Fetch.AI's acquisition of advanced GPUs after $100 million in infrastructure investment. As a result, the FET saw a weekly gain of more than 70%. #山寨季开始#
Fetch.AI is a crypto-artificial intelligence project based on Cosmos. It recently announced plans to invest $100 million in an infrastructure initiative called Fetch Compute. It is designed to enhance developers' resources, computing power, and training opportunities while providing GPU credits to users.
According to the official announcement, Fetch Compute will integrate Nvidia H200, H100 and A100 GPUs to create a platform that developers and users can meet their computing needs. At the same time, funding for the program will come from the Fetch.AI Ecosystem Fund.
German multinational engineering giant Bosch partnered with Fetch.aI last year to launch a new foundation focused on driving industrial adoption of software brokers, artificial intelligence, and Web3 technologies.
The new entity is known as the Fetch.AI Foundation, which prioritizes research and development efforts and promotes the practical application and adoption of agents in various fields.
Later that year, Bitget, a crypto derivatives and copy trading platform, committed $10 million to the development of the Fetch.AI ecosystem, while announcing its intention to provide AI Labs with a variety of services, including marketing consulting and strategic direction.
(Source: Chayanika Deka)