Fetch.ai Foundation Welcomes Deutsche Telekom as First Corporate Partner for AI Innovation

Deutsche Telekom, Bosch and the Fetch.ai Foundation cooperate to advance AI, Web3 and blockchain. © Fetch.ai

(IN BRIEF) Deutsche Telekom has entered a groundbreaking partnership with the Fetch.ai Foundation, becoming the first corporate partner to collaborate on advancing AI and Web3 technologies within the Fetch.ai network. The Fetch.ai Foundation, a non-profit organization founded by Bosch and Fetch.ai, advocates for an open platform accessible to various users. Deutsche Telekom’s subsidiary MMS plays a crucial role in ensuring network security for the decentralized Fetch.ai blockchain. This partnership aims to revolutionize industrial applications by leveraging AI-driven autonomous agents and blockchain integration to streamline processes and enhance security across sectors like healthcare and automotive.

(PRESS RELEASE) BONN, 13-Feb-2024 — /EuropaWire/ — Deutsche Telekom (ETR: DTE), one of the world’s leading integrated telecommunications companies and the largest telecommunications provider in Europe by revenue, announces that it has joined forces with the Fetch.ai Foundation, marking a significant milestone as the first corporate partner to collaborate on advancing state-of-the-art AI and Web3 technologies within the Fetch.ai network. As a non-profit organization established in the Netherlands by Bosch and Fetch.ai, the Fetch.ai Foundation advocates for an open platform accessible to a diverse user base. Deutsche Telekom’s subsidiary MMS takes on the role of both a member and validator, bolstering network security for the decentralized Fetch.ai blockchain. This partnership heralds a new era of innovation, leveraging AI-driven autonomous agents to streamline industrial services, enhance security, and foster scalability through blockchain integration.

Dirk Röder, Head of the Web3 Infrastructure & Solutions Team at Deutsche Telekom MMS, emphasizes the groundbreaking nature of this collaboration, highlighting its potential to revolutionize industrial applications within the Internet of Things (IoT) landscape. The marriage of autonomous agents, AI, and blockchain technology promises to automate processes, simplify operations, and fortify security across various sectors, including healthcare, automotive, supply chain management, and digital identities.

The Fetch.ai blockchain, operating on the Cosmos protocol, embodies openness and accessibility, underpinned by a commitment to open-source principles. This convergence of blockchain and AI represents a pivotal moment in industry evolution, unlocking new realms of possibility and fostering collaborative innovation. By combining secure data transmission with AI capabilities, blockchain technology enriches AI functionality, enabling informed decision-making and facilitating a decentralized internet (Web3) that prioritizes user privacy and control.

Humayun Sheikh, CEO of Fetch.ai, underscores the significance of the partnership in advancing real-world applications of agents, AI, and Web3 technologies, poised to enhance the existing network through research, development, and practical implementation. Deutsche Telekom MMS’s participation alongside Fetch.ai at the Bosch Connected Experience (BCX) further solidifies the partnership’s commitment to driving innovation and exploring new frontiers in IoT and AI. Peter Busch, Head of Distributed Ledger Technology Mobility at Bosch and Chair of the Board of the Fetch.ai Foundation, emphasizes the collaborative synergy between Bosch’s automotive expertise, Deutsche Telekom’s telecommunications infrastructure, and Fetch.ai’s technological prowess, underscoring the collective vision to propel AI and Web3 forward.

About Deutsche Telekom: Deutsche Telekom Group profile

About the Fetch.ai Foundation: The Fetch.ai Foundation is a non-profit organization founded and governed by representatives from Fetch.ai and Bosch. The Foundation’s mission is to drive the advancement of artificial intelligence and Web3 technologies, with a focus on creating a collaborative ecosystem for industry participants that is poised to unlock new innovations and business opportunities. The Fetch.ai Foundation promotes an open and transparent ecosystem based on data sovereignty and balanced governance to foster innovation and cooperation between industry participants through collective research and development, collaborative applications, shared initiatives and the discovery of valuable business models. To learn more, please visit https://fetchai.foundation.

Media contact:

Martina Hammer
Spokesperson and Telekom Blogger

media@telekom.de
+49 228 181 49494

SOURCE: Deutsche Telekom AG