Bosch partners in $100 million Web3 development foundation
Global technology firm Bosch partners in the launch of a new foundation, committing $100 million to a Web3, AI and IoT grant program. A $100 million is being earmarked for a grant program funding the development of Web3, AI and decentralized technologies in a partnership between Bosch and Fetch.ai. The two companies are collaborating to create the Fetch.ai Foundation, which will aim to fuel industrial adoption of innovative software, AI and Web3 technologies. The initiative will fund research and develop decentralized technologies for real-world use cases. The program will provide $100 million in grants to fund the long-term development of Web3-based solutions and services for the mobility, industrial technology and consumer industries. An announcement shared with Cointelegraph indicates that the grant program will invest in select companies and partners over a three-year period. Fetch.ai is a Cambridge-based artificial intelligence firm developing a decentralized machine learning ne...