Latest news with #Fetch.ai
Yahoo
17-05-2025
- Business
- Yahoo
Fetch.ai CEO says AI agents will soon book your meetings, travel — and even talk on your behalf
founder and CEO Humayun Sheikh laid out a vision of artificial intelligence that goes far beyond answering questions or generating content. According to Sheikh, AI agents are here now—and they're ready to take action on your behalf. 'You will have an agent or multiple agents who will perform multiple tasks on your behalf,' Sheikh told TheStreet Roundtable host Rob Nelson. 'Not like when you give it an assigned thing, you will be able to kind of set it in motion to take care of tasks, to accomplish things, to actually speak on your behalf. To operate on your behalf.' He described a world where every person could have multiple AI agents—like a professional agent for work tasks and a personal agent for home life. 'So I have these agents… and I say to my professional agent, 'Hey, go and book me an appointment with Rob.'' The agent then contacts Rob's agent, checks both calendars, and finds the best time—all without any human interaction. 'It's learning from your behavior,' Sheikh added. 'You could actually just carry out that task quite without any interference from the human.' This kind of agent-to-agent communication, Sheikh emphasized, is already a reality. 'That exists right now,' he said. 'We are about to release something along those lines in the next week. And it's not future, it's now. It's reality.' These AI agents can integrate with your calendar, LinkedIn, WhatsApp—even IoT devices and your car. 'We've done trials with car companies where you carry your personas within the car. These agents become and interact with the car as if it was you.' The consumer experience is about to shift dramatically. Sheikh explained, 'You wouldn't have to open a travel app. You can actually go and say, 'Hey, I booked my travel.' It'll go and take your preferences from your work side or family side. You wouldn't have to explain it—and it'll just do it.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-05-2025
- Business
- Yahoo
AI should just do the job — not just talk, says Fetch.ai CEO
Humayun Sheikh tells TheStreet Roundtable that AI should move beyond just assistance — it should act, reason, and be auditable. In a candid chat, he breaks down the need for fewer guardrails and more real-world utility. AI shouldn't just assist — it should act. That's the vision Humayun Sheikh, CEO and Founder of laid out in a wide-ranging conversation with TheStreet Roundtable host Rob Nelson on the future of artificial intelligence. 'This is a transition. Who needs to write code? I mean, if you don't need to write code, why would you write code?' Sheikh said. 'If you can do everything that you need to do without writing any code, you would do that, right?' According to Sheikh, the future of AI lies in removing friction. 'You just want to interact with it and ask it to do things, and it should just go and do them,' he added. Whether it's ordering a cab or booking a plumber, AI should be handling the entire backend. 'You don't have to worry about is it getting it from Uber? Is it getting directly from the cab? I mean, we come to all the trust issues and we can deal with that,' he said. 'But let's assume that we dealt with it… It's like having AI as your assistant, right? Truly your assistant. Not just to ask questions, but to do things.' But that same autonomy raises an age-old concern: trust. Nelson questioned whether AI's increasing autonomy could introduce risks, especially if an assistant becomes 'too smart.' 'Eventually, I think my AI assistant's going to be mad at me certain days and be like, maybe I'm going to make your appointment a little late,' he joked. 'Talk to your ChatGPT — it's your friend.' Sheikh didn't entirely dismiss the idea. 'That's a real possibility. Yes,' he said. 'That's why it becomes very important to put some guardrails in there.' Still, he cautioned against going too far. 'We are trying to build a decentralized system where we don't put censorship, we don't put too many guardrails… You don't want it to go completely crazy,' he explained. 'But you also want it to have auditability. And that's what blockchain brings to the whole mix.' In June, SingularityNET, and Ocean Protocol will officially merge their tokens under a unified ASI token, marking the creation of the Artificial Superintelligence Alliance. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Times
04-05-2025
- Business
- Business Times
Tiny logistics firm's shares surge on plan to buy Trump Coin
[NEW YORK] A small logistics company's plan to hold US President Donald Trump's memecoin as a treasury asset is fuelling its blistering stock rally. Freight Technologies said it will use proceeds from the sale of convertible notes to buy the Trump digital token. The company intends to start with a US$1 million offering, and may raise up to US$20 million. The penny stock more than doubled on Friday (May 2), giving it a US$4.7 million market value. The move followed a more than 20 per cent swing up and then back down in the two trading sessions after Wednesday's morning announcement. The Houston-based company said in a press release that it is one of the first public companies to make the Trump coin 'a cornerstone of its digital asset strategy'. The purchase came after Freight Technologies acquired FET tokens from a decentralised artificial intelligence platform. As at Apr 29, the company said it holds about US$8 million worth of FET. Freight Technologies and other companies are following in the footsteps of Michael Saylor's MicroStrategy, which has turned to the sale of convertible debt and other securities to fund the purchase of Bitcoin worth more than US$50 billion. Investors have been driving up the shares of companies that scoop up cryptoassets. Upexi shares have climbed more than 500 per cent since the company announced a plan to raise US$100 million to buy the Solana token, while blank-check company Cantor Equity Partners has more than quadrupled on plans to become a Bitcoin-investment vehicle. Such amplified moves are not uncommon in companies with low floats and harken back to the stock swings of the meme-stock era during the pandemic. The Trump coin, however, is far less established than the cryptocurrencies other firms have targeted – it debuted several days before the president's inauguration and has since lost much of its value. The president's memecoin has also prompted an uproar among critics over potential conflicts of interest and ethics violations. Democratic senators Adam Schiff of California and Elizabeth Warren of Massachusetts said last month that a planned private dinner for top holders of the coin may constitute 'pay to play' corruption, and are calling for an ethics investigation. Freight Technologies' chief executive Javier Selgas said in the release that purchasing the coin was a way to 'advocate for fair, balanced, and free trade between Mexico and the US'. BLOOMBERG
Yahoo
15-04-2025
- Business
- Yahoo
Kava Labs' Scott Stuart: Decentralized AI Delivers Real Value, Not NFT Style-Hype
Artificial Intelligence tokens have long-term staying power and won't be another crypto fad like non-fungible tokens (NFTs), even though the industry has already seen its share of flops, Kava Labs co-founder Scott Stuart said in an interview with CoinDesk. "We had this first AI wave, but that wave was projects like Fetch saying, 'We're going to do a merger,' but producing nothing from it, or projects like Virtuals or AI16z, initially doing well, then dropping off by 80% or 90%. It was an unhappy outcome," Stuart told CoinDesk in an interview. Market data shows that since January, Virtuals, the native token of the AI-related Virtuals Protocol, is down nearly 85%. FET, the token of the artificial intelligence alliance, is down 60%. KAVA, for its part, is fairing reasonably well, down 5%, beating the CoinDesk 20, a market index, which is down 29%. Kava didn't start as an AI project. Initially known for Cosmos-based decentralized finance (DeFi), began as just another DeFi project, but pivoted to decentralized AI as a differentiator amidst ongoing crypto market consolidation. Since its pivot, Kava has shipped its Kava AI platform and marketplace, a blockchain-native chatbot resembling ChatGPT powered by DeepSeek's R1 large language model, the autonomous AI agent Oros, and decentralized GPU infrastructure. Stuart said this pivot was necessary because altcoins face increased challenges without a compelling narrative, making decentralized AI's clarity and value proposition critical. "Unlike speculative bubbles such as NFTs, decentralized AI's fundamental utility ensures its resilience. NFTs or similar trends are essentially memes built on top of memes. Anything that's beta to meme coins will inevitably rise and fall with hype cycles," he said. The company is building a decentralized artificial intelligence (AI) infrastructure designed to be auditable, transparent, and open-source. Given its performance compared to the rest of the market, clearly, they are onto something. 'When you look at AI as a technology, it's just another way for corporations to present you information," Stuart said. "With OpenAI, there's a secret sauce component, and at any point in the future, they can tweak that model to serve you what they want.' Stuart argues that the stakes are substantial in separating AI from this black box as technology becomes increasingly integral to daily life. 'Closed-source AI can tweak models in ways you can't see. You don't know if it's optimized for your benefit or a company's or even a nation-state's interest,' he said. And he's not the only one that has these concerns. In an earlier interview with CoinDesk, Simon Kim, CEO of South Korea's Hashed, the country's leading web3 fund, said closed-source AI has made a 'God' from a machine. Its inner workings remain unknown and incomprehensible, but it has established itself as a pillar of society. In contrast, Kava Labs promotes an "open-weight" approach, allowing anyone to verify AI model parameters, much like Ethereum's transparent smart contracts. Recognizing how regulators increasingly view AI transparency as a strategic U.S. interest, Stuart sees an opportunity to build decentralized AI infrastructure that's certifiably 'made-in-the-U.S.A.' and backed by open-source funding initiatives. "During the last administration, the trend was toward offshoring everything," he said. "Now it seems they're serious about reversing that, and we're using this shift as an opportunity to strengthen U.S.-based infrastructure." And underneath this infrastructure will be open source technology. "The future of AI isn't corporate-controlled," he concluded. "It's open, transparent, and decentralized. Kava aims to lead this transformation." Sign in to access your portfolio
Globe and Mail
01-04-2025
- Business
- Globe and Mail
Freight Technologies Enters into Securities Purchase Agreement with Fetch Compute to Acquire Tokens in One of the Largest Decentralized Artificial Intelligence Computing Networks
- Creates asset diversification in addition to a crypto treasury and platform for Freight Technologies to introduce crypto to the Over-the-Road (OTR) carrier and logistics markets - - Freight Technologies and to collaborate on a development partnership to further blockchain and AI technologies in the logistics space - HOUSTON, April 01, 2025 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT; 'Fr8Tech' or the 'Company'), a logistics management innovation company, offering a diverse portfolio of technology-driven solutions, announced today it has entered into a Securities Purchase Agreement (the 'Agreement') for the acquisition of $5.2 million of FET Tokens from Fetch Compute, Inc. ('Fetch Compute'), in exchange for 2,311,248 Series A4 preferred shares of the Company, par value $0.0001 per share ('Preferred Shares'). The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Company's current report on Form 8-K dated April 1, 2025, announcing the execution of the Agreement. FET Tokens are the cryptocurrency that power a decentralized machine learning platform that aligns with Fr8Tech's vision for scalable and secure AI solutions in the OTR carrier and logistics markets. Acquiring FET Tokens allows Fr8Tech to begin actively participating in decentralized AI ecosystem, expanding its competitive advantage in the logistics industry. 'On the heels of the launch of our AI Tendering Bot, an innovative solution designed to automate and streamline the load tendering process for shippers and freight brokers, today's token acquisition announcement brings further breadth and depth to Fr8Tech's commitment to logistics innovation, while simultaneously strengthening and diversifying our balance sheet,' said Javier Selgas, the Chief Executive Officer of Fr8Tech. 'With a FET Token treasury in place and by leveraging empowered decentralized digital economy, our ultimate goal is to empower clients with real-time visibility and greater supply chain transparency to handle different activities inside the decentralized economy, whether it's improving supply chain logistics, maintaining solid record-keeping systems, executing computational tasks, or enabling transactional interactions.' About Freight Technologies Inc. Freight Technologies (Nasdaq: FRGT) ('Fr8Tech") is a technology company offering a diverse portfolio of proprietary platform solutions powered by AI and machine learning to optimize and automate the supply chain process. Focused on addressing the distinct challenges within the supply chain ecosystem, the Company's portfolio of solutions includes the Fr8App platform for seamless OTR B2B cross-border shipping across the USMCA region; Fr8Now, a specialized service for less-than-truckload (LTL) shipping; Fr8Fleet, a dedicated capacity service for enterprise clients in Mexico; Waavely, a digital platform for efficient ocean freight booking and management of container shipments between North America and ports worldwide and Fleet Rocket a nimble, scalable and cost-effective Transportation Management System (TMS) for brokers, shippers, and other logistics operator Together, each product is interconnected within a unified platform to connect carriers and shippers and significantly improve matching and operation efficiency via innovative technologies such as live pricing and real-time tracking, digital freight marketplace, brokerage support, transportation management, fleet management, and committed capacity solutions. The company is headquartered in Houston, Texas. For more information, please visit Forward-Looking Statements This press release includes 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Fr8Tech's and Fr8App Inc.'s actual results may differ from their expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as 'expect,' 'estimate,' 'project,' 'budget,' 'forecast,' 'anticipate,' 'intend,' 'plan,' 'may,' 'will,' 'could,' 'should,' 'believes,' 'predicts,' 'potential,' 'continue' and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Fr8Tech's and Fr8App Inc.'s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the inability to obtain or maintain the listing of Fr8Tech's ordinary shares on Nasdaq; (2) changes in applicable laws or regulations; (3) the possibility that Fr8Tech or Fr8App Inc. may be adversely affected by other economic, business and/or competitive factors; (4) risks relating to the uncertainty of the projected financial information with respect to Fr8App Inc.; (5) risks related to the organic and inorganic growth of Fr8App Inc.'s business and the timing of expected business milestones; and (6) other risks and uncertainties identified, including those under 'Risk Factors,' to be filed in Fr8Tech other filings with the Securities Exchange Commission. Fr8Tech cautions that the foregoing list of factors is not exclusive. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Fr8Tech and Fr8App Inc. caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Fr8Tech and Fr8App Inc. do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based.
