CUDOS Accepted into Artificial Superintelligence Alliance Following Community Vote

Press Release - CUDOS Joins the ASI Alliance

September 27, 2024 — The Artificial Superintelligence Alliance has today announced that the voting has officially closed, and CUDOS has been confirmed as the fourth decentralized AI project to join the collective.

CUDOS, a leader in distributed AI computing, will now integrate with the Alliance, which was co-founded by SingularityNET, Fetch.ai, and Ocean Protocol. This development will see the CUDOS token (CUDOS) merged into the Alliance’s unified token (FET), creating a cohesive ecosystem dedicated to advancing Artificial General Intelligence (AGI) and Artificial Superintelligence (ASI) and ultimately increasing the utility of the FET token.

The voting, which commenced on September 19, 2024, and concluded on September 24, 2024, marked a crucial step in the Alliance’s mission to create a globally decentralized and independent infrastructure for AI research, development, and deployment. CUDOS’ inclusion expands the Alliance’s computational capabilities, providing access to thousands of cutting-edge AI GPUs, further enhancing the Alliance’s capacity to scale AI innovations.

"In joining the Artificial Superintelligence Alliance, CUDOS is not just contributing its distributed computing power but also its vision for a decentralized, transparent AI future,” said Matt Hawkins, CEO of CUDOS. “This milestone reinforces our commitment to driving the next generation of AI, where the combined strength of our networks will pave the way for innovations in AGI and ASI.’’

“This collaboration with CUDOS unlocks unprecedented computing power, bringing us closer to achieving AGI and ASI,” continues Humayun Sheikh, CEO of Fetch.ai and Chairman of the Artificial Superintelligence Alliance. "By integrating this technology, we’re not only advancing AI commercialization but also laying the groundwork for a decentralized and autonomous ecosystem that can scale globally. This marks a pivotal step toward realizing a future where AI operates with greater efficiency and autonomy, transforming industries and unlocking new economic models."

“Achieving our goal of decentralized beneficial human-level AGI and then ASI requires rapid coupled progress in a number of different aspects, including cognitive architectures, learning algorithms, ethical data sourcing and management, scalable blockchain tools and also hardware infrastructure” noted Ben Goertzel, CEO of SingularityNET and the Artificial Superintelligence Alliance. “The tokenomic merger with CUDOS will be very valuable on the hardware infrastructure side, providing a decentralized framework easing the path for compute hardware providers to join the ASI network, and for AI agent authors and owners to get matched with appropriate compute hardware on the ASI network.”

The integration brings immense value to the Alliance by tapping into CUDOS' global network of distributed computing, known for its cost-efficiency, flexibility, and resiliency. CUDOS’ cloud infrastructure enables access to premium AI hardware at approximately 50% of the cost of centralized providers like Amazon AWS. This capability maximizes the impact of the $153 million investment in AI hardware previously announced by Fetch.ai and SingularityNET.

The conversion ratios between $CUDOS and $FET (ASI) tokens are set at:

• Token Merger Rate: CUDOS 112.427:1 FET - $CUDOS tokens migrate to $FET, at this conversion rate.

• Token Merge Fee: 5%

• Conversion Ratio: CUDOS 118.344:1 FET calculated as a 5% adjusted rate (112.427 / 95%) -> if a user has 119 CUDOS this would be converted into ~1 FET

• Average Price: 30-Day Window ($0.0084497923197215x)

• Vesting (public): 3 Months

• Vesting (treasury): 10 Months

• Supply Increase: 88,946,755.672 FET (i.e. 10,000,000,000 / 112.427)

CUDOS holders can now start migrating their tokens via the SingularityDAO platform, which is officially open: https://singularitydao.ai/migrate-asi

For a complete guide on token migration, visit the CUDOS token migration guide.

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About The Artificial Superintelligence Alliance The Artificial Super Intelligence (ASI) Alliance is a collective formed by Fetch.ai, SingularityNET (SNET) and Ocean Protocol. As the largest open-sourced, independent entity in decentralized AI research and development, this alliance aims to accelerate the advancement of decentralized Artificial General Intelligence (AGI) and, ultimately, Artificial Superintelligence (ASI). For additional information on ASI, visit: superintelligence.io

About CUDOS CUDOS is a leading Decentralised Physical Infrastructure Network (DePIN) for AI compute, providing advanced computational solutions for a range of applications. Specializing in AI-driven projects and large-scale data analysis, CUDOS leverages decentralized technology to deliver powerful, scalable, and cost-efficient compute resources. Our network empowers developers, enterprises, and researchers to push the boundaries of innovation, harnessing the full potential of AI and big data. Through our commitment to transparency, efficiency, and sustainability, CUDOS is at the forefront of the Web3 revolution, transforming the landscape of computational technology.

About SingularityNET SingularityNET was founded by Dr. Ben Goertzel with the mission of creating a decentralized, democratic, inclusive and beneficial Artificial General Intelligence (AGI). According to Dr. Goertzel, AGI should be independent of any central entity, open to anyone and not restricted to the narrow goals of a single corporation or a single country. The SNET team includes seasoned engineers, scientists, researchers, entrepreneurs, and marketers. The core platform and the SNET AI teams are complemented by specialized teams devoted to various application areas such as robotics, biomedical AI, finance, media, arts and entertainment. For additional information visit: singularitynet.io. About Fetch.ai Fetch.ai, a Cambridge-based AI company, is redefining the possibilities of an intelligent and connected world through its AI agent-based technology. Fetch.ai's infrastructure technology enables developers and businesses to build, deploy & monetize through an agent-based modular platform for the new generation of AI applications. The company's core product, DeltaV, fuses Language Models (LLMs) and AI Agents to create an open and dynamic marketplace that connects users to services and reimagines the current search experience. For additional information visit: fetch.ai.

About Ocean Protocol Ocean was founded to level the playing field for AI and data. Ocean tools enable businesses and individuals to trade tokenized data assets seamlessly to manage data all along the AI model life cycle. Ocean-powered apps include enterprise-grade data exchanges, data science competitions and data DAOs. The Ocean Predictoor product has over $800M in monthly volume six months after launch with a roadmap to scale foundation models globally. For additional information visit: oceanprotocol.com.