Cudos may improve its decentralized AI and cloud computing capabilities by joining the ASI Alliance, subject to a community vote.
SingularityNET, Fetch.ai, and Ocean Protocol recently launched the Artificial Superintelligence ASI Alliance, and now they have added a fourth member.
Cudos, a decentralized cloud computing company, will be added to the Alliance and subject to community approval, according to a press release.
Voting on the admission of this fourth member is set for September 19–24. Should it be approved, the integration will include a token merger combining Cudos with the Alliance’s FET token.
Cudos CEO and founder Matt Hawkins stated that the development “adds computational resources and utility to ASI”.
“…ASI contributes additional AI capabilities to Cudos. Ultimately, our goal is to accelerate the adoption of decentralized AI solutions.”
Details of the fourth member’s integration
By incorporating Cudos into the Alliance, the group gains access to decentralized cloud computing network capabilities that utilize cutting-edge GPUs to accelerate artificial intelligence computation.
The press release states that the expansion of ASI Alliance intends to increase its processing power while decreasing dependence on centralized sources such as Amazon.
According to a statement released by the Alliance on September 3, this fourth-member expansion further advances the organization’s efforts to create a decentralized cloud infrastructure.
The CEO of Fetch.ai and chairman of the ASI Alliance, Humayun Sheikh, said that the team is “actively working” on converting the FET token to ASI.
“…we anticipate making progress in the coming months.“
In contrast to decentralized
Sheikh declared that “decentralized computing is better than centralized computing/AI” about the debate between centralization and decentralization.
“…it offers greater scalability, resilience, and security. It prevents bottlenecks, enhances privacy, and minimizes vulnerabilities to attacks.”
According to Sheikh, worldwide resource distribution fosters innovation and democratizes access to AI technology for various consumers by reducing “reliance on a single provider.”
Coinbase chooses not to migrate to ASI.
On July 1, the native Ocean Protocol token moved automatically into FET on a few cryptocurrency exchanges but not on Coinbase.
The centralized cryptocurrency exchange declared on June 27 that it would “not facilitate the migration” process on behalf of users from “OCEAN to FET or FET to ASI.”
While Coinbase’s lack of support may indicate an aversion to centralized entities, the token move was supported by Binance, Crypto.com, and KuCoin, among other centralized exchanges.