In late August, $FET experienced a notable surge in buying volume, primarily driven by two key groups: Smart Money (SM) and Whales.
This spike in activity led to a brief price increase of over 10%, though the price has since corrected back down.
Meanwhile, @HMsheikh4, CEO of $FET (FetchAI) and chairman of the ASI Alliance, recently shared his vision for the future of cloud infrastructure and AI in an interview with Cointelegraph. During the Q&A, Sheikh discussed the growing vulnerabilities of centralized cloud services such as AWS, Google Cloud, and Microsoft Azure. He pointed out that these platforms are increasingly at risk from cyberattacks and outages, calling for a shift towards a decentralized approach.
Sheikh believes that decentralizing cloud infrastructure would not only enhance security but also increase system resilience by distributing data and control across independent nodes. While he acknowledged the technical and regulatory challenges of such a transformation, he highlighted the immense potential for democratizing access to computational resources, fostering innovation, and providing more equitable opportunities for businesses and developers.
The ASI Alliance is actively pushing for this decentralized cloud model, with the aim of reducing reliance on centralized providers and promoting the development of new AI technologies. This shift could mark a significant turning point in the industry, leading to a more secure, innovative, and democratized future for AI.
🌐@HMsheikh4, CEO of $FET #FetchAI and chairman of the ASI Alliance, recently shared insights with Cointelegraph on the future of cloud infrastructure and #AI.
In his Q&A, Sheikh highlighted the vulnerabilities of centralized cloud services like AWS, Google Cloud, and Microsoft… https://t.co/iF5LzJsjmM
— L E O (@CryptoLeo00) September 6, 2024
As $FET continues to capture attention from Smart Money and Whales, the company’s leadership is driving forward a vision for a decentralized future that could reshape the cloud and AI landscape.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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