Fetch.ai recently unveiled enhanced GPUs following a $100 million investment in infrastructure.

Dubbed Fetch Compute, the initiative aims to enhance training capabilities and tools accessible to developers and users. It is tailored to empower users in crafting advanced applications to bolster the AI landscape.

According to Fetch.ai's latest press release, the $100 million endeavor will deploy Nvidia H100, A100, and H200 GPUs to establish a new platform, aiding users and developers in harnessing their computational power.

This development is poised to accelerate innovation within the Fetch.ai ecosystem, unlocking intricate solutions and models. Funded by the Fetch Ecosystem Fund, the initiative aims to address GPU scarcity and establish new benchmarks for businesses and developers globally.

Following the announcement, Fetch.ai experienced a surge in value, with a 34.14% increase in a 24-hour period alone. The coin is currently trading at $2.70, marking a remarkable 109.23% surge over the past 7 days. According to the latest Fetch.ai coin price forecast, the coin shows promise as a favorable investment option for traders.

Furthermore, Fetch.ai introduced a new reward mechanism for community members. Starting March 7, 2024, users staking $FET tokens will receive Fetch Compute Credits as rewards, which can be utilized to cover GPU utilization fees on the network.

CEO Humayun Sheikh also shared insights on the development, highlighting that Fetch Compute represents more than just an infrastructure investment—it signifies an investment in AI's future and the ecosystem of developers pushing boundaries within the Fetch.ai ecosystem.

With the introduction of the rewards system, FET token holders stand to benefit directly from the expansion while accruing Fetch Compute Credits. The AI development leader is poised to establish a dynamic marketplace, connecting users with services and redefining the search experience.