Bosch partners in a new foundation pledging $100 million in grants to drive Web3, AI and IoT product development.
A $100 million is being earmarked for a grant program funding the development of Web3, AI and decentralized technologies in a partnership between Bosch and Fetch.ai.
The program will provide $100 million in grants to fund the long-term development of Web3-based solutions and services for the mobility, industrial technology and consumer industries. An announcement shared with Cointelegraph indicates that the grant program will invest in select companies and partners over a three-year period.
The Fetch.ai Foundation board will feature members from both Bosch and Fetch.ai and will look to fund specific businesses and companies in the industrial AI space. Fetch.ai Foundation chairperson Peter Busch said Bosch is interested in harnessing developing technologies:
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